Answer:
Depreciation expense is added back to net income when preparing the cash flow from operating activities section because depreciation represents a non cash reduction to net income. Depreciation is a non cash reduction because it notes down the the reduction in the value of an asset due to use as an expense and because the company isn't making any cash transactions due to depreciation of assets therefore it is a non cash expense and this is why it is added back to net income when preparing cash flow from operating activities.
Explanation:
Answer:
24.7215
Explanation:
Given;
Discount = 50%
Regular price, p = $8
cost of cake, c = $5
salvage value, s = 50% of $8 = $4
Mean = 20
Standard deviation, σ = 7
Now,
Underage cost, Cu = p - c
= $8 - $5
= $3
Overage cost, Co = c - s
= $5 - $4
= $1
P ≤ 
P ≤ 
P ≤ 0.75
The Z value for the probability 0.75 is 0.6745
The optimal stocking level = Mean + ( z × σ )
= 20 + 0.6745 × 7
= 24.7215
Answer:
small; standardized; little or no
Explanation:
A perfect competition is when there are many firms in an industry selling standardised or identical goods and services. It is characterised by many buyers and sellers . Sellers have small market share because of the large number of sellers in the market. Prices are usually set by market forces. Sellers cannot influence the price their products sell for , therefore, they are price takers.
There is little or no need for advertising as all firms sell identical goods.
I hope my answer helps you.
Answer:
Dr Cash $1,500
Cr Account Receivable $1,500
Explanation:
Based on the information given we were told that Adriana receives the amount of $1,500 from a client that was billed in a previous month for services provided which therefore means that the appropriate general journal entries that Adriana Graphic Design will make to record this transaction is:
Dr Cash $1,500
Cr Account Receivable $1,500
Answer: The correct option is C. One, zero.
Explanation:
When income elasticity is greater than one, it indicates that the quantity demanded is greater than the rise in income.
As quantity demanded increases, it will lead to a decrease in price to the extent that the percentage change in price will outweigh the percentage change in quantity demanded, meaning that the price elasticity is greater than zero.
When these two elasticities are combined, the resulting effect will be an increase in the level of consumer spending on smartphones.
