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LuckyWell [14K]
4 years ago
13

Consider the following accounting terms and definitions:

Business
1 answer:
gladu [14]4 years ago
6 0

Answer:

8. First-In, First-Out (FIFO) - a.

7. Disclosure Principle - b

1. Specific Identification - c

6. Weighted-Average - d

4. Conservatism - e

3. Last-In, First-Out (LIFO) - f

5. Consistency Principle - g

2. Materiality Concept - h

Explanation:

FIFO is a sale technique which provides the oldest stoke of goods as the first sales batch, while LIFO brings the last inventory first.

The materiality concept is a situation where the financial information of a company is said to be material from observing the preparation of the financial statements if it can change the opinion of a reasonable person.

The consistency principle states that once an accounting principle is adopted, it can never be changed. Disclosure principle states that company report must be given to outsiders for knowledgeable decision.

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Answer:

Please see attachment

Explanation:

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4 0
3 years ago
Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross retu
Vikentia [17]

Answer:

A 15.64%

Explanation:

300*1.18 = 354

354*0.02 = 7.08

354 - 7.08 = 346.92

rate of return = 346.92/300

                      = 15.64%

Therefore, The rate of return on the fund is 15.64%

3 0
3 years ago
A company has revenues of $100 during Year 1. Each year their profit is 20% of revenue. Revenue is growing 15% per year. How muc
oksian1 [2.3K]

Answer:

$406.07

Explanation:

Revenue for year 1 = $100

Profit = 20%

Growth rate of revenue, = 15% per year = 0.15

Now,

year 1 is the base year thus, take it as n = 0

Revenue for the year = $100 × ( 1 + r )ⁿ

Profit = 20% of [$100 × ( 1 + r )ⁿ]

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  1           0            $100( 1 + r )⁰            $20

  2          1            $100( 1 + r )¹             $23

  3          2            $100( 1 + r )²            $26.45

  4          3            $100( 1 + r )³            $30.4175

  5          4            $100( 1 + r )⁴            $34.98

  6          5            $100( 1 + r )⁵            $40.227

  7          6            $100( 1 + r )⁶            $46.261

  8          7            $100( 1 + r )⁷            $53.2004

  9          8            $100( 1 + r )⁸            $61.1804

  10         9            $100( 1 + r )⁹            $70.357

   Hence,

Total profit for the year 1 - 10 = $406.07

5 0
3 years ago
A firm has issued $20 million in long-term bonds that now have 10 years remaining until maturity. The bonds carry an 8% annual c
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Answer:

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Weight of debt = 0.2805

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Yield to maturity = Rate(10, 80, -877.1, 1000)

Yield to maturity = 0.10001541

Yield to maturity = 10.00%

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After tax cost of debt = 10.00%*(1-0.35)

After tax cost of debt = 10.00%*0.65

After tax cost of debt = 6.5%

3 0
3 years ago
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Eva8 [605]

Answer:

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Explanation:

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