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 net income is $15,750
Now the return on sales would equal to
= Net income ÷ net revenue
= $15,750 ÷ $62,950
= 25%
The given return on sales is 16% but the calculation says that the return on sales is 25% which reflects improvement in profitability
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
The answer is Joint Venture. It is the agreement or the business arrangement of two or more companies that agrees to share resources for a specific purpose without loosing their identities. The companies will share expenses, looses and profit associated with the venture but their other business interest will remain separate.
Answer:
Find attached complete part of the question.
The unrealized gains is $3500
Explanation:
Y stock has been disposed and its gains or losses are now realized, and it is not applicable to our computation now.
Unrealized gains or losses is the difference between purchase price of a stock and its current market price
Stock X=($43-$40)*1500=$4500 gains
Stock Z=($21-$22)*1000=-$1000 losses
So unrealized gains overall =$4500-$1000
unrealized gains =$3500
Note that the price of stock X has risen to $43 from initial $40 while that of company Z has fallen to$21 from the initial $22.
I
Answer:
Increase; fall
Explanation:
Due to the slightly above normal rainfall levels which led to a large black morel harvest, <em>the supply of the commodity will increase</em>.
However, since demand for the commodity is expected to remain the same as it was in 2007 despite the increase in supply, <em>the equilibrium price is expected to fall</em> as supply exceeds demand.
Answer: I will vote in favor of the bill.
Explanation:
Based on the above scenario, I would vote in favor of the bill. The argument here is in the case of bankruptcy, if an individual is willing to pay their dues but because of unavoidable financial circumstances, the individual seeks more time or other assistance which can help so that the person will later pay. I believe it's a good idea which should be supported by the law.
The court should have the right to decide terms of mortgages to help debtors in order for them to pay their debts in future rather than forcing them to leave the house. It will also help the country deal with issue of facilitating housing to maximum number of individuals.
In my opinion, the judge's decision should be given prime importance as the judge must evaluate the intention of the debtor and the capability of the debtor to pay the debts