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Aleks [24]
3 years ago
14

The net income as shown on the common-size income statement of Omega industries for the past three years increased from 3% to 6%

. This indicates that the firm is increasing its _____ProfitabilityThe enterprise value multiplier allows for comparing the value of firms with different ______ structures.CapitalIn a financial plan using the percentage of sales approach, why is it assumed that some assets increase with sales?Additional working capital and fixed assets are needed to support growthWhich of the following statements is most likely correct for afirm with days’ sales in receivables for 30 days
Business
1 answer:
vlada-n [284]3 years ago
3 0

Answer:

See explanation section

Explanation:

Req. A & B

If there is an increase in the net income over the year, the company is in profitability condition. As Omega industries are getting increased net income, it suggests their profitability.

EVM or enterprise value multiplier allows a company to compare the capital structure that the company uses. It is commonly used for valuing a business.

Req. C, D & E

In a financial plan, if the sales increase, it should be because of increasing working capital and fixed assets. We know, additional assets can generate more revenues.

A firm can collect approximately 8% of its annual sales at any given time. It can be found through the following way-

since the days' sales in receivables for 30 days in a year, the percentage of annual sales = (30 ÷ 365) × 100 = 8.22% or 8%

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A banking department form required when a person is acting as a mortgage broker and a real estate broker in the same transaction
Anna007 [38]

Answer:

Mortgage Broker Dual Agency Disclosure Form

Explanation:

The Mortgage Broker Dual Agency Disclosure Form is a document a broker needs to fill in when he/she acts as a mortgage broker and real estate broker in the same operation to inform the buyer and the seller before he/she can provide the services and it must be signed by both parties. So, according to this, the answer is that a banking department form required when a person is acting as a mortgage broker and a real estate broker in the same transaction is known as the Mortgage Broker Dual Agency Disclosure Form.

3 0
3 years ago
The 12-month period a business chooses for its accounting period is a/an A. calendar year. B. accounting period. C. fiscal year.
lilavasa [31]
The accounting period is also referred to as reporting period. It is the time period for which a company or organization make reports about its financial performance and financial results.
Calendar year is the accounting period that follows the regular calendar year, from January to December.
Accounting period is the general term that describes accounting periods.
Fiscal year or financial year is the general term used to describe an annual accounting period.
Accounting cycle on the other hand is the process of making the financial reports.
According to these definitions,
<span>he 12-month period a business chooses for its accounting period is a fiscal year.</span>



7 0
3 years ago
In a proposal to install and monitor a security system statements such as "our company has over 25 years of experience" should a
daser333 [38]

Answer:

body

Explanation:

5 0
3 years ago
Read 2 more answers
Paper Company receives a $6,000, three-month, 6% promissory note from Dame Company in settlement of an open accounts receivable.
7nadin3 [17]

Answer:

The correct entry is d. Notes Receivable, Dame Company6,000 Accounts Receivable, Dame Company6,000

Explanation:

Note receivable is a written promise to get a specific amount of money at a chosen future date. In other words, a Notes receivable is an asset of Paper Company because it holds a written promissory note from Dame Company. Since Paper Company is receiving cash, it an asset (Asset means the possessions of a company). The note receivable is due within a year, and then it is a current asset on the balance sheet

In this question, Paper Company will debit it note receivable and credit it account receivable (amount owed by Dame Company) as shown on the journal below

General Journal                                  Debit    Credit

Notes Receivable—Dame Company $6,000

Accounts Receivable—Dame Company  $6,000

6 0
3 years ago
Following a public outcry, the CEO of a nationwide consumer bank was forced to apologize to and recompense customers for whom th
Marizza181 [45]

Answer:

internal administrative costs, tangible costs, and intangible costs

Explanation:

Internal administrative costs: the bank had to incur in administrative expenses because it had to fire many account managers (the total number wasn't so large, Wells Fargo fired about 5,300 employees, 100,00 are simply too many). This increases hiring costs and controlling costs.

Tangible costs: the bank had to compensate millions of customers and that costs money.

Intangible costs: the bank's brand image and reputation suffered a lot, and it will take a long time for customers to trust them again.

5 0
3 years ago
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