Answer: $185,500
Explanation:
Total cash received = Sales revenue - Accounts receivable + owner's investment + amount borrowed
= $362,000 - $46,400 + $42,000 + $30,000
= $387,600
Total cash disbursement = Merchandise purchased - Accounts payable + Salaries + Interest + Insurance
= $200,000 - $38,600 + $28,100 + $2,700 + $9,900
= $202,100
Ending cash balance = Total cash received - Total cash disbursement
= $387,600 - $202,100
= $185,500
Answer:
a. $118,000
Explanation:
When preparing a cash flow statement, using indirect method we add decrease in current assets and we deduct increase in current assets.
Here it is provided that income reported = $110,000
Opening balance of accounts receivables = $40,000
Closing balance of accounts Receivables = $32,000
Change in Accounts receivables = Closing - Opening = $32,000 - $40,000 = - $8,000
Therefore there is decrease in accounts receivables which is a current asset.
Thus Cash Flow from operating activities
Net Income = $110,000
Add: Decrease in current assets = $8,000
Net cash flow from operating activity = $118,000
Correct option is
a. $118,000
Answer:
b.Scarce for households and scarce for economies
Explanation:
- A resource is a source of supply form which benefit is produced and has some utility and is broadly classified in there availability. The resources are those that are scare in terms of the households and the economies and depends on the availability of the factors.
On many levels on a personal level lack of food makes me sad.
hope this helps
Answer:
Because economists believe that people pursue their best interests
Explanation:
- The word economy is derived from the Greek word meaning household and which is an area of production and distribution The role of an economist is to analysis and monitor trends and develop forecasts analysis data and develop economic policies.
- As they give certain predictions or estimates of the economy by reflecting on the economic activities that are performed by the people as assuming tat the man behaves rationally.
