Answer:
Cash flows from operating activities:
Net income $52,000
Adjustments to net income:
- Depreciation expense $30,000
- Accounts receivable increased by ($25,000)
- Inventories increased by ($5,000)
- Accounts payable decreased by ($18,000) <u>($18,000)</u>
Net cash flow provided by operating activities $34,000
Answer:
$82,400
Explanation:
Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.
$69,200 = $15,600 + purchases - $28,800
Purchases = $82,400
Answer:
Explanation:
At some colleges and universities, economics professors receive higher salaries than professors in some other fields.
A. Why might this be true?
Economists have a higher opportunity cost working in academia than professors in other fields because in certain fields that are different from academic,there is a lack of labor opportunity for professor and even when such arise ,they are difficult to get and another reason may be that economists who are good in some fields may employ themselves in other firms with higher wages because of their real life first hand experience, even when some colleges and universities wants to hire them, got to spend a greater amount of money than for professors in some other fields.
B. Some other colleges and universities have a policy of paying equal salaries to professors in all fields. At some of these schools, economics professors have lighter teaching loads than professors in some other fields. What role do the differences in teaching loads play
In order for university to employ working force which is hard to find, they put in place differences in teaching loads ,such differences in teaching load are intended to attract economics professors by providing nonmetary compensation
The answer is functional.
Functional groups in working context, means a group of people that are categorized by their work function – or more specifically the specialized work field that they are responsible for.
This is apparent in the example, with classifications such as accounting department and customer service department. Other examples would be marketing department and research & development department.
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