Answer:
14%
Explanation:
The computation of the tvom in percentage form is shown below:
Today price × (1 + interest rate) = Future value
$5,000 × (1 + interest rate) = $5,700
(1 + interest rate) = $5,700 ÷ 5,000
(1 + interest rate) = 1.14
So, the interest rate
= 1.14 -1
= 0.14 or 14%
Hence, the interest rate or TVOM i.e times value of money is 14%
Answer:
The amount that would be reported as receivables from affiliates is $0.
Explanation:
Here Mr and Mrs Dart owns a majority of shares of Wall corp, Black co, and West inc. In 2010 , wall made advanced cash to black($50,000) and west($80,000) and also west made advance to black($70,000).
While preparing the combined balance sheet for all these company's , any amount of account receivables will not be included because preparing a combined balance sheet is same as making consolidated balance sheet , were any inter company profit or losses , account receivables and payable are not included in the balance sheet , so therefore the amount that would be reported as receivables from affiliates is $0.
Answer:2 : 1
Explanation:
current ratio = current asset/current liability
If current liability was $900,000 less $100,000= $800,000
Therefore the current ratio=
$1,700,000/$800,000 =
2 : 1
Answer:
Explanation:
A common sized income statement is a method of financial statement that express every line item on a financial statement as a percentage of sale for the ease of financial analysis
Tannenhill's % Industry average
Revenue 2,480,000 100 100%
Cost of Goods 1,587,200 64 70
Gross profit 892,800 36 30
Selling expenses 545600 22 17
Admin expenses 198400 8 7
Total ope. Expe. 744000 30 24
Ope. Income 148600 6 6
Other Revenue 49600 2 2
198400 8 8
Other Expenses 24800 1 1
PBIT 173600 7 7
Income Tax 74400 3 5
Net Income 99200 4 2
