1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Colt1911 [192]
3 years ago
12

The Income Statement is also known as the company's financial condition at a specific point in time. A : True B : False

Business
1 answer:
sukhopar [10]3 years ago
3 0

Answer:

A : True

Explanation:

  • The income statement is also called as a profit and a loss statement and is called a revenue statement and is transformed into the net income and the net profits and is to show the managers and the investor whether the company is making a profit and represent over a period of time.
You might be interested in
For smaller income-producing properties, appraisers may use the ratio of a property's selling price to its effective gross incom
Wittaler [7]

Answer:

The correct answer is gross income multiplier.

Explanation:

Gross income multiplier is the figure used as a multiplier of the annual gross income of a property to produce an estimate of the value of the property. Number used to estimate the Value of a Property. Gross property income is multiplied by this figure.

7 0
3 years ago
Since telecommuting has become more common, workers have needed to develop communications skills that _______.
Alexxx [7]

Correct Answer, D all of the above. Each answer is a positive source of communication for telecommuters.


7 0
3 years ago
Read 2 more answers
The Organisation for Economic Co-operation and Development's requirement that personal data collected should be accurate, comple
yaroslaw [1]

Answer:

Data Quality Principle

Explanation:

Collected data is said to be relevant if it is a true representation of real world facts. If it is not then conclusions drawn from it will be incorrect.

Data should be complete, consistent, have integrity, and relevant for a specific use.

For example in marketing, a company uses names and contact information to promote their goods and services. The data needs to be correct and updated for it to be useful. Assume a customer has changed his address and phone number, and these were not updated. It will be difficult for the company to conduct business with him.

4 0
2 years ago
Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just​ completed, Grips earned ​$
Vlada [557]

Answer:

Explanation:

D0 = $1.88

D1 = 1.88*1.25 = $2.35

D2 = 2.35*1.25 = $2.94

D3 = 2.94*1.25 = $3.67

PV of Dividends:

r = 12%

1/(1.12)  = 0.89

PV of D1 = 2.35/0.89 = $2.64

PV of D2 = 2.94/0.797 = $3.69

PV of D3 = 3.67/0.71 = $5.17

Total PV = $11.5

Value after year 3:

(D3*Growth rate)/(Required rate - growth rate) = $3.67*1.06/(0.12-0.06) = $64.8

Pv of 64.8 is 64.8/(1.12)^3 = $46.3

So, the maximum price per share is 11.5+46.3 = $57.8

6 0
3 years ago
Holliday Company's inventory records show the following data:
Cerrena [4.2K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Inventory:

January 1: 5,000 units $9.00

Purchases:

June 18: 4,500 units $8.00

November 8: 3,000 units $7.00

A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for $12 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method.

Units sold= 10,500

FIFO:

COGS= 5,000*9 + 4,500*8 + 1,000*7= 88,000

Sales= 12*10,500= 126,000

COGS= (88,000)

Gross profit= 38,000

Tax= 38,000*0.2= (7,600)

Net operating income= 30,400

LIFO:

COGS= 3,000*7 + 4,500*8 + 3,000*9= 84,000

Sales= 12*10,500= 126,000

COGS= (84,000)

Gross profit= 42,000

Tax= 42,000*0.2= (8,400)

Net operating income= 33,600

Tax difference= LIFO - FIFO= 8400 - 7600= $800

6 0
3 years ago
Other questions:
  • Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpetuities, answer t
    9·2 answers
  • Joey has worked in a bicycle factory for several months. the assembly process requires multiple tasks, and over the months joe’s
    15·1 answer
  • An administrator has configured wsus settings to be applied via a group policy object linked to a specific ou in her organizatio
    10·1 answer
  • You decided to charge $100 for your new computer game, but people are not buying it. What could you do to encourage people to bu
    10·1 answer
  • Athena Company provides employee health insurance that costs $14,200 per month. In addition, the company contributes an amount e
    9·1 answer
  • The following selected transactions were completed by Silverado Delivery Service during February:1. Received cash from owner as
    9·1 answer
  • Freeman, Inc., reported net income of $40,000 for 20A. The income tax return excluded a revenue item of $3,000 (reported on the
    15·1 answer
  • MC Qu. 74 Differential Chemical produced... Differential Chemical produced 12,000 gallons of Preon and 16,000 gallons of Preon.
    7·1 answer
  • When pitching your budget to decision makers, focus on conveying two things: First, demonstrate ROI from the current year, and s
    6·1 answer
  • A company uses process costing to assign product costs. Available inventory information for a period is as follows: Inventory (i
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!