Answer:
Interest Expense $39,600
Cash Flow from Operating Activities $39,600
Explanation:
Payment of Interest Expense is the cash expense paid during the year which is deducted from the operating profit in the calculation of net income which is used to determine the cash flow from operating activities.
Interest on the Bond = $660,000 x 6% = $39,600
At the time of payment Journal Entry will be as follow
Dr. Interest Expense $39,600
Cr. Cash $39,600
As the cash is paid against the operating activities.
Answer:
Decrease
Explanation:
Fiscal policy is an important policy tool which is used by the government to account for revenue and expenses. During a boom stage, when the economy is improving the government implements more taxes. Similarly, in a recession period, where economic growth is negative an expansionary discretionary fiscal policy is applied. In this type of fiscal policy, taxes and government expenses both are concentrated to remove the pressure.
Answer:
total cost of having the manuscript type is $680
Explanation:
given data
first time = $5 per page
revised = $3 per page
manuscript = 100 pages
revised only once = 40
revised twice = 10
to find out
total cost of having the manuscript typed
solution
we know for 1st time page cost is
page 1st time = 100 - 40 - 10 = 50 page
cost 1st time = 50 × $5 per page = $250 .................1
and
for first revision
first revision page = 40
cost of first revision = 40 × ( first time $5 + first revision $3 )
cost of first revision = 40 × 8 = $320 ......................2
and
for second revision
second revision page = 10
second revision cost = 10 × ( first time $5 + first revision $3 + second revision $3 )
second revision cost = 10 × 11 = $110 ..........................3
add all 3 equation
total = $250 + $320 + $110
so total cost of having the manuscript type is $680
Answer:
If effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.
Explanation:
A price floor can be described as a price control in which the minimum price to be charged for goods and services is imposed by a government or a group.
For a price floor to be effective and binding, it has to be set above the market or equilibrium price. This is because a price floor will neither be effective nor nonbinding when it set below the equilibrium price.
Any price above the equilibrium or market price creates or leads to excess supply. Excess supply is a situation whereby quantiy of commodity supplied is more than the quantity demanded of the commodity.
Based on the above explanation, if effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.
Answer:
A. Lead to local but not global or strategic improvements if they are not linked to strategy.
Explanation:
A key performance indicator card is a technique or rather methodology used in assessing the status of a measure by comparing key indicators to target. It is a performance card that identifies the main objective and gives a well structured view of the organization. It can lead to both local and strategic improvements if they are linked to strategy. They are performance scorecards developed without necessarily working from company's strategy.
