Answer:
Net income = $4,160
Ending Retained Earnings = $3,210
Total assets = $76,760
Total liabilities and equity = $76,760
Cash balance = $59,180
Explanation:
see the attached file below
Answer:
The answer is A
Explanation:
An increase in an effective maximum legal price will do what to prices and quantities sold in a market?
A maximum legal price is an effective tool to control prices. Usually, the price is below its equilibrium. An increase in the maximum legal price will increase prices and the quantities sold will decrease. When prices go up, companies offer more quantities of a product, but consumers demand less.
Answer: limited partnership
Explanation:
A limited partnership simply means a form of partnership whereby some of the partners only contribute financially nd thus will be liable and only to the extent of the amount that they contribute to the partnership m.
In case the company goes into bankruptcy, their personal assets and properties won't be affected. Since Thom invited his parents to invest $40,000 in the enterprise and told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment, then this is a limited partnership.
Answer:
Net cash used in operating activities = $20,900
Explanation:
There is a prescribed treatment of increase in current assets and current liabilities, if there is any increase in current assets such increase is deducted from operating cash flow,
and any decrease in current liabilities is added as a step to calculate cash flow from operating activities.
Therefore with this we have
Net Operating cash Flow
Less: Increase in current assets = ($22,000)
Add: Decrease in Current Liabilities = $1,100
Net cash used in operating activities = $20,900
