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olga nikolaevna [1]
3 years ago
13

Can you describe cody's current financial position as good average or poor

Business
1 answer:
Slav-nsk [51]3 years ago
8 0
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                                            Liabilities
TV-                    250                         student  loan          2600
Mp3 Player       200                         credit card 1             850                                  Laptop              750                         credit card 2           1200                                  Game system   250                         loan from parents     200                                   watch                200                         truck                       3200                                   Checking Account       560                                                                                        Savings Account 1      945                                                                                  Savings Account 2   3400                                                                                      TOTAL                 $  6555               TOTAL              $8050                LOSS $-1495                          
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When scheduling the audit work to be performed on an engagement, the auditors should consider confirming accounts receivable bal
Dvinal [7]

Answer:

The correct answer is letter "B": Internal control over receivables is good.

Explanation:

Only in the case the internal control of an organization is well-established enough so those account receivables (AR) are paid according to the terms agreed between the organization and its debtors, auditors could consider the balance of the account receivables at a provisional date.

7 0
3 years ago
A summary measure that is computed to describe a characteristic from only a sample of the population is called
Dmitriy789 [7]

Answer:

D. a statistic.

Explanation:

A statistic is a single quantity contained in or computed from a set of data. Unlike a parameter (a characteristic of a population) a statistic is a characteristic or measure of a sample.

A statistic is a characteristic of a sample. Generally, a statistic is used to estimate the value of a population parameter.

4 0
2 years ago
What is one advantage corporations have over other types of businesses?
mote1985 [20]

Answer:D . Corporations have a nearly unlimited life span .

Explanation: just took apex test

3 0
3 years ago
An investment earns 35% the first year, earns 40% the second year, and loses 37% the third year. The total compound return over
Lostsunrise [7]

Answer:

19.07%

Explanation:

The computation of the total compound return over the 3 years is shown below:

= (1 + investment percentage earned in first year) × (1 +  investment percentage earned in second year)  × (1 +  investment percentage loss in second year)

= (1 + 0.35) × (1 + 0.40) × (1 - 0.37)

= 1.35 × 1.40 × 0.63

= 1.1907

= 19.07%

5 0
3 years ago
15) One year ago, you purchased 400 shares of Romy’s Roses stock at a price of $24.15 a share. The stock pays an annual dividend
alukav5142 [94]

Answer:

= $2,748

Explanation:

Number of shares purchased = 400

Price per share (a year ago)= $24.15

Total price paid a year ago = 400*$24.15 = <em>$9,660 </em>

Annual dividend per share = $1.82

Total dividend earned = 400 * $1.82 =<em> </em><em>$728</em>

Price per share (today)= $29.20

Proceeds from sale of shares today = 400*$29.20 = <em>$11,680</em>

Next, find total dollar return;

<em>Total dollar return</em><em> = </em>Total dividend earned + Proceeds from sale of shares today - Total price paid a year ago

= <em>$728+ $11,680 - $9,660 </em>

<em>= $2,748</em>

4 0
2 years ago
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