Answer:
b. A deduction from net income in determining cash flows from operating activities.
Explanation:
An increase in prepaid expenses is deducted from Net Income. The reason behind it very simple and no rocket science is there. Lets take Insurance as a prepaid expense. You Paid in-advance for Insurance, it increase your current asset that is Prepaid Insurance BUT at the same time cash went out of the Business.
I hope I made it clear to you. If you still have any queries, feel free to ask me.
Thanks!
Answer: off price retailers
Explanation: In simple words, it refers to the retailers that sells high quality products at relatively lower prices than market. The key to their business structure is the discount they offer as the majority of product they sell are of second hand quality or are off seasoned.
They procure material directly from the suppliers in the form of scrap etc and then sells it to retailer at heavy discounts. Hence from the above we can conclude that the correct answer is off price retailers.
Answer:
Monthly payment is $840.12
Explanation:
we are given: $70000 which is the present value of the loan Pv
12% compounded monthly where the interest rate is adjusted to monthly where i = 12%/12
the period in which the loan will be repaid in 15years which contain 15x12 = 180 monthly payments which is n
we want to solve for C the monthly loan repayments on the formula for present value as we are looking for future periodic payments.
Pv = C[((1- (1+i)^-n)/i] thereafter we substitute the above mentioned values and soolve for C.
$70000= C[((1-(1+(12%/12))^-180))/(12%/12)] then compute the part that multiplies C in brackets and divide by it both sides.
$70000/83.32166399 = C then you get the monthly loan repayments
C = $840.12 which is the monthly repayments of the $70000 loan.
Answer:
Downward communication
Explanation:
Downward communication in a formal structure is the flow of information in terms of orders, appreciation, encouragement from higher authority to subordinates across the organization.
Upward communication in the form of feedback and problems flow from lower level employees to upper level. Here, the board of directors are top level employees who have passed the message to the employees to raise the level of service. This is a form of downward communication.
