Answer:
the amount must be borrowed is $8,900
Explanation:
The computation of the amount must be borrowed is shown below:
Opening cash balance $19,900
Add: cash receipts $244,400
Less: cash disbursements -$253,300
Cash balance after disbursements $11,000
Minimum monthly cash balance $19,900
Amount to be borrowed $8,900
hence, the amount must be borrowed is $8,900
Answer:
Yes.
Explanation:
Yes, the claim of statement ''The study claims that average price of foreign cars is more than average price of domestic cars.'' is correct because the cars which is imported from foreign countries have high duty on them. This duty tax on these cars make them very expensive while on the other hand, the domestic cars have no duty on it so they are lower in price as compared to foreign cars.
Answer:
A. Asset exchange transaction
B. Asset exchange transaction
C. Investing activity
D. Investing activity.
Explanation:
In the question, the Riley company paid cash to Smally company, and the Smally company paid the amount for the land.
So,
A. For Riley company, it is an asset exchange transaction as the asset exchanges between Riley and Smally company.
B. For Smally company it is an asset exchange transaction as the asset are the exchange between Riley and Smally company.
C. Investing activity. As the Riley company deals in the purchase and the sale of the fixed assets.
D. Investing activity. As the company deals in the purchase and the sale of the fixed assets.
Answer:
$737,000
Explanation:
The computation of the current earnings and profits this year is shown below:
= Taxable income - federal income tax paid - disallowed entertainment expenses + tax-exempt interest - net capital loss
= $1,200,000 - $408,000 - $25,000 + $20,000 - $50,000
= $737,000
Since we add the exempted interest and deduct all other expenses, losses, and taxes to the taxable income so that accurate value can come
Answer:
The correct answer is a. more elastic demands.
Explanation:
There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.
The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.
The factors that influence the demand for a good to be more or less elastic are:
1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.
2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.
