The worlds first and modern bank opened during the 14th century in Florence, Italy and later many branches were established in other parts of Europe. Even though the banking system became very crucial in the 14th century, the Bardi and Peruzzi families were able to start and establish several branches during this century.
When asked about his headquarters, Linus Torvalds said that it was only in his room, on his computer on top of his standing desk.
He is the only person that work there.
Linux is a popular open source program. Which means all of it's products are created for free by programmers who are willing to contribute.
Answer:
The journal entry is given below:
Explanation:
Date Description Debit ($) Credit ($)
Dec 1 Cash 20,000
Accounts Receivable $(145000-5000)(1) 140,000
Merchandise Inventory* 101,700
Equipment** 81,200
Allowance for doubtful accounts 4,400
Payne, Capital 338,500
Note: 1) Since $5,000 of accounts receivables are irrecoverable, therefore, it is an expense, which decreases the accounts receivables amount.
* Merchandise inventory to be valued at a current year's ending price
** For partnership journal purpose, equipment is to be valued at net book value price rather than cost price.
Therefore, Payment's investment is $338,500.
Answer:
true
Explanation:
Finance people place greater weight on cash flows that net income.
Net income = total revenue - total cost
Cash flow is the movement of cash and cash equivalents in and out of an organisation.
Even though a company may be generating a positive net income, the positive net income may not be from sustainable sources, so it is for this reason that cash flows are examined.
also, cash flows are less subject to manipulation when compared with net income.
It is for these reasons that finance people place more importance on cash flows
Answer:
The correct answer is option C.
Explanation:
A budget line shows the maximum possible bundles of two goods that a consumer can afford by spending his whole income. Both the axes represent two different commodities and the consumer income and price of commodities are given.
A decrease in income will decrease the purchasing power of the consumer. While the price of the two products remains the same, the consumer will be able to afford less quantity of both.
This will cause the budget line to shift inward to the left.