Cash received prior to delivering a product or performing a service is called what

PeoplePapers, a greeting cards manufacturing company, has retail stores in most parts of the country. It hires its employees fro

Drupady [299]

OPTIONS:

A. Resources B. reserves. C. overheads. D. variable costs.

Answer:

A. Resources

Explanation:

Resources are factors that aid the production process of any business, which includes land, labor, capital, and management. All are combined together to make production successful. The organization’s processes, the employees and its equipment can be regarded as the company’s resources which are put together in the production of greeting cards for customers use.

8 0

3 years ago

VOTE TOM NOOK FOR PRESIDENT FOR 2024

algol13

:0

yas I will vote him!

lol

wait..no! He will just take our money. My answer is a maybe.

5 0

2 years ago

Read 2 more answers

0. Westcomb, Inc. had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $

Nadusha1986 [10]

Answer:

18.24

Explanation:

Sustainable growth rate is the rate of growth a company can afford in the long term

sustainable growth rate = retention rate x ROE

b = retention rate. It is the portion of earnings that is not paid out as dividends

Retention rate = 1 - payout ratio =

payout ratio = dividend / net income

retention rate = 1 - $44,640 / 72,000 = 0.38

Return on equity = net income / average total equity

= 72,000 / 150,000 = 0.48

g = 0.48 x 0.38 = 18.24%

3 0

3 years ago

If a company mistakenly forgot to record depreciation on office equipment at the end of an accounting period, the financial stat

gayaneshka [121]

Answer: Assets, net income, and equity overstated.

Explanation: Depreciation can be defined as the decline in value of assets.

A mistake to record depreciation which is the decline in value in asset will significantly affect the account records. If the asset in a financial record is overstated, the net income and equity are also overstated because the asset is used in calculation of net income and equity.

8 0

3 years ago

(Growth) The U.S. Census estimated that the world population was 6 bil- lion in 1999, and it was increasing 212,000 per day. Wha

lianna [129]

Answer:

Annual growth rate = 1.29% per year

Population in 2050 = 11.53 billion

Explanation:

Data provided in the question:

Population in 1999 = 6 billion = 6,000,000,000

Rate of increase in population = 212,000 per day

Now,

Number of days in a year = 365

Therefore,

Annual growth rate

= [ Growth rate per day × Number of days in a year ] ÷ initial population

= [ 212,000 × 365 ] ÷ 6,000,000,000

= 0.0129 per year

or

= 0.0129 × 100%

= 1.29% per year

Now,

2050 is 51 year from 1999

Population in 2050 = Population in 1999 × ( 1 + rate )ⁿ

= 6,000,000,000 × ( 1 + 0.0129 )⁵¹

= 11.53 billion

7 0

3 years ago