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3 years ago

Joyner company’s income statement for year 2 follows:

1 answer:

3 0

Joyner company’s income statement for year two follows:<span>

The Sales are $702,000.
The Cost of Goods Sold, all in all, is $67,000.
The Net Operating Income, on the other hand, is $418,000.
<span>And lastly, the Net Income is priced as $256,800.</span></span>

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Although the federal reserve had traditionally made discount loans only to commercial banks, in response to the financial crisis

irina1246 [14]

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2 years ago

Which of the following is a correct statement? Group of answer choices Risk is a measure of magnitude or size. There is no relat

olganol [36]

Answer:

The combination of performance materiality and the audit risk model factors determines planned audit evidence.

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3 years ago

3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $23,000 cash; (b)

-Dominant- [34]

Answer: (a)Dr: Cash $23,000, Cr : Machine $23,000, (b) Dr : Cash $92,000, Cr : Machine $92,000, (c) Dr: insurer $33,500, Cr: Machine $33,500

Explanation:

(a) The journal entry will be

Dr: Cash $23,000

Cr : Machine(Asset) $23,000

(b) The journal entry will be

Dr: Cash $92,000

Cr: Machine (Asset) $92,000

Dr: insurer $33,500

Cr Machine( Asset ) $33,500

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3 years ago

Read 2 more answers

Consider the futures contract written on the S&P 500 index and maturing in one year. The interest rate is 4.2%, and the futu

Anarel [89]

Answer:

$1,534.372

Explanation:

The computation of the expected level of the index in one year is shown below:

= Current index level × 1 + expected rate of return on the market - expected future value of the dividend paid over the next year

= $1,433 × (1 + 8.4%) - $19

= $1,553.372 - $19

= $1,534.372

We simply applied the above formula so that the expected level of the index in one year could come

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3 years ago

When a company pays its bill from a plumber for previous services on account:(A) Its debt to equity ratio always decreases. Corr

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The correct answer is B

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3 years ago