Answer:
a.
DR Cash .....................................................................$9,003.31
DR Cash Over and Short.........................................$66.99
CR Sales revenue........................................................................$9,070.30
Working
Cash = 9,070.30 - 66.99 = $9,003.31
b.
DR Cash .....................................................................$9,107.67
CR Sales revenue........................................................................$9,070.30
CR Cash Over and Short.............................................................$37.37
Working
Cash = 9,070.30 + 37.37 = $9,107.67
The theory that tax cuts can raise supply is called "supply side economics" or "trickle down economics." These policies were strongly supported by the Reagan Administration in the United States during the 1980s in the hopes of promoting economic growth. The theory functions that the cutting of taxes will help to promote economic growth and development.
The correct answer is when “the government has a role in moderating the basic welfare of all its citizens.”
John Keynes was an economist who supported the concept that government intervention can stabilize an economy. He believed that capitalism works best when the government has a role in moderating the basic welfare of its citizens.
Answer:
$823,000
Explanation:
To determine the net cash provided by operating activities using the indirect method we can use the following formula:
net cash flow = net income + depreciation expense - accounts receivable increase + inventory decrease - accounts payable decrease
net cash flow = $657,000 + $203,000 - $28,000 + $12,000 - $21,000 = $823,000
If accounts receivable decreased, then it would be added.
If inventories increased, then it would be subtracted.
If accounts payable increased, then it would be added.