Answer:
$131,180; 21.53%
Explanation:
The controllable margin and the return on investment for 2017 are as follows:
Controllable Margin = Sales - Variable cost - Controllable fixed cost
= $567,200 - $340,320 - $95,700
= $131,180
Return on investment = Controllable Margin ÷ Average operating assets
= $131,180 ÷ $609,100
= 0.2153
= 21.53%
False.A person's net worth statement shows a person's net worth based on assets and liabilities Done through:
Assets- money or items of value (car, house)
Liabilities- debts you owe (loans)
Answer:
The concept of equivalence, also known as economic equivalence, describes the reduction of a series of cash inflows (benefits) and cash outflows (costs) to a single point in time, using a single interest rate, which enables the cash flows to be compared or equated. This implies that while the amounts and timing of the cash flows (both inflows and outflows) may differ, an appropriate interest rate, factoring in the time value of money, will cause one set to be equal to the other. Therefore, to establish economic equivalence, series of cash flows that occur at different points in time must be equalized using a single interest rate through present value calculations.
Explanation:
The concept of equivalence describes a combination of a single interest rate and the idea of the time value of money. This combination helps to determine the different amounts of money at different points in time that are equal in economic value, such that a person would not hesitate to trade one for the other.
For example, if the interest rate is 10% in Year 1 and in Year 2 and you are to be paid $1,000 in Year 1, it will not make any difference to you if you are paid $1,100 in Year 2. This is because, given the prevailing interest rate of 10%, the value you receive in Year 1 and Year 2 are equivalent.
An addition on the book side would this information be included on the bank reconciliation.
Explanation:
A bank reconciliation is the method of comparing a cash account with the same details on a bank report on the assets of an individual. The aim of this step is to assess the gaps between the two and to make some adjustments to the accounts. The financial statement details is the bank's database of all transactions in the last month involving the company's bank account.
The key method for a bank reconciliation is to continue at the conclusion of the bank's cash balance, to offset any transfer transfers from the business to the bank, to delete any checks not approved from the bank and to add or subtract all other things.