Answer: If you wanted to conduct a comparative analysis for the current year, you would ANALYZE THE FIRM'S FINANCIAL RATIOS OVER TIME (FROM PREVIOUS YEARS, WITH MUCH CONCENTRATION ON THE CURRENT YEAR)- WHICH HELPS IN ESTIMATING THE LIKELIHOOD OF IMPROVEMENT OR DETERIORATION IN ITS FINANCIAL CONDITION, AND WILL EVENTUALLY HELP TO ADDRESS THE ISSUES OF THE CURRENT YEAR.
Answer:
$35,260
Explanation:
Calculation to Determine the proper amount of net income for 2021
Unadjusted net income $33,000
Adjustments:
a. Insurance expense overstated $2,800
[4,200-(4,200/3)]
b. Sales revenue overstated $(675)
c. Supplies expense overstated $645
d. Interest expense understated $(510)
(12%*17,000*3/12)
Adjusted net income $35,260
Therefore the proper amount of net income for 2021 will be $35,260
Answer:
When interest rates change, there are real-world effects on the ways that consumers and businesses can access credit to make necessary purchases and plan their finances. It even affects some life insurance policies. This article explores how consumers will pay more for the capital required to make purchases and why businesses will face higher costs tied to expanding their operations and funding payrolls when the Fed changes the interest rate. However, the preceding entities are not the only ones that suffer due to higher costs, as this article explains.
Explanation:
Answer:
Lytle River Company
c. the source of the water, and any contaminants and health concerns.
Explanation:
When Lytle River Company sends to every household that it supplies with water an annual statement, the statement should indicate the source of the water that Lytle River Company supplies. It should also contain information about possible contaminants and other health concerns to enable the households understand how the water they drink is treated and how they should use it. This information is important to safeguard households. It will also help them to know the parties to be held liable for pollution problems.
Corporate bonds, should be the answer