In order to make it a source of wealth it required slave labor
Answer:
1. Cash at December 31, 2017 is $413,000.
Explanation:
As per IAS-7, which deals with the Statement of Cash Flow, the year end Cash balance should be calculated as follows under indirect method:
Cash opening balance
Add: Net cash provided by operating activites
Less: Net cash used by investing activities
Add: Net cash provided by financing activities
Note: The terms "Provided" and "Used" are the basis of addition and subtraction.
<u>Calculation</u>
300,000 + 486,000 - 932,000 + 559,000 = $413,000.
Answer:
The correct answer is d. few firms possess superior capability in all primary and support activities.
Explanation:
Outsourcing shifts tasks, operations, jobs, or processes to an external workforce, by contracting with a third party for a significant period of time. A major reason outsourcing is effective is that some firms might not be capable to perform all secondary and primary activities. A company may implement a new process and outsource the work to trained workers, instead of investing the time, money and effort to train and maintain internal workers.
Answer:
Fink's revenue from insurance premiums for the current year is: $13,500,000
Explanation:
Insurance premiums recognised for the current year -
Insurance collected + Beginning Deferred premiums account - Ending Deferred premiums account
= $ 17,900,000 + 4,000,000 - 8,400,000 = $13,500,000
