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solmaris [256]
3 years ago
8

___________-reflects the true cash position of the company, and can differ from the balance that reflects the money that the bus

iness is left with after paying its operating expenses, interest expense, and taxes.
Business
1 answer:
ch4aika [34]3 years ago
3 0

Answer: net income

Explanation: Net income (also gross taxable revenue, net profit, end result, selling profit, or credit revenue) in company and accounting is a measure of a branch's profitability.

It is the revenue of a company versus the cost of selling goods, depreciation and amortization, taxes, and interest for a reporting period.Net earnings can be paid as a reward or kept by the corporation as an extension to uninvested cash by owners of common shares.

Although profit and earnings are interchangeably used mostly for income, net earnings and net profit are commonly observed as descriptors of net income.

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25,000 shares reacquired by Elixir Corporation for $53 per share were exchanged for undeveloped land that has an appraised value
Olegator [25]

Answer:

XX date. Acquisition of land in exchange for treasury stock.

Dr Land $1,550,000

    Cr Treasury Stock $1,325,000

    Cr Paid in Capital $225,000

Explanation:

Since the corporation uses the cost method, the transaction is recorded at purchase value regardless of current stock price.

treasury stock = 25,000 x $53 = $1,325,000

paid in capital = ($62 - $53) x 25,000 = $225,000

cost of the land = $1,325,000 + $225,000 = $1,550,000

7 0
3 years ago
Since your first birthday, your grandparents have been depositing $140 into a savings account every month. The account pays 12%
guajiro [1.7K]

Answer:

The correct answer is: $5,140.80.

Explanation:

Simple Interest is a quick method of calculating the interest charged on a loan or the interest accrued out of an investment. It is determined by multiplying the interest rate by the principal by the number of periods. It is one of the most common methods used in finance to calculate the return on certain investments.

In the example, the number of years considered to calculate the interest is 17 because the 18th year on interest is realized by the end of that year. Thus:  

  • Deposit per year: $140
  • Interest per year: $140 x 12% = $16.80
  • Interest accrued: $16,8 x 17 = $285.60

  • Total savings: (Deposit per year x number of years) + interest accrued
  • Total savings: ($140 x 18) + $285.60
  • Total savings: $5,140.80
5 0
3 years ago
Describe the 5 office layout.​
Morgarella [4.7K]

Answer:

The five most popular would be the...

Cubicle Office layout. This is the most popular and is basically a box with an opening.

Open Office layout. This is several rows of large desks. By definition, it is not very enclosed.

Co-Working Office layout. Less common, these are offices rented out to employees by third parties.

Team-Cluster Office layout. For teams working on something, this is a good way to go. One table where you can easily work together on things with each other as you go.

Hybrid Office layout. This one is a mix of a few others and customizable to a workplace's specific needs. Some of these don't even feel like offices!

5 0
3 years ago
A document in an auditor's working papers includes the following statement: "Our audit is subject to the inherent risk that mate
Y_Kistochka [10]

Answer: Option (2)

Explanation:

Engagement letter is referred to as an or known as an agreement for the services firm in order to provide the services to the client. This letter is known to be essentially an abbreviated agreement which defines services that are to be performed and also amount of the compensation that is to be paid. These letters are mostly required by the service firms that are engaged in the audit, tax, consulting, finance and legal advice.

7 0
4 years ago
Apple hosts a large number of forums, which become customers' primary source of product information after warranties expire and
ser-zykov [4K]

Answer:

D. online communities

Explanation:

-Social networks are sites where people can share information and communicate.

-Microblogs are a type of online blog that has short entries.

-Niche networks are networks that focus on a specific group of people.

-Online communities are groups of people that interact on the internet through forums, chat rooms to get information about specific topics.

According to this, these forums are an example of online communities.

4 0
4 years ago
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