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3 years ago

The financial statement that shows revenue and expenses for a period of time is the

Business

1 answer:

zavuch27 [327]3 years ago

8 0

<span> The </span>income statement<span> reports revenues and expenses and the resulting </span>net income

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As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc

kvasek [131]

Answer:

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

Dr Investment in Nursery supplies $7 million

Cr Investment Revenue $7 million

Dr Cash $9 million

Cr Investment in Nursery supplies $9 million

No Entry

Explanation:

Preparation of the appropriate journal entries from the purchase through the end of the year.

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

(To record purchase of 25% shares for $66 million)

Dr Investment in Nursery supplies ($28 million x 25%) $7 million

Cr Investment Revenue $7 million

(To record investor share of investee's net income)

Dr Cash (18 million shares x 25% share x $2 per share) $9 million

Cr Investment in Nursery supplies $9 million

(To record receipt of dividend)

No Entry

5 0

3 years ago

For a binomial experiment with r successes out of n trials, what value do we use as a point estimate for the probability of succ

trapecia [35]

Answer: $\dfrac{r}{n}$

Explanation:

If r is the number of successes out of n trials , then the sample proportion of success = $\hat{p}=\dfrac{r}{n}$

For binomial experiment , if the population probability of success p on a single trial is not given , then the best point estimate for probability of success p on a single trial is the sample proportion of successes.

i.e. a point estimate for the probability of success p on a single trial :

$p=\hat{p}=\dfrac{r}{n}$

Hence, a point estimate for the probability of success p on a single trial = $\dfrac{r}{n}$

4 0

3 years ago

Michael Bilkman has an opportunity to buy a perpetuity that pays $12,450 annually. His required rate of return on this investmen

AlladinOne [14]

Answer:

$266,667.

Explanation:

P / (r-g) = Periodic payment / Interest rate - Growth rate

= 24,000 / (0.12 - 0.03)

= 24,000 / 0.09

= $266,667on:

i think thats it if i am wrong i am very sorry tellme if i am right or wrong.

7 0

3 years ago

Which of the following statements is/are FALSE, all else the same?

xz_007 [3.2K]

Answer:

I. Present values increase as the discount rate increases.

and

III. Present values are smaller than future values when both r and t are positive.

5 0

2 years ago

By lowering production costs, _____ help domestic producers compete against foreign imports

Ann [662]

The policy that lowers production costs and helps domestic producers to compete with imports are <u>D. subsidies. </u>

<h3 /><h3>What are subsidies?</h3>

This is a government policy where the government pays for some of the costs of production for local firms.

This allows the local firms to then sell their goods at a lower price so that they can compete with cheaper imports.

Options for this question include:

A. tariffs

B. custom duties

C. tariff rate quotas

D. subsidies

Find out more on subsidies at brainly.com/question/6945210.

#SPJ12

3 0

1 year ago