Answer:
<h3>Required:</h3>
1. (a) Which company has the better profit margin? (b) Which has the better asset turnover? (c) Which has thebetter return on assets?
2. Which company has the better rate Of growth in sales?
3. (a) Did Roak successfully use financial leverage in the current year? (b) Did Clay?
I dont know but i think its
B) 1
Answer:
correct option is D) Recognize interest revenue.
Explanation:
- Interest income is the income that a company receives from any investment or on its own debt and every penny taken on a logistic investment or loan is believed to pay some interest. Items sent to the buyer usually become debt that needs to be added without wires.
- so due to the position in the contract that the payment will be made four months later, the concept of time value of money is the basis of the interest income formula.
- Time value of money is a basic economic concept that involves the present money rather than the future money. This is true because the money you have at the moment can be invested and earned so that you can make a large amount of money in the future.
- If a party is asked to forfeit the time value of money in a business transaction, it must be compensated, hence the interest revenue.
Answer:
B. Subtract both values from balance according to books.
Explanation:
There is an option below the question ask for details
The NSF and service charges are recorded in the bank statement and to balance it should be recorded in books as well. So these two items would be deducted from the books so the book balance will be got reduced
As bank reconciliation means the balance of bank and the balance of cash should be equal and balanced
