Answer:
c. equilibrium price and equilibrium quantity both to increase
Explanation:
If demand for a good increases, the equilibrium price will increase too, because consumers will be willing to purchase the good at higher prices. Besides, suppliers will try to take advantage of this situation by producing more of the same good, increasing the equilibrium quantity as well.
Answer:
5.32 years
Explanation:
Particulars Amount
Sales $16,700
Less: Expenses <u>$7,300</u>
Profit before tax $9,400
Less: income tax <u>$3,760</u>
Net income $5,640
Add: Depreciation <u>$4,700</u>
Annual Cash flow <u>$10,340</u>
So, the payback period for the new machine = Total investment/Annual cash flow = $55,000 / $10,340 = 5.319148936170213 = 5.32 years
Answer: Bank Deposit
Explanation:
This relates to QuickBooks Online which is an accounting service that is provided to many small and medium size enterprises to help them with their accounts. It is very effective and easy to use.
When it comes to deposits other than customer payments, the relevant feature to use is the Bank deposit feature which can be found in the banking tab. You bank account can be linked to QuickBooks which would then update the your account when a bank deposit has been made.
The misstatement is immaterial in the overall context of the financial statements represents a viable defense.
<u>Option: A</u>
<u>Explanation:</u>
An object may be immaterial individually, but when it is consolidated with lots of immaterial objects it can be material. When this happens, then the impact becomes material. A mistake of an individual element may cause serious misrepresentation of the financial statements.
Materiality direct to the relative size of a number as the relatively large quantities are content, while the relatively small quantities are not material or immaterial. A further perception of materiality is that sophisticated investors will be deceived by omitting or misclassifying the number.
Answer:
Option "D" is the correct answer to the following question.
Explanation:
Analogous Estimation leverages information from previous projects to predict the length or expense of your present project, hence the name. When you have limited knowledge on your present project, you can utilise comparable estimate. Analogous estimate is a simple approach to use.
So, it is not a forecasting method.