The correct answer is two years.
A presidential appointee is required by law to spend about two years on the job before being allowed to leave that job and pursue some other careers. Every president has done that according to the American law and politics.
Answer:
The impact on cash flow from operations in the current year based on the changes in operating assets and liabilities is:
a. -200
Explanation:
a) Data and Calculations:
Prior Year Current Year Changes
Accounts receivable 1,725 1,825 $100
Inventories 1,535 1,785 $250
Accounts payable 1,325 1,475 $150
b) Accounts receivable increased by $100, thereby reducing cash inflows. Inventories increased by $250, thereby reducing cash inflows. Accounts payable increased by $150, thereby increasing cash inflows. The net effect or impact is a reduction of $200 in the cash from operations.
Answer:
$108,000
Explanation:
For computing the accumulated depreciation for the end of the second year
First we have to find the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 10
= 10
Now the rate is double So, 20%
In year 1, the original cost is $300,000, so the depreciation is $60,000 after applying the 20% depreciation rate
And, in year 2, the depreciation is
=($300,000 - $60,000) × 20% = $48,000
So, the accumulated depreciation at the end of the second year is
= $60,000 + $48,000
= $108,000
Answer:
C. Relevant range of production
Explanation:
Answer:
The mississippi college savings account program helps children save for more expensive schools by starting a savings account at a very young age.
The Mississippi College Savings Account Plan is helping bridge the economic drive by allowing the students to become familiar with the banking service, getting them used to the banking system and saving accounts.
