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2 years ago

9

The 2017 balance sheet of DG Inc. showed LT debt of $2.0 million, the 2018 balance sheet showed LT debt of $2.3 million. The 201

8 income statement showed interest expense of $200,000. What did the firm’s financing section of the cashflow statement show during 2018?

1 answer:

nexus9112 [7]2 years ago

7 0

Answer: idk

Explanation:

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The objectives of internal control are to a.prevent fraud and promote the social interest of the company b.provide control over

Marina86 [1]

Answer:

d.provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

Explanation:

The purpose of internal controls is to provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

By definition: An internal control is a procedure or policy put in place by management <u>to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behavior.</u>

Summarily, internal controls are put in place as a process to prevent employees from stealing assets or committing fraud.

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2 years ago

Assume that a U.S. firm considers investing in British one-year Treasury securities. The interest rate on these securities is 12

MArishka [77]

Answer:

equal to the british interest rate

Explanation:

Data provided in the question

The Interest rate on these securities = 12%

In the U.S, the interest rate = 10%

Also the spot rate for today would become suitable for the spot rate

Based on the above information, the effective yield on the british securities would be equivalent to the british interest rate and hence the same is to be considered

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2 years ago

Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2018, the FIFO cost of the ending

Assoli18 [71]

Answer:

reported as income for all three years is $7,000

Explanation:

given data

cost of the ending inventory = $181,000

market value inventory = $160,000

to find out

Shondee Corporation must add income

solution

we get here Income per year that is

Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year ..............................1

put here value we get

Income per year = $\frac{181000 - 160000}{3}$

Income per year = $\frac{21000}{3}$

Income per year = $7000

so reported as income for all three years is $7,000

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2 years ago

Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The compan

4vir4ik [10]

Answer:

1.- selling 530 units will achieve 2,300 operating profit

2.- sales for $82,100 will achieve 8,900 operating profit

Explanation:

sale price 130

variable 65

contribution margin 65

$\frac{Fixed\:Cost + Target \: Profit }{Contribution \:Margin} = Units\: to\: Profit$

(32150 + 2,300) /65 = 530 units

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Sales\: To\: Profit$

$\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio$

65/130 = 0.5

(32,150 + 8,900) / 0.5 = 82,100

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2 years ago

Betty Brown is currently developing a mission statement for her boutique. In what stage of growth is Betty's business?

soldi70 [24.7K]

I believe the answer is either C or d

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2 years ago

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