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3 years ago

How many of the following items are found on the balance sheet, rather than the income statement?

Business

1 answer:

hjlf3 years ago

8 0

Answer:

B) Six of these items are found on the balance sheet.

Explanation:

Six items fall under assets or liabilities or share capital, which only appear in the balance sheet rather than income statement.

The items are the following;

Accounts receivable

Accrued payable

cash

Plant and equipment

Marketable securities

Retained earnings

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Netpass company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000 shares of treasury stock. the

irinina [24]

<span>The company has issued only 510,000 shares out of authorized 600,000 common stocks. As we know that dividend is paid only on issued shared, and treasury stocks do not get any dividend. So the total amount of dividend that will be paid = 0.65 * 510,000 = $331,500</span>

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3 years ago

A stock has had the following year-end prices and dividends:

bagirrra123 [75]

Answer:

Year Price Dividend Return

1 43.31 - -

2 48.29 0.51 12.68%

3 57.21 0.54 19.59%

4 45.29 0.60 -19.89%

5 52.21 0.65 16.71%

6 61.29 0.73 18.79%

arithmetic returns basically refer to the mean (or average) of the returns = (12.68% + 19.59% - 19.89% + 16.71% + 18.79%) / 5 = 47.88% / 5 = 9.58%

geometric returns involves multiplying the returns and then squaring them = ⁵√(1.1268 x 1.1959 x 0.8011 x 1.1671 x 1.1879) - 1 = 1.0840 - 1 = 0.084 = 8.40%

3 0

3 years ago

Write any 4 points regarding the nature of target customers, which in the present times has led to the growing importance of ‘Pe

Kryger [21]

Answer:

A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:

What kind of people we’re looking?
Where to find them?
What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?
How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?

Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.

Explanation:

Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.

7 0

3 years ago

On June 1, 2016, Enne Brahtz Corporation received $3,600 as advance payment for 12 months' advertising. The receipt was recorded

Simora [160]

Answer:

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Explanation:

The adjusting entry is shown below;

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account

The six months could be computed from June 1 to December 31

8 0

4 years ago

During 2017, Kate Holmes Co.'s first year of operations, the company reports pretax financial income at $250,000. Holmes's enact

r-ruslan [8.4K]

Answer:

a. $224,000

c. Journal Entry

Explanation:

a. Taxable income for 2017 = Pretax financial income - Temporary sales - Depreciation + Unearned rent

= $250,000 - $96,000 - $30,000 + $100,000

= $224,000

c. Journal Entry

Income tax expenses Dr, $111,200

($224,000 × 45%) + ($50,400 - $40,000)

Deferred tax assets Dr, $40,000

To income tax payable $100,800

($224,000 × 45%)

To Deferred tax liability $50,400

For computing deferred tax

Temporary differences Future taxable Tax rate (Assets) Liability

Installment sales $96,000 40% $38,400

Depreciation rent $30,000 40% $12,000

Unearned rent ($100,000) 40% ($40,000)

Totals $26,000 ($40,000) ($50,400)

6 0

4 years ago