Answer:
Cash used for financing activities 356,000
Explanation:
extinguish of bonds payable (375,000)
preferred dividends (31,000)
proceeds from TS 50,000
Cash used for financing activities 356,000
The conversion do nt involve cash, so it is not included in the cash flow statement.
The carrying ammount, gain and losses are not relevant for the cash flow statement.
We have to focus in the cash movements only.
It is open all days of the week
In a command economy, it is the b) government who decides what goods will be produced.
Answer:
B) the government could change taxes and expenditures rapidly.
Explanation:
Fiscal policy is the government's spending and taxation policies carried out to influence the country's economy. The government can carry out an expansionary fiscal policy by reducing taxes or increasing spending to try to boost the economy, or it can carry out a contractionary fiscal policy that increases taxes and reduces spending to try to cool down the economy.
Expansionary fiscal policies are carried out to try to increase total aggregate demand, but it also increases the government's deficit and national debt. The main gals of fiscal policy should be to lower unemployment rate and achieve a sustainable economic growth.
Answer:
18%
Explanation:
In this question, we use the DuPont Analysis which is shown below:
ROE = Profit margin × Total assets turnover × Equity multiplier
ROE = 6% × 2 × 1.5
= 18%
The total assets turnover is shown below:
= Sales ÷ total assets
= $230 million ÷ $115 million
= 2
Simply we apply the ROE formula in which the profit margin is multiplied with the total assets turnover and the equity multiplier
