2 years ago

Management approval of sanlam

Business

1 answer:

Lesechka [4]2 years ago

8 0

Answer:

Hello!

What is nedded here?

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"Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year, ended June 30. At the begin

andrew-mc [135]

Answer: The options are given below:

A. $292,000

B. $267,250

C. $205,250

D. $275,250

The answer is D. $275,250

Explanation:

Net profit = 425,000 - 338,000 = $87,000

Common Stock =110,000 + 25,000 = $135000

Retained Earnings = 70,000 + 87,000 = $157000

Less: Dividend paid = -$16,750

We will calculate shareholders equity as follows:

Total shareholders' Equity = common stock + retained earnings - dividend paid

=> $135000 + $157000 - $16,750

= $275,250

7 0

3 years ago

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What factor counts the least in calculating a person's credit score?

aleksandrvk [35]

Rent and utility payments: In most cases, your rent payments and your utility payments are not reported to the credit bureaus, so they do not count toward your score.

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3 years ago

The rule preventing recovery for reasonably avoidable damages is often called the duty to mitigate. True or false

Degger [83]

Answer:

True

Explanation:

In contract law and civil law, the duty to mitigate damages refers to the duty that the individual responsible for the wrongdoing must carry out to limit the harm or injury caused by him/her. The duty to mitigate applies both for contract breaches and victims or torts.

3 0

3 years ago

Ella has an offer to buy an item with a sticker price of $12,300 by paying $420 a month for 36 months. What interest rate is Ell

pentagon [3]

Answer:

18.65%

Explanation:

Cost = $12,300

Total Payment = $420 × 36

= $15,120

Difference in the cost and payment = $15,120 - $12,300 = $2,820

Interest rate is the ratio of the interest to the original cost of the item.

The interest is the difference between the amount paid and the actual cost.

Interest rate = ($2,820/$15,120) × 100%

= 18.65%

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3 years ago

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A Co. showed the following values for its inventory as of the end of its fiscal year: Historical cost $100,000 Current replaceme

Levart [38]

Answer:

$90,000

Explanation:

The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:

Cost &

Net realizable value

Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.

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3 years ago

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Management approval of sanlam​

Management approval of sanlam