Major benefits of business in the local economy include a boost in employment and discretionary income in the community, tax income increases for local governments and a loyal customer base for businesses.
Answer:
Cash provided by operating activities is 89.000
Explanation:
The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.
It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)
Notice the amounts of any decreases are in parentheses.
Net income 65.000
Adjustment to reconcile the net income to cash
+ Depreciation expense 8.000
+ Current assets decrease 7.000
+ Current liabilities increase 9.000
Net cash 89.000
Answer:
Third one....The interest rate on your savings account will vary over time and be set by the government
Earn interest at a norminal rate.
Answer:
a)
Explanation:
Mutual funds are investment companies called AMC( asset management companies ) that gather funds from public by issuing units. These funds are then invested in financial securities and financial instruments likes bonds and shares. Mutual funds are managed by financial experts and are less risky for common public than direct investment in stock market.
Answer:
a. Assets = Liabilities + Stockholder's Equity
Assets = Cash (7,000,000*$47) = -$32,90,00,000
b. Liabilities = No Effect
c. Stockholder's Equity = -$32,90,00,000
