Answer:
Operating Income $7.936.000
Net Income $4.540.900
ROA 16%
ROE 27%
Explanation:
Income Statement 2015
Sales $62.000.000
Operating Income $7.936.000 12,8%
Interest Expenses 6,9% -$1.449.000
Net Income BEFORE Taxes $6.487.000
Tax RATE 30% -$1.946.100
Net Income $4.540.900
Answer: The correct answer is "meet the information needs of a company's managers and other users of its financial statements".
Explanation: The chart of accounts is a list that presents the accounts necessary to record the accounting facts. It is a systematic arrangement of all accounts that are part of an accounting system, in short, provides a basic structure for the organization of the accounting system, so it appears as a means to obtain information in a simple way.
<u>The chart of accounts is designed to meet the information needs of a company's managers and other users of its financial statements.</u>
<span>If a country has a trade surplus, we can conclude that it also has a net capital outflow.
</span><span>A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports.</span>
Answer:
Dr Accounts payable 1850
Cr Merchandise inventory $37
Cr Cash $1813
Explanation:
Preparation of the journal entry to record the payment on July 12 Using the gross method,
JOURNAL ENTRY
Jul-12
Dr Accounts payable ($2300-450) 1850
Cr Merchandise inventory ($1850*2%) $37
Cr Cash $1813
($1850-$37)
(Being entry recorded for payment to supplier)
Answer:
1.8pesos
2.Price of Spam in Ecteria as well as in Wiknam will increase
Explanation:
8 Pesos per dollar=16/2=8pesos
Ans for 2)
Price of Spam in Ecteria as well as in Wiknam will increase