Answer:
Net cashflow from operating activities =$7,726
Explanation:
The net cash flow from operating activities would be the sales revenue less net purchases.
<em>The net purchases = total purchases - less the purchases returns</em>
12,500 - 1,200 =11300
<em>The amount due on the purchases less discount</em>
The term 2/10, n/30 implies that the company would get a discount of 2% should it pay within 10 days other it would pay the gross amount due at later date but on or before the 30th day.
Payment due less discount = 98%× 11300 = 11,074
Net cashflow from operating activities = Net sales - purchases
=18,800 - 11,074 = 7,726
Net cashflow from operating activities =7,726
Answer and Explanation:
5) the government cuts expenditures.
Answer: D. an understatement of expenses and an overstatement of owners' equity
Explanation:
If a purchase of merchandise was not recorded, it would mean that Purchases being <u>an expense</u> that contributes to the Cost of Goods sold would be understated.
This understatement would mean that the the Net income is overstated because the purchase expenses were never deducted from it. Net Income is part of owners' equity so if it is overstated, so is owners' equity .
Answer:
Increases; higher
Explanation:
Skill-Biased Technology Change can be referred to as a shift in the production technology that takes preference of high skilled labour or workers over unskilled labour or workers.
This is achieved by increasing its relative productivity and, therefore, its relative demand.
Also, human capital is the accumulated knowledge (from education and experience), skills, and expertise. When education advancement reduces human capital reduces which at the long run reduces the number of skilled labours.
If there's a reduction in the number of skilled labours, then firms and organisations will be willing to pay huge sum of keep their available skilled labour and to hire new ones.
Answer:
C Certain groups of employees only
Explanation:
The tax sheltered annuity is a special tax regarding the retirement plan that available to a specific employees group only that engaged in non-profit, education, other 501c3 organization etc
So according to the given situation, the option C is correct as it fits to the situation
Therefore the other options are wrong
