Income statement financial statement is prepared last. An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame. You may better comprehend your company's financial situation by comparing the income statement to the balance sheet, cash flow statement, and cash flow forecast.
An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss statement. One of the more crucial financial figures you might examine for a company is the income statement.
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Answer:
6.06%
Explanation:
The computation of the rate of return is shown below:
Given that
NPER = 20 years
PV = ($280,000 - $80,000) = $200,000
PMT = $0
FV = $75,000 × PVIFA factor at 10% for 21 years
= $75,000 × 8.6487
= $648,652.50
The following formula should be applied
= RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the rate of return is 6.06%
Answer:
B.
standard test markets
Explanation:
Standard test markets is when a set of representative cities are selected and the full marketing mix is tested in these areas before a new product launch. The new products are sold through their normal channels to simulate reality.
Yummy peanuts is testing its new coconut flavored peanut butter in a group of representative cities. Aimed at forecasting national sales and profit. This is use of standard test markets.
Answer:
1. $6,000
2. $60
3. $8,180
Explanation:
With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000
As Lindsay would pay for a term of 3 years
=> In each year, the amount finance is: $2,000
In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60
=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180
The actual cost of the car for Lindsay to own:
Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180
= $8,180
The answer is true.
hope this helped :)
