Answer:
The correct answer is letter "B": creating common-size financial statements.
Explanation:
In financial accounting, the phrase <em>"spreading the financial statements"</em> equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.
Answer:
c. The transaction history indicates a pattern of wire transfers to countries with no previous connection to the charity's activities.
Explanation:
Any type of Non profit organization or charitable institute is the most risky institution for terrorist financing, hence the transactions which are being performed by the charitable organization to countries which were not previously included in the transfers list will raise a red flag for potential terrorist financing and strict due diligence will need to be performed of that organization because there may be the case that those wire transfers are helping the terrorist finance their cost through legal means i.e from a charitable and well known organization. And this is how all this terrorist financing works.
Hope this clear things up.
Good luck.
Answer: A. $13000
During its first five years of operation, Mookie Consulting Services reported the following annual net income and dividend amounts:
Year Net Income Dividends
1 $22,000 $2,000
2 17,000 2,000
3 9,000 1,000
4 14,000 3,000
5 25,000 4,000
If Mookie had Retained Earnings of $88,000 at the end of year 5, what was the company's Retained Earnings at the beginning of
Year 1?
a. $13,000 d. $41,000
b. $23,000 e. some other amount
c. $37,000
Explanation: the difference between total dividends (75,000$) and total net Income (88000$) gives the Retained Earnings = $13000
Answer:
b. 42.12 days
Explanation:
Calculation for Graber company's average collection period will be:
Using this formula
Average collection period =Sales/[(Beginning accounts receivable +Ending accounts receivable)/2]
Let plug in the formula
130,000/[(18,000 + 12,000)/2]
=130,000/(30,000/2)
130,000/15,000
= 8.66days
Hence,
365/8.666666
=42.12 days
Therefore Graber company's average collection period will be 42.12 days
Answer:
the expected return of the portfolio is 11.76%
Explanation:
The computation of the expected return of the portfolio is shown below:
= Respective return × Respective weights
= 0.32 × 10.15 + 0.27 × 10.95 + 0.41 × 13.55
= 3.248% + 2.9565% + 5.5555%
= 11.76%
Hence, the expected return of the portfolio is 11.76%
The same should be considered and relevant