Answer:
Comparability
Explanation:
Comparability is a characteristic of the information presentation of accounting information. It is required that the use of standardized accounting principles aid in making the accounts of two different enterprises to be compared to enable decision making among investors or for the allocation of investible resources. Without this comparability it becomes difficult to determine where resources would be put. Comparability can also be applied with the same company when it is able to compare its performance from one period to the other. This is also enabled by the use of standardized principles which have been consistently applied.
Answer:
Apollo's return on equity is 38.17%
Explanation:
The formula to compute the return on equity is shown below:
Return on equity = Net income ÷ total equity
where,
Net income = $50,000
And, the total equity is
= Common stock + retained earnings
= $10,000 + $121,000
= $131,000
Now put these values to the above formula
So, the value would equal to
= $50,000 ÷ $131,000
= 38.17%
Answer:
$27,656.00
Explanation:
Information given;
Amount in $
Bank balance 34,351.00
Deposit in transit 4,240.00
Service charge 39.00
Interest earned 95.00
Outstanding checks 10,935.00)
NSF check deposit 650.00
Book balance 28,250.00
Considering the above, the transactions yet to be captured and to be adjusted in the books as at April 30 are as shown below.
Amounts in $
Book balance 28,250.00
NSF Check (650.00)
Interest earned 95.00
Service charge (39.00)
Adjusted book balance <u>27,656.00</u>
Answer: C) Corporation
Explanation: A Corporation can be Simply defined as a legal entity who's privileges, liabilities and rights are different or separate from the group of person who created it. That is, if the business get sued to court, what ever the punishment or retribution is, it will not directly affect the owners but the business itself. If the company's car on duty accidentally crashed into a person's shop, the company will pay for it, not the driver or the owners of the business.
So corporation means any group of person with a legal entity.