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3 years ago

If Expenses are greater than income, you have a surplus

Business

1 answer:

Hunter-Best [27]3 years ago

6 0

False. It's called net income.
A <em>surplus</em> is when your income exceeds your expenses.

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The common stock of RMW Inc. is selling at $88 a share. It just paid a dividend of $4. Investors expect a return of 15 percent o

Nina [5.8K]

Answer:

12%

Explanation:

R=D1/P0+g

15 =4/88+g

15 =0.0454+g

15/15=0.0454/15 +g

g=0.3026

.15-0.03=.12

6 0

2 years ago

Oceanic, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Macmi

Korvikt [17]

Answer: B. Macmillan, because firms that face stiff competition at home tend to do better abroad

Explanation:

Following the information given, it can be deduced that Oceanic should invest in Macmillan, because firms that face stiff competition at home tend to do better abroad.

The fact that Macmillan, which is an air-conditioner manufacturer, faces intense pressure from its home market will have resulted in the company making quality sure conditioners in order to sustain the pressure and have an edge over its local competitors. Therefore, the company will do better abroad as a result of this.

The correct option is B.

6 0

3 years ago

Lenore, Inc. gathered the following information from its accounting records and the October bank statement to prepare the Octobe

Rashid [163]

Answer:The up-to-date ending cash balance on October 31 is: $8,290---C

Explanation:

A bank Reconciliation statement helps to match a company's book record to its bank record and adjust discrepancies, If any.

Here, the deposits in transit and outstanding checks fall under the bank's accounting records and will not be involved in the company's additions or deductions in the accounting book balance records.

Ending cash balance as per books = $7,000

Add:

Interest received from Bank = +$1,700

subtotal $8,700

Deduct

Bank Service charge = -$60

NSF check = -$350

Up-to-date ending cash balance = $8,290

4 0

3 years ago

Help me with this please the answer I choose is incorrect !!

fiasKO [112]

Probably direct social service work

3 0

3 years ago

Read 2 more answers

J&J Materials and Construction Corporation produces mulch and distributes the product by using dump trucks. The company use

lilavasa [31]

Answer:

$3,999.04 F

Explanation:

Calculation to determine the flexible-budget amount for variable manufacturing overhead?

First step is to calculate the Budgeted fleet hours per unit

Budgeted fleet hours per unit = 568 ÷ 710

Budgeted fleet hours per unit = 0.8

Second step is to calculate the Budgeted fleet hours allowed for 660 truckloads

Budgeted fleet hours allowed for 660 truckloads

Budgeted fleet hours allowed for 660 truckloads = 660 × 0.8

Budgeted fleet hours allowed for 660 truckloads = 528

Third step is to calculate the Budgeted variable overhead rate per machine hour

Budgeted variable overhead rate per machine hour = $89,460 ÷ 528

Budgeted variable overhead rate per machine hour = $169.43

Fourth step is to calculate the Flexible-budget amount

Flexible-budget amount = 528× $169.43

Flexible-budget amount= $89,459.04

Now let calculate the Flexible-budget variance

Flexible-budget variance = $85,460 − $89,459.04

Flexible-budget variance= $3,999.04 F

Therefore the Flexible-budget variance is $3,999.04 F

4 0

3 years ago