ron landscaping's income statement reports net income of $75,700, which includes deductions for interest expense of $12,400 and income taxes of $36,100. its times interest earned is:
Answers
If ron landscaping's income statement reports net income of $75,700, which includes deductions for interest expense . its times interest earned is: 10.02 times.
How to find the interest earned?Using this formula to find the interest earned
Interest earned = (Net income + Deduction for interest expense + Income taxes) / Deduction for interest expense
Let plug in the formula
Interest earned = ($75,700 + $12,400 + $36,100)/$12,400
Interest earned = $124,200 / $12,400
Interest earned = 10.02 times
Therefore we can conclude that the Interest earned is 10.02 times.
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Related Questions
A supplier is entering into a contract with a manufacturer to deliver a machine in no later than 8 weeks from now. Due to uncertainty in availability of parts for the machine, the supplier is not sure when it will be able to deliver the machine. Also, when the machine is delivered, there is a chance that the manufacturer will judge it as being of inferior quality. The supplier estimates the probability distribution of the time it takes to deliver the machine is given as below.
Independently of this the company estimates that the probability of rejection due to inferior quality 0.15. If the machine is delivered at a least a week ahead of time and the manufacturer judges the quality to be inferior, the supplier will have time to fix the problem (with certainty) and still meet the deadline. However, if the delivery is late, or if it is exactly on time but of inferior quality, the manufacturer will not pay up.
The supplier expects the cost of manufacturing the machine to be $45,000. This is a sunk cost that will be incurred regardless of the timing or the quality of the machine. The supplier also estimates that the cost to fix an inferior machine depends on the number of weeks left to fix it: $7500 if there are three weeks left, $10,000 if there are two weeks left, and $15,000 if there is one week left. The manufacturer will pay $70,000 for a machine of sufficient quality delivered on time, but it will pay nothing otherwise.
Find the distribution of profit or loss for the supplier. Then find the mean and standard deviation of this distribution. Do you think the supplier should sign the contract?
Answers
Based on the analysis, the distribution of profit or loss for the supplier is highly uncertain. However, the expected profit is negative, indicating a potential loss. Considering the risks involved and the estimated mean and standard deviation of the profit distribution, it would be advisable for the supplier not to sign the contract.
To determine the distribution of profit or loss for the supplier, we need to consider various factors. First, we have the uncertainty in the delivery time of the machine, represented by a probability distribution. The supplier's estimation of this distribution indicates that there is no guarantee the machine will be delivered within the desired timeframe.
Next, we have the probability of the manufacturer rejecting the machine due to inferior quality, which is estimated at 0.15. If the machine is delivered at least a week ahead of time and judged as inferior, the supplier can fix it within the remaining time and still meet the deadline. However, if the delivery is late or on time but of inferior quality, the manufacturer will not pay.
Considering these factors, the supplier's profit or loss will depend on the following scenarios: (1) early delivery and judged as inferior (2) early delivery and judged as sufficient quality (3) late delivery or on-time delivery with inferior quality.
In scenario (1), the supplier can fix the machine, incurring an additional cost based on the number of weeks left to fix it. In scenario (2), the supplier receives the payment from the manufacturer. However, in scenario (3), the supplier incurs a loss as no payment is received.
By considering the probabilities and associated costs, we can calculate the expected profit or loss for each scenario and combine them using the probability distribution of the delivery time.
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What will happen to the price and quantity of Japanese goods in the US if the dollar depreciates causing the costs of producing Japanese goods to increase resulting in a decrease in the SUPPLY of Japanese goods
Answers
The prices of Japanese goods will increase.
Economic Principles of Demand and SupplyFollowing the principles of demand and supply, the higher the price, the higher the quantity supplied (all other factors remaining constant).
Recall that cost of production for Japanese goods has also increased according to the question. When prices increase, suppliers sometimes want to take advantage to create even additional inflation in order to get additional profit. Hence they put out more goods at the instance of increased prices.
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question mode multiple choice question yessica dislikes the new product line that she is required to sell at the salon where she works. her feelings about the product line reveal which attitude component?
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The new product line that the hairstylist at the salon where she works is forced to market is unpopular. Her opinions of the line of products show which...
Whats is a product?
The thing that is being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
Product manager/product strategist is the individual who is ultimately in charge of defining the product.
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Match the job titles with career clusters executive secretary survey researcher Storage and distribution manager loan officer cargo and freight agent general manager
Answers
Answer:
Accountant - Finance
Survey Researcher - Science, Technology, Engineering and Mathematics
Loan Officer - Finance
Cargo and Freight Agent - Transportation, Distribution and Logistics
General Manager - Business Management and Administration
Executive Secretary - Business Management and Administration
Storage and Distribution Manager - Transportation Distribution and Logistics
Purchasing Agent - Manufacturing
Explanation: i took the test and got 100
Matching the job titles with career clusters are Executive Secretary in Business Management and Administration, Survey Researcher in Science, Technology, Engineering and Mathematics.
What are career clusters?Career Clusters provide students with a context for studying traditional academics and learning the skills specific to a career, and provide U.S. schools with a structure for organizing or restructuring curriculum offerings and focusing class make-up by a common theme such as interest.
In the U.S. Department of Education model, 17 Career Clusters link to 70+ more specific Career Pathways each having its knowledge and skills requirements. Within the 70+ career pathways, 1800 Career Specialties are defined. The structure has evolved and may vary by state. Matching more job titles with career clusters are Storage and Distribution Manager - Transportation Distribution and Logistics, Loan Officer Finance, and Cargo and Freight Agent - Transportation.
Further, Distribution and Logistics, General Manager - Business Management and Administration.
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or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answers
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027. *SL = Straight-line; DDB = Double-declining-balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing $14,000 purchased for cash (the old blade was scrapped). The new blade had an estimated residual value of $2,000 and an estimated life of five years and would continue to be depreciated using the straight-line method. During 2020, it was determined that the useful life on the metal housing should be increased to a total of 18 years instead of 15 years and that the residual value should be increased to $10,400. Required: 1. Prepare the entry to record the purchase of the replacement blade. Journal entry worksheet Note: Enter debits betore credits. 2. Calculate the total depreciation expense to be recorded on Machine #5027 for 2020 .
Answers
The entry to record the purchase of the replacement blade on January 7, 2020, would be as follows:
Date: January 7, 2020
Machine #5027 14,000
Accumulated Depreciation - Machine #5027 12,000
Cash 2,000
Explanation: The cost of the new blade is debited to the Machine #5027 account, increasing its value. The Accumulated Depreciation - Machine #5027 account is credited with the accumulated depreciation on the old blade that was scrapped. The cash payment of $2,000 is also credited.
To calculate the total depreciation expense to be recorded on Machine #5027 for 2020, we need to consider the revised useful life and residual value of the metal housing.
The original useful life of the metal housing was 15 years with a residual value of $0.
After the revision, the useful life is increased to 18 years, and the residual value is increased to $10,400.
Depreciation Expense = (Cost - Residual Value) / Useful Life
Depreciation Expense = (Cost of Metal Housing - Residual Value) / Useful Life
Depreciation Expense = ($14,000 - $10,400) / 18
Depreciation Expense = $3,600 / 18
Depreciation Expense = $200 per year
Therefore, the total depreciation expense to be recorded on Machine #5027 for 2020 is $200.
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Which of the following reflects Revenue after Deductions?
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Answer:
Net income reflects the total residual income that remains after accounting for all cash flows, both positive and negative. In other words, from revenue, which is called the top-line number, all income, expenses, and costs are deducted to arrive at net income
NET INCOME
Explanation:
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Which one of the following is not a benefit of supply chain management? Improved customer service Lower cost of goods sold Lower raw material and finished goods inventory O Increase in physical assets (Plants, warehouses, equipment, trucks fleet, etc.) 2 pts
Answers
The answer is "Increase in physical assets (Plants, warehouses, equipment, trucks fleet, etc.)".
Supply chain management focuses on optimizing the flow of goods and information throughout the supply chain to enhance efficiency and effectiveness. While there are several benefits associated with supply chain management, such as improved customer service, lower cost of goods sold, and lower raw material and finished goods inventory, an increase in physical assets is not typically considered one of them. Supply chain management aims to minimize excess inventory and streamline processes, often relying on techniques like lean manufacturing and just-in-time inventory management.
Therefore, the goal is to reduce the need for excessive physical assets and instead focus on optimizing existing resources to improve overall supply chain performance.
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What is the value of a bond that has a par value of $1,000, a coupon rate of 11.99 percent (paid annually), and that matures in 13 years? Assume a required rate of return on this bond is 10.44 percent.
Answers
The value of a bond that has a par value of $1,000, a coupon rate of 11.99 percent (paid annually), and that matures in 13 years is $1,360.91.
To calculate the value of the bond, we need to find the present value of its coupon payments and the present value of its par value. Here's the breakdown using the given information:
1. Par value = $1,000
2. Coupon rate = 11.99% = 0.1199
3. Years to maturity = 13 years
4. Required rate of return = 10.44% = 0.1044
Annual coupon payment = Par value x Coupon rate = $1,000 x 0.1199 = $119.90
Now, let's calculate the present value of the coupon payments (PV_Coupon) using the annuity formula:
PV_Coupon = Annual coupon payment x [(1 - (1 + Required rate of return)^(-Years to maturity)) / Required rate of return]
PV_Coupon = $119.90 x [(1 - (1 + 0.1044)^(-13)) / 0.1044] ≈ $1,048.74
Next, calculate the present value of the par value (PV_Par):
PV_Par = Par value / (1 + Required rate of return)^(Years to maturity)
PV_Par = $1,000 / (1 + 0.1044)^13 ≈ $312.17
Finally, add the present values of the coupon payments and the par value to get the bond value:
Bond value = PV_Coupon + PV_Par = $1,048.74 + $312.17 ≈ $1,360.91
So, the value of the bond is approximately $1,360.91.
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Hi-V produces three types of canned juice drinks, A, B, and C, using fresh strawberries, grapes, and apples. The daily supply is limited to 200 tons of strawberries, 90 tons of grapes, and 150 tons of apples. The cost per ton of strawberries, grapes, and apples is $210,$110, and $100, respectively. Each ton makes 1500lb of strawberry juice, 1200lb of grape juice, and 1000lb of apple juice. Drink A is a 1:1 mix of strawberry and apple juice. Drink B is 1:1:2 mix of strawberry, grape, and apple juice. Drink C is a 2:3 mix of grape and apple juice. All drinks are canned in 16 -oz ( 1lb) cans. The price per can is $1.15,$1.25, and $1.20 for drinks A, B, and C. Develop an LP model to determine the optimal production mix of the three drinks. (only the formulation is required)
Answers
The LP model aims to determine the optimal production mix of drinks A, B, and C using limited supplies of strawberries, grapes, and apples. The objective is to maximize profit while considering the cost of ingredients and the can price per drink.
Let:
x1 = number of cans of Drink A produced
x2 = number of cans of Drink B produced
x3 = number of cans of Drink C produced
The objective is to maximize the profit, which is given by the equation:
Maximize: 1.15x1 + 1.25x2 + 1.20x3
Subject to the following constraints:
Strawberry constraint: 1500lb * x1 + 1500lb * x2 <= 200 tons (converted to lb)
Grape constraint: 1200lb * x2 + 1200lb * x3 <= 90 tons (converted to lb)
Apple constraint: 1000lb * x1 + 1000lb * x2 + 1000lb * x3 <= 150 tons (converted to lb)
Non-negativity constraints:
x1 >= 0, x2 >= 0, x3 >= 0
The LP model aims to maximize the profit by determining the optimal values of x1, x2, and x3 while considering the constraints imposed by the availability of strawberries, grapes, and apples.
The objective function represents the total profit obtained from the production and sale of the drinks, and the constraints ensure that the ingredient usage does not exceed the available supply.
Non-negativity constraints ensure that the production quantities cannot be negative.
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If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.
Answers
Answer:
An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
This is because the investor can sell the share for a higher price as people see the company is doing well.
If, after interviewing, you are sure a job is not for you, it is not necessary to send a thank-you note.
Please select the best answer from the choices provided
T
F
FIRST ANSWER GETS BRAINLIEST ;)
Answers
Answer:
I think t because it's to be nice because u never know they can reccomend u for something
Answer:
The answer is False
Explanation:
I took the test on e2020
11
Which of the following is the term used to describe activities falling outside of the normal, required curriculum of school?
O Extraneous activities
extracurricular activities
supplementary activities
copious activities
Answers
The way that a society allocates resources to satisfy human wants is called Select one: A. an assumption. B. realism. C. an economic system. D. ceteri
Answers
Answer:
the answer might be D
Explanation:
im not sure
Trade enhances the economic well-being of a nation in the sense that.
Answers
Trade enhances the economic well-being of a nation in the sense that it promotes specialization, encourages efficient resource allocation, and fosters economic growth. By engaging in international trade, countries can focus on producing goods and services in which they have a comparative advantage, resulting in higher productivity and more efficient use of resources.
Moreover, trade allows nations to specialize in the production of goods and services that they are most efficient in, while importing those that they are less efficient in producing. This results in increased productivity and efficiency, leading to a more competitive and dynamic economy. It also leads to cost savings for consumers, who can benefit from lower prices due to the increased competition.
In conclusion, trade plays a crucial role in enhancing the economic well-being of a nation, by providing access to larger markets, promoting specialization and efficiency, and encouraging international cooperation. Additionally, trade increases competition, leading to improved quality and innovation in goods and services. Overall, trade contributes to a nation's economic prosperity and well-being.
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Helpmeeeeeeeeeeeeeeeeeeeeeeee
Answers
Answer:
A. 900
Explanation:
says they sold 900 gizmos per week when priced at $20
Suppose the money market, drawn with the value of money on the vertical axis, is in equilibrium. If the money supply increases, then at the old value of money there is an a. excess demand for money that will result in a decrease in spending. b. excess demand for money that will result in an increase in spending. c. excess supply of money that will result in a decrease in spending. d. excess supply of money that will result in an increase in spending.
Answers
Answer: excess supply of money that will result in an increase in spending
Explanation:
The money market refers to the total amount of money that's in circulation in an economy at a particular time.
If the money supply increases, this implies that there'll be more money available for the people in the economy to spend. This ultimately leads to the increase in the demand for goods and services in an economy.
Therefore, the correct option will be "excess supply of money that will result in an increase in spending".
The income of a farmer is uncertain because of the weather shocks her farm is exposed to. In the good state of nature, which happens with 20% probability, her yield will be worth $10,000, while in the bad state of nature, which happens with 80% probability, her yield will be worth $5,000. The farmer’s utility (happiness) u depends only on the value of her wealth w according to the function: u(w) = ln(w). A. Calculate the farmer’s expected yield in the absence of insurance. B. Calculate the farmer’s expected utility in the absence of insurance. The farmer receives an offer to purchase an insurance product which will give her $5,000 in the bad state of nature in exchange for an up-front non-refundable fee (insurance premium) of $3,500. She has no other insurance mechanism available. C. Calculate the farmer’s expected utility if she purchases the insurance product. D. Will the farmer choose to purchase the insurance product? Suppose now that the fee is $4,500. E. Will the farmer purchase the insurance product if the fee is $4,500 instead?
Answers
Comparing her expected utility without insurance is 8.6995, while her utility with insurance is 9.1164. Therefore, the farmer will still choose to purchase product even if the fee is $4,500 instead of $3,500.
A. The expected yield of the farmer in the absence of insurance can be calculated as follows:
Expected yield = (0.2 x $10,000) + (0.8 x $5,000) = $6,000
Therefore, the expected yield of the farmer in the absence of insurance is $6,000.
B. The expected utility of the farmer in the absence of insurance can be calculated using the following formula:
Expected utility = ln[(0.2 x $10,000) + (0.8 x $5,000)]
Expected utility = ln($6,000)
Expected utility = 8.6995
Therefore, the expected utility of the farmer in the absence of insurance is 8.6995.
C. If the farmer purchases the insurance product, her yield in the bad state of nature will be $5,000 + $3,500 = $8,500. Therefore, her expected yield will be:
Expected yield = (0.2 x $10,000) + (0.8 x $8,500) = $8,200
The expected utility of the farmer with insurance can be calculated as follows:
Expected utility = ln[(0.2 x $10,000) + (0.8 x $8,500)]
Expected utility = ln($8,200)
Expected utility = 9.0129
Therefore, the expected utility of the farmer with insurance is 9.0129.
D. To determine whether the farmer will choose to purchase the insurance product, we need to compare her expected utility with and without insurance. Without insurance, her expected utility is 8.6995. With insurance, her expected utility is 9.0129. Therefore, the farmer will choose to purchase the insurance product because it increases her expected utility.
E. If the fee for the insurance product is $4,500 instead of $3,500, then her expected yield in the bad state of nature will be $5,000 + $4,500 = $9,500. Her expected yield will be:
Expected yield = (0.2 x $10,000) + (0.8 x $9,500) = $9,200
The expected utility of the farmer with insurance can be calculated as follows:
Expected utility = ln[(0.2 x $10,000) + (0.8 x $9,500)]
Expected utility = ln($9,200)
Expected utility = 9.1164
Comparing her expected utility with and without insurance, her expected utility without insurance is 8.6995, while her expected utility with insurance is 9.1164. Therefore, the farmer will still choose to purchase the insurance product even if the fee is $4,500 instead of $3,500.
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P&g’s concern about some users seeing p&g ads an excessive number of times relates primarily to which consideration for selecting media choices for a promotional campaign?.
Answers
P&G’s concern about some users seeing P&G advertisements an excessive number of times relates primarily to this consideration for selecting media choices for a promotional campaign: B. frequency.
What is an advertisement?An advertisement can be defined as a group of consumer promotional campaign (program) which is designed and developed with the sole intention of making the various goods or services that are being offered by a business firm (company) to become known, popular and familiar to all of its customers and potential customers.
This ultimately implies that, consumer promotional campaign (program) such as online display and television advertisements, can help a business firm in several positive ways.
Additionally, the number of times that customers and potential customers view a consumer promotional campaign or advertisement is directly related to frequency.
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Complete Question:
Procter and Gamble (P&G) spends more than $7 billion per year on advertising, more than any other company in the world. For years, an increasing amount of that budget was being shifted away from television and toward online ads, including Face-book. Face-book ads offer companies the ability to precisely target ads to subgroups of shoppers, such as teenagers, new moms, and pet owners. At one point, P&G's digital ad spend was well more than $1 billion. Then, the company reversed course in the last few years.
In 2017, P&G announced it was cutting digital ads. By the end of 2017, it had cut $200 million in digital ad spending, moving some of those savings back over to other forms of promotion. Marc Pritchard, its chief brand officer, cited a number of reasons, including:
Concerns about brand safety: Top companies are wary of their brand becoming associated with the large amounts of controversial and inappropriate content that appears on social media platforms such as Face-book and You-Tube.Concerns about digital ad fraud: Companies are charged for views, however, P&G discovered that the average view time for a mobile ad on Face-book was only 1.7 seconds. In addition, some users were seeing P&G's ads an excessive number of times.Concerns about the fit of the digital medium for their audience: Pritchard said, "We targeted too much, and went too narrow…now we're looking at: What is the best way to get the most reach but also the right precision?"*P&G’s concern about some users seeing P&G ads an excessive number of times relates primarily to which consideration for selecting media choices for a promotional campaign?
Lifespan
Frequency
Flexibility
Reach
Many communities experience the tragedy of the commons. one way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to
a. eliminate ownership of the resource and make them available to all
b. reduce the cost of access of the resources
c. offer subsides to users of the resources in the form of tax breaks
d. divide the resource into parcels and assign them to individuals
Answers
The economics is prone to different kinds of problem. One way a local community might regulate a shared is to divide the resources into parcels and assign them to individuals.
The tragedy of the commons is known to be type of problem in economics. It often takes place when a person fail to perform their duties to the well-being of society and instead are in the pursuit of personal gain.This problem often leads to over-consumption and then the depletion of the common resource, to everybody's failure.
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food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the _______ element of the marketing mix to meet customer needs.
Answers
Answer:
product
Explanation:
Food companies truly seem to be listening to customers who want healthy fast-food that is preservative, chemical, and antibiotic free. they are adjusting the product element of the marketing mix to meet customer needs.
The features of a product includes quality level, brand name, styling, and packaging. They always influence sales of produce.
Products of companies often contains components which the consumer uses when evaluating alternatives.
Conclusively, The components are the market, the problem, the solution, and the product itself
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if a company uses _____ to measure taxable income, they must use the same method for external financial reporting.
a. Average cost
b. LIFO
c. FIFO
Answers
If a company opts for fifo for tax purposes, they should also apply the fifo method in their external financial reporting to maintain consistency and ensure that the financial statements reflect a true and fair view of the company's financial position and performance.
if a company uses the fifo (first-in, first-out) method to measure taxable Income , they must use the same method for external financial reporting. fifo assumes that the items or inventory acquired first are sold or used first, leading to the recognition of the oldest costs in the calculation of taxable income.
consistency between tax reporting and external financial reporting is generally required to maintain transparency and comparability in financial statements. using different inventory valuation methods for tax and financial reporting could result in discrepancies and make it challenging for stakeholders to evaluate a company's financial performance accurately.
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A stock currently sells for $25 per share and pays $0.24 per year in dividends. What is an investor's valuation of this stock if she expects it to be selling for $30 in one year and requires a 15 percent return on equity investments? Working out
Answers
Answer:
$26.30
Explanation:
Calculation to determine the investor's valuation of this stock
Using this formula
Investor's valuation of the stock = [Dividend / (1 + rate)] + [Selling price / (1 + rate)]
Let plug in the formula
Investor's valuation of the stock = [$0.24 / (1 + 0.15)] + [$30 / (1 + 0.15)]
Investor's valuation of the stock = $0.21 + $26.09
Investor's valuation of the stock = $26.30
Therefore the investor's valuation of this stock will be $26.30
How can you create any elegant and artistic presentation of a cake or pastry considering the product and its container?
Answers
Learn advanced piping techniques. ...
Create stunning sugar flowers. ...
Add cake sculpting to your list of accomplishments. ...
Discover hand painting techniques.
What is friendship?? :)
Bye! Y'all!!
Answers
Answer:
agree with this
.................................
Answer:
just for fun
Explanation:
real friends are those who open their mouth to just insult there bestij
Travis has an athletic shoe store and is currently preparing a market summary. To be most effective, the competition section of his market summary should
Answers
Based on the provided information For Travis to be most effective, the competition section of his market summary that he should do is to list both direct and indirect competitors.
What is market summary all about?The concept about market summary lets to know about stock market and how buyers and sellers negotiate prices.
Therefore, Travis list both direct and indirect competitors when making summary.
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In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
the portion of bonds or notes payable that is not due within one year is reported as a(n) a.long-term liability on the balance sheet. b.expense on the income statement. c.part of stockholders' equity. d.current liability on the balance sheet.
Answers
The portion of bonds or notes payable that is not due within one year is reported as a current liability on the balance sheet. Option D.
Items of liabilities from bonds are found in the liabilities section of the balance sheet. Interest expense and redeemable bonds are considered liabilities because bonds are financial instruments that represent future cash outflows.
The premium or discount on a bond not yet amortized with interest expense is reported immediately after the bond's nominal value in the Liabilities section of the balance sheet. When a bond is issued at a premium the principal is credited to the bond liability account.
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If discontinued operations have a _____ effect on the income statement, they must be reported separately.
Answers
The income statement breaks out discontinued operations individually since it's crucial for investors to be able to discern between profits and cash flows.
The term "discontinued operations" describes the closure of a business division. All gains and losses for that division are required to be reported separately on the company's income statement for accounting purposes. This is done in order to identify these sums from those related to ongoing operations.
Parts of a company's operations that have been sold off or discontinued are referred to as discontinued operations in accounting. They are listed separately from continuing operations on the income statement.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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