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Answer:
The corresponding budgets in column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A are matched in the explanation below
Explanation:
1.) Budgeted Income Statement
E.) Sales Budget
2.) Budgeted Balance Sheet
D.) Payables Budget
3.) Cash Flow Budget
A.) Direct Materials Budget
4.) Cost of Goods Sold Budget
B.) Cost of Goods Sold Budget
5.) Production Budget
C.) Production Budget
Answer:D
Explanation: A perfect competition is characterised by identical product and no barriers to entry. Products are perfect subsistuites.
The HHI index is used to measure the market power and therefore concentration of firms in the market.
An index less than 1000 indicates the firm isn't concentrated
An index between 1000-1800 indicates moderate concentraruon
An index of over 1800 indicates high concentration
An oligopoly is when there are a few numbers of firms in a market that are interdependent.
Answer:
a. $2400 debit balance.
Explanation:
Cash is an asset (a resources owned/controlled by an entity as a result of a past event, for which future benefits will be enjoyed by the company). As such, like other assets, cash normally has a debit balance.
The debits to cash represents the inflow of cash while the credit entries represents the outflows from the cash account.
Account balance = $5600 - $3200
= $2400
The debits are more than the credit hence net balance is a debit.
