Describe two things you can do to make sure you are using another person's work fairly.

Which of the following statements regarding financial statement analysis is incorrect? A. The profit margin can be viewed as a m

irina1246 [14]

Answer: The current ratio measures a company’s effectiveness in using fixed assets to support sales.

Explanation:

The statement regarding a financial statement analysis that is incorrect is option E "the current ratio measures a company’s effectiveness in using fixed assets to support sales".

The current ratio is used by a company to know if there are enough resources that are available in order to meet the short term obligations of the company.

This is done through the comparison of the current assets of the company to the current liabilities of the company.

3 0

3 years ago

Kevin invested $8,000 for one year at a simple annual interest rate of 6 percent and invested $10,000 for one year at an annual

sergejj [24]

Answer:

$1,296

Explanation:

To get the total amount he earned, we calculate the simple interest the first and compound interest on the second investment

For the first;

I = PRT/100

Where I = the simple interest

P is the amount invested called the principal

R is the yield percentage called the rate

T is time frame of investment

For the first investment:

I = (8,000 * 6 * 1)/100 = $480

For the second investment

A = P(1 + R/n)^nt

A is amount

P is principal

R is rate

n is number of times, 2 in this case since it is semi annually

t is time, 1 year in this case

A = 10,000(1 + 0.08/2)^2

A= $10,816

Interest here is A - P

The interest earned is thus 10,816 - 10,000 = $816

Total amount of interest earned is thus $816 + $480 = $1,296

4 0

4 years ago

MacKenzie Manufacturing purchased equipment for $160,000. In addition, shipping charges of $2,000 were incurred to obtain the eq

postnew [5]

Answer:

The amount of depreciation expense each year is (D) $31,900

Explanation:

Total cost of the equipment = Purchased cost + Shipping charges + foundation and install fee = $160,000 + $2,000 + $12,500 = $174,500

MacKenzie Manufacturing use the straight-line method, Depreciation Expense each year is calculated by following formula:

Annual Depreciation Expense = (Cost of the equipment − Residual Value )/Useful Life = ($174,500 - $15,000)/5 = $159,500/5 = $31,900

5 0

3 years ago

A whole life insurance policy in which premiums are reduced for an initial period (e.g. 3 years) and are higher thereafter is an

sp2606 [1]

<span>This is an example of modified life policy. In modified life cycle, the premium differs at different stages of life. In the initial period, the person is fit and healthy and hence the premiums are low while at the later stage, a person develops various kinds of diseases and hence accordingly the premiums are increased at a later stage to compensate for that.</span>

3 0

3 years ago

A foreign subsidiary's functional currency is its local currency, which has not experienced significant inflation. The weighted

musickatia [10]

Answer:

b) Yes Yes

Explanation:

Wage expenses are a cost incurred by the companies to pay to the hourly employees and may also include the payroll taxes and the benefits that are paid to the employees. The weighted average exchange rate may vary from one year to another depending on the number of the business days.

Sales to the customers would also be not affected as the changes in the exchange rates by the foreign subsidy functional currency in ts local currency has not been inflated.

4 0

3 years ago