The financial statements of the Darlington Company report net sales of $500,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for Darlington?
Answer:
d. Been denominated in U.S. dollars.
Explanation:
If Mild's 20X4 operating income included no foreign exchange transaction gain or loss, then the transaction could have been denominated in U.S dollars.
Furthermore, if it was denominated in U.S. dollars, there is no foreign exchange gain or loss for Mild.
Hence, there would be a gain or loss for Grund.
Answer:
A). Failed to exercise due care.
Explanation:
As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.
Answer:
B. the amount by which government purchases and transfers exceed tax revenues.
Explanation:
Primary deficit is the borrowing requirements of government excluding interest. It is the addition of government purchases and transfers less tax revenues. It is the amount by which spending exceeds money received in form of revenues.
Mathematically
Primary Deficit = Government purchases + transfers - tax revenues.
Primary deficits is different from deficits as net interest isn't added.
Your answer will be $57.85 and heres why ;)
9.2% of $52.98 is $4.78
$52.98+$4.78=$57.85
hope i helped