Answer:
E. Revenues
Explanation:
The sale of products or services brings about revenue to the business.
The revenue according to the accrual concept is recognized when an entity has performed its obligation of delivering goods or rendering services to its customers.
Sale revenue has the expenses deducted from it in a bid to ascertain the company's profitability or the bottomline
Answer:
$46.82
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated using a financial calculator
Cash flow in year 1 = $3.06
Cash flow in year 2 = $3.42
Cash flow in year 3 = $3.78 + $56 = $59.78
I = 13%
Present value = $46.82
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Impact on Net Earnings to Sales and Net Earnings to Total Book Assets:
a) A company's Net Earnings to Sales and Net Earnings to Total Book Assets will increase from the 30% due to the 30% increase in sales. This is because the Cost of Goods Sold remained constant.
b) Net Earnings to Sales and Net Earnings to Total Book Assets will decrease by 30% as a result of the increase in Property, Plant, and Equipment, because these also increased the operating and administrative expense, even though Sales and Cost of Goods Sold remained constant.
Explanation:
The net earnings to sales express the ratio of the net income to the sales revenue. The net earnings are the result of deducting all costs from sales revenue. The net earnings to total book assets are the same expression as the Return on Assets.
Answer:
D) Yes, a valid contract was formed on July 15th when the letter of acceptance was sent.
Explanation:
Legal CONTRACT: An arrangement between two parties to provide a goods or services that is statute, written or verbal contract enforceable by law.
Basics for a valid contract: 1.Free Parties approval. 2.The legal review i.e. there must be legitimate approval
