Answer:
2) the gold rules principle
Explanation:
The gold rules principle is important because companies maximize their profits when marginal revenue = marginal costs. That is why the revenue-cost relationship is so important, because higher revenue will only generate higher profit if costs are under control.
The free enterprise system can produce unfavorable effects when they reduce competition and protect inefficient competitors.Also,results are annoying when costs of legal intervention are greater than benefits for the consumers.
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Answer:
a.
Explanation:
Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement.
Examples: Revenue earned, expenses incurred etc.
There are two methods to prepare the cash flow statement. The only difference between both the methods is the way of presenting cash flow from operating activities.
The two methods of presenting cash flow statement are:
- Direct method: Operating activities section under direct method reports the amount of cash received and paid by the company during the period.
- Indirect method: Operating activities section under indirect method reports the net income and later adjusts the transactions to convert it to cash basis of accounting.
Depreciation expense is a non-cash operating expense. Thus, it is added back to the net income to derive net cash inflow from operating activities section of the cash flow statement.
Answer:
In simple words, To include a tax rate and an entity the following steps will be followed, type:
1. Pick Taxes from of the left menu.
2. Pick Add/edit taxation rates and departments from the Related Tasks page on the right.
3. Pick either a separate or a blended tax rate and click New.
4. Give the tax a title, the corporation to which you would pay it, and the taxation rate percentage
5. Click the Save button.
