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3 years ago

Key numbers that financial managers use to calculate ratios usually come from the firm’s

1 answer:

8 0

The answer that fits the blank above would be BALANCE SHEET AND INCOME STATEMENT. The balance sheet serves the copy of the liabilities and assets that a company or firm has recorded for a specific period of time. On the other hand, the income statement shows both the profit and loss that the company has. Therefore, it is based on these two that financial managers are able to calculate ratios.

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Assume Purity Ice Cream Company, Inc., in Ithaca, NY, bought a new ice cream maker at the beginning of the year at a cost of $9,

olga_2 [115]

Answer:

Purity Ice Cream Company

a. Depreciation Schedule, using straight-line method:

Cost Depreciation Accumulated Net Book

Expense Depreciation Value

Year 1 $9,000 $2,000 $2,000 $7,000

Year 2 $9,000 $2,000 4,000 5,000

Year 3 $9,000 $2,000 6,000 3,000

Year 4 $9,000 $2,000 8,000 1,000

b. Depreciation Schedule, using unit of production method:

Cost Depreciation Accumulated Net Book

Expense Depreciation Value

Year 1 $9,000 $2,750 $2,750 $6,250

Year 2 $9,000 $1,900 4,650 4,350

Year 3 $9,000 $1,600 6,250 2,750

Year 4 $9,000 $1,750 8,000 1,000

Explanation:

a) Data and Calculations:

Cost of ice cream maker = $9,000

Estimated useful life = 4 years

Residual value = $1,000

Depreciable amount = $8,000 ($9,000 - $1,000)

Annual depreciation (Straight-line method) = $2,000 ($8,000/4)

Estimated productive life the machine = 16,000 hours

Annual usage: Depreciation Expense

Year 1 5,500 hours $2,750

Year 2 3,800 hours 1,900

Year 3 3,200 hours 1,600

Year 4 3,500 hours 1,750

Total 16,000 hours $8,000

Depreciation rate per hour = $0.50 ($8,000/16,000)

4 0

2 years ago

Online companies create a ________consumers gain information that turns them into sophisticated customers, opportunities to cust

Ganezh [65]

Answer:

a value exchange

Explanation: Hope this help:)

3 0

2 years ago

A journal entry for a $75 payment for Rent expense was posted as a debit to Salary expense and a credit to Cash. This error will

Illusion [34]

Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.

Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.

In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.

3 0

3 years ago

The countries that have made the least use of securities markets are ________ and ________; in these two countries finance from

netineya [11]

Answer:

<u>Germany</u> and <u>Japan</u>

Explanation:

Financial intermediaries refer to the institutions which serve as a link between spenders and savers. Examples of financial intermediaries are banks, investment banks, pension funds, etc.

Securities markets refer to the markets which deal with the issuance of equity, debt and derivatives securities. Such issue of securities facilitates the raising of capital by businesses.

Direct finance usually takes place in capital markets dealing in securities with maturity period of more than an year, such as equity and bonds.

Indirect finance takes place through financial intermediaries such as banks, pension funds, etc. Such intermediaries remove the operation of middlemen between lenders and borrowers.

Germany and Japan have utilized their nation's bank credit based financial system.

3 0

3 years ago

hen a monopolist is able to sell its product at different prices, it is engaging in a. distribution pricing. b. quality-adjusted

sertanlavr [38]

Answer:

Price discrimination

Explanation:

Price discrimination is charging customers differently for the same product.

Price discrimination is a type of selling strategy where customers are charged for same goods and services. The seller charges based on what they think that the user is likely to pay.

6 0

3 years ago