How many copies of "The 7 Habits of Highly Effective Teens" has Sean Covey sold?

E1-7 Preparing an Income Statement [LO 1-2]Home Realty, Incorporated, has been operating for three years and is owned by three i

Juli2301 [7.4K]

Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

6 0

2 years ago

John Smith, a U.S. based businessman paid the equivalent of $20 to an official of the country of Murundi to expedite the overnig

AleksandrR [38]

Answer:

Grease payment

Explanation:

A grease payment is a payment made to a government official with the goal of expediting a transaction, process or request. It can be obtained through extortion from the government official, by voluntary contribution from the non-goverment official, or by mutual agreement, either explicit, or implicit.

In practice, it is essentially the same as a bribe, and the term could be considered a colloquial euphemism.

3 0

2 years ago

If A sells to B, and B obtains title while goods are in transit, the goods were shipped .If C sells to D, and C maintains title

astraxan [27]

Answer:

The answer is a. Free on Board (FOB) shipping point, Free on Board (FOB) destination.

Explanation:

In the case of A to B, the goods were shipped at FOB shipping point because the title passes to B while the goods are in transit. FOB shipping point means that the seller of a goods passes the title to the buyer at the point where the goods are being delivered to the designated carrier of the buyer.

In FOB shipping point, once the goods have transferred to the carrier to convey to the buyer, the buyer obtains title immediately not minding that the goods are yet to arrive at the buyer`s door. In addition, any risk of damage or loss of goods in transit are solely borne by the buyer because title has passed immediately seller transfers the goods to the carrier designated by the buyer. This is true in A to B case because B obtains title while goods are in transit. So the goods were shipped at FOB shipping point.

For C to D, the goods were shipped at FOB destination because buyer obtains title only when the goods arrive at his/her door. Conversely yo FOB shipping point, the risk of damage and loss of goods in transit is entirely borne by the seller because the title has not passed to the buyer until the goods arrive at the buyer`s door.

4 0

3 years ago

Which of the following statements best describes how a change in a firm’s stock price would affect a stock’s capital gains yield

mel-nik [20]

Answer: The capital gains yield on a stock that the investor already owns has a direct relationship with the firm’s expected future stock price.

Explanation:

The Capital Gains on a security refers to the increase in the price of the security from the cost that it was bought at. The Yield can therefore be calculated by dividing the difference between the Security Price now and the Security Price at cost by the Security Price at Cost.

If the price is higher than the cost, that is a Capital Gain. The reverse is a loss.

Therefore, a Company's future stock price is directly related to the Capital Gains Yield of an investor who is already holding the stock. If the future price increases, the Capital Gains Yield on that stock will go up. The reverse is true.

5 0

2 years ago

"Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $ 1 comma 100, variable costs are

zhannawk [14.2K]

Answer:

250 dresses

Explanation:

The first task would be to compute before tax net income when after tax net income is $21,000 at the tax rate of 30%

After tax net income=before tax net income*(1-t)

t is the tax rate of 30% or 0.30

after tax net income is $21,000

$21000=before tax net income*(1-0.3)

$21,000=0.7*before net income

before tax net income=$21,000/0.7=$30,000

Target units for before tax net income of $30,000 is computed thus:

target number of dresses=fixed cost+target profit/contribution per unit

fixed cost is $120,000

contribution per unit=sales price-variable cost

=$1,100-$500=$600

target number of dresses=($120,000+$30,000)/$600=250 dresses

6 0

3 years ago