Answer:
$62,500
Explanation:
As we know that cash flow statement records the cash inflow and cash outflow and ignored all other transactions which are not made in cash
Since in the question it is given that $62,500 is cash collected from account receivable and the same is to be shown in the operating activities in a positive sign that indicates an inflow of cash
Answer:
The answer is A.
Explanation:
Barriers to entry deter firms from entering the market freely. Barriers to entry encourage imperfect market like monopoly or oligopoly. In imperfect market, that are characterised by barriers to entry, there will be little or no competition, price are determined by the suppplier. Also here, price will be at the discretion of the supplier.
But if all barriers are removed, there will be many firms entering the market, this will encourage more competition and will eventually drive price down.
Answer:
$490
Explanation:
This can be calculated as follows:
Cost of good sold = Opening inventory + Purchases - Closing inventory = $12,000 + $38,000 - 14,300 = $35,700
Amount of shrinkage = Cost of good sold - Cost shown by perpetual inventory system = $35,700 - $35,210 = $490.
Therefore, amount of shrinkage that occurred during the month is $490.
