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Answer:
A two-column schedule listing names and balances of all ledger accounts.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.
There are four (4) main types of financial statements and these are;
1. Balance sheet: it contains financial information about assets, liability, and equity.
2. Cash flow statement: it contains financial information about operating, financial and investing activities.
3. Income statement: it contains financial information about the income and expenses of an organization.
4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.
A trial balance consists of a two-column schedule listing names and balances of all ledger accounts.
Answer:
17.71%
Explanation:
For this problem, we will be making use of the Capital Asset Pricing Model (CAPM) equation, as seen below:
ERi = Rf + β(ERm - Rf)
- ERi = expected return of investment
- Rf = risk free investment = 5.75%
- β = beta of the investment = 1.45
- (ERm - Rf) = market risk premium = 14% - 5.75% = 8.25%
ERi = 5.75% + (1.45 x 8.25%) = 5.75% + 11.96% = 17.71%
Answer:
95% confident that the true proportion of service contracts sold on treadmills versus exercise bikes is between -0.1969 and 0.02689.
Explanation:
S1 = number of service contracts for sold treadmills
S2 = number of service contracts for sold Exercise Bikes
P1 = 67/185 = .362162
P2 = 55/123 = .447154
P=n1p1 +n2p2/ n1 + N2 = 185*.362 + 123*.447/ 185 + 123 = .3961
Standard Error = .0571
Margin of Error = E = Za/2 * Se = 1.96 * .0571 = .1119
Lower Limit = (P1 – P2) – E =(.362 - .447) - .1119 = -.1969
Upper Limit = (P1 – P2) + E = (.362 -.447_ + .1119 =.02691
Therefore 95% confident that the true proportion of service contracts sold on treadmills versus exercise bikes is between -0.1969 and 0.02689.