Answer:
A. The company is having difficulties selling its product.
Explanation:
If the above balance sheet is for a retail company, what indications about this company would best be drawn from the changes in the balance sheet between 2007 and 2008?The company is having difficulties selling its product.
Answer:
c. Job classification
Explanation:
Based on the information provided within the question it seems that the statement is typical of Job classification. This term refers to a set of information classifying a job based on the duties or responsibilities that the specific job entails. Which seems to be what the statement is referring to as it says "for which the duties are to be performed with minimal supervision" etc.
Answer:
B. $25,900.
Explanation:
Using the cash flow statement format;
Amount ($)
Cash provided by operating activities 17,900.00
Cash used by investing activities (7,000.00)
Cash used by financing activities (1,500.00)
Net Increase (Decrease ) in cash balance (a) 9,400.00
Cash at the beginning of the year (b) 16,500.00
Cash at the end of the year c = a+b 25,900.00
The net balance is the net of the cash flows from the 3 activities (Operating, investing and financing). The cash at the end of the period is the net of cash flow from the 3 activities with cash at the beginning of the period.
With LIFO, you use the last three units to calculate cost of goods sold expense. The ending inventory cost of the one unit not sold is $100, which is the oldest cost. The $412 total cost of the four units acquired less the $312 cost of goods sold expense leaves $100 in the inventory asset account.
Answer and Explanation:
The computation of the net present value is presented in the attachment below:
For project A, the net present value is $91,771.53 and for project B, the net present value is $79,390.69
It is computed after considering the discounting factor that comes from
= 1 ÷ (1 + discount rate)^number of years
for year 1, it is
= 1 ÷ (1 + 0.06)^1
The same applied for the remaining years