Answer and Explanation:
The Preparation of 2015 and 2016 common-size balance sheets for Bethesda Mining is shown in the attachment
The balance sheet refers to the financial position, performance, profit of the company.
It can be made by using the accounting equation which is as follows
Total assets = total liabilities + total stockholder equity
Both the sides of the balance sheet should be matched and equal
True
(Not sure what was the question about but I’m guessing it’s a true/false?)
hope this helps :)
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 8,000 units
Total cost= $612,500.
Selling price= $100.
Selling costs:
commissions equal to 5% of the sales
other selling expense of $45,000.
Administrative expense totaled $47,500
<u>Income statement:</u>
Sales revenue= (8,000*100)= 800,000 100%
COGS= (612,500) 76.56%
Gross profit= 187,500
commissions= 0.05*800,000= (40,000) 5%
other selling expense= (45,000) 5.63%
Administrative expense= (47,500) 5.94%
Net operating income= 55,000 6.87%
Answer:
Option (C) is correct.
Explanation:
Exchange rate refers to the rate at which various countries exchange goods and services in the world market.
For example, the exchange rate between India and United States is as follows:
India's currency is in Rupees and United states' currency is in dollars,
So, the exchange is; $1 = Rs. 69
If the cost of goods for an Indian resident is 20 US dollars then he have to pay:
= 20 × Rs. 69
= Rs. 1,380 in rupees for purchasing the product.
