Answer: check
Explanation:
A <em>check</em> is drawn on a financial institution and is payable upon demand.
The Company's preliminary Net Income can be determined as $575.
Preliminary net income = Total Revenue - Total Expenses
= $575 ($4,230 - $3,655)
Revenue:
d. Sales Revenue $680
f. Service Revenue $2,870
i. Service Revenue $680
Total Revenue $4,230
Expenses:
a. Wages Expense $1,700
e. Utilities Expense $1,360
h. Travel Expense $115
k. Advertising Expense $480
Total Expenses $3,655
Thus, the company generated a preliminary net income of $575 for the period.
Learn more about determining net income at brainly.com/question/19850768
Answer:
The correct answer is True.
Explanation:
In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.
Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.
Answer:
The correct option B ,stock price increased proportionately with the dividend increase
Explanation:
To a rational investor, the price tag on a share is given by the expected dividend divided by the investor's rate of return.
To illustrate this further, the increase in dividend in percentage terms is calculated thus:
=($1.48-$1.45)/$1.45=2.07%
The divided has increased by 2.07%
Assuming investor's rate of return is 10%, we can calculate the price of the stock when dividend is $1.45 as well as when it is $1.48
price=$1.45/0.1=$14.5
price=$1.48/0.1=$14.8
The increase in price is computed thus:
(14.8-14.5)/14.5=2.07%
There is no doubt that an increase in dividend of 2.07% brought about the same increase share price ,hence choice of answer.
