Answer:
C) tracking clients investment
Explanation:
Person finance involves the management of an individual's or a family's financial aspects, such as budgets, taxation, savings, and investments. A personal finance manager evaluates the financial need of an individual or a family . He or she assist in making decisions that lead to the attainment of short-term and long-term financial goals.
A personal finance manager plays several roles in helping their clients achieve their objectives, some of them include
- Develop realistic financial goals with the clients.
- Make plans on how the client will achieve his or her goals
- Recommending and undertaking investments on behalf of the clients.
- Assist clients in making specific provision for anticipated expenses such as education and retirement.
- Monitor investments on behalf of the client.
Answer:
Notes payable - Balance sheet
2. Advertising - Income statement
3. Common stock - Balance sheet
4. Cash - Balance sheet
5. Service revenue - Income statement
6. Dividends - retained earnings statement
Explanation:
1. Notes payable - Balance sheet... It s a liability
2. Advertising - Income statement.... It is an expense
3. Common stock - Balance sheet... It is an owner's equity
4. Cash - Balance sheet... It is an asset
5. Service revenue.... Income statement.... It is a revenue/sales
6. Dividends - retained earnings statement
Answer:
$3,750
Explanation:
The truck was only used for 3 months of the year. Therefore, the 3 months of depreciation equals:
$3,750 = ($30,000 x 2/4 x 3/12)
Answer:
C) As an asset, which will later be reduced as the pesticides are used.
Explanation:
The pesticides were bought because there was a discount, and the company has paid in cash but the pesticides won't be used for now, so it will be recorded as prepaid asset (Current Asset) which will liquidate in a year.
Answer:
B. Return on Equity = 3.17%
Explanation:
The return on common stockholder's equity is a profitability measure showing how much net return the company is providing on the equity invested by shareholders.
The equity of common stockholders is made up of Share capital and reserves. The common shares is just one part of equity.
To calculate the return on equity, the formula is:
Return on Common Equity = Net Income / Shareholder's Equity
Here, the Net income is 665 m while the shareholder's equity is 18000m.
Return on equity = 665 / 18000 = 0.0369 or 3.69% rounded off to 3.7%
So, B is the correct answer