All categories

3 years ago

Which of the following is not a typical adjustment made to the income statement for projection purposes?

Business

1 answer:

ankoles [38]3 years ago

7 0

Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

Another application will be to know the external financing needs for the period you want to know.

The most common and practical method of projecting financial statements is based on sales.

You might be interested in

Cali Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its first

victus00 [196]

Answer:

The preparation is presented below:

Explanation:

The preparation of the retained earnings statement for the year ended July 31, 2018 is presented below:

Cali Communications'

Retained Earning statement

For the year ended July 31, 2018

Beginning balance of retained earning $0

Add: Net income $5,150

Less: Cash Dividend paid -$0

Ending balance of retained earning $5,150

6 0

3 years ago

A couple will retire in 50 years; they plan to spend about $22,000 a year in retirement, which should last about 25 years. They

Serga [27]

Answer:

Annual deposit= $2,803.09

Explanation:

<u>First, we need to calculate the monetary value at retirement:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {22,000*[(1.08^25) - 1]} / 0.08

FV= $1,608,330.68

Now, the annual deposit required to reach $1,608,330.68:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,608,330.68*0.08) / [(1.08^50) - 1]

A= $2,803.09

3 0

2 years ago

Why is it important that the military be able to evacuate supplies and people when necessary? When might they need to do this?

Marrrta [24]

It is important for the military to be able to evacuate supplies when necessary because then they can ensure the supplies will be safe the same with people. they do this during a war, major storms, and when plagues happen.

5 0

3 years ago

The severalty owner of a parcel of land sells it to a buyer. The buyer insists that the owner's wife join in signing the deed. T

choli [55]

Answer:

A. Waive any marital on homestead rights

Explanation:

According to my research on different realty or property laws, I can say that based on the information provided within the question the purpose of obtaining the wife's signature is to waive any marital on homestead rights. She would be signing a homestead waiver which is a document where the spouse of a homeowner gives up the statutory homestead rights under applicable state law.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

An unfinished desk is produced for $35.65 and sold for $64.20. A finished desk can be sold for $76.00. The additional processing

Grace [21]

Answer:

Differential revenue from further processing:

= $11.80.

Explanation:

a) Data and Calculations:

Cost of production of an unfinished desk = $35.65

Selling price of an unfinished desk = $64.20

Selling price of a finished desk = $76.00

Additional processing cost = $6.15

Revenue per finished desk $76.00

Revenue per unfinished desk 64.20

Differential revenue $11.80

Differential cost per desk:

Cost of unfinished desk $35.65

Additional cost for producing 6.15

Differential from further processing $41.80

Unfinished Finished Differential

Revenue $64.20 $76.00 $11.80

Cost of production (35.65) (41.80) (6.15)

Net income $28.55 $34.20 $5.65

4 0

2 years ago