Answer:
B) Sales and cost of goods sold should be reduced by the intercompany sales.
Explanation:
When a parent company consolidates its financial statements with its subsidiaries, it has to eliminate all the transactions involving intercompany sales.
In this case, Perez Inc. must adjust its consolidated financial statements by reducing the sales revenue and COGS of the transaction it made with Senior Inc. (its subsidiary).
True Often, a career in Family and Community Services may be entered and followed with only certification.
f. What is considered a license, but is not necessarily a degree?
certification
Answer:
The independent cases not given in the question are:
a. Case A: Market interest rate (annual): 4 percent.
b. Case B: Market interest rate (annual): 6 percent.
c. Case C: Market interest rate (annual): 8.5 percent.
At 4% issue price is $583,502.44
At 6% issue price is $501,500.00
At 8% issue price is $433,344.51
Explanation:
The price of the bond can be computed using the pv value formula in excel.
=pv(rate,nper,pmt,fv)
rate is the market interest given in the three cases divided by since the bond is a semi-annual interest paying bond. for example 4%/2=2%
nper is the time to maturity multiplied by 2 i.e 10*2=20
pmt is the coupon interest receivable by investor semi-annually which is 6%/2*$501,500=$15045
fv is the face value at $501,500
at 4%
=pv(2%,20,15045,501500)
=$583,502.44
at 6%
=pv(3%,20,15045,501500)
=$501,500.00
At 8%
=pv(4%,20,15045,501500)
=$433,344.51
Answer:
Following Statement is true
Operating income has increased as a percentage of revenue.
Vertical Analysis
Year 2 Year 1
Fees Earned $153,500 $149,700
Operating expenses <u>$122,800</u> <u>$127,245</u>
Operating Income $30,700 $22,455
Operating Income as percentage of sales 20% 15%
Operating Income as percentage of sales is increased in year 2.
<u>Which of the following statements are true?</u>
Operating income has decreased as a percentage of revenue.
Operating income has increased as a percentage of revenue.
None of these choices are correct.
Operating expenses have increased as a percentage of revenue
Answer: 592.614
Explanation:
She should spend 592.614 on wants because 592.614 is 30% of 1975.38
