Financial statements include Income statement, Statement of Owner’s Equity, Balance sheet and Cash flow statement. Statement of Owner’s Equity and Balance sheet are prepared at a particular date at the end of the financial year or period.
Hence, A calendar year reporting company preparing its annual financial statements should use the phrase "at December 31, 2016" in the heading of Statement of Owner’s Equity and Balance sheet.
Answer:
B. $30,000 and $15,000
Explanation:
We can compute this as follows,
We need to calculate flexed budget costs for the production of 125 boots.
Budgeted / boots are as follows,
Leather cost / boot = $240
Direct Labor / boot = $120
The costs that should have been for 125 boots are then,
Leather = 125 * 240 = $30,000
Direct Labor = 125 * 120 = $15,000
Hope that helps.
Answer: Pharaohs journal $
Date
December 31, 2017
StaffBonusexpensesDr384,900
Accruede liability Cr384,900
Narration. Staff bonus due as at date.
February 15,2018
Accrued liability Dr 384, 900
Bank Cr. 384,900
Narration. Payment of staff bonus due
Explanation:
In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.
The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.
Risk-adjusted discount rates are used for proposals with different levels or classes of risk.
hazard adjusted to go back is a degree to find how a whole lot return and funding will offer given the extent of risk-adjusted to it. It enables the investor to make a contrast between the excessive chance and the low-chance go-back funding.
Risk-adjusted go back on capital is a chance-primarily based profitability measurement framework for analyzing chance-adjusted economic overall performance and supplying a steady view of profitability across agencies. The concept was developed by Bankers who agree with principal designer Dan Borge in the overdue 1970s.
Any ratio above 1 is normally taken into consideration as excellent, with 2 to 3 being terrific and whatever beyond that an exquisite guess. In this manner, buyers can see the excess returns they could assume in a change in step with a unit of danger, as Mutual fund A may be taken into consideration the better funding although it returned much less on average.
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Answer:
Positioning
Explanation:
Positioning is the final process in segmenting, targeting and positioning (STP), and is the more business-orientated stage, where the business must assess its competitive advantage and position itself in the consumer's minds to be the more attractive option in these categories.
Positioning (or product positioning) is how the product is designed to be perceived in the marketplace by the target market against its main competitors. In other words, it’s basically how consumers understand the product offering and how it differs from similar competitive offerings.
