The three most frequent misconceptions are that net income equals cash, net income excludes estimates, and net income reports all changes in value that occurred during the accounting period.
One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements. The income statement, which is often referred to as the profit and loss (P&L) statement or the statement of revenue and expense, primarily focuses on the company's revenue and expenses over a specific time period. Understanding how to study an income statement is the greatest approach to evaluate a business and choose whether or not to invest.
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Explanation:
This is :
This situation describes undue influence, which arises from a relationship in which one party can, through unfair persuasion, influence or overcome the free will of another. Other examples of such relationships include business partners, attorney-client, and doctor-patient. A contract entered into under undue influence lacks voluntary consent and is voidable. In this question, the influence of Evan over Nero is buttressed by Nero’s reliance on Mervyn for support. Nero does not have a claim for duress, but Mervyn’s influence over Nero’s investment decision is an exercise of undue influence. The contract is primarily for the benefit of Mervyn, and Mervyn used unfair persuasion in securing Nero’s funds. Nero can avoid the contract.
A category of data such as a customer's name, city, state, or phone number is called a field.
<h3>What is a field in data organization?</h3>
Field can be regarded as the smallest unit of data organization, which contains a specific category of data , and these data could be customer's name, city, state or phone number.
Hence, A category of data such as a customer's name, city, state, or phone number is called a field.
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Answer:
Cash balance is $652,440
Explanation:
The cash balance is computed as:
Cash balance = Checking account balance + Cash Advance
= $651,600 + $840
= $652,440
Future plant expansion would not be included in cash balance because it is restricted to use as it is kept for future expansion.
Advance to executive will not be included in the cash balance because it is an advance which is receivable in future.
Refundable deposit will also not be included as it is refundable in nature and act as receivable.
Treasury bill is not included as it represent temporary investment.
Answer:
3.108 mi
Explanation:
at present the workforce complement = 471 which has to grow by 10%
So, the complements after growth = 471 x 1.1 = 518 (rounded off)
Total recruiting cost = No. of complements x ($1000 + Recruiting spend)
= 518 x ($1000 + $5000)
= $3,108,000 i.e. 3.108 mi
