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3 years ago

Financial statements does not cover a period of time but rather reports amounts at a specific point in time?

1 answer:

6 0

The answer is: Balance sheet
The balance sheet on the financial statements will show the total amount of each accounts that the company manages to accumulate throughout its operational years. The amount of the balance sheet on current year will be used as a starting point when calculating the balance sheet for the next year

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Nina Corp. had the following net income (loss) the first three years of operation: $6,700, ($1,200), and $3,800. If the Retained

RoseWind [281]

Answer:

The total amount of dividends paid over these three years is $8,600

Explanation:

The computation of the total amount of dividend for three years is shown below:

= Net income for first-year - net loss for the second year + net loss for the third year - ending retained earning balance

= $6,700 - $1,200 + $3,800 - $700

= $8,600

As we know,

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

So, we apply the same formula to compute the dividend amount

8 0

3 years ago

Katrina receives an offer to buy a box of candy through the mail each month. The letter says that she will begin receiving candy

Katarina [22]

Answer:D. Does not constitute an acceptance of the offer.

Explanation:A Contract is a binding agreement between two persons with sound mind, contract agreements are contestable in the Courts,but for it to be acceptable as an evidence in the court of law certain prescribed conditions must be met.

Their was no agreement between Katrina and the company candy company, because her consent was not sort by the Company,the company should have sort her consent and if possible get her to sign certain agreement that will prevent Indiscriminate violation of the terms of agreement.

3 0

3 years ago

If an advertisement is affiliated with a website's content, what might that suggest?

Zanzabum

Answer:

It suggests that the advertisement financially supports the website ( C )

Explanation:

Affiliation is the official attachment of businesses with common interest wherein one party controls or is in-charge of the business relationship between the parties. in some cases a third party might be in control as well.

The information found on an advertisement that is affiliated with a website content shows that the advert and the website are in business together hence the advert supports the website financially, because the details contained in the advert might be drawn from the contents of the websites.

5 0

2 years ago

In comparing the relationship between the promotional mix and the aida model, marketers have generally concluded that advertisin

Alina [70]

In comparing the relationship between the promotional mix and the Aida model, marketers have generally concluded that advertising they are most useful for drawing attention to your products and services.

In the advertising mix and the AIDA model, the main relationship of advertising is to get the customer's attention, and AIDA also stands for Attention, Interest, Desire, and Behavior, which is intended to be used in marketing and advertising. I mean The AIDA model represents the four phases that a consumer goes through before making a purchase decision.

The AIDA model, which stands for Attention, Interest, Desire, and Behavior Model, is an advertising effectiveness model that identifies the stages people go through in the process of purchasing a product or service.

Learn more about the Aida model at

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6 0

1 year ago

You are evaluating a project that will cost $500,000, but is expected to produce cash flows of $125,000 per year for 10 years, w

boyakko [2]

Answer:

1. 4 years

2. No

Explanation:

Payback period calculates the amount of time to recoup the total investment made on a project. It calculates how long the cash flows generated from a project would cover the cost of the project.

The cost of the project is $500,000

Cash flows are $125,000 per year for 10 years.

In the first year, the cost of the project is reduced by $125,000 and becomes $375,000.

In the second year, the cost of the project is reduced by $125,000 and becomes $250,000.

In the third year, the cost of the project is reduced by $125,000 and becomes $125,000.

In the fourth year, the cost of the project is reduced by $125,000 and becomes $0.

The cost of the project is totally recouped in the 4th year. therefore, the payback period is 4 years.

But the company has a preferred payback period of 3 years ,therefore , the firm won't undertake the project because the payback period is more than 3 years.

3 0

2 years ago