Answer:
The correct answer to the following question will be Option C.
Explanation:
- Throughout the macroeconomic equilibrium, the aggregate supply curve becomes equivalent to something like the supply curve, the real GDP seems to be comparable to potential Output (GDP), however, if frictional as well as systemic unemployment seems to be the maximum total poverty throughout the longer term.
- Consequently, whenever the economy seems to be in macroeconomic equilibrium, the argument which is not accurate would be that the businesses would have excess power.
So that Option C is the right answer.
Answer:
Net cash flow from operating activities
$1,599,000
Explanation:
Pharoah Company
Cash flow from operating activities :
Net income $1,300,000
Net Cash flow from operating activities:
Add depreciation $208,000
Add accounts receivable decreased $455,000
Less accounts payable decreased ($364,000)
Net cash flow from operating activities $1,599,000
Answer:
I think ur answers are A, B, and C.
Explanation:
Hope this helps!
Answer:
Entry to record adjustment:
COGS Dr $9.4m
Inventory Cr $9.4m
Explanation:
The question relates to a change in accounting policy. According to IAS 8 (changes in accounting policy and estimate), a change in accounting policy is to be reflected retrospectively and prospectively, which means any changes should be implemented by bringing changes in the past records. Since CPS company has been using FIFO method, the inventory has been overstated in the financial statements. A shift to AVCO has resulted in a decrease in inventory value.
The value of inventory has to be reduced as a result of change in accounting policy (i.e $38m - $28.6m). This is the closing inventory so a reduction in the value of closing inventory results in an increase in cost of goods sold (COGS), therefore, the adjusting entry will be aimed at reducing inventory and increasing cost of goods sold, see as follows:
Entry:
COGS Dr $9.4m
Inventory Cr $9.4m
Answer:
Explanation: A. Shadow price has not changed because Shadow price show value of a commodity without considering final cost.
B. Change in value 180 - 150/180 X 100 = 16.7
C. The optimal solution didn't change because the product price went from it highest profit 180 to it's least cost 150
