Answer:
$3,260
Explanation:
Preparation of December statement of cash flows for Ernst Consulting
ERNST CONSULTING Income Statement
For Month Ended October 31
REVENUES
Consulting fees earned $17,450
Total revenues $17,450
EXPENSES
Rent expense $4,530
Salaries expense $8,090
Telephone expense $880
Miscellaneous expenses $690
Total expenses $14,190
Net income $3,260
($17,450-$14,190)
Therefore December statement of cash flows for Ernst Consulting will be $3,260
Answer:
A. A captive brand
Explanation:
-A captive brand is when a brand is produced by another party and owned by the retailer but there is no evidence of this and it is only sold by it.
-A complementary brand is when a brand is marketed together with another one to encourage the purchase of both.
-A cooperative brand is when a brand shares a promotion with another one.
-An exclusive brand is a brand that is produced by the retailer and it is sold using its name.
-A generic brand is when a product doesn't have a brand name and it has a lower price than the ones from well-known brands.
According to this, the answer is that the type of private label brand that carries no evidence of a retailer s affiliation, is manufactured by a third party, and is sold exclusively at the retailer is a captive brand.
Answer:
Contingencies are potential liabilities that might result because of a past event
Explanation:
Reasonably possible losses are only described in the notes and remote contingencies can be omitted entirely from financial statements.
The real interest rate given the nominal and inflation rate is -2 percent
<h3>How to calculate the real interest</h3>
The formula for calculating real interest given the nominal and inflation rate is expressed as:
Real interest rate ≈ nominal interest rate − inflation rate
Given the following
Real interest = 4%
inflation rate = 6%
Substituting into the formula
Real interest rate = 4% - 6%
Real interest rate = -2%
Then the real interest rate given the nominal and inflation rate is -2 percent
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