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3 years ago

What is not an example of money?

Business

1 answer:

melamori03 [73]3 years ago

7 0

B. credit because credit is just how well you pay bills

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Suppose the comparative balance sheets of Windsor, Inc. are presented here. WINDSOR, INC. Condensed Balance Sheet May 31 ($ in m

umka2103 [35]

Answer:

since there is not enough room here, I prepared the comparative balance sheets on an excel spreadsheet.

Explanation:

WINDSOR, INC.

May 31 2017 2016

($ in millions)

Assets

Current Assets $9,520 $8,720

Property, plant, and equipment (net) $2,010 $1,870

Other assets $1,550 $1,610

Total assets $13,080 $12,200

Liabilities and Stockholders' Equity

Current Liabilities $3,210 $3,320

Long-term liabilities 1,210 1,290

Stockholders' equity 8,660 7,590

Total liabilities and stockholders' equity $13,080 $12,200

Download pdf

4 0

3 years ago

What type of relationship exists between interest rates and aggregate spending?

kakasveta [241]

Answer:

Explanation:

Higher real interest rates reduces aggregate expenditure by increasing the cost of loans while increasing the earnings from savings. Both factors reduce expenditures by reducing consumption and investments, and therefore, aggregate expenditure.

7 0

3 years ago

Read 2 more answers

Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a

ivolga24 [154]

Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100 Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

Cost of goods Sold = $58,100 + $418,500 - $92,600 = $384,000

Gross Profit = Sales - Cost of Goods Sold

= $643,000 - $384,000 = $259,000.

6 0

3 years ago

Aaron Company uses the periodic inventory cost flow method. If Aaron's ending inventory is understated due to an accounting erro

cestrela7 [59]

Answer:

a. net income= understated, retained earnings= understated

Explanation:

In accounting and auditing it is established that ending inventory and net income moves in the same direction when it comes to being overstated or understated. That implies that if ending inventory is understated, then cost of goods sold will be overstated by the same amount, and when costs are overstated it finally leads to net income and gross profit being understated.

Furthermore, since it is the net income that will be added to retained earnings thereafter, it implies that the lesser the net income the lesser will be retained earnings. Hence, understatement of ending inventory is understatement of net income and also retained earnings.

4 0

3 years ago

The free cash flow to the firm is reported as $205 million. The interest expense to the firm is $22 million. If the tax rate is

Sergeu [11.5K]

Answer:

The correct answer is $2,444.6 billion

Explanation:

FCFE= FCF+ Increase in debt- Interest (1-t)

= $205+$25-$22( 1-0.35)

=$215.7

Market Value = [(215.7)1.02)]/ [11%-2%]

=$2,444.6

Assuming a single period growth rate of 2%,

the forecasted FCFE =$215.7(1+0.02)

=$220.01 billion

Although this is not available in the options provided ,$220.01 billion is the correct answer.

4 0

3 years ago