Answer:
Investing cash flow from current year = -$250,750. This means that the company invested $250,750 in purchasing new equipment and land during the year.
Explanation:
cash flow from investing activities = money received from the sale of assets - money spent purchasing new assets
- money received from the sale of assets = $175,000
- money spent purchasing new equipment = plant & equipment year 20x1 - plant & equipment year 20x2 + cost of old equipment = $1,000,000 - $1,025,000 + $225,000 = $200,000
- money spent purchasing new land = land 20x2 - land 20x1 = $725,750 - $500,000 = $225,750
Cash flow from investing activities = $175,000 - $200,000 - $225,750 = -$250,750
Answer:
"System administrators" is the right approach.
Explanation:
- The system administrator seems to be an entity that maintains or operates a multi-standard technology environment and ensuring that Its resources and operating structures operate consistently and optimally.
- It has been used throughout the broad organization to identify each administrator concerned for such a specialized IT system, including one which services servers.
Answer:
Policies consistent with the goal of increasing productivity and growth in developing countries are:
1. Protecting property rights and enforcing contracts
2. Providing tax breaks and patents for firms that pursue research and development in health and sciences
Explanation:
To increase productivity and growth in developing countries, it is important that developing countries enhance the mechanisms for protecting property rights and enforcing contracts. These are the bases for attracting more foreign direct investments. The court system should be a system where justice is obtained and a system which can enforce the rights of individuals to own property. Without this basic ingredient, foreign direct investments will be hard to attract.
Answer:
<u>debited</u>
Explanation:
Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.
When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.
As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:
Wilma's Capital A/C Dr. $45000
To Cash A/C $45000
For the remaining balance, Wilma shall be paid in cash as follows,
Wilma's Capital A/C Dr. $5000
To Cash A/c $5000
(Being settlement of a retiring partner's capital account being recorded)
