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3 years ago

What is the main thing you can learn from an income statement?

Business

2 answers:

balandron [24]3 years ago

7 0

Your detailed expenses cost of sales and if the business made a profit or loss.

bagirrra123 [75]3 years ago

3 0

Answer:

usinesses need to track all of the costs that are directly involved in producing their products for sale, in addition to other operational costs. These direct costs are called the cost of goods sold (COGS), and this figure appears in the company's profit and loss statement (P&L).

Explanation:

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City Street Fund has a portfolio of $450 million and liabilities of $10 million. a. If there are 44 million shares outstanding,

Daniel [21]

Answer:

Explanation:

City street fund has a portfolio value of $450 million

Liabilities is $10 million

Outstanding shares is 44 million

Therefore the net asset value can be calculated as follows

Portfolio value-liabilities/no of shares outstanding

= 450 million-10million/44 million

= 440 million/44 million

= 10

Hence the net asset value is 10

3 0

3 years ago

Sylvestor Systems borrows $110,000 cash on May 15 by signing a 60-day, 12%, $110,000 note. 1. On what date does this note mature

Salsk061 [2.6K]

Answer:

1. On what date does this note mature? July 14

2-a. Prepare the entry to record issuance of the note.

May 15

Dr. Cash. 110,000

Cr. Notes Payable. 110,000

2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity.

Interest Maturity

Principle 110,000

Rate 12%

Time 60/360

Total interest 2,200

General Journal

Dr. Interest Payable. 2,200

Dr. Notes Payable. 110,000

Cr. Cash 112,200

6 0

3 years ago

A company is considering the purchase of a new piece of equipment for $90,000. Predicted annual cash inflows from this investmen

Nesterboy [21]

Answer:

3.5 years

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested from the cumulative cash flows.

The amount invested is $-90,000

In the first year , $-90,000 + $36,000 = $-54,000 is recovered

In the second year, $-54,000 + $30,000 = $-24,000 is recovered

In the third year, $-24,000 + $18,000 = $-6,000 is recovered

In the fourth year, $-6,000 + $12,000 = $6000 is recovered.

By the fourth year, the total amount invested is recovered as the cash flow turns postive

Pay back period = 3 years + $6000/$12,000 = 3.5 years

I hope my answer helps you

8 0

3 years ago

A ________ demand curve for shampoo would be caused by a change in the price of shampoo.

aleksklad [387]

Answer:

c) movement along

Explanation:

A change in price of shampoo would lead only to a movement along the demand curve for shampoos. The movement could either be up or down. If price increases, the movement is up and if prices decreases, the movement is down.

Changes in price affect the quantity demanded. If price is increased, quantity demand falls and if price falls, quantity demanded rises.

Other factors lead to a shift of the demand curve. Some of them include:

1. Change in consumers income

2. Change in taste

3. Change in price of subsituites.

I hope my answer helps you

6 0

3 years ago

During January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the

ivanzaharov [21]

Answer:

Inventory $200,000

Cash $50,000

Notes payable $150,000

Explanation:

Data provided in the question:

Cost of the inventory purchased = $200,000

Amount paid in cash = one-fourth

= one-fourth of $200,000

= $50,000

For the remaining balance signed a note i.e = $200,000 - $50,000

= $150,000

Now,

This transaction will be recorded as:

Inventory $200,000

Cash $50,000

Notes payable $150,000

3 0

4 years ago