In this situation, Bond's Gym is experiencing excess demand , because it has reached the maximum number of monthly memberships that can be sold, but there are still a large number of new customers who want to join. The term Excess demand denotes situation in which there are too many applicants who want to join the gym.Excess demand usually spurs the price higher.
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Answer:
Cash flow from operating activities $141.8
Explanation:
Cash received from customers during the reporting period
A.Sales $ 545.0+ 22.0 Decrease in accounts receivable = $567
B.
Cash paid to suppliers of the goods
Cost of goods sold 218.0 +Increase in inventory 93.0 +Decrease in accounts payable 56.0 =$367
C.
Cash paid to employees
Salaries expense $ 65.0 -Increase in salaries payable 37.0 = $28
D.
Cash paid for insurance
Insurance expense 42.0 -Decrease in prepaid insurance 17.0 =$25
E.
Cash paid for income tax
Income tax expenses 91.0 -Increase in income tax payable 85.8 =$5.2
(2)
Cash received from customers during the reporting period $567
Cash paid to suppliers of the goods ($367)
Cash paid to employees($28)
Cash paid for insurance ($25)
Cash paid for income tax ($5.2)
Cash flow from operating activities $141.8
<u>E)</u><u> As an expense on the income statement.</u>
<h3><u>An expense is what?</u></h3>
The operating costs incurred by a business in order to produce revenue are referred to as expenses. According to a proverb, "making money costs money."
Paying suppliers, paying employees, leasing facilities, and depreciating equipment are examples of frequent costs. Businesses are permitted to deduct tax-deductible expenses from their taxable revenue on their income tax returns in order to reduce their tax liability. However, there are tight guidelines set forth by the Internal Revenue Service (IRS) regarding which costs companies may deduct.
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Answer:
Annual depreciation= $300
Explanation:
Giving the following information:
Purchasing price= $1,450
Salvage value= $250
Useful life= 4 years
F<u>irst, we need to determine the annual depreciation for the whole year using the following formula:</u>
<u></u>
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(1,450 - 250) / 4]
Annual depreciation= $600
<u>Now, for 6 months:</u>
Annual depreciation= (600/12)*6= $300
Answer:
SOCIAL ZONE
Explanation:
Social Zone is the distance adopted by individuals usually in a formal relationship like in this case, Sansa the salesperson and the buyer. The social zone is defined as the area of 1.25 to 3.5 m (4–11½ ft) from a person. Given the average width if a desk is between 0.7 to 1.5 m, they are well within the stated range for the social zone.
It is the distance an individual leaves between themselves and another individual.
Another common example apart from salesperson and buyer is the distance between a client and his lawyer.