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zzz [600]
2 years ago
6

An accounting transaction may impact only one financial statement or multiple statements. true false

Business
1 answer:
anyanavicka [17]2 years ago
7 0

Answer:

The given statement is True

<h3>Explanation:</h3>
  • It retained earnings and balance sheet.
  • The retained earnings of a corporation are the accumulated net income of the corporation that is retained by the corporation at a particular point in time, such as at the end of the reporting period.

To learn more about the statement, refer

to brainly.com/question/25311149

#SPJ4

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Gladstone Co. has expected sales of $352,000 for the upcoming month and its monthly break even sales are $332,500. What is the m
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Answer: 5.54%

Explanation:

The margin of safety as a percent of sales will be calculated as:

= (Expected sales - Break even sales) / Expected sales

= ($352000 - $332500) / $352000

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3 0
3 years ago
A company is considering a capital investment of $16,000 in new equipment which will improve production and increase cash flows
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Answer:

PAYBACK PERIOD

Year        Cashflow       Cummulative cashflow

                     $                           $

 0            (16,000)               (16,000)

  1             8,000                  (8,000)

  2            6,000                  (2,000)

  3            5,000                   3000

  4            6,000

  5            5,000

Payback period

= 2 years + 2,000/5,000

= 2.4 years

Explanation:

In this case, we need to deduct the initial outlay from the cashflows for each year until the initial outlay is fully recovered.

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