Answer:
The statement which is false is D) .
Explanation:
Income statement helps in assessing the current and past performance of the company, it also helps in predicting the future performance and in assessing the risk present in future in obtaining cash flows. Income statement are prepared through two methods either single step format ( which is used by sole proprietor and partnership firms ) or multi step format ( used by corporations ) .
In the single step format , all the income items are group together and are subtracted from the total cost, while in multi step format , a company breaks all the sources from where the revenues and cost have come, it is used to take out various measures like gross profit, operating profit etc.
A common size statement is one of the type of income statement where each account item is represented as a percentage of total sales value.
Option D is false because discounted operations and extraordinary transactions appear on both the single step and multi step format , these transactions are written as written as footnote below the statement.
Benefits: You do not have to carry large amounts of cash with you
drawbacks: You have to pay interest rates
it is technically a loan
hope this helps
Based on his deductible and coinsurance cap, the amount that Barry will pay is <u>$4,560.</u>
<h3>Amount Barry will pay </h3>
Barry will have to pay the entire deductible of $1,200. The expenses that are left will then be shared between him and the insurer in a 20% - 80% ratio but he will not pay more than $5,000.
Total he will pay out of pocket is therefore:
= Deductible + ( 20% x (Medical expenses - deductible))
Solving gives:
= 1,200 + ( 20% x (18,000 - 1,200))
= $4,560
In conclusion, he will pay $4,560.
Find out more on insurance payments at brainly.com/question/25973180.
Answer:
The correct answer is b. $1,300,000
Explanation:
The computation of unearned service revenue is shown below:
= Outstanding service contracts for 2011 + Outstanding service contracts for 2012 + Outstanding service contracts for 2013
= $380,000 + $570,000 + $350,000
= $1,300,000
The other amounts are not considered in the computation part. So, it is ignored.
Thus, the $1,300,000 is the amount which should be reported as Unearned Service Revenues in Eaton's December 31, 2010 balance sheet.
Hence, the correct answer is b. $1,300,000
Answer: $16.69
Explanation:
Using the Dividend growth model, the value is:
= [Dividend 1/ (1 + required return)] + [Dividend 2/ (1 + required return)²] + [Terminal value / (1 + required return)²]
Terminal value = Dividend after 2 years / (required return - growth)
= 2.50/ (14.5% + 0%)
= $17.24
Dividend 1 = 3.60 * ( 1 -30%) Dividend 2 = 2.52 * ( 1 -30%)
= $2.52 = $1.76
Market value = (2.52 / 1.145) + (1.76 / 1.145²) + (17.24/1.145²)
= $16.69
