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The memo explaining the business performance findings from the statement of cash flow will entails:
- address of the receiver
- subject of the memo
- body of the memo.
<h3>What is a
statement of cash flow?</h3>
This refers to the financial statement that shows how changes in balance sheet accounts and breaks the analysis down to operating, investing and financing activities.
Hence, the memo will inform Ms Loki about business performance findings especially on the cash position of the business such as the inflow and outflow of cash from the firm.
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Answer:
The asset turnover is 1.44 and return on assets is 0.37%
Explanation:
Average Total assets
Assets in the beginning $24,590
Assets at the end $23,300
Average assets $23945
Sales $34,450
Divide: Average assets $23945
Assets turnover ratio 1.44
Net Income $89
Divide: Average assets $23945
Return on assets 0.37%
Therefore, The asset turnover is 1.44 and return on assets is 0.37%
Answer:
Quantity demanded for balloons will increase.
Explanation:
According to the law of demand, there is an inverse relationship between the price of the commodity and the quantity demanded for that commodity.
This means that if there is an increase in the price of a good then as a result the quantity demanded for that good decreases and on the other hand if there is a fall in the price of a good then as a result the quantity demanded for that good increases.
Therefore,
Fall in the price of balloons will lead to increase the quantity demanded for balloons.
The answer to your question is IRS
