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Fofino [41]
1 year ago
11

A common-size income statement is an accounting statement that expresses all of a firm's expenses as a percentage of:_______

Business
1 answer:
pshichka [43]1 year ago
7 0

A common-size income statement is an accounting statement that expresses all of a firm's expenses as a percentage of total equity.

In mathematics, a percentage is a number or ratio expressed as a fraction of 100. It is often indicated by the percent sign '%', but the abbreviations 'pct.', 'pct', and 'pc' are also sometimes used. Percentages are dimensionless numbers. It has no units of measure. Wikipedia

The percent difference between two values ​​is calculated by dividing the absolute value of the difference between the two numbers by the average of those two numbers. Multiplying the result by 100 gives the answer as a percentage, not as a decimal. Finding 10% of a number means dividing by 10, so it's common to think that finding 20% ​​of a number requires dividing by 20. To get 10% of a number you need to divide by 10. Because 10 goes into 100 10 times. So to get 20% of a number, divide by 5. Because 20 goes into 100 5 times.

Learn more about percentages here

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Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $550,000. In addition to the purchase price, FVI makes the followi
maw [93]

Answer:

Land 594,500

Explanation:

We must include all cost necessary to acquire the land and lelave it ready to use.

But, the demolition cost are associate with the old warehouse thus, as thsis asset is being destroyed It will be considered period cost, It will not be capitalized through land.

Acquisition cost    550,000

broker commission 35,000

title insurance            2,500

closing cost       <u>         7,000   </u>

Total cost               594,500

8 0
3 years ago
What does the last paragraph in a cover letter deal with ?
scoundrel [369]
Answer:

contact

Explanation:

The closing paragraph of a cover letter is where you can mention your contact information and request for an interview.
4 0
3 years ago
Immediately upon receipt of cash, a responsible employee should
Ulleksa [173]

Answer:

B. Prepare a listing of remittances

Explanation:

The employee receives a cash receipt only when some expense is incurred on behalf of the company. This clearly validates that as soon as the receipt is received the listing of remittances shall be prepared.

This listing basically signifies that all the expenses shall be paid off, as incurred on behalf of company, or any kind of bill is pending for payment of goods acquisition, then it shall be paid off, and entered in the list where all remittances has to be made.

6 0
3 years ago
It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this le
mixas84 [53]

Answer:

Yes

Explanation:

it ensure good financial management as it requires a valid appropriation to spend an amount. it means the budget authority to the government is subject to a valid purpose. this legal rule helps to curtail unnecessary spending and assure that funds go where they are most needed

7 0
3 years ago
Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 55.25 55.50 a. Suppose
kobusy [5.1K]

Answer:

$55.50

Explanation:

The bid price is $55,25 is the price applicable to investors would intend to sell their investment.

The ask price is $55.50 is the price applicable to investors who wish to acquire the Fincorp stock.

The prices have been computed in such a  way that the broker will always gain, whether an investor is buying or selling his/her stake.

Conclusively, the order given to the broker to buy at market would be executed at the ask price of $55.50, not the other way round.

8 0
3 years ago
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