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PolarNik [594]
4 years ago
12

The income statement measures the flow of funds into (i.e. revenue) and out of (i.e. expenses) the firm over a certain time peri

od. It is always based on accounting data. True False
Business
1 answer:
Alik [6]4 years ago
6 0

Answer:

The answer is True.

Explanation:

Income statement ultimately shows the profit or the loss of the Organizational activities.

The data used in the preparation of the income statement are based on the accounting information are are always based on accounting information.

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For america, the ________ was a great failure of foreign intelligence, a great tactical military success, and a great political
Liula [17]
The Tet offensive was considered to be one of the great debacles of foreign intelligence, wherein it yielded a military success however suffered a great political defeat. In addition, the military operation was considered to be one of the largest military offensive in the course of the Vietnam War.
4 0
4 years ago
Eccles Inc., a zero growth firm, has an expected EBIT of $100,000 and a corporate tax rate of 30%. Eccles uses $500,000 of 12.0%
Feliz [49]

Answer:

$587,500

Explanation:

You are required to calculate the value of the levered firm;

vL = vU + Dt, whereby;

vL = Value of levered firm

vU = value of unlevered firm

Dt = debt * tax ; which is the tax shield

Find value of unlevered firm;

vU = [EBIT(1-tax) ]/ rE

    = [100,000(1-0.30)] / 0.16

    = 437,500

Value of levered firm;

vL = 437,500 + (500,000*0.30)

   = 437,500 +150,000

   = $587,500

6 0
3 years ago
Silver Co. has a $330 petty cash fund. At the end of the first month the accumulated receipts represent $56 for delivery expense
xxTIMURxx [149]

Answer and Explanation:

The journal entry is shown below:

Delivery expenses Dr $56

Merchandise inventory Dr $179

Miscellaneous expenses $25

                 To Cash $260

(Being the reimbursement of the account is recorded)

For recording this we debited all expenses and credited the cash as it increased the expenses and decreased the assets

3 0
3 years ago
1. Jones files a lawsuit against BigMoney, LLC, a brokerage firm registered with the Securities and Exchange Commission. In the
tester [92]

Answer:

Jones is right in this lawsuit

Explanation:

Arbitration is the process by which disputes are settled between parties. When there is a disagreement between parties an arbitrator comes in to give a fair and unbiased view of the situation.

A solution that is agreed to by all parties is agreed upon to settle.

In this scenario where Jones is filing a lawsuit against BigMoney LLC for violating the Securities Exchange Act by engaging in fraudulent excessive trading, this is a violation of the law and not a dispute between parties.

So the arbitration clause is is not binding and the arbitration clause should be nullified.

5 0
3 years ago
A _____ is a business structure of interdependent organizations that reaches from the point of product origin to the consumer, w
Oksi-84 [34.3K]

Answer:

C) marketing channel or channel of distribution

Explanation:

The distribution channel (or marketing channel or downstream supply chain) refers to the chain of businesses that act as intermediaries through which a product or service passes. The distribution channel starts at the producer of the product or service and ends in the final customer.

4 0
4 years ago
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