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3 years ago

A yearly statement of the financial condition, progress, and expectations of an organization

Business

2 answers:

prohojiy [21]3 years ago

5 0

This is an annual report.

An annual report is a report that is given or done yearly for the financial condition or progress of an organization.

kogti [31]3 years ago

5 0

This is a report for annual assessments.

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Sharon would make an adjustment entry to __________ to record the $500 her company received from a customer to perform future se

makkiz [27]

Answer:

the ending balance of the unearned revenue is $3,225

Explanation:

The computation of the ending balance is shown below:

= Amount received from the customer for performing the future service + balance in the account

= $500 + $2,725

= $3,225

Therefore the ending balance of the unearned revenue is $3,225

The above formula should be applied

5 0

3 years ago

On her way to a concert, Hermione stopped at a restaurant for dinner. In her purse, she had 12 bills worth a total of $40. She h

katovenus [111]

The correct statement will be that the maximum number of $5 bills that can be in Hermione's purse will be 7. So, the correct option that matches the statement is D.

The number of bills of $5 are seven, as Hermione also has at least one bill of $1.

<h3>Calculation of bills. </h3>

Considering Hermione has at least one bill of $1, then the computation of total bills out $40 can be shown as below,

$40= 1+x$

where <em>x </em>is the number of $5 bills

So we know that the maximum number of bills of $5 that can be kept by Hermione is 7 as $35 is the nearest number possible and seven bills of $5 will constitute $35.

Hence, it can be concluded that option D is correct that there are seven bills of $5 in the purse of Hermione and hence there will be five bills of $1 in her purse.

Learn more about bills here:

brainly.com/question/16405660

3 0

3 years ago

Which of the following statements is not true about an evaluative interview?

Natasha2012 [34]

The correct answer is B.

The interviewer will be taking notes with recommendations for the next person in the process, since the interviewer won't be the sole person making the rejection/acceptance decision.

4 0

3 years ago

Read 2 more answers

Howard Co. had the following first-year amounts for a $7,000,000 construction contract: Actual costs $2,000,000 Estimated costs

Dmitrij [34]

Answer:

estimated loss from the project is $1,000,000

correct option is a. ($1,000,000)

Explanation:

given data

contract price = $7,000,000

Actual costs = $2,000,000

Estimated costs = 6,000,000

Progress billings = 1,800,000

Cash collected = 1,500,000

to find out

What amount should Howard recognize as gross profit (loss)

solution

we get in the amount to complete the project that is

amount to complete = contract price - Actual costs - Estimated costs

amount to complete = $7,000,000 - $2,000,000 - 6,000,000

amount to complete = - $1000000

so estimated loss on project

so that the total $1,000,000 loss must be recognize

so correct option is a. ($1,000,000)

5 0

3 years ago

"You found out that now you are going to receive payments of $8,500 for the next 16 years. You will receive these payments at th

Paraphin [41]

Answer:

Present value= $62,722.875≈ $62,723

Explanation:

To calculate present value use this formula

Present value= Yearly payment*{[1-(1+rate)^-period]/rate}

Present value= 8,500*{[1-(1+0.11)^-16]/0.11}

Present value= 8,500* {0.8117/0.11}

Present value= 8500*7.379= $62,722.875

5 0

3 years ago