Answer:
None of these answers is correct.
Explanation:
A static budget is also referred to as a fixed budget. A static budget remains constant throughout a period regardless of changes in inputs. A static budget is prepared at the beginning of a period. It is an informed forecast of incomes and production in the coming year.
A flexible budget adjusts to changes in volumes or activity. A flexible budget is prepared using the actual activity level and incomes at the end of a period. A comparison is then made with the actual expenses to evaluate the performance for the year.
Answer:
D) 4
Explanation:
There’re 3 section in an cash flow statement: Operating, Financing, and Investing
These items to be allocated in the section of cash flow as followings:
a) Decrease in accounts receivable: Operating (added)
(b) Issuance of common stock : Financing
(c) Increase in interest receivable: Operating (subtracted)
(d) Purchase of land : Investing
(e) Decrease in accounts payable: Operating (subtracted)
(f) Gain on the sale of equipment Investing
(g) Depreciation expense: Operating (added)
(h) Payment of dividends: Financing
(i) Decrease in utilities payable: Operating (subtracted)
j) Increase in inventory: Operating (subtracted)
There’re 06 items in Operating as above, in which only 04 are to be subtracted from net income from operating cash flow
Answer:
1. Many people do not trust businesses that sell products online, especially if they are not familiar with the company’s name. Yet they will walk into a new business in their city and shop with little concern. What causes the difference in people’s views of online businesses versus traditional businesses?
The idea of interactive with a non human entity as a computer make people feel acquard as they distrust what are the final intentions of the person behind the e-shop. They also feel fear as ther dont know where they can go to complain about some deal gone wrong.
2. Do you agree with Dontae that it is easier to shop in an actual store in a mall than from the same business online? Why or why not?
No, it is easier to buy online as the person do not need to expend the same time an energy in going and buying from a mall
3. What is your opinion of Jillian’s comparison between entering a credit card number online and handing the card to a clerk who checks it using a telephone line from the store to the credit card company?
I agree, it is the same as buying online, as the clerk could commit a crime as well as the person that is in the telephone.
Chapter 2 Discussion
4. What do you think of Toni’s idea of downloading music for free? Do you think this is legal? How can Toni be sure that she is engaging in legal and ethical behavior when she uses the freemusic site?
Is a good idea and it depends in the type of page you are browsing. If the internet page has a disclaimer saying that the music that is offering is free to download and is legal there is no unethical behavor in it.
Explanation:
AnswER:
What do you need help with
Explanation:
Answer:
If an amount is zero. Marie has income of $193,200 and $193,200 basis in her 400 shares of stock and Ethan has income of $0 and $533,240 basis in his 1600 shares of stock.
Explanation:
Ethan has no income and Ethan contributed the following assets and basis value of such assets will be basis for 1600 shares of stock:
Basis of Ethan:
Note Receivable = 25,000
land = 50,000
Inventory = 458,240
Total basis = 25,000 + 50,000 + 458,240 = $533,240
We can now see Ethan has a total basis of $533,240