Need help please Financial statement and ratios quiz

When would you need to use the Rule of 72?

kumpel [21]

The "Rule of 72" is a method used to determine how long an investment will take to double, given a fixed annual rate of interest. It is a shortcut to estimate the number of years required to double your money at a given annual rate of return. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.

6 0

3 years ago

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Rug Designs Inc, a manufacturer of large area rugs, markets its products throughout the United States using a network of regiona

lidiya [134]

Answer:

The correct answer is territorial.

Explanation:

The territorial sales force occurs in large companies that through the implementation of regional sales office seek to optimize customer visit time processes, reduce travel expenses and increase revenue.

The greatest benefits of this territorial strategy is to reach new customers through personalized targeting that will meet the demand and characteristics of customers in a given geographic region. In addition to optimizing logistics processes, productivity and cost reduction.

7 0

3 years ago

The division of labor means that:_______.a) labor markets are geographically segmented. b) unskilled workers outnumber skilled w

rewona [7]

Answer:

c) workers specialize in various production tasks.

Explanation:

The division of labor means that people, instead of performing a large number of tasks by themselves, only perform a few, or a single task, for which they specialize.

The division of labor is a characteristic of the modern economy, and without it, the levels of production and technology that we have today would not be possible.

4 0

4 years ago

Susan fires her Employee/Agent Martin. They had a disagreement and both decided to part ways. However, Martin had a sour taste i

scZoUnD [109]

Answer:

in this scenario, susan and sam has not done any wrong things.

but Martin has manipulated sam to take revenge from susan for firing him.

so in this case, no susan is not obliged to pay. she can take action against martin and after proving in a court of law about martin's manipulation, he will be liable to pay.

Explanation:

5 0

4 years ago

1) Prepare an ending 2015 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold

anygoal [31]

Answer:

Ending retained earning for 2015 = $345,000

Total Assets = $645,000

Shareholder's equity = $445,000

Total liabilities = $200,000

Explanation:

a. Income Statement for the year ended 2015

Details $

Sales 800,000

Cost of Goods Sold 300,000

Gross profit 500,000

Advertising Expense (1,000)

Administrative Expenses (35,000)

Depreciation Expense (40,000)

Rent Expense (5,000)

Operating income 419,000

Interest Expense (24,000)

Income before tax 395,000

Taxation (40% * $395,000) (158,000)

Net income 237,000

Dividend paid (137,000)

Retained earning for the year 100,000

Beginning retained earning 245,000

Ending retained earning 345,000

a. Balance sheet as at the year ended 2015

Details $ $ 

Assets:

Beginning Net Fixed Assets 600,000

Depreciation 40,000

Ending Net Fixed Assets 560,000

Current Assets:

Cash 20,000

Accounts Receivables 20,000

Inventory 45,000

Total Assets 645,000

Shareholder's Fund:

Common Stock 100,000

Ending retained earning 345,000

Shareholder's equity 445,000

Bonds Outstanding 160,000

Accounts Payable 20,000

Accruals 20,000

Total liabilities 200,000

Total equities and Liabilities  645,000

8 0

3 years ago