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kicyunya [14]
3 years ago
7

Which of the following statements is CORRECT? Since depreciation increases the firm's net cash provided by operating activities,

the more depreciation a company has, the larger its retained earnings will be, other things held constant. A firm can show a large amount of retained earnings on its balance sheet yet need to borrow cash to make required payments. Common equity includes common stock and retained earnings, less accumulated depreciation. The retained earnings account as reported on the balance sheet shows the amount of cash that is available for paying dividends. If a firm reports a loss on its income statement, then the retained earnings account as shown on the balance sheet will be negative.
Business
1 answer:
jek_recluse [69]3 years ago
8 0

Answer:

The correct statement is A firm can show a large amount of retained earnings on its balance sheet yet need to borrow cash to make required payments.

Explanation:

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Extent to which the demand<span> for a good changes when income changes.</span>
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You work for an auto manufacturer and distributor. How could you use information systems to
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4 0
3 years ago
Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou
photoshop1234 [79]

Answer:

d. $5,204

Explanation:

Interest expenses up to December 31, 2020 = (Total present value of lease payment - Lease payment on July 2021) * 8% * 6/12

= $61,600 - $8,500 * 8% * 6/12

= $53,100 * 8% * 6/12

= $2,124

Depreciation Expenses up to December 31, 2021

= Fair value of equipment / Useful life * 6/12

= ($61,600 / 10) *6/12

= $6,160 * 6/12

= $3,080

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3 0
3 years ago
A company has $1,378 in inventory, $4,827 in net fixed assets, $664 in accounts receivable, $298 in cash, $626 in accounts payab
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Answer:

$7,167

Explanation:

Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.

Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.

Given

Inventory = $1,378

Net fixed asset = $4,827

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= $7,167

4 0
3 years ago
Suppose the price elasticity of demand for cereal is negative −1.03. If​ so, then the demand for cereal is (unit-elastic, elasti
kari74 [83]

Answer:

The demand for cereal is elastic.

The demand for the magazine is inelastic.

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The price elasticity of demand is the degree of responsiveness of quantity demanded to change in price. A negative price elasticity implies that the product is a normal good.

The price elasticity of demand for cereal is −1.03. This means that the demand is price elastic. An elastic demand implies that a change in price will cause more than proportionate change in quantity demanded.

The price elasticity of demand for a particular magazine is −0.72. This means that the demand is price inelastic. An inelastic demand implies that a change in price will cause less than proportionate change in the quantity demanded.

5 0
3 years ago
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