<span>Under GAAP, cash receipts from interest and dividends are classified as operating activities. Operating activities are the main business activities for the company. The operating activities for the company are manufacturing, distributing, marketing and selling the product or service to consumers. </span>
Answer:
$5,000
Explanation:
The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;
Depreciation for the year= (Cost of asset-Residual value)/useful life
Cost of asset=$30,000
Residual value=$5,000
useful life=5
Depreciation for the year=($30,000-$5,000)/5=$5,000
Answer:
The loss on transfer of receivables is $960,000
Explanation:
Sales amount $12,000,000
Finance charge 3%*$12 million ($360,000)
Retention amount 10%*$12 million ($1,200,000)
Cash upfront $ 10,440,000
The recourse liability is $600,000,which means that additional liability of $600,000 would be incurred by Lacuna Inc, if the total amount from the receivables is not received owing to the fact that the factoring is with recourse.
The loss on transfer of receivables is shown as:
Finance charge $360,000
Recourse liability $600,000
total loss $960,000
Answer:
The answer is <u>"$110 billion".</u>
Explanation:
Firms increase their investment by $11 billion
mpc = 0.9
gdp = ?
To find the gdp, first we have to find expenditure multiplier;
we will find that by using the formula;
expenditure multiplier = 1/(1-0.9) = 1/0.1 = 10
Now gdp = 10 x $11 billion
= $110 billion
Thus the <u>gdp is $110 billion.</u>
The statement above is FALSE.
The correct sentence is this: Any person who knowingly submit false claims to the government is liable for THREE TIMES the government damages caused by the violator plus a penalty. This means that the violator will three fold of the damages he causes not five folds.
