A business plan will help Frederick attract and persuade investors. A business plan is primarly used to explain the business to potential stakeholders like investors.
Is there any answers for this ?
Answer:
Net Income = $5,000
Stakeholder's Equity = $23,000
Explanation:
Net Income
Revenue $14,000
-Expenses <u>$9,000</u>
=Net income $5,000
Assets = $50,000
Liabilities = $27,000
Accounting Equation:
Assets = Stockholder's equity + Liabilities
$50,000 = Stockholder's equity + $27,000
Stockholder's equity = $50,000 - $27,000
Stockholder's equity = $23,000
Net income of Eagle Corp. is $5,000 and Stockholder's equity is $23,000.
Answer:
$20,314.17
Explanation:
To find the 6th deposit, we use the future value formula for each yearly payment.
PV(1 + i) FV
FV (year 1) = $1200(1 + 0.12)5 = $2114.81
FV (year 2) = $1800(1 + 0.12)4 = $2832.33
FV (year 3) = $2400(1 + 0.12)3 = $3371.83
FV (year 4) = $3000(1 + 0.12)2 = $3763.2
FV (year 5) = $3600(1 + 0.12)1 = $4032
PV (year 6) = $4200
Total amount you will have after the 6th deposit is = $20,314.17
Answer:
All of these answer choices are correct
Explanation:
All of the answer choices are correct in relation to an internal control procedure used to safeguard a company's assets
<u />
<u>1.Timely deposits of cash receipts into a checking account </u>
Daily deposits of all cash receipts to produce a timely independent record of the cash received. <u>It also reduces the likelihood of cash theft and the risk that an employee could personally use the money</u> before depositing it.
<u />
<u>2.Separation of duties </u>
Generally in business and accounting, segregation of duties serves two key purposes. These purposes include <u>assurance that you are able to review and catch errors easily if there is an oversight and it also prevents theft and fraud.</u>
<u>3.Reconciliation of the bank statement </u>
Reconciliation is a fundamental accounting process that ensures the actual money spent matches the money leaving an account at the end of a period. <u>This is important for businesses to inspect fraudulent activity and to prevent financial statement errors.
</u>
<u />
