Answer:
D) You should include only the amount by which your room-and-board expenses exceed the expenses for rent and food if you were not in college.
Explanation:
If you decide not to go to college you might be making a mistake, but you will still be alive, and you would also need to spend money on food and shelter. The only exception here is you decide to enter the Army, then your living expenses will be extremely low.
That is why you need to include only room and board expenses that exceed your normal living expenses.
Answer:
The vertical analysis based on net sales would show 45.94% and 74.13% for cost of goods sold.
Explanation:
Vertical Analysis: The vertical analysis does the analysis of the financial statements which is based on the sales value.
In mathematically,
Vertical Analysis = Financial Statement item ÷ sales value × 100
So,
For the cost of good sold. the vertical analysis would be:
For the Latest amount of cost of good sold:
= Latest amount of cost of goods sold ÷ Latest sales value × 100
= $17,000 ÷ $37,000 × 100
= 45.94%
For the updated amount of cost of goods sold:
= updated amount of cost of goods sold ÷ updated sales value × 100
= $43,000 ÷ $58,000 × 100
= 74.13%
Hence, the vertical analysis based on net sales would show 45.94% and 74.13% for the cost of goods sold.
One of the disadvantages of issuing stock is the fact that it dilutes the earnings for shareholders.
The more shares there are, the less earnings.
Answer:
Businesses begin to hire again.
Explanation:
Economic recovery is <u>the phase of the economy that follows a recession, during which an economy regains and exceeds peak employment</u> and output levels prior to downturn.
A recovery period is <u>characterized mainly by</u> high levels of growth in real gross domestic product, <u>employment</u>, corporate profits, and other indicators.
Therefore as given in the scenario, ''after several quarters of a severe recession, the reason there might be <u>a decrease in the official unemployment rate is because of growth in employment as businesses begin to hire again.</u>
Answer and Explanation:
The preparation of the cash budget for the month of March ended is presented below:
Cash Budget
Particulars Amount ($)
Opening Cash Balance 72,000
Add: Cash Receipts from Sales 300,000
Total Cash Available 372,000
Less:
Cash Payments
Purchases 140,000
Salaries 80,000
Cash Expenses 45,000
Repayment of Bank Loan 20,000
Total Payments -285,000
Closing Cash Balance 87,000
We simply deduct the all payments from the total cash available so that the ending balance of cash could come
