Answer:
b. $2,536,000
Explanation:
The computation of the net cash flows from financing activities is presented below:
Cash flows from financing activities
Cash payment on dividend declared -$186,000
Sale value of treasury stock $300,000
Cash paid to retire of long term bond -$2,650,000
Net cash flows used by financing activities -$2,536,000
The cash outflow is in negative sign whereas the cash inflow is in positive sign
A
perpetual inventory system is an effective means of control over inventory. When a sale is made, under this system, both the
sale and cost of merchandise sold are recorded. In case that merchandise is
returned to the supplier, the Cost of Merchandise Sold is not debited as part
of the transaction. Therefore the above statement is FALSE.
The statement given in the question is (A) True.
Transactional leadership is defined as a leadership style that emphasizes rewards and punishments on behaviors that the followers exhibit. This style of leadership seeks to maintain the status quo.
Its contrast is <em>transformational leadership</em>, where the leader works with teams to problem-solve and bring a vision into reality by directly involving themselves.
Answer:
The correct answer is option d.
Explanation:
In a perfectly competitive market, it is assumed that the buyers and sellers have perfect information and take their economic decisions accordingly. But in reality, buyers and sellers do not have perfect information.
Information comes at a cost, which can sometimes be high. The rational decisions of the consumers without full information can lead to irrational outcomes.
If the cost of gathering information is less than or equal to the benefit earned from the information, the consumers will gather information and make fully informed decisions.
But if the cost is higher than the benefits, the consumers will not gather information and make a less informed decision.
Answer: $315,000 deferred tax asset
Explanation:
The amount that Dwyer should record as a net deferred tax asset or liability for the year ended December 31, 2007 will be calculated thus:
= ($2400000 – $1500000) × 35%
= $900000 × 35%
= $900000 × 35/100
= $900000 × 0.35
= $315000.
Therefore, the answer is $315,000 deferred tax asset
