Answer:
The multiple choices are:
a. $200 Million
b. $50 Million
c. $1.4 Billion
d. $100 Million
The correct option is A,$200 million
Explanation:
The increase in cash recorded from the statement of cash flows prepared in the year plus the opening balance of cash at the beginning of the year gives the cash balance at the end of the year shown below:
Increase in cash in the year=cash flow from operations+cash flow from financing activities-cash flow used on investing activities
increase in cash in the year=$325+($500-$100)-$600=$125 million
cash at the end of the year=$125
+$75=$200 million
Answer:
Revenues
Explanation:
The role of news organisations in political campaigns in recent times has been very significant.
Critics find it hypocritical because when paid to run political campaigns, news organisations do not reject lies by public officials, because they were paid for the air time.
For example, according to information from statistica, it estimates that more than 6 billion dollars were spent in the US Presidential elections campaign on broadcast TV in 2016.
Scrutiny would involve critical examination of the activities of this news organisations.
Answer:
The adjusting entry on December 31 of the current year for Plum would include:
E) A debit to an expense and a credit to a prepaid expense for $1,875.
Explanation:
On July 1 of the current calendar year, Plum Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1.
Management services fee per month = $7,500/24 = $312.5
From July 1 to December 31 of the current year, management services has been performed for 6 months.
The amount of Management services expense should be record:
$312.5 x 6 = $1,875
The adjusting entry:
Debit Management services expense $1,875
Credit Prepaid expense $1,875
Answer:
The correct answer is option c.
Explanation:
Inflation can be defined as a continuous and sustained increase in the general price level. There are several types of inflation such as cost-push and demand-pull inflation.
The rate of inflation can be calculated by finding the rate of change in the price level. The consumer price index is a tool that is used to measure the rate of inflation.
According to the official data, over the last 80 years, the inflation rate has averaged to 3.6% in the US. This means that the price level has increased by a rate of 3.6% in the last 80 years.
