Answer:
Option A
Explanation:
With respect to the market clearing price and the equilibrium quantity for good X, an increase in the demand for and a decrease in supply of the good definitely will increase the market clearing price of good X but have an uncertain impact on the equilibrium quantity of X.
Answer:
$339,000
Explanation:
Computation of operating activity as is as seen below;
= Net income + Depreciation + Accounts receivable + Inventories decrease - Prepaid expenses + Accounts payable increase
= $245,000 + $40,000 + $12,000 + $35,000 - $1,000 + $8,000
= $339,000
Therefore, the sum of $339,000 was provided as cash for operating activities.
Answer:
$ 61,000
Explanation:
Calculation for the amount that Firm ABC should report as retained earnings as of March 1, 2021
Retained earnings Balance $ 85,000
Less: Shares issued ($9,000)
(1500 *$6 per share)
Less: Net Loss ($15,000)
Ending Balance $61,000
Therefore the amount that Firm ABC should report as retained earnings as of March 1, 2021 will be $61,000
Answer:
Features of Public Limited Company:
Easy Transferability.
Perpetual Succession.
Limited Liability.
Paid-Up- Capital.
Name.
Directors.
Prospectus.
Borrowing capacity.
Explanation:
You can expect them to bring their promises to fruition