Answer:
B
Explanation:
moneys always good motivation
Answer:i dont answer
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Answer:
$35,000
Explanation:
Requirement: Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method
Cash from Operating Activities
Particulars Amount$
Net income 6000
Add: Depreciation expense <u>50000</u>
Operating Cash Flow before 56000
Change in Working Capital
Add:
Decrease in inventory 3000
Increase in incomes taxes payable 7000 <u>10000</u>
Less:
Increase in accounts receivable 10000
Increase in prepaid Rent 8000
Decrease in accounts payable 7000
Decrease in salaries payable 6000 <u>-31000</u>
Cash from Operating Activities <u>$35000</u>
Answer: Option (d) is correct.
Explanation:
Correct option: Market price is greater than marginal cost.
In a perfectly competitive market, there are large number of buyers and sellers. So, price is determined by the market forces.
At a point of profit maximization, price is equal to the marginal cost and we have to maximize the difference of the total revenue and total cost. It was not seen in a perfectly competitive market that the price is above the marginal cost at a profit maximizing point.
Therefore, option (d) is not true.