A voucher has the following features:
Voucher is a written documentary evidence.
It supports the entry which appears in the company’s books of accounts.
It also justifies the correctness of the entries made in the books.
Vouchers are pre-numbered, which helps in simplifying the audit trail.
Vouchers state the complete details of the transaction
Vouchers contain true and complete details of the transactions
It is prepared by the firm’s accountant and also countersigned by the firm’s accountant.
It is used for internal accounting control, which makes confirm that every transaction is duly authorized.
It is prepared at the time the transaction takes place.
Some of the supporting documents in a voucher can include:
Invoice received from the supplier.
Terms for payment including the amount owed, the due date of voucher, and any discounts granted by the supplier for paying the invoice early.
Vendor or supplier name to whom it is to be paid.
The company's purchase order.
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According to the keynesian consumption function, an increase in disposable income will result in?
According to the keynesian consumption function, an increase in disposable income will result "an increase in consumption".
What is keynesian consumption function/consumption function?The consumption function, often known as the Keynesian consumption function, is now a mathematical expression expressing the functional connection between total expenditure and gross domestic product.
Some characteristics of keynesian consumption function are-
John Maynard Keynes, a British economist, introduced it and said it could be used to monitor and foresee total aggregate consumption spending.According to the traditional consumption function, changes in income and consumer spending are entirely correlated. If this were the case, aggregate savings ought to rise proportionately as the GDP does over time. The goal is to establish a mathematical link between consumer spending and disposable income, but only at the aggregate level.One of the pillars for Keynesian macroeconomic theory is the consistency of either the consumption function, which is based in part upon Keynes' Psychological Law to Consuming and is particularly striking when compared to the volatility of investment. The majority of post-Keynesians acknowledge that because spending patterns vary as income increases, so consumption function is just not long-term stable.To know more about consumption function, here
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When a buyer acquires inputs from a seller through an informal relationship, it is called:__________
When a buyer acquires inputs from a seller through an informal relationship, it is called Spot Exchange.
What is Spot Exchange?The price at which a person might currently exchange one currency for another, for delivery on the earliest feasible value date, is known as the spot exchange rate.Cash delivery for spot currency transactions typically occurs two business days following the transaction date (T+2), which is the conventional settlement date.The best way to think of the current exchange rate is as the cost in one currency to purchase another at any given time. Spot rates are typically decided on the forex market, which is a global clearinghouse for currency merchants, organizations, and nations.With trillions of dollars changing hands every day, the FX market is the biggest and most liquid market in the whole world. The US dollar, the euro, the British pound, the Japanese yen, and the Canadian dollar are the currencies that are exchanged the most. Numerous nations in continental Europe, notably Germany, France, and Italy, use the euro.To learn more about Spot Exchange with the given link
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Taylor is analyzing the effects of wage rates on the supply of laptop computers. by using the ceteris paribus assumption, taylor is?
• Holding wage rates constant
In the Ceteris Paribus assumption, influencing factors are kept constant while the rest of all the factors are set equal so in this above statement wage rate is the influencing factor so this factor will be constant
For example:
As we know that with an increase in wage rate supply of laptop computers will increase or will change before then therefore the change in wage rate is directly influencing the supply of laptops.
While all other retail and supply-demand factors are kept constant. So as we know that according to the Ceteris assumption:
If coke's price will increase its demand will be reduced and the price is an influencing factor that in that condition it should be set to be stable or constant.
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A fall in the u. s. interest rate differential ______ the demand for u. s. dollars
A fall in the U.S. interest rate differential decreases the demand for U.S. dollars.
Demand for the dollar is typically excessive as it is the world's reserve foreign money. other elements that have an effect on whether or not or not the dollar rises in value in evaluation to every other foreign money encompass inflation prices, change deficits, and political balance.
Higher interest rates have a tendency to attract foreign investment, growing the demand for and cost of the house American foreign money. Conversely, decrease interest prices have a tendency to be unattractive for foreign funding and reduce the forex's relative fee.
The cost of money is decided through the charge stage. If prices inside the u.s.a. upward thrust faster than the ones of different nations, people will typically count on the foreign exchange value of the U.S. dollar to fall. call for U.S. dollars will lower and delivery will increases.
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Employers not infrequently ""mislabel"" employees as independent contractors in order to?
Employers do not infrequently "mislabel" employees as independent contractors in order to avoid liability for payroll taxes.
Employers label employees as "independent contractors" as this would reduce overall liability for payroll taxes.
Independent contractors are not permanent employees, nor are they eligible for employee benefits. These employees who are not on the payroll of the company do not enjoy certain benefits which are given to permanent employees of the company.
Independent contractors provide goods or services under contractual terms negotiated with their employer. Independent contractors are not employees and are therefore exempt from most federal labor laws. People such as doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers, or auctioneers.
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The current trend in state spending indicates that local governments will be picking up a ______ share of the cost of providing services to the citizens of texas in future.
The current trend in state spending indicates that local governments will be picking up a greater share of the cost of providing services to the citizens of Texas in the future.
The Texas charter divides kingdom authorities into 3 separate but same branches: the executive branch, headed by the governor; the judicial branch, which includes the Texas splendid court and all state courts; and the legislative department, headed by using the Texas Legislature, which includes the 150 contributors of the residence of representatives and the 31 individuals of the state senate.
There are three easy varieties of neighborhood governments in Texas—metropolis, county, and unique districts. a few cities and cities are referred to as municipal- ties. If a city government carries a manner of citizen request, it's far considered as a municipal government.
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Vitalink company does marketing research and then plans, creates, and places various forms of paid communications about its clients' products and services. vitalink company is a(n) _____
Vitalink company does marketing research and then plans, creates, and places various forms of paid communications about its clients' products and services. vita link company is an advertising agency.
Advertising agencies work with businesses to design and execute advertising campaigns and measure their success. You can also oversee promotions, branding, and marketing strategies.
The Big Five Advertising Agencies consist of WPP plc, Omnicom Group, Publicis, Interpublic Group of Companies, and Dentsu. Global advertising spending exceeded $563 billion in 2019. North America is the largest investor in this sector, followed by Asia and Western Europe.
External companies are known as advertising agencies. Examples of international advertising agencies are WPP and Omnicom Group.
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Purchasing a copy of a popular app for your smartphone means that you have purchased only a copyright to install and use the software.
a. True
b. False
False Purchasing a copy of a popular app for your smartphone means that you have purchased only copyright to install and use the software.
What is copyright?A copyright is a type of intellectual property that grants the owner the exclusive right to copy, distribute, adapt, display, and perform a creative work for a specific period of time. The creative work could be literary, artistic, educational, or musical in nature.
Copyright, a type of intellectual property law, protects original works of authorship such as poetry, novels, movies, songs, computer software, and architecture.
The owner sells his or her ownership rights to another party in a copyright assignment and has no control over how the third party uses those rights. A copyright assignment is also known as a copyright sales agreement.
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Across mass marketing, niche marketing, and one-to-one marketing, the underlying method of dealing with heterogeneity is the same: focus on ____ such that the needs of each group are similar until the focus reaches _____.
Across mass marketing, niche marketing, and one-to-one marketing, the underlying method of dealing with heterogeneity is the same: focus on smaller group such that the needs of each group are similar until the focus reaches individual customer.
What is the mass marketing?
Mass marketing is used to refer to the type of marketing that is done on a large scale. In this type of marketing, the producers would have to ignore the segments that may exist in the market.
Hence they would have to market the product to the entire market so that it gets to a larger audience hence it may bring about a greater market for the producer.
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Sean is a monopolist who operates a business rigging tablets to run twice as fast as the original specifications. If sean charges $40, he would have 10 customers, but if he lowers the price to $37, he would have 11 customers. What is the marginal revenue of the 11th customer?.
The answer is $7 because Marginal revenue is the change in total revenue from 10 customers ($400) to 11 customers ($407) How a monopolist maximizes profits.
How does a monopolist determine its profit-maximizing level of output How does it determine the price that it charges?
The monopolist will select the profit-maximizing level of output where
MR = MC
and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
How a monopolist maximizes profits
Because Chuck, a sole commercial airplane operator in small isolated town, has no competition, he has complete control of market price of air travel in his small tone
Reduced price → increase in ticket sales
Monopoly maximizes profit by choosing an amount of profit in which marginal revenue equals marginal cost (MR= MC) Since Chuck must reduce his price to sell more units, he has an incentive to sell a smaller quantity than a perfective competitive company
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To attract and hire employees with the skills, abilities, and experience to help the organization achieve its goals. Managers use?
Human resource management (HRM) is the procedure of recruiting, hiring, deploying and handling an organization's employees.
Human resource managementThe commitments of a human resource manager fall into three primary areas: staffing, worker compensation and concessions, and defining/designing work. Basically, human resource management standards span thrugh different industries and can fall into one of two types of general categories: strategic and traditional.
Effectively, the goal of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees.
Four roles of Human Resource Management are Planning, Directing, Controlling and Organizing.
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If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is a. 200 - 4q. b. 100 - 4q. c. 200 - 2q. d. 2
If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is 200 - 2q. Price becomes a function of quantity demanded in the case of an inverse demand curve. The inverse of a demand curve, this indicates that variations in the amount required cause changes in price levels.
The formula for calculating the demand curve for a product yields the graph of an inverse demand curve. The quantity demanded is a function of price on the demand curve. This aligns the horizontal axis with pricing, with quantity demanded on the vertical axis.
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The fed’s efforts to manage interest rates and thus the availability of credit is known as:__________
The fed’s efforts to manage interest rates and thus the availability of credit is known as monetary policy.
A country's central bank uses a set of instruments called monetary policy to regulate the total amount of money in circulation, foster economic expansion, and implement measures like adjusting interest rates and altering bank reserve requirements. The discount rate, reserve requirements, and open market operations are the three primary instruments of monetary policy.
As the nation's monetary policy regulator, the Fed affects the cost and availability of credit and money to support a robust economy. Controlling inflation, moderating employment levels, and preserving long-term interest rates are the three goals of monetary policy.
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Once swot analysis is complete, managers ___ to address the issues that came up during the analysis
Once the swot evaluation is complete, managers Formulate techniques to cope with the issues that came up at some point in the evaluation.
A SWOT analysis is a tool for documenting the internal strengths (S) and weaknesses (W) of your enterprise, in addition to outside opportunities (O) and threats (T). you could use these statistics in your commercial enterprise making plans to assist acquire your dreams.
Use SWOT evaluation to formulate strategies
Create a SWOT matrix.gather the right members.list your strengths.listing your weaknesses.pick out your possibilities.perceive your capacity threats.look at your matrix for connections.SWOT analysis is a framework for identifying and reading an organization's strengths, weaknesses, possibilities, and threats. those phrases make up the SWOT acronym. The number one purpose of SWOT evaluation is to grow recognition of the factors that cross into making a business selection or setting up an enterprise method.
A TOWS evaluation is an extension of the SWOT analysis framework that identifies your Strengths, Weaknesses, possibilities, and Threats but then goes similarly in trying to fit up the Strengths with opportunities and the Threats with Weaknesses.
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What type of companies recognize revenues when they sell inventory to customers?
Manufacturing and Merchandising Companies are recognized revenues when they sell inventory to customers.
Merchandising company
A merchandising company buys tangible goods and resells them to consumers. These businesses incur costs, such as labor and material, to present and sell products . The operating cycle of merchandising company is the time between the purchase of the product and sale of the company.
Manufacturing company
A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment , and then sells the goods to consumers, wholesalers, distributors, for the production of more complex goods.
Merchandising companies hold and account for product inventory , which makes their income statement inherently more complicated. The nature of increase or decreases in net revenue for each type of company is also different.
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Suppose a company has sales of $56 million, net income of $19 million, total assets of $109 million, and total liabilities of $33 million. What is the company’s return on equity?
The company’s return on equity is 25%.
Company's sales- $56 million
Net income- $19 million
Total assets- $109 million
Total liabilities- $33 million
Total equity= Company's sales + Net income
$56 million + $19 million = $75 million
Thus, Return On Equity (ROE) = Net Income/Equity = $19 million / $75 million= 25%
Return On Equity (ROE) is a measure of management's ability to generate income from the equity available to it. It is used for comparing the performance of companies in the same industry. Thus, ROEs of 15–20% are generally considered good.
Hence, the company’s return on equity is 25%.
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If dividends omitted on preferred shares must be paid before common stockholders are entitled to any dividends, then the preferred stock must be?
If dividends omitted on preferred shares must be paid before common stockholders are entitled to any dividends, then the preferred stock must be cumulative.
A dividend is when a company distributes profits to its shareholders. When a company makes a profit or surplus, it may pay a portion of the profit to its shareholders as dividends. Amounts not distributed are reinvested in the company (called retained earnings).
Not only this year's profit but also the accumulated profit of the previous year can be distributed. Companies are generally prohibited from paying dividends out of their share capital. Distributions to shareholders can be paid in cash (usually by depositing into a bank account).
Alternatively, if the company has a dividend reinvestment scheme, the amount can be paid by issuing additional shares or buying back shares. In some cases, asset distributions may occur.
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The set of items that serve as media of exchange includes a. credit cards. b. short-term bonds. c. savings accounts. d. demand deposits.
The set of items that serve as media of exchange includes d. demand deposits.
What is a demand deposit?A demand deposit account (DDA) can be regarded as the bank account from which deposited funds can be withdrawn base on how it is needed.
This can be wit draw without advance notice and it can pay interest on the deposited funds .
Examples of this are:
Checking accounts savings accountsIt should be noted that The set of items that serve as media of exchange includes d. demand deposits.
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The total number of africans forcibly brought to all of the americas as slaves is estimated to have been as many as?
Answer:
eleven million
Explanation:
Your answer should be eleven million.
What is average variable cost if total variable cost is $500, total fixed cost is $100, and output is 50?
The average variable cost will be $10
Total Variable Cost = $500
Total Fixed Cost = $100
Output = 50
AVC = TVC/Q
AVC = 500/50
AVC = 10
Average variable cost is determined by dividing total variable cost by production volume. Subtract the average variable cost from the average total cost. This ensures that you get an average fixed cost per unit. Average Total Cost (ATC) is determined by dividing Total Cost by Total Production. A typical total cost curve is usually U-shaped.
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Verify that all high-value business logic flows, including authentication, session management and access control are thread safe and resistant to time-of-check and time-of-use race conditions
A project Application Security Verification Standard (ASVS) of Open Web Application Security Project (OWSAP) is standard to test technical security control of a web application and provides a list of requirements to developers for secure development. It verifies that all high-value business logic flows, including authentication, session management, and access control are thread-safe and resistant to time-of-check and time-of-use race conditions.
OWASP's Application Security Verification Standard (ASVS) standard aims to perform web application security verification.
ASVS standards provide a basis to test technical security control of a web application, as well as technical security controls in the environment that is relied on to protect against SQL injection and Cross-Site Scripting. s standard ensures the security of web applications.
It provides the guidlines to developers to develop secure web applications that ensure high value business logic flows are resistant to time-of-check and time-of-use race conditions.
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Describe questions that organizations must ask and steps they must take in change management processes.
Organizational change management that drives continuous change at speed and scale. Our change management services help you focus on doing the right things towards your goals. change education. embedded changes. The future of labor research. leadership training.
Change management typically has six components. leadership alignment, stakeholder engagement, communication, change impact and preparedness, training, and organizational design.
Organizational Change Management (OCM) is a framework for managing the impact of new business processes, organizational structural changes, or cultural changes within an organization. Simply put, OCM addresses the human side of change management.
Organizational transformation is a three-step process. Move - the transition from the old way of working to the new way of working. Refreeze – establish a new system in the way things are done.
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One benefit of on-site day care services for employees is that _________. a. employers are able to enforce longer work weeks b. employees can leave their children at work overnight c. employers can charge workers higher than normal fees d. employees can visit their children during the day please select the best answer from the choices provided a b c d
One benefit of on-site day care services for employees is that Employees can visit their children during the day
What is On-Site Day Care Services for Employees ?On-site daycare services for employees means there are specialized daycare facilities for the children of employees near to the place where they work or within it during day hours, this type of services have multiple advantages for employees that include not worrying about looking for other daycare services and spending more time with children.
Indeed in most cases, employees are allowed to spend lunchtime and other breaks with children, also, once day work is over they can immediately see their kids.
Thus, one benefit of on-site daycare services for employees is that "Employees can visit their children during the day".
Therefore, we can conclude that the correct option is D.
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What should eric do to be a responsible borrower? what should he do if he is unable to make his loan payments? what are some downsides of late payments?
To be a responsible borrower Eric should pay his monthly payments on time. If he is unable to make this payment then he would have to make the payment late.
What is a responsible borrower?Being a responsible borrower is highly aligned with budgeting. Your student loan payments should be no more than 10% of your future net monthly income.
It is important to not borrow more than you need for your school-related expenses and to keep track of how much you are borrowing cumulatively.
How can I borrow money responsibly?To borrow responsibly means the following:Borrow only what you can repay. ...Pay debts on time.Tell your creditor if you cannot pay and make a new arrangement with your creditor.Report lost or stolen credit cards immediately.Learn more about borrowers here:
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Even though the united states has an unemployment compensation program that provides income for those out of work, should we still worry about unemployment?
Yes, as the unemployment compensation scheme only provides the unemployed with enough money to meet their basic necessities.
Payments provided to unemployed persons by authorised authorities are known as unemployment benefits, sometimes known as unemployment insurance, unemployment payment, unemployment compensation. Benefits are paid for in the US through a mandatory government insurance programme, not through individual citizen taxes. Those amounts may be little, merely covering the most basic requirements, or they could make up for the lost time proportionate to the prior earned wage, depending on the jurisdiction and the individual.
Only individuals who register as becoming unemployed due to no fault of their own are often eligible for unemployment benefits, and frequently only on the condition that they actively seek employment.
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For which type of innovation will consumer education be most important, perhaps requiring personal selling to gain product trial?
The discontinuous innovation is the type of innovation will consumer education be most important, perhaps requiring personal selling to gain product trial.
What is meant by consumer education?This is the term that is used to refer to the training that the consumers of a product would be made to face that would help them in the making of decisions especially when it comes to the consumption of a particular product. This would help them to make the types of decisions that are informed.
Hence we can conclude that the discontinuous innovation is the type of innovation will consumer education be most important, perhaps requiring personal selling to gain product trial.
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Motorcycle Manufacturers, Inc., projected sales of 53,300 machines for the year. The estimated January 1 inventory is 6,160 units, and the desired December 31 inventory is 7,270 units. The budgeted production for the year is
The expected January 1 stock is 6, hundred and sixty units, and the favored December 31 stock is 7,270 gadgets. The budgeted production for the year is 59,765.
The manufacturing budget calculates the wide variety of units of merchandise that need to be synthetic and comes from a combination of the sales forecast and the planned quantity of finished items stock to have on hand (generally as protection stock to cowl for sudden will increase in demand). production finances = Budgeted sales units – commencing inventory of finished goods + closing stock of completed true.
It compares the real overhead charges in step with a unit that had been carried out to the anticipated or budgeted value in line with the item. The formula for production volume variance is as follows: production volume variance = (actual units produced - budgeted manufacturing units) x budgeted overhead price in step with the unit.
There are particularly 3 types of components of the production finances, which include the Direct material budget, the Direct hard work price range, and the overhead price.
Manufacturing is the manner of creating or manufacturing goods and products from raw substances or components. In different phrases, production takes inputs and makes use of them to create an output that's fit for intake – an amazing product that has cost to a stop-person or customer. price of manufacturing or value charge or production prices can be calculated by including all direct and indirect fees of a manufacturing unit. right here is the system for calculating the price of manufacturing. the overall fee of manufacturing= cost of exertions cost of raw materials ie Overhead charges on production.
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Connect and reflect evaluate your work by answering these questions: how did this activity help you understand the roles and priorities of the federal government during obama's administration? what would you like to know more about?
The Obama Administration stated that its general agenda was to "revive the economy, provide affordable and accessible health care to all, strengthen our public education and social security systems, define a clear path to energy independence and tackle climate change, end the War in Iraq responsibly
What is War?War is defined as a violent armed confrontation between states, governments, society, or paramilitary groups such as mercenaries, insurgents, and militias. It is marked by excessive violence, aggressiveness, damage, and mortality, and it employs either regular or irregular military troops.
The doctrine's goal is to ensure that a war is morally justifiable by establishing a set of criteria that must all be met for a war to be declared just. The criteria are divided into two categories: jus ad bellum ("right to go to war") and jus in bello ("right to fight") ("right conduct in war").
Some have stated that conflicts are primarily waged for economic, religious, and political reasons. Others say that most modern battles are waged for ideological reasons.
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What is not an example of the additional benefits employers offer to their employees that are not mandated by law?
Year-end bonus is an an example of the additional benefits employers offer to their employees that are not mandated by law.
What is Year-end bonus?A reward given to an employee at the end of the year is known as a year-end bonus (sometimes known as a "Christmas bonus").The amount of many year-end incentives can change depending on whether particular milestones are reached because they are often linked to performance measures.Year-end bonuses are often lump sum payments offered to the employee as a reward for their efforts and commitment.Top financial business executives and staff frequently receive sizable bonuses at the end of the year on Wall Street. Bonus amounts vary based on the economy and the performance of the year, but they are typically significant.To know more about Year-end bonus with the given link
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A project has annual depreciation of $17,900, costs of $90,500, and sales of $131,500. the applicable tax rate is 40 percent. what is the operating cash flow?
The operating cash flow is $31,760.
What is operating cash flow?In financial accounting, operating cash flow (OCF), cash flow provided by operations (CFO), cash flow from operating activities (CFO), or free cash flow from operations (FCFO) refers to the amount of cash generated by a company from its revenues, excluding costs associated with long-term capital investment or securities investment. Operating activities comprise any spending or cash sources involved in a company's day-to-day business operations. Operating cash flow is defined by the International Financial Reporting Standards as cash generated from activities less taxation and interest paid.To calculate the operating cash flow:
Operating Cash Flow = Operating Income + Depreciation – Taxes + Change in Working Capital(131,500-90,500)(1-0.40)+(17,900×0.40)= $31,760Therefore, the operating cash flow is $31,760.
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