Answer:
<u>Dietz corporation cash budget for the first quarter </u>
Total Receipts :
Collections from Customers $199,800
Receipts from Sale of Equipment $3,240
$203,040
Total Payments :
Direct materials $46,440
Direct labor $75,600
Manufacturing overhead $37,800
Selling and administrative expenses $48,600
Purchase of securities $15,120
$223,560
Net Receipts/(Payments) ($20,520)
Opening Balance $32,400
Closing Balance $11,880
Required Balance $27,000
Loan (Shortfall) $15,120
Explanation:
A cash Budget shows the future estimate of future cash incomes and cash expenditures.
Answer:
SITUATION 1 2
a) Income tax payable currently. $14,000 $30,000
b) Deferred tax asset - balance at year-end. $1,800 $4,600
c) Deferred tax asset change dr or (cr) for the year. $800 $0
d) Deferred tax liability - balance at year-end. $0 -$1,800
e) Deferred tax liability change dr or (cr) for the year. $0 -$800
f) Income tax expense for the year. $13,200 $30,800
Explanation:
Note: See the attached excel file for all the calculations of all the answers a to f above.
The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.
The Downsloping Demand Curve is explained by each of them. Because marginal utility decreases as more of a thing are consumed, a consumer's demand curve for that product slopes downward.
Income Effect: The change in demand for a good or service brought on by a shift in a consumer's purchasing power as a result of a change in real income is known as the income effect.
Substitution Effect: The substitution impact is the decline in sales of a product brought on by customers switching to less expensive substitutes when the price of the product increases.
Diminishing Marginal Utility: The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value.
The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.
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Answer:
The answer is letter A.
Explanation:
They will be construed agains the party who drafted the contract. However, this rule only applies where one contracting party is in a superior bargaining position, usually either as a result of greater experience or the assistance of counsel.
Answer:
C.
Explanation:
The law of demand states that when the price of a good or service increases, the quantity demanded decreases and when the price decreases the quantity demanded increases (other things constant).
Is not option A because it says changes in income and not changes in prices. Is not option B because it says the opposite that the law of demand states: when the muffins price is low, Melissa buys fewer than when the price is high. Is not option D because the law of demand is not directly related with substitute goods. It is option C because when the price is low ($0.25) Dave buys more donuts than when the price is high ($0.50)
