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Alexus [3.1K]
3 years ago
13

An inexperienced accountant for Riverbed Corp showed the following in the income statement: income before income taxes $258,000

and unrealized gain on available-for-sale securities (before taxes) $94,900. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 34% tax rate. Prepare a correct statement of comprehensive income.

Business
1 answer:
Virty [35]3 years ago
6 0

Answer:

Kindly check attached file for the Comprehensive report

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A new machine can be purchased today for $450,000. The annual revenue from the machine is calculated to be $72,000, and the equi
shutvik [7]

Answer:

7.98%

Explanation:

The Rate of Return (ROR) is the gain or loss of an investment over a period of time compared to the initial cost

Starting year 2, Annual O&M cost in year N = Annual O&M cost in year (N - 1) + $750

Annual net benefit  = Annual revenue - Annual O&M cost

In year 10, Annual revenue ($) = 72,000 + 35,000 salvage value = 107,000

Rate of Return (ROR) of Annual net benefit is computed using Excel11 IRR function as follows.

Year (N) Revenue ($) Cost ($) NAB ($)

0                                     4,50,000 -4,50,000

1               72,000 4,500 67,500

2               72,000 5,250 66,750

3               72,000 6,000 66,000

4               72,000 6,750 65,250

5               72,000 7,500 64,500

6               72,000 8,250 63,750

7               72,000 9,000 63,000

8               72,000 9,750 62,250

9               72,000 10,500 61,500

10              1,07,000 11,250 95,750

ROR of NAB = 7.98%

6 0
2 years ago
If Expenses are greater than income, you have a surplus
Hunter-Best [27]
False. It's called net income.
A <em>surplus</em> is when your income exceeds your expenses.
6 0
2 years ago
Any purchased materials that will go into the finished product are first recorded in the.
VikaD [51]

Any material purchased will be recorded in the Raw material inventory account. The option for the first blank is raw and second blank is material.

<h3>What is Inventory Account?</h3>

Inventory Account refers to the account which records all the transactions related to the stock. It records the purchased of the stocks, work in progress, closing stock, opening stock etc.

The complete question is attached below.

The raw material inventory account is where all materials that will be used to create the final product are first registered.

Learn more about raw material here:

brainly.com/question/13376768

#SPJ1

3 0
2 years ago
Using a large value for order k in the moving averages method is effective in
Masteriza [31]

Answer:

The correct answer is A that is smoothing out the random fluctuations.

Explanation:

The higher values of K states the greater number of the values which need to be consider for forecasting.

When consider or taking the larger or the higher value of the irregular fluctuation which could be decreased or reduced.

And as a consequence, the large value of K will be used for smoothing of the random fluctuations.

Therefore, the right answer is smoothing of the random fluctuations.

4 0
3 years ago
What is Social responsibilities in business
Artemon [7]

Answer:

Social responsibility in business, also known as corporate social responsibility (CSR), pertains to people and organizations behaving and conducting business ethically and with sensitivity towards social, cultural, economic, and environmental issues.

8 0
3 years ago
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