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ddd [48]
3 years ago
9

what statement is true? A. saving are a leakage in the circular flow of income B. Households pay wages to businesses C. Exports

are leakages in the circular flow of income. D. Taxes paid to the government have no direct effect on the economy.
Business
1 answer:
weqwewe [10]3 years ago
7 0

The correct statement is B. Household pay wages to businesses

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Sheffield Corp. sold some of its plant assets during 2021. The original cost of the plant assets was $904000 and the accumulated
JulsSmile [24]

Answer:

The correct answer is Option C.

Explanation:

In the indirect cash flows statement, there are 3 sections, namely: net cash flows from operating activities, net cash flows from investing activities and net cash flows from financing activities.

The items in the question only affect the first two. Under the net cash flows from operating activities, we need to subtract the gain realized from the disposal of the plant assets from net income, which is Sales proceed minus Net book value, i.e., $90,800 - ($904000- $843000) = $29,800.

The sales proceed is $90,800. This would be recognized as cash inflow under net cash flows from investing activities.

8 0
3 years ago
Vhich of the following is a description of a pullback device?
MrMuchimi

Answer:

Explanation:

A

8 0
3 years ago
A company could improve its acid-test ratio by selling some equipment it no longer needs for cash. a. True b. Flase
kari74 [83]

Answer:

true

Explanation:

acid test ratio can be calculate by ( Current assets – Inventory ) / Current liabilities. Ideally, the acid test ratio should be 1:1 or higher, however this varies widely by industry. In general, the higher the ratio, the greater the company's liquidity. by selling up equipment in exchange of cash, the will assist the company to be able to handle its current liability with the cash injection into the entity.

3 0
2 years ago
Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl
polet [3.4K]

Answer: 12.5 times

Explanation:

The accounts receivable turnover tells you how effective your company's collection mechanism is.

Accounts Receivable turnover = net credit sales/accounts receivables

= 8500000/600000+760000 = 12.5 times.

5 0
3 years ago
One function of a firm to its employees is to provide them with proper working conditions and pay them accurate wages and salari
Juliette [100K]

Answer:

true

Explanation:

6 0
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