What Is the Name Given to the Sum of the Subtotals

question 28

Multiple Choice

What is the name given to the sum of the subtotals of the three sections (operating activities,investing activities,financing activities) of the statement of cash flows?

• A)Net income for the period
• B)The change in the cash account balance between the beginning and ending of the period
• C)The ending cash balance
• D)The amount of cash inflow for the period

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a strong response.

Raise Profits

The process of increasing a company's profits through different methods such as reducing costs, increasing sales, or improving productivity.

Inverse Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase, plotted with price on the vertical axis and quantity on the horizontal axis.

Marginal Costs

The growth in total expenditure associated with the creation of one more unit of a good or service.