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gayaneshka [121]
3 years ago
9

Where is the time period covered by the income statement found?.

Business
1 answer:
Alex Ar [27]3 years ago
5 0

One can find the time period covered by an income statement in its<u> title/ heading</u>.

<h3>Facts about the Income Statement. </h3>
  • Shows the revenue, expenses, and income of a company.
  • Covers a certain time period only.

That time period is included in the title of the income statement. For instance, a typical income statement would read - "Parrain Inc. Income Statement for the year ended December 31, 2022."

In conclusion, it is located at the heading.

Find out more on income statements at brainly.com/question/14818051.

You might be interested in
assume that a firm will generate the following cash flows. (ignore liquidation value and initial investment.) also assume that t
Naily [24]

Answer:

$400

Explanation:

To find the value of the firm based on the cash flows, we have to find the present value of the cash flows

Present value is the sum of discounted cash flows

Cash flow in year 1 = $110

Cash flow in year 2 = $242

Cash flow in year 3 = $133.10

I = 10%

Present value = $400

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

5 0
3 years ago
Ms V resides in a jurisdiction with a 35% income tax. Ms V has $40,000 that she could invest in bonds paying 8% annual interest.
klio [65]

Answer:

Increase in tax rate will reduce income form bond but will not affect the benefits derivable from the purchase of the new luxury auto.

Explanation:

First, a look at the after tax rates for when tax is 35% and when it is increased to 50%.

Step 1: Compute the after tax rate when tax is 35%

=Interest rate x (1-tax rate)

= 0.08 x (1- 0.35)

-5.2%

Step 2: Compute the after tax rate when tax is increased to 50%

= Interest rate x (1- tax rate)

= 0.08 x (1-0.5)

=4%

The first outcome is that an increase in tax rate leads to a decrease in income. Meaning an increased tax rate reduces the income from the bonds.

However, an increase in tax rate although it will affect the income will have no effect on the new luxury condo, that Ms V wants to buy. This is because, the benefits Ms V will get from the auto cannot be taxed as compared with the interest on the bond.

Hence, it becomes easier for Ms V to buy the luxury auto than invest in bonds if the tax rate should increase

4 0
4 years ago
Apt Adapt Inc. is formed to coordinate the design and delivery of projects and products to help communities cope with the effect
natali 33 [55]

Answer:

c) a benefit corporation.

Explanation:

A benefits corporation is the corporation that creates a positive impact on the society and its well being. The directors and the officers of this corporation would operate the business with the similar authority and behavior as done in the traditional corporation but the decision impact affect not only the shareholders but also the employees, customers etc

So as per the given situation, the correct option is c.

6 0
3 years ago
New England Co. had net cash provided by operating activities of $351 ,000; net cash used by investingactivities of $420,000; an
Ira Lisetskai [31]

Answer:

d. $248,000

Explanation:

beginning cash balance            27,000

operating activities 351,000

investing activities (420,000)

financing                 250,000

cash generate during the year 181,000

ending cash balance                208,000

<u>Note:</u>

The information of the sale of land is contained with the investment activities.

The proceeds from sales are in the operating activities.

<u>We just need to calculate using the total for each activity.</u>

7 0
4 years ago
The owner of a store that sells fine-quality fabrics for home seamstresses bemoans the fact that few young women know how to do
eduard

Answer:

The answer is: A) core competencies that have become core rigidities.

Explanation:

The core competencies of a business are what makes that business have an strategic advantage over its competition. In this case, the store sells the best high quality fabrics.

In the past the store had an strategic advantage since they sold a great product, but nowadays very few people are interested or willing to buy their fabrics. So what once was a core competency has now become a core rigidity. The store relied for too long on their core competency until it became obsolete. A textbook example for this is Kodak and its photographic film.

3 0
3 years ago
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