Answer:
Net Income 516,000
Explanation:
Net income = revenue - expenses
sales revenue 1,318,000
COGS (549,000) (A)
Operating expenses <u> (253,000) </u>
Net Income 516,000
(A)
<u>To calculate the COGS we will use the inventory identity</u>
50,000 + 554,000 = 55,000 + COGS
50,000 + 554,000 - 55,000 = COGS
COGS = 549,000
All the following are leading indicators except stock prices. Option A
This is further explained below.
<h3>What are stock prices?</h3>
Generally, Every share of stock that is issued by a publicly traded corporation is automatically assigned a stock price.
The price is a representation of the worth of the firm, or the amount that members of the general public are prepared to pay for a share of the company.
It can and will go up and down depending on a variety of factors in the global environment and within the company itself. These fluctuations are inevitable.
In conclusion, Except for stock prices, each of the following can be considered a leading indicator.
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When there is a shift in the supply and demand curve for goods and services
Answer:
b. If a firm's assets are growing at a positive rate, but its retained earnings are not increasing, then it would be impossible for the firm's AFN to be negative.
Explanation:
AFN represents Additional Funds Needed and that whenever a company plans for expansion it should have resources, generally these are borrowed from outside.
So when the firm is growing positively it have profits with it and simultaneously if there is no increase in retained earnings then it means the company is distributing such profits as dividends, and in that case there will be a positive balance of AFN as, the funds are still needed even in case of profits.
Thus, in no manner the balance of AFN will be negative in this instance.
<span>DEED. The attorney involved in conveyancing is the person who takes the desires of the buyer and seller and translates them into reality by drafting and recording appropriate deeds or similar instrument.There are two type of deeds commonly used in real estate transactions.The most common of deed is warranty deed.A warranty deed transfers ownership and also explicitly promises that the grantor/seller holds good title to the property.The other form of deed is quitclaim deed.A quitclaim transfers any ownership interest the grantor/seller has in the property,but makes no promises or guarantees about what that interest is or that title is good.</span>
