Answer:
increase its production of building stone
Explanation:
Answer:
Net Sales = $343,630
Gross Profit = $127,140
Net Income = $67,000
Explanation:
XYZ Company
Income Statement
For the year ended, Dec 31, 20xx
Particulars $
Sales Revenue 367,810
Less: Sales returns and allowances (10,000)
Less: Sales discounts <u> (14,180)</u>
Net Sales 343,630
Less: Cost of goods sold <u> (216,490)</u>
Gross profit 127,140
Less: operating expenses <u> (28,500)</u>
Income from operation 98,640
Less: Income tax expense <u> (31,640)</u>
Net Income <u>67,000</u>
Answer: Option (A)
Explanation:
Fair values mostly tends to exist for the marketable security but this in terms does not state that this method is applicable. For instance if investor tends to control the entity with the traded equity, therefore the investment is centralized and thereby, fair-value method of accounting is not being used.
Therefore, from the given options we can state that option (A) does not precisely describes the fair value method.
Answer:
Wenjing
The par value that would result in the return the bond broker promises is:
= $1,333.
Explanation:
a) Data and Calculations:
Bond amount paid = $2,000
Quarterly coupon payments = $40
Remaining coupon payments = 12
Bond maturity period = 3 years (12/4)
Promised returns per quarter = 3%
Par value of bond = Quarterly premium/Quarterly returns in percentage = $1,333 ($40/0.03)
Check: 3% of $1,333 = $40
This implies that the bond's annual interest rate = 12% (3% * 4)
