Answer:
True
Explanation:
Generally Acceptable Accounting Principles (GAAP) is only applicable in the United States of America whereas International Financial Reporting Standards (IFRS) has been adopted by most countries on the globe. This makes Report prepared on IFRS more comparable and make it easier to raise capital globally.
Answer:
Market growth rate
Explanation:
The market growth rate refers to a rate in which the company is able to know how much it is growing it could be measured by comparing the prior years performance.
The BCG comprise of Boston consulting group that includes four things i.e. star, question mark, cash cow and dog in which the market growth rate is appears on the vertical axis, and in the horizontal axis, the relevant market share is displayed
Hence, the market growth rate is the answer
Answer:
the transaction record as given below
Explanation:
given data
sold merchandise = $3,200
terms n/30
sales tax percentage = 6%
solution
as here with 6% sale tax payable is
sale tax payable = 6% of 3,200 = $192
and account Receivable will be $192 + $3200 = $3392
so
we get here the transaction record that is as
date title Dr. Cr.
25-Mar Accounts Receivable 3392
Sale 3200
Sales tax payable 192
25-Mar Cost of goods sold
Inventory
Answer:
Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.
Explanation:
Step 1 of 2
Calculate the amount of factoring fee.
Factoring fee = 5% ×Account Receivable
=5%×$75,000
=$3,750
Step 2 of 2. Journey record. Image attached.
Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.
Answer:
The correct answer is $1,114.64
Explanation:
According to the scenario, the given data are as follows:
Rate (Semiannual) = 6% ÷ 2 = 3%
Time period = 5 years
Time period (semi annual) (Nper) = 5 × 2 = 10
Face value (PV) = $1,000
payment (pmt) = $1,000 × 4%/2 = $20
We can calculate the FV by using financial calculator,
The attachment is attached below.
So, the Price = $1,114.64
