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3 years ago

Which of the following is true with respect to the auditors' report on summary financial statements?

Business

1 answer:

son4ous [18]3 years ago

8 0

Answer:

D) The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.

Explanation:

The only statement which is true is that which states : The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.

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If in response to an increase in government spending of $25 billion, equilibrium output rises by a total of $125 billion, then t

lbvjy [14]

1/1-MPC = 10,MPC=9/10

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3 years ago

Why would firms that rely heavily on credit sales find factoring attractive?

lorasvet [3.4K]

From my understanding, factoring is a specific transaction in which a business sells its invoices to a factor, which is a third party commercial financial company. This process is completed so that the business can get cash quicker than it would to wait for a customer’s payment. With factoring, a company will have moremore more flexibility because the funds are not restricted, rather than having to deal with a typical bank loan

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3 years ago

The objective of financial reporting is to provide useful financial information to capital providers.

Amiraneli [1.4K]

i think it is B

Explanation:

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3 years ago

Ironwood bank is offering a 30 -year mortgage with an APR of 6.00 % based on monthly compounding. if you plan to borrow $ 160,0

olga_2 [115]

$160000 x 1.06 = $169600

$169600 - 160000 = $ 9600 per year

$9600 / 12 = $ 800 per month

160000 / 360 month = $ 444.44 per month

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4 0

3 years ago

Big Tree Lumber has earnings per share of $1.36. The firm's earnings have been increasing at an average rate of 2.9 percent annu

GalinKa [24]

Answer:

The firm's PEG ratio is equal to 5.93

Explanation:

A valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share (EPS), and the company's expected growth are referred to as the 'PEG ratio' (price/earnings to growth ratio).

Generally, a company with a higher growth rate would have a higher P/E ratio.

PE ratio = Stock price/EPS

= 23.4/1.36

PE ratio = 17.205

PEG ratio = PE ratio/ Earning growth ratio

= 17.205/2.9

PEG ratio = 5.93

3 0

3 years ago