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3 years ago

An income statement reports the revenues earned minus expenses incurred by a business over a period of time.

Business

2 answers:

Alex3 years ago

7 0

Answer:

True

Explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

Wewaii [24]3 years ago

3 0

I think the statement is false

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Which of the following statements are true of an installment loan?

elena-14-01-66 [18.8K]

Answer:

4) has a fixed number of payments in equal amounts

Explanation:

1) the term is much longer than other loans

FALSE, installment loans can be short or long, the term refers to periodic payments.

2) lower interest rates are charged to borrowers

FALSE, interest rates vary depending on the customer and the purpose of the loan, they can be higher or lower.

3) is technically an unsecured loan

FALSE, they can be secured or unsecured loans, there is no one size fits all rule

3 0

3 years ago

Jeff Heun, president of Bridgeport Always, agrees to construct a concrete cart path at Dakota Golf Club. Bridgeport Always enter

Setler79 [48]

Answer:

Transaction price $241,400

Transaction price $245,720

Explanation:

Outcome Probability Contract Revenue Transaction Price

Complete on time 50% $215,000 + $32,000 = $247,000 $123,500

Complete one week late 30% $215,000 + $24,000 = $239,000 $71,700

Complete two weeks late 20% $215,000 + $16,000 = $231,000 $46,200

Transaction price $241,400

Outcome Probability Contract Revenue Transaction Price

Complete on time 84% $215,000 + $32,000 = $247,000 $207,480

Complete one week late 16% $215,000 + $24,000 = $239,000 $38,240

Transaction price $245,720

6 0

4 years ago

You are holding a stock that has a beta of 1.85 and is currently in equilibrium. The required return on the stock is 28.95%, and

Karo-lina-s [1.5K]

Answer: 41.90%

Explanation:

First calculate the risk free rate:

Required return = risk free rate + beta * (Market return - risk free rate)

28.95% = rf + 1.85 * (18% - rf)

28.95% = rf + 33.3% - 1.85rf

28.95% = -0.85rf + 33.3%

0.85rf = 33.3% - 28.95%

rf = 4.35%/0.85

rf = 5.12%

New required return;

Required return = risk free rate + beta * (Market return - risk free rate)

= 5.12% + 1.85 * (25% - 5.12%)

= 41.90%

3 0

3 years ago

Fixed costs are $256,000, the unit selling price is $36, and the unit variable costs are $20. what is the break-even sales

garik1379 [7]

I need help on this too

8 0

3 years ago

Polly secured a good grade with a 4 GPA in her admission test. However, she was denied admission by a management school. Hence,

laiz [17]

Answer:

i think correct answer us c

6 0

3 years ago