Answer:
Figure is given below.
Explanation:
The graph of United states and china is as follows :
Answer:
No, it is not a violation of the <em>law of demand</em>, hence why it is a "law."
Explanation:
During summer months, the demand for beach resorts increases. This is <u>different</u> from an increase in <em>quantity</em> demanded. The curve is shifting instead, towards the right, while the supply is stable. Since the demand curve shifts right, the price will increase to restore market equilibrium.
It is best to draw a graph for these questions, and know your demand determinants.
Answer:
$73,000
Explanation:
Equipment net book value (NBV) = $80,000 - $60,000 = $20,000
Loss on sale of equipment = NBV - Sales proceed = $20,000 - $17,000 = $3,000
Net operating cash flows for 2019 = Net income - Loss on sale of equipment = $76,000 - $3,000 = $73,000
Answer:
$41,900
Explanation:
Net income. $58,000
Non-Monetary terms
Gain on sale of plants ($6,000)
Depreciation expense. $13,000
Changes in working capital:
Current assets increase. ($22,000)
Current liabilities decrease ($1,100)
Net cash provided by (used for) operating activities is $41,900
Answer:
IBM
Journal entries at the inception of the lease
Date Account Titles & Explanation Debit Credit
January 1
Debit Accounts receivable (Sharon Swander Company) $182,000
Credit Leased Asset $182,000
To record the lease of the asset to Sharon Swander.
January 1
Debit Cash $35,685
Credit Accounts receivable (Sharon Swander Company) $35,685
To record the receipt of the first rental payment.
Explanation:
a) Data and Calculations:
Cost of equipment on lease = $182,000
Lease terms:
Lease period = 6 years
Annual rental payments = $35,685
Implicit interest rate = 7%
