Answer:
summarizes and documents the firm's financial activities during the past year
Explanation:
A firm's annual report must include a comprehensive report about the firm's financial and operational activities throughout the year. The SEC requires public corporations to prepare and disclose quarterly reports (every 3 months) that are available to both stockholders and other people interested in them. Generally private companies are required to prepare at least one annual report.
Answer:
B. $2,190
Explanation:
Calculation for the net present value of the proposal
Using this formula
Net present value=(Annual cash flow×Discounted present value)- Machine purchase amount
Let plug in the formula
Net present value=($14,000 ×5.335)-$72,500
Net present value=$74,690-$72,500
Net present value= $2,190
Therefore the Net present value will be $2,190
Answer:
$337100 and $1422700.
Explanation:
According to the scenario, computation of the given data are as follows,
Cost of Land = Purchase of land + Demolition of old building + Legal fees - Salvage material
Cost of Land = $324,000 + $19,300 + $4,100 - $10,300
= $337,100
Now, Cost of Building = Architect's fees + Construction cost
Cost of Building = $35,700 + $1,387,000
= $1,422,700
Answer:
Current Assets:
Cash $12,480
Debt Investments (short-term) $9,840
Accounts Receivable $16,800
Supplies $4,560
Prepaid Insurance $3,120
