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1 year ago

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

1 answer:

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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Each business day, on average, a company writes checks totaling $13,200 to pay its suppliers. The usual clearing time for the ch

MrMuchimi

Answer:

A. Disbursement Float $53,800

Collection Float $47,600

Net Float $6,200

B. Disbursement Float $53,800

Collection Float $23,800

Net Float $30,000

Explanation:

A. Calculation for the company’s disbursement float, collection float, and net float.

Calculation for Disbursement Float using this formula

Disbursement Float = Average amount of check* Time to clear

Let plug in the formula

Disbursement Float= $13,200*4 days

Disbursement Float= $53,800

Calculation for Collection Float

Collection Float =($23,800*2days)

Collection Float = $47,600

Calculation for Net Float using this formula

Net Float = Disbursement Float + collection Float

Let plug in the formula

Net Float= $53,800-$47,600

Net Float= $6,200

Therefore the company’s disbursement float, collection float, and net float will be:

Disbursement Float $53,800

Collection Float $47,600

Net Float $6,200

B.Calculation to determine what would be the company's disbursement float, collection float, and net float If the collected funds were available in one day instead of two

Calculation for Disbursement Float using this formula

Disbursement Float = Average amount of check* Time to clear

Let plug in the formula

Disbursement Float= $13,200*4 days

Disbursement Float= $53,800

Calculation for Collection Float

Collection Float =($23,800*1 days)

Collection Float = $23,800

Calculation for Net Float using this formula

Net Float = Disbursement Float + collection Float

Let plug in the formula

Net Float= $53,800-$23,800

Net Float= $30,000

Therefore what would be the company's disbursement float, collection float, and net float If the collected funds were available in one day instead of two will be:

Disbursement Float $53,800

Collection Float $23,800

Net Float $30,000

7 0

2 years ago

An individual who wants to earn a living from a new business endeavor has decided to start his business as a not-for-profit orga

skad [1K]

Answer:An incorporated business that puts all of its profits back into the business is a corporation. They are used by those common people and it can help the others who need the money. This will secure that the funds of these corporation will be shared also into its members incase of emergency.

6 0

2 years ago

McLeod Inc. is considering an investment that has an expected return of 8% and a standard deviation of 10%. What is the investme

Rudik [331]

Answer:

the investment's coefficient of variation is 1.25.

Explanation:

The coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :

<em>Coefficient of Variation = Standard Deviation ÷ Return</em>

Therefore,

Coefficient of Variation = 10 ÷ 8

= 1.25

7 0

3 years ago

Blossom Company's accounting records show the following for the year ending on December 31, 2017.

LuckyWell [14K]

Answer: $678,220

Explanation:

Given that,

Purchase Discounts = $ 11,000

Freight-in = $15,300

Purchases = $689,020

Beginning Inventory = $55,000

Ending Inventory = $45,600

Purchase Returns and Allowances = $15,100

Cost of goods purchased:

= Purchases + Freight in - Purchase discounts - Purchase returns and allowances

= $689,020 + $15,300 - $ 11,000 - $15,100

= $678,220

4 0

3 years ago

A company is assessing opportunities in the BRIC countries and determines that ________ is one of the youngest populations in th

san4es73 [151]

A company is assessing opportunities in the BRIC countries and determines that India is one of the youngest populations in the world and is increasingly adopting global attitudes.

Explanation:

The BRIC classification acronym refers to the nations of Brazil, Russia, India and China that are perceived to be developing nations working their way towards becoming developed nations during a similar stage of newly established economic growth.

India is among the youngest people worldwide with such a median age of 26.7 years. Her young people are becoming more and more urban, residing in growing cities and shopping in malls.

There is a shortage of modern facilities and structures to handle India's retail environment. India's population, especially in technical fields, is highly skilled.

6 0

2 years ago