Answer:
The income statement shows the income items and expense items that are earned by a company for an accounting period. The balance sheet shows assets, liabilities, and the ending balances of equity items. The statement of changes in stockholders equity shows the changes of equity accounts, such as retained earnings and common stock, from its beginning balance to its ending balance. The statement of cash flows shows the inflow and outflow of cash for an accounting period.
Explanation:
Answer:
C. Management Role
Explanation:
Micah is in a management role at his company because all the functions that he performs are functions of management in the an organisation.
The management functions include, Planning, Organizing, controlling and leading. The manager mainly plan the work of the organisation, coordinates the activities of others and direct them towards the achievement of the organisational goals and objectives.
Answer:
buyer-side marketplace
Explanation:
Buyer-side marketplace is where a buyer usually make demand for certain products at a place where such products are sold. Here, a single or small number of large buyers are involved whereas cost and time are reduced same with purchasing processes, which are greatly managed by the buyers. There is also the implementation of uniform pricing in this type of market model. The advantage of buyer side market place to the seller is little or no maintenance cost.
Answer:
The balance of the cash account after these transactions were posted for $40,300
Explanation:
The computation of the balance of the cash account is shown below:
= Cash invested - paid cash for the receptionist's salary + cash collection for giving custom frame service
= $40,000 - $1,200 + $1,500
= $40,300
The other items which are mentioned in the question reflected credit sales so we do not consider these items.
Answer:
Price will increase by $277.58
Explanation:
Market rate of Interest of a zero coupon bond can be determined by following formula
Market Rate of Interest = [ ( F / P )^(1/30) ] - 1
4.25% = [ ( $5000 / P )^(1/30) ] - 1
0.0425 + 1 = ( $5000 / P )^1/30
( 1.0425 )^30 = (( $5000 / P )^1/30)^30
3.4856 = $5000 / P
P = $5,000 / 3.4856
P = $1,434.46
Now Calculate the change in Price
Change in price = $1,434.46 - $1,156.88 = $277.58
Price will increase by $277.58
