Answer:
The correct answer is Partial presentation.
Explanation:
Having the minimum presentation guidelines, the financial statements may be converted to basic statements or otherwise adapted to certain guidelines. The presentation is considered partial if it does not take into account one of the following items: (1) gross sales or income, (2) gross profit or cost of sales, (3) unusual or infrequent items, (4) provision for income taxes, (5) discontinued operations or extraordinary items, (6) income from continuing operations, (7) net income, (8) basic and diluted earnings per share, (9) significant changes in financial position.
Answer:
$5,050.25
Explanation:
The daily interest multiplier has already been stated to reflect interest earned over a 180-day investment timing horizon, hence , in order to determine the compound of $5,000 saved for 180 days, we simply multiply the daily interest multiplier for 180 days by the actual amount saved as shown below:
FV=PV*interest multiplier
FV=future value=amount in the savings account after 180 days=the unknow
PV=the amount placed in savings account= $5,000
interest multiplier= 1.010050
FV=$5,000* 1.010050
FV=$5,050.25
Answer:
Answer is option B $68.70
Total overhead costs
Assembling products (918000/54000)*3000.......510,000
Preparing batches (397440/2484)*1026.............164160
Product support (1134000/3780)*1188.............. 356400
Total overhead costs............................................ 1030560
Unit overhead cost = total overhead costs / number of units = 1030560/15000 = 68.70
Explanation:
Answer:
TVG
Times Interest Earned Ratio (TIER) = Earnings Before Interest & Taxes divided by Interest Expense
= $300,000/$$80,000 = 3.75 times
Explanation:
a) TVG Income Statement:
Revenue $3,000,000
Cost of goods sold 2,500,000
Gross profit $500,000
Depreciation 200,000
EBIT $300,000
Interest Expense 80,000
Pre-tax Income $220,000
b) TVG's TIER shows the number of times that its earnings before interest and taxes covers the interest expense. It shows the ability of the TVG to settle its maturing debt obligations from current earnings. It is an important financial performance measure which potential investors in TVG will use to gauge the ability of TVG to meet financial obligations from the earnings it generates.
