Given the following information related to net changes in working capital accounts for the Player Company:

Cash Provided by Operating Activities is $100,000. The company also indicated that depreciation expense for the year was $14,200.

Net Income is:

Select one:

a. $73,000

b. $87,200

c. $118,200

d. $103,000

e. $103,200

Positive account theory changes the ways of thinking in accounting theory, explain the effect of positive accounting theory with the main theories that effect in creating the positive theory? What are the main advantages and criticisms of positive accounting theory?

Problem 1:

The following employee changes in BSA Mfg. Inc. for 2019 are as follows:

Assume that there is no other information as to the changes in employees, determine the labor turnover based on the following methods (round off your answers to two decimal places expressed in percent):

1.    Separation method

2.    Replacement method

3.    Flux method

Problem 2:

BSA Factory provides for an incentive scheme for its factory workers which features a combined minimum guaranteed wage and a piece rate. Each worker is paid P11.25 per piece with a minimum guaranteed wage of P875 per week. Production report for the week show:

Determine the amount of the following:

1.    Direct labor

2.    Factory overhead

Shifters. Suppose the demand function for a good is ???? = 50??−0.75. Explain how demand changes under each of the following scenarios and provide an example of a new demand function that reflects this change: a) A popular celebrity endorses and promotes a product b) The number of consumers in the market falls c) A recession hits and consumer income falls (assuming ???? is an inferior good)

6. Unanticipated changes in the rate of inflation

Initially, Neha earns a salary of $400 per year and Lorenzo earns a salary of $200 per year. Neha lends Lorenzo $100 for one year at an annual interest rate of 20% with the expectation that the rate of inflation will be 16% during the one-year life of the loan. At the end of the year, Lorenzo makes good on the loan by paying Neha $120. Consider how the loan repayment affects Neha and Lorenzo under the following scenarios.

Scenario 1: Suppose all prices and salaries rise by 16% (as expected) over the course of the year. In the following table, find Neha's and Lorenzo's new salaries after the 16% increase, and then calculate the $120 payment as a percentage of their new salaries. (Hint: Remember that Neha's salary is her income from work and that it does not include the loan payment from Lorenzo.)

Scenario 2: Consider an unanticipated decrease in the rate of inflation. The rise in prices and salaries turns out to be 5% over the course of the year rather than 16%. In the following table, find Neha's and Lorenzo's new salaries after the 5% increase, and then calculate the $120 payment as a percentage of their new salaries.

An unanticipated decrease in the rate of inflation benefits   and harms   .

Suppose the government increases government expenditures in the future period, makes no changes to current taxes, and will not change its future government expenditures. Use the intertemporal government budget constraint and the intertemporal consumer’s budget constraint to describe the impact on consumers’ lifetime income.

9. Changes in retained earnings are commonly reported in the: Multiple Choice Statement of cash flows. Balance sheet. Statement of stockholders' equity. Multiple-step income statement. Single-step income statement.

14. Book value per common share is computed by: Multiple Choice Multiplying the number of common shares outstanding times the market price per common share. Dividing total assets by the number of shares outstanding. Dividing stockholders' equity applicable to common shares by the number of common shares outstanding. Multiplying the number of common shares outstanding by par value per share. Dividing the number of common shares outstanding by stockholders' equity applicable to common shares.

17. A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: Multiple Choice A debit to Common Stock for $12,000. A debit to Land for $12,000. A credit to Land for $12,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $72,000. A credit to Common Stock for $84,000.

18.The date the directors vote to declare and pay a dividend is called the: Multiple Choice Date of stockholders' meeting. Date of declaration. Date of record. Date of payment. Liquidating date.

20. A liability for dividends exists: Multiple Choice When cumulative preferred stock is sold. On the date of declaration. On the date of record. On the date of payment. For dividends in arrears on cumulative preferred stock.