Answer: Stock market works by doing an activity of buy/sell. It is a profit process. For example, you bought something cheap and sell it expensive that is profit.
Explanation:
Answer:
The current ratio is 2.98
Explanation:
total current assets = cash + receivables + inventory + other current assets
= $102 million + 94 million + 182 million + 18 million
= $396 million
total current liabilities = accounts payable + current portion of long term debt
= $98 million + $35 million
= $133 million
current ratio = current assets/current liabilities
= [$396 million]/[$133 million]
= 2.98
Therefore, The current ratio is 2.98
Answer:
The amount of revenue that will be reported on the income statement for the month ended July 31 is equal to $5,300.
Explanation:
The applicable accounting concept here is accrual concept.
Accrual concept states that revenue is recognized when it is earned and expenses are also recognized when they are incured no matter when cash is received or paid.
Based on the accrual concept, only transactions 1 and 4 will be used in calculating the amount of revenue for July as follows:
July revenue = Cash received for services performed during July + Billing of customers for services performed on account in July = $1,200 + $4,100 = $5,300
Therefore, the amount of revenue that will be reported on the income statement for the month ended July 31 is equal to $5,300.
Answer:
a. 3.58
Explanation:
the price earning ratio is obtain with the following formula:
We are given with the market price, now we need to solve for the EPS
with sales and profit margin we solve for net income. then we divide by the shares outstanding to get the EPS
823,000 sales x 4.2 profit margin = 34.566 net income
now we solve for EPS Earning per share:
Now we can sovle for price-earnings ratio
16.50/4.61 = 3,5791 = 3.58
