Answer:
-$210,000
Explanation:
Issued Common Stock at par for Cash $250,000
Less:
Declared and paid a cash dividend $20,000
Repayment of 6-year note payable $440,000
Net Cash provided by Financing Activities ($210,000)
Answer:
a professional organization
Explanation:
A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.
A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.
Production possibilities curve shifted outward
Answer:
In the cost-push model inflation is caused by owners of resources (including labor) increasing their prices that result in increases in product prices throughout the economy.
Explanation:
Inflation is an increase in the price of goods and services caused by a number of factors in the economy. There are two major types of inflation models;
<em>1. Cost-push inflation</em>
A cost-push inflation is an increase in prices caused by an increase in the production cost. The increase in production cost can be caused by items such as; cost of labor, raw materials or resources that are useful in the manufacture or operation of other products. This increase in production cost in turn increases the product prices of its associated products.
<em>2. Demand pull inflation</em>
Demand pull inflation is an increase in prices caused by an increase in the demand for the product. When the consumer demand for a certain product increases, the price of the particular product also increases. This is majorly due to the fact that a high demand causes the available supply to diminish leading to limited resources. When the demand supersedes the supply, consumers are willing to pay higher for the product.
Answer:
b) $22, 326 and $16, 900
Explanation:
The computation is shown below:
Budgeted cash sales
July cash sales
= $15,000
August sales
= July sales + July cash sales × monthly increase
= $15,000 + $15,000 × 22%
= $15,000 + $3,300
= $18,300
September sales
= August sales + august sales × monthly increase
= $18,300 + $18,300 × 22%
= $18,300 + $4,026
= $22,326
Budgeted credit sales
July cash sales
= $10,000
August sales
= July sales + July cash sales × monthly increase
= $10,000 + $10,000 × 30%
= $10,000 + $3,000
= $13,000
September sales
= August sales + august sales × monthly increase
= $13,000 + $13,000 × 30%
= $13,000 + $3,900
= $16,900
