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kow [346]
3 years ago
15

Disclosure notes to a company's financial statements: Are irrelevant facts that are immaterial in amount. Are relatively unimpor

tant facts that don't belong in the basic financial statements. Document the source of financial statement facts, like literary footnotes. Are an integral part of a company's financial statements.
Business
1 answer:
ki77a [65]3 years ago
7 0

Answer:

Are an integral part of a company's financial statements.

Explanation:

Disclosures notes explain or elaborate on the data presented in the financial statement.

Summary of significant accounting policies. Conveys valuable information about company´s choices from among various alternative accounting methods.

Subsequent events. A significant developement that occurs after the company´s fiscal year end but before the financial statements are issued or available to be issued.

Noteworthy events and transactions. Transactions or events that are potentially important to evaluating a company´s financial statements.

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Sally was driving her own car and collided with a pickup truck. sally sustained $125,000 in injuries, and her passenger sustaine
Sergio039 [100]
It would be $125,000 + $10,000=$135,000 the insurance company would need to pay
4 0
4 years ago
Read 2 more answers
Empire Industries is considering adding a new product to its lineup. This product is expected to generate sales for four years a
Fudgin [204]

Answer:

$1,758.71

Explanation:

NPV = -$62,000 + $16,500 / 1.148 + $23,800 / 1.1482 + $27,100 / 1.1483 + $23,300 / 1.1484

NPV = $1,758.71

7 0
3 years ago
What can a borrower do to take control of their debt? O A. The borrower can apply for more credit cards. O B. The borrower can c
alexgriva [62]

The thing a borrower can do to take control of their debt is The borrower can create a payment plan.

<h3>What is a debt?</h3>

Debt refers to amount money borrowed or things someone owed a person and promises to refund or return back when it is available.

A borrower borrowed from the lender and it is the borrower that is in debt.

Therefore, The thing a borrower can do to take control of their debt is The borrower can create a payment plan.

Learn more about debt below.

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4 0
2 years ago
Barnes Company reports the following operating results for the month of August: sales $320,000 (units 5,000); variable costs $21
jekas [21]

Answer:

Explanation:

Selling price per unit = $300000 / 5000 units = $60 per unit

Increase in selling price by 10% = $60 + $60*10% = $60 + $6 = $66

1. Sales (5000 units * $66) $330000

less: variable expenses ($222000)

Contribution margin $108000

less: fixed cost ($71900)

Net income = $36100

2. If variable cost is reduced to 60% of sales

Sales $300000

less: variable cost (reduce 60%) ($180000)

Contribution margin $120000

less: fixed cost ($71900)

Net income = $48100

3. If fixed cost is reduced to $19000

Sales $300000

less: variable cost ($222000)

Contribution margin $78000

less: fixed cost (reduce by $19000) ($52900)

Net income = $25100  

Actual net income is $6100 ( sales $300000 - variable cost $222000 - Fixed cost $71900)

Case 1 : increasing the price will lead to an increase in the net income from $6100 to $36100

Case 2 : Reducing the variable cost will lead to an increase in the net income from $6100 to $48100

Case 3 : Reducing the fixed cost will lead to an increase in the net income from $6100 to $25100.

3 0
4 years ago
In the _____ stage of selecting information technology projects, organizations select information technology projects. a. busine
nika2105 [10]

Answer:

d. resource allocation

Explanation:

Resource allocation involves assigning resources to various uses according to the most expedient or important in most cases.

These resources can include time, tools, people, etc. If these resources are not well allocated and managed there might be a disruption in the project.

3 0
4 years ago
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