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3 years ago

The income statement of Pharoah Company is shown below.

Business

1 answer:

Alexus [3.1K]3 years ago

8 0

Answer and Explanation:

The preparation of the operating activities section of the statement of cash flows for the year ended December 31, 2020 is presented below;

Cash flow from operating activities

Net income $1,580,000

Add: depreciation expense $58,970

Add: decrease in account receivable $313,770

Less: Increase in prepaid expense -$167,640

Less: Decrease in account payable -$279,000

Less: decrease in accrued expense payable -$124,020

Add: Decrease in inventory $380,000 ($1,880,000 - $1,500,000)

Cash flow provided by operating activities $1,762,080

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Answer:

Language differences that make communication challenging among employees and managers.

Cultural diversity that affects the code of conduct of business.

Explanation:

Multinational firms are firms that operates and transact business activities outside their country of incorporation.

Despite the advantages of an extended reach and flexibility in operation , it also faces some challenges.

Language differences as different ethnics and culture are involved ,brings a challenge in communication between employees and manager. Citizen of a francophone nation will struggle to communicate with another from an anglophone country.

Another challenge as mentioned in the question is that the code of conduct could be also be affected due to cultural diversity.

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3 years ago

Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main mat

Snowcat [4.5K]

Answer:

Standard direct labour cost = $20.00 per hour

Explanation:

The direct labour costs represent expenditures incurred in respect of direct worker which can be traced to the product been produced. For example, the labour cost of machine operator saddled with production task.

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Standard direct labour cost = $20.00

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3 years ago

Economists say that making choices involves comparing

dimulka [17.4K]

Answer:

Marginal benefits and marginal costs.

Explanation:

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3 years ago

Suppose that consumer income increases and that ground meat is an inferior good. Which of the following will occur in the market

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Answer:

d. Market clearing price will fall, and equilibrium quantity will fall.

Explanation:

Inferior goods are those goods which do not behave normally to market.

As with increase in consumer spending capacity, their demand decreases.

Accordingly with decrease in demand , the prices will fall.

Thus, either Statement b is correct or statement d.

Since demand and price both tend to fall, the equilibrium quantity will fall for the same, as the demand will be low, the equilibrium quantity will fall to meet the demand level.

Thus, Statement D is correct.

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But the question is how much will she save? To get the answer just follow this: 3165.00 - 3086.95 = $78.05

Therefore, Chloe saves $78.05

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3 years ago