Balance sheet.
The balance sheet shows assets, liabilities, and stockholder's equity. Buying the van on credit would be a liability.
The answer to the question is "It would be probably high".
If you get your first credit card while you are a full-time student, what you can expect about the card's ARP (Annual Rate Percentage) on outstanding balances is would be probably high.
Answer:
We have to find Western Country Corporation's net income, and cash balance at the end of 2018.
The answers are:
Net Income = $200 million
Ending cash balance = $100 million
Explanation:
Net income is equal to sales revenue - cost of goods sold - other expenses
Net Income = $850 million - $255 million - 425 million
= $200 million
Ending cash balance is equal to beginning cash + cash receipts (inflows) - cash payments (outflows)
Ending cash balance = $85 million + $710 million - $400 million - $285 million
= $110 million
The cost of a hard drive installed in a computer is option B direct materials cost.
<h3>What is d
irect materials cost?</h3>
Direct material cost can be described as the cost of the raw materials as well as the components that is been utilized in the creation of a product.
Therefore, The cost of a hard drive installed in a computer is direct materials cost , and the direct material cost serves ad the physical items that is been absorbed into the product and it is been used in the accounting which do help in making the financial analysis that is needed in the company, for instance a baker must include the cost of flour as well as other items needed for baking.
Therefore, option B is correct.
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