Economic Activities are the actions related to the production, distribution, and exchange of goods and services. So for an evening news bulletin on TV or radio, some examples are:
- The service of the reporters who research a story and check facts
- The cost of paper and materials used in the newsroom
- The equipment that establishes a TV or radio signal and broadcasts it out to people
- Cable service or radios that are purchased in order to hear/see the news
First spent $7 on the item that will be - 7
Got $8 when he sold it so + 8
Bought the item for $9, so - 9
Again sold it for 10 make it + 10
Final profit will be P = - 7 + 8 - 9 + 10
Profit = $2
Answer:
Explanation:
a. In this transaction, the cash balance is reduced by ($120) and no impact on the net income as the purchase is made so there is an outflow of cash
b. In this transaction, the cash balance has no impact and the net income balance is reduced by ($30) as it is treated as an expense
c. In this transaction, the cash balance has no impact and the net income balance is increased by $1,400 as the revenue is made
d. In this transaction, the cash balance is increased by $750 and no impact on the net income as there is an inflow of cash
e. In this transaction, the cash balance is reduced by ($2,900) and no impact on the net income as there is an outflow of cash
f. In this transaction, the cash balance has no impact and the net income balance is decreased by ($580) as depreciation is a non-cash expense
Answer:
e. 5,540 units.
Explanation:
The computation of the budgeted production units for July month is shown below:
= Sales units + ending inventory units - beginning inventory units
where,
Sales units = 5,400 units
Ending inventory units = 6,100 units × 20% = 1,220 units
And, the beginning inventory units = 1,080 units
So by considering this, the production units is
= $5,400 + 1,220 units - 1,080 units
= 5,540 units
We simply applied the above formulas
<u>Answer:</u> this scenario best illustrates a dominant design.
<u>Explanation:</u>
Innovation streams means where the innovations become a competitive advantage for the companies. In this case solar water heater has attained its popularity and this has increased the demand for the product. Companies have to protect themselves against the competitors through innovation streams. Company can maintain its innovative streams by giving innovations every year.
Dominant design means that a new innovative product is accepted in the market and has market standards. Dominant design are used by mass people.