Answer:
The correct answer is E
Explanation:
ROE termed as or stand as Return on Equity, which is described as the profitability ratio that evaluates the firm ability for generating the profits from its shareholders investment in the company or firm.
The formula to represent ROE is value of Net Income attributable to the equity shareholders.
ROE = Net Income agter Taxes / Shareholders Equity
And there is one more formula which is a disaggregation of ROE into the non- operating as well as operating components, which is as:
ROE = [ROE +(FLEV × Spread)] x NCI
Therefore, option A and C are correct.
Answer:
Cash Collection is $122,000
Receivable as on August 31, is $97,000
Explanation:
Total budgeted cash collection in the month of August is $122,000 and total receivables as on August 31 is $97,000.
A schedule for the cash collection is made in MS Excel file, which is attached with this answer, please find it.
Answer:
b. debit to Vacation Pay Expense for $16,400.
Explanation:
current month's accrued = total current's vacaction cost/12
= $196,800/12
= $16,900
Adjusting journal entry will be:
Dr Cr
vacation pay expenses $19,600
to vacation payable $16,900
Therefore, The journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a debit to Vacation Pay Expense for $16,400.
Section 8 does not require you to pay them back
Answer:
B. only the traditional format of the income statement.
Explanation:
There is only one format under US GAAP, that is the traditional format, the variable costing format or the contribution margin format are all concepts of cost accounting, and not of accounting.
As per US GAAP the books are prepared in traditional format income statement. No other format is followed for reporting and presenting the financial statements of the company.
Therefore, correct option is:
Option B