Answer:
financial planning
Explanation:
It is best to be prepared. most things we want to do cost money. It is very easy to loose track of spending money.
Answer:
the relationship depends on the individual investment
Answer:
See explanation section
Explanation:
Req. A & B
If there is an increase in the net income over the year, the company is in profitability condition. As Omega industries are getting increased net income, it suggests their profitability.
EVM or enterprise value multiplier allows a company to compare the capital structure that the company uses. It is commonly used for valuing a business.
Req. C, D & E
In a financial plan, if the sales increase, it should be because of increasing working capital and fixed assets. We know, additional assets can generate more revenues.
A firm can collect approximately 8% of its annual sales at any given time. It can be found through the following way-
since the days' sales in receivables for 30 days in a year, the percentage of annual sales = (30 ÷ 365) × 100 = 8.22% or 8%
Answer:
$100,000
Explanation:
According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''
Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.
Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation
. In the scenario we have no depreciation figures, hence the basis is the cost of $100,000
Option C, The incomplete record of disposal of assets understates the balance of assets.
<u>Explanation:
</u>
An asset is a resource of the enterprise in financial accounting. Anything which is tangible or intangible which can be owned by a firm to generate good economic benefit is an asset.
A non-physical asset, such as a trademark, brand or copyright, is an intangible asset.
Corporations can create or purchase immaterial assets.
An intangible property, such as a legal agreement, can be deemed undetermined (a brand name) or definite.
An intangible property generated by an entity does not exist on the financial statements (Balance sheets) and does not have a book value recorded.