Answer:
b. Overstate operating income
Explanation:
According to my research on business financing terms, I can say that based on the information provided within the question the impact of this would be an overstated operating income. This refers to a balance that is documented as having more money than it actually has. This would be the case since the payroll payments have not yet been subtracted.
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Answer:
40%
Explanation:
The markup percentage to the variable cost using the variable cost method can be obtained by dividing the addition of the target profit and total fixed cost by the total variable cost as follows:
Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs = $120,000 + $50,00 = $170,000
The markup percentage to the variable cost = (Target profit + Total fixed cost) / Total variable cost = ($100,000 + $170,000) / $675,000 = $270,000 / $675,000 = 0.40, or 40%.
Therefore, the markup percentage to the variable cost using the variable cost method is 40%.
Answer:
rate of return on investment = 52.4%
Explanation:
<em>The rate of return earned on the investment can be worked out using the Future value of a lump sum formula. The future value of a lump sum is the amount lump would amount to if interest is earned and compounded at a certain interest rate.</em>
The formula is FV = PV × (1+r)^(n)
PV = Present Value- 1,400
FV - Future Value, - 2,134
n- number of years- 1
r- interest rate - ?
2,134 = 1,400× (1+r)^(1)
(1+r)^(1) = 2,134/1,400
r= 1.5242 - 1
r = 0.524
× 100 = 52.4%
r= 52.4%
rate of return on investment = 52.4%
Answer:
a pierce of the corporate veil
Explanation:
Piercing or raising the corporate curtain is a constitutional judgment to handle a business's rights and obligations as if they were the rights and responsibilities of its owners.
Typically, a company is regarded as a distinct legal entity that is entirely responsible for the obligations and the only recipient of credit it is owing.
The presumption of distinct personhood is generally upheld in common law nations but in extraordinary circumstances, the corporate veil may be "pierced" or "lifted."