Answer:
Direct method
Explanation:
There are three types of activities in the cash flow statement under the direct method
1. Operating activities: It records those transactions which are related to the cash receipts and cash payments.
Like:
Cash flow from Operating activities
Collections from customers
Less: Cash paid to suppliers and employees
Less: Interest and taxes paid
Net Cash flow from Operating activities
2. Investing activities: It records those activities which include purchase and sale of the long term assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
Answer:
If there is $1 increase in the government purchases, this will increase the income and spending by more than $1. This increase is due to the government spending multiplier.
The increase in government spending will lead to increase the aggregate demand and national income of a nation.Therefore, this will increase the induced spending.
That's why one dollar increase in government spending will lead to more than one dollar increase in income and spending.
Answer:
Send some positive confirmation requests
Explanation:
This is an inquiry made by an auditor to a third party, the not audited party, that requires a formal response. It is done regarding whether the third party, residents' delinquent real estate taxes, match those that Cooper is examining.
Due to Cooper is auditing the financial statements of a small rural municipality, they could not require a negative confirmation, where the third party only has to answer if the records match or not.
Answer:
The correct answer is E that is $74,520
Explanation:
The expected cash receipts for January from the current and past sales is computed as:
Cash sales for January = Budgeted sales × 20% cash collected
= $51,000 × 20%
= $10,200
Credit Sales is computed as:
For November is $13,000
For December = December Sales / 60 × 50
= $42,000 / 60 × 50
= $35,000
For January = Budgeted Sales × 80 %× 40%
= $51,000 × 80% × 40%
= $16,320
Total January Sales = Cash Sales + Credit Sales
= $10,200 + $13,000 + $35,000 + $16,320
= $74,520
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.
