5.1) The face masks industry initially transitioned from a normal market to a seller's market due to increased demand during the COVID-19 pandemic, but later returned to a more competitive market as supply caught up.
5.2) The price elasticity of demand for face masks was initially low, resulting in increased revenue during the peak demand period, but became more elastic when prices returned to pre-pandemic levels, potentially leading to a decrease in revenue.
5.1) Changes in Market Type for the Face Masks Industry:
Initially, the face masks industry experienced a significant increase in demand due to the COVID-19 pandemic. This surge in demand resulted in shortages and panic buying, leading to a temporary shift in the market type. The market transitioned from a normal market to a seller's market, characterized by scarcity and increased prices.
Diagrammatically, this change can be represented by an upward shift in the demand curve (D1 to D2) due to increased demand, while the supply curve (S) remains relatively stable. The new equilibrium point (E2) reflects a higher price and quantity compared to the pre-pandemic equilibrium (E1).
However, as the pandemic progressed and the production of face masks increased to meet the rising demand, the market gradually returned to a more competitive market type. The supply of face masks caught up with demand, resulting in price stabilization and a return to pre-pandemic price levels.
This transition can be depicted diagrammatically by a downward shift in the demand curve (D2 to D3) as demand decreases or plateaus, while the supply curve (S) remains stable. The new equilibrium point (E3) reflects a lower price and quantity compared to the peak demand period.
5.2) Price Elasticity of Demand and Revenue Impact:
During the initial phase of the pandemic, the price elasticity of demand for face masks was relatively low due to the urgent need and limited substitutes. Consumers were willing to pay higher prices to acquire masks for protection, resulting in inelastic demand.
As a result, the increase in price led to a significant increase in total revenue for face masks manufacturers and retailers. The large year-on-year sales growth of 400% in April 2020 mentioned in the question indicates the substantial revenue impact during the peak demand period.
However, as the market stabilized and supply caught up with demand, the price of face masks returned to pre-pandemic levels. At this stage, the price elasticity of demand became more elastic, as consumers had more options and substitutes available. The impact on revenue would depend on the extent of the decrease in price and the corresponding change in quantity demanded.
Overall, the initial surge in demand for face masks resulted in inelastic demand and increased revenue. As the market stabilized, the price elasticity of demand became more elastic, potentially leading to a decrease in revenue unless volume sales compensated for the lower price.
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The use of mortgage debt to help finance an investment is commonly referred to as: A. leverage. B. capitalization. C. amortization. D. acquisition.
Leverage is simply known as when an individual or firm uses borrowed capital or debt to increase the potential return of an investment. The use of mortgage debt to help finance an investment is known as leverage
Leverage is known to be the most common way to use one's our own money or through a mortgage. It often works to one's advantage when real estate values increases, but it can lead to losses if values reduces.Mortgage Debt is simply defined as the type of debt owed by a Company or any Subsidiary that is secured by a Lien on one or more parts of real property.
Leverage involves using debt to rise the return on investment and it is a straightforward process.
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All of the following describe characteristics of organizational change EXCEPT
O a. an organization may resist change.
O b. an organization may promote change.
O c. change is inevitable.
O d. resistance to change should be eliminated.
o e. resistance to change is inevitable.
All of the following describe characteristics of organizational change EXCEPT d. resistance to change should be eliminated.
What is an organization?An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. The term "organization" can be used to describe a person, a group, a company, or the process of creating or developing anything.
An organization is a formal gathering of people, such as a business, charity, political party, or club. The majority of these specialty schools are run by nonprofit institutions. ... an International Labor Organization report. Synonyms: organization, firm, party, or body Additional words for organization
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select all that apply when a segment is eliminated, a blank . multiple select question. traceable fixed cost will disappear traceable fixed cost will remain unchanged common fixed cost will remain unchanged common fixed cost will disappear
When a segment is eliminated, traceable fixed costs specific to that segment will not disappear or change. Similarly, common fixed costs, which are not directly attributable to a specific segment, will also remain unchanged. Therefore, options B and C are correct.
Traceable fixed costs are expenses that can be directly linked or attributed to a specific segment or division within a company. These costs do not change when a segment is eliminated because they are associated with the specific operations and activities of that segment.
Common fixed costs, on the other hand, are expenses that are not directly tied to a particular segment but support the overall operations of the entire organization. These costs, such as rent or administrative salaries, are not affected by the elimination of a segment because they are incurred for the benefit of the entire company rather than a specific segment.
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The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
according to the bad weather video, when a driver stops on slick pavement by pressing the brake firmly to the point just before the wheels lock is known as _____ braking.
According to the information provided in the bad weather video, when a driver stops on slick pavement by pressing the brake firmly to the point just before the wheels lock, it is known as threshold braking.
Threshold braking is a technique used to maximize braking effectiveness while maintaining control of the vehicle on slippery surfaces. By applying steady pressure to the brake pedal without allowing the wheels to lock up, the driver can achieve optimal braking force and prevent the loss of traction that can occur when the wheels lock.
This technique allows the driver to maintain steering control and reduce the risk of skidding or sliding during the braking maneuver.
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What is a necessary component of a simulation game?
It must be based on a real-world activity or experience.
It must include some learning or practicing an experience.
It must include negative consequences for mistakes.
It must be designed with adult players in mind.
Answer: Game world. Goals and objectives:
Rules and/or Instructions:
Interaction:
Conflict (and/or competition, challenge, opposition)
Outcomes and Feedback.
Game storyline.
Characters for video game.
Music.
Visuals.
Quality assurance.
Example: GTA aka ; grand theft auto
Assume that electricity production has been done by several regional firms in the U.S. each operating as a pure monopoly.
Explain and graphically illustrate how the electrical monopolist would determine its profit maximizing price and output level. (Label Pm and Qm)
Identify any area of consumer and/or producer surplus for the profit maximizing monopoly.
Identify the deadweight loss for the monopolist.
Now assume the federal government imposes a regulation on the monopoly. Draw a new monopoly graph for part 2.
Show and explain how the regulated electrical monopolist would determine its profit-maximizing price and output level. (Label Pr and Qr)
Identify any area of consumer surplus and/or producer surplus for the profit maximizing monopoly.
Now the federal government decides to deregulate the market for electricity nationwide. Draw a new monopoly graph for part 3.
Show and explain how deregulation will impact price and output in the now perfectly competitive market for electricity production. (Hint: You should use a monopoly graph to show where the perfectly competitor would set price and quantity.) (Label Ppc and Qpc)
Profit Maximizing Monopoly:
As a pure monopoly, the electrical firm has market power, which means it can set its own price and output level. The firm will aim to maximize its profits by producing the quantity of electricity where marginal revenue (MR) equals marginal cost (MC). The price that the firm charges will be determined by the demand curve, which is downward sloping. The profit-maximizing price (Pm) will be higher than the marginal cost (MC) of producing the electricity. The output level (Qm) will be lower than the socially efficient output level, which is where marginal cost equals marginal benefit (MB). This results in a deadweight loss to society, which represents the loss of consumer and producer surplus.
Regulated Monopoly:
If the government regulates the electrical monopoly, it may impose price controls or quantity restrictions that limit the firm's market power. The regulated firm will aim to maximize its profits subject to the regulatory constraints. The profit-maximizing price (Pr) and output level (Qr) will be lower than the unregulated monopoly, but higher than the socially efficient level. This results in a smaller deadweight loss, but still represents a loss to society.
Perfectly Competitive Market:
If the market is deregulated and becomes perfectly competitive, the electrical firms will be price takers, meaning they have no market power. The price will be determined by the intersection of the market demand and supply curves, and the output level will be where the marginal cost equals the market price. The price (Ppc) and output level (Qpc) will be lower than the regulated monopoly and closer to the socially efficient level. There will be no deadweight loss, and the consumer and producer surplus will be maximized.
Profit Maximizing Monopoly:
^
|
Pm | Demand
| Curve
|
|
|
|------------------- MC
| Qm
|
|
Regulated Monopoly:
^
|
Pr | Demand
Regulated Curve
| /
| /
| /
|-----------/--- MC
| Qr
|
Perfectly Competitive Market:
^
|
Ppc | Demand
| Curve
| /
| /
| /
|-----------/--- Supply
| Qpc
|
Your parents have been advised to save 5% of their income for your college education,
which would include money for housing, tuition, books, and fees. How much would your
parents have saved in one year, following the recommended 5%, if they had an average
household income of $99,948? Show your work. (5 points)
To help farmers and workers in developing nations secure trade deals is known as:
A. Real Trade
B. Domestic Trade
C. Fair Trade
your company has $200,000 to invest and has identified the following three investments: investment a requires an initial investment of $130,000 and has an annual rate of return of 12%. investment b requires an initial investment of $70,000 and has an annual rate of return of 16%. investment c requires an initial investment of $30,000 and has an annual rate of return of 27%. unused funds will be placed in a bank account with an annual percentage rate of 4.5%. you may invest in each of the investments only once. all the investments have a life of one year. which investment should your company invest in?
Investing presupposes principal and interest payments after one year, we should invest $20,000 in A and B.
Investment A will cost $130,000 and get a return of $130,000*0.12=$15,600.
70,000*0.16=11,200 will be received as interest from investment B on a 70,000 investment.
The return on investment C is $8,100 (30,000 * 0.27).
Therefore, total investment in option C plus the remaining 40,000 in a savings account will result in 8100+1800=$9,900, which is less than the equivalent amount of investment in option "B," making option B preferred over option C. Now, if we choose option C over B, then initial investment reduction=70000-30000=40000 and interest earned in a saving account on 40,000=$1,800.
The incremental yield in a savings account for C will be the same when comparing A and B, giving (130000-30000)*0.045=$4,500. A is preferred over C because the total interest on C would be 8100 + 4500 = 12,600, which is less than the investment in "A".
Therefore, we should spend $20,000 in A and B.
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Cultures that score high on the Uncertainty Avoidance Index
O seldom experience much stress.
O take an empirical approach to knowledge.
O enjoy ambiguity.
O value security and try to always follow the rules.
Answer:
seldom experience much stress.
Explanation:
countries that have high levels of uncertainty avoidance tend to be less stress-prone and more likely to take an empirical approach to knowledge. They also generally enjoy ambiguity and value security.
It is difficult to say definitively what the effects of scoring high on the Uncertainty Avoidance Index are, as every culture is different. However, in general, it seems that cultures that score higher on this index tend to experience more stress, take an empirical approach to knowledge, and value security more. They may also try to always follow the rules, which can lead to a feeling of rigidity.
increased leverage allows companies to control more assets and increase their roe. what's bad about leverage?
Increased leverage, which refers to the use of debt financing to purchase assets, can indeed allow companies to control more assets and increase their return on equity (ROE).
However, there are also several potential drawbacks to increased leverage. One of the main drawbacks is that increased leverage increases a company's financial risk.
When a company uses debt financing, it must make regular interest payments, which can put a strain on the company's cash flow if business conditions deteriorate. If the company is unable to make these payments, it may face financial distress, such as bankruptcy.
Increased leverage can also increase the volatility of a company's earnings and make its stock price more sensitive to market fluctuations. This is because a large portion of the company's profits is being used to pay interest on debt, leaving less available for other purposes, such as paying dividends or reinvesting in the business.
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Work environment includes physical and social surroundings of work.
Answer:
You must consider the physical aspects of different work environments when choosing a career.
on a level-payment loan with 12 years (144 payments) remaining, at an interest rate of 9 percent, and with a payment of $1,000, the current balance is:
To calculate the current balance on a level-payment loan, we need to use the loan balance formula. For a level-payment loan, the formula is:
Balance = Payment × [(1 - (1 + Interest Rate)\(^(-Number of Payments)\))] ÷ Interest Rate
Given that the loan has 12 years (144 payments) remaining, an interest rate of 9 percent, and a payment of $1,000, we can substitute these values into the formula.
Balance = $1,000 × [(1 - (1 + 0.09)(⁻¹⁴⁴))] ÷ 0.09
Evaluating the expression within the brackets and simplifying further will give us the current balance on the loan.
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Question 10 of 10
Which of the following fall under the marketing umbrella?
O A. Customer service and production
B. Finance and operations
O c. Public relations and advertising
D. Human resources and administration
Answer:
c. Public relations and advertising
Explanation:
Marketing refers to all the activities of interesting potential customers with a company's products and services. Its objective is to create product awareness among customers and increase sales. Marketing involves acquiring customers to buy the company's products.
Marketing activities range from research on customer needs, advertising, sales promotions, public relations, and sales.
Answer C it the correct answer
Explanation:
China Set to Topple U.S. As Biggest Economy Sooner After Virus" Bloomberg (January 14, 2021). Such a comparison of the size of economies is based on_________.
Answer:
the GDP.
Explanation:
The GDP (gross domestic product) is the sum of all goods and services produced within an economy, excluding the value of the goods and services used up in production. There are three methods for measuring an economy's GDP. They are the income method, the expenditure method, and the production(output) method. The income method calculates the gross income for all the factors of production (rent, wages, interest, and profit). The expenditure method calculates the GDP to be equal to consumption + government spending + Investment + net exports. The production or output method uses the product value-added approach to compute the GDP.
give one example of constitutional checks and balances is
One example of constitutional checks and balances is the separation of powers between the legislative, executive, and judicial branches of government.
The Constitution divides the power of government among these three branches, and each branch has its own specific responsibilities and powers.
The legislative branch, composed of Congress, has the power to make laws. The executive branch, headed by the President, has the power to enforce laws. The judicial branch, composed of the federal courts and the Supreme Court, has the power to interpret laws and to decide if a law is constitutional.
This system of checks and balances guarantees that no branch of government gains undue authority. Each branch has the authority to check and limit the power of the other branches, preventing any one branch from dominating the government.
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explain economics in your own words
Blushing Co. had Total Assets of $105,000, which included Cash of $30,000, Accounts Receivable of $15,000 Merchandise Inventory of $60,000. Blushing also had Total Liabilities of $95,000, which included Current Liabilities of $60,000. Blushing's acid-test ratio equals:
The Acid-test ratio of Blushing Co,. is 1.25.
Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities. It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.
Acid test ratio = (current asset - inventory) / current liabilities
Current assets - inventory = $105,000 - $60,000 = $45,000Current liabilities = $60,000 Acid-test ratio = $45,000 / $60,000 = 0.75A similar question was answered here: https://brainly.com/question/13972407
Current assets are illiquid.
True
False
Answer:
true
Explanation:
Answer:
ture
Explanation:
Illiquid refers to an asset that cannot be quickly converted to cash. Such assets suffer a valuation loss when sold in exchange for cash. In other words, it is an uphill task to sell such assets owing to the utterly low trading activity due to a lack of investor interest. Some examples of inherently illiquid assets include houses and other real estate, cars, antiques, private company interests and some types of debt instruments. Certain collectibles and art pieces are often illiquid assets as well.
A(n) __________ in an insurance contract is a statement by the issuing insurance company that sets out the essential element of insurance - to pay for losses covered in the policy.
A policy provision in an insurance contract is a statement by the issuing insurance company that sets out the essential element of insurance - to pay for losses covered in the policy.
Policy provision serves as a legally binding agreement between the insurer and the insured, establishing the terms and conditions of the insurance arrangement.
The policy provision serves as a guide for both parties involved, outlining the rights and responsibilities of each. It specifies the types of losses that are covered by the policy, as well as the circumstances under which the insurer is obligated to provide compensation to the insured. This provision ensures that the insured receives financial protection and reimbursement for covered losses, subject to any applicable deductibles or limitations outlined in the contract.
The policy provision also defines the duration of coverage, including the start and end dates of the policy, as well as any conditions that may trigger the termination or modification of the policy. It is crucial for both the insurer and the insured to thoroughly review and understand the policy provision to ensure compliance and proper utilization of the insurance coverage.
Overall, the policy provision is a vital component of an insurance contract as it establishes the core purpose of insurance - to provide financial protection and coverage for specified losses to the insured.
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what chart summarizes statistical data
Statistics is a collection of numerical or quantitative information obtained through a process of observation, measurement and analysis. Statistics can be obtained from various sources, including surveys, experiments, and observations.
Common charts or graphs used for this purpose are:
Bar chart: A chart that presents data with rectangular bars, where the height or length of the bar corresponds to the reported value. Line chart: A chart that shows data as a series of data points connected by straight lines, where the line represents trends or changes over time. Pie chart: A chart that presents data as a circular graph divided into slices, where the size of each slice corresponds to the proportion or percentage of the data presented. Histogram: A graph that presents data as a series of bars, where the bars represent the frequency or number of data points within specific time intervals or intervals.To know more about Statistical data visit :
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It is a good idea to get and use an many credit cards as possible to build credit history. True False
a. What is the effect of changes in gasoline prices on the demand for restaurant meals?
b. Is gasoline an economic complement of a restaurant meal?
c. Are restaurant meals an economic complement of gasoline?
When gasoline prices increase, consumers may choose to eat out less frequently or opt for less expensive dining options. This is because higher gasoline prices can lead to an increase in the cost of transportation, making it more expensive for consumers to dine out.
a. Changes in gasoline prices can have a significant effect on the demand for restaurant meals. When gasoline prices increase, consumers may choose to eat out less frequently or opt for less expensive dining options. This is because higher gasoline prices can lead to an increase in the cost of transportation, making it more expensive for consumers to dine out. Additionally, when gasoline prices are high, consumers may feel the need to cut back on their overall spending, which can include eating out.
b. Gasoline can be seen as an economic complement of a restaurant meal, as it is often required for consumers to travel to a restaurant. When gasoline prices are low, consumers may be more likely to dine out, as the cost of transportation is lower. However, when gasoline prices increase, it may become less economically feasible for consumers to eat out, and they may opt for other options such as cooking at home.
c. Restaurant meals are not necessarily an economic complement of gasoline, as they are not required for the consumption of gasoline. While consumers may choose to dine out before or after filling up their gas tank, the two goods are not directly related to each other in terms of consumption. However, changes in gasoline prices can still have an indirect effect on the demand for restaurant meals, as discussed in the answer to part a.
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In the sale of a business, if the requirements of the Uniform Commercial Code are not
followed, who would most likely suffer the greatest injury?
Buyer
Broker
Creditors
Lender
If the requirements of the Uniform Commercial Code are not followed, the party that is most probable to suffer the highest injury is the buyer
The UCC comprised of rules that applied for the following contracts:
Sale of goodsGoods leasingnegotiable instrumentsbanking transactionsletter of creditinvestment securitiestransactions that are securedIt is to be adopted in many states also at the same time it gives the remedies and rights to both the buyer & seller
So, the parties that do not suffer are:
BrokerCreditorLenderTherefore we can conclude that If the requirements of the Uniform Commercial Code are not followed, the party that is most probable to suffer the highest injury is the buyer
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APR, a rate advertised by ___ is typically ___ than APY
A) lenders; higher
B) borrowers; higher
C) borrowers; lower
D) lenders; lower
answer: D
APR, a rate advertised by lenders is typically lower than APY. The correct answer is D.
What is APR?APR is an acronym for annual percentage rate, it is considered as a cost of borrowing money which is calculated on a percentage that any individual pay each year on their loan. It does not only include the rate of interest but also the fees you must pay to obtain the loan.
APY is an acronym for annual percentage yield, which is considered the actual rate of return on the investment after considering the effect of investment returns.
APR is a rate advertised by lenders that is typically lower than APY as the cost of overall borrowing is lower, and the accounts of APR are also lower. If the difference between APR and APY is higher, the frequency with which interest compounds also increases.
Therefore, option D lenders and lower is the appropriate answer.
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Toplo: Costa & revenue (2)
Q1
Shampooch is a dog grooming business focused on providing a high quality and professional
service. The selling price for a full aroom, wash, cut and blow dry is £28 per dog with
variable cost of £8 per dog. The fixed costs are 1,000 per month
Activity Calculator
a) the total variable cost if 120 dogs are groomed per month
b) the total fixed costs If 120 dogs are groomed per month
c)the total costs If 120 dogs are groomed per month
The total variable cost if 120 dogs are groomed per month is £960.
the total fixed costs If 120 dogs are groomed per month is £1000.
The total costs If 120 dogs are groomed per month is £1960
Fixed cost and variable costFixed cost is the cost that remains constant regardless of the number of dogs that are groomed. If one dog or 100 dogs is groomed, fixed cost would remain the same.
Variable cost is the cost the increases with the number of dogs that are groomed.
Total cost is the sum of fixed cost and variable cost.
Total variable cost.Total variable cost = variable cost per dog x total number of dogs
£8 x 120 = £960
Total fixed costs.
The total fixed costs If 120 dogs are groomed per month is £1000.
Total costs
£960 + £1000 = £1960
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If thomas has a 37 percent tax rate and a 10 percent after-tax rate of return, $83,000 of income in five years will cost him how much tax in today's dollars?
It is $19,070.91 in today's dollars.
Tax value = $83,000 * 37/100 * 0.621 (10% after-tax rate of return for 5 yrs of income)
What is the difference between the Tax rate and After Tax Rate?An investor must compare the figures on a common platform when comparing taxable returns and tax-free returns. An investor can determine whether a tax-free investment will provide him with a higher return than a taxable investment using the Tax-Equivalent Return calculation.
The return an investor would have received on a tax-free return after including the tax benefit is known as the tax equivalent return.
This tax benefit would be subject to the investor's tax slab. As a result, if two investors are in different tax brackets, they may see the same tax-free investment but receive different tax-equivalent returns.
The tax equivalent return would increase in proportion to the investor's tax bracket.
The real return an investor receives following the deduction of tax on a taxable investment is known as the "after-tax return." Or it might be the refund after taxes.
Therefore, the Tax value in today's dollar is $19,07.91.
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Elizabeth's minimum monthly payment on her credit card is the higher of 2.5%
or $12. If her balance at the end of the month is $5800, what is the minimum
amount Elizabeth must pay to keep her account in good standing?
O A. $25
O B. $12
OC. $45
O D. $580
Answer:
$145
Explanation:
Minimum monthly payment at the rate of 2.5%
= 2.5/100 × $5,800
=$145
Between $12 & $145,
$145 is higher hence will be the minimum amount Elizabeth must pay to keep her account in good standing.
bird brain co. reported net income of $45,200 for the year ended december 31, 2021. january 1 balances in accounts receivable and accounts payable were $23,500 and $26,000 respectively. year-end balances in these accounts were $21,300 and $29,500, respectively. assuming that all relevant information has been presented, bird brain's cash flows from operating activities would be:
Bird brain's cash flows from operating activities would be 48000.
(45000 + 1000 (reduction in A/R) + 2000 (increase in A/P))
= 48000
Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Inflows and outflows are represented by money received and spent, accordingly. Cash flow from operating activities refers to the earnings a company makes through ongoing, regular business activities like creating and selling things or providing clients with services. The three categories into which the cash flows are subdivided in the statement are operating activities, investment activities, and financing activities. The section on cash flow from operating activities details how a company raised and spent money to carry out its core functions.
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