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3 years ago

1. Compound interest is:

Business

1 answer:

andrey2020 [161]3 years ago

6 0

Answer:

Explanation:

The answer is D. It is the interest computed on the sum of the original principal and accrued interest.

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The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amo

hichkok12 [17]

Answer:

$324,000

Explanation:

The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below:

Cash flow from Operating activities

Net income $275,000

Add : Depreciation expense $30,000

Add: Amortization expense $4,000

Add: Decrease in accounts receivable $6,000 ($102,000 - $108,000)

Add: Decrease in inventory $5,000 ($88,000 - $93,000)

Less: Increase in prepaid expenses -$2,000 ($8,500 - $6,500)

Add: Increase in account payable $6,000 ($95,000 - $89,000)

Net Cash flow from Operating activities $324,000

4 0

3 years ago

Rates at business hotels are typically much lower on weekends than during the week

7nadin3 [17]

Answer: I think is True

Explanation: I hope that helps :)

5 0

3 years ago

Analysis of the general environment enables a firm to identify: a. capabilities b. opportunities and threats c. strategic resour

attashe74 [19]

Option B

Analysis of the general environment enables a firm to identify: opportunities and threats

<u>Explanation:</u>

The general environment usually has a sturdy impact on a firm's level of achievement, officials must pursue biases and circumstances as they emerge and attempt to envision the associations of these biases and circumstances.

The environmental inquiry is an imperative tool. It is a manner to distinguish all the outside and subjective factors, which can influence the organization’s execution. The review involves valuing the level of threat, an opportunity the determinants might impersonate. These determinants are succeeding rendered into further means.

6 0

3 years ago

If a finance lease contains a bargain purchase option, the lessee should amortize the leased asset: Multiple Choice Over the ter

Finger [1]

Answer:

Over the economic life of the asset.

Explanation:

An asset obtained under a financial lease must be depreciated in the same way as the company would depreciate any other similar fixed asset. E.g. a leased truck should be depreciated similarly to other trucks owned by the company.

In a financial lease, the lessor amortizes the asset's value, while the lessee depreciates the assets as common fixed assets (a lessee doesn't amortize).

3 0

3 years ago

Mercer, Inc. provides the following data for 2019: Net Sales Revenue Cost of Goods Sold The gross profit as a percentage of ne

Setler [38]

The question is incomplete as it is missing the figures. The complete question is,

Mercer, Inc. provides the following data for 2019:

Net Sales Revenue 598000

Cost of Goods Sold 350000

The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)

Answer:

Gross profit as a percentage of net sales = 0.4147 or 41.47%

Explanation:

The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.

Gross profit = Net Sales - Cost of goods sold

Gross Profit = 598000 - 350000 = $248000

The gross profit as a percentage of net sales is,

Gross profit as a percentage of net sales = Gross profit / Net Sales

Gross profit as a percentage of net sales = 248000 / 598000

Gross profit as a percentage of net sales = 0.4147 or 41.47%

5 0

3 years ago