Answer: Option D
Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period
In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.
Answer:
C. Balance sheet
Explanation:
If Rita and Jose want to assess their progress overtime and they want to read their status each year so, should prepare balance sheet for each year because balance sheet represent the organization's financial position. It tells us that what an organization had over the past years of business. All the income and losses of each year is accumulated in the balance sheet to show the net position at a point of time. Cash flow and federal income tax return are prepared to show the data specific period only.
Answer:
<em>Yes, I will sign the contract. </em>
Explanation:
The break-even exchange rate for the currency options contract is $1.46/BP and the exchange rate at the time of the payment will be $1.43/BP which means a reduction of $0.03 as future value. Since the contract was not signed with the inflationary rate, the receiver is at advantage while the lender is at a loss.
Answer:
$32,647
Explanation:
P=R(1-(1+i)^-n)/i
Where P=$140,000
R=?
i=14%
n=7 years
by putting above values in formula, we get
140,000=R (1-(1+.14)^-7)/.14
$140,000=R4.288
R=$140,000/4.288
R=$32,647
<em>Answer:</em>
1-Likelihood
2- Outcome
<em>Explanation:</em>
<u>1-Likelihood
:</u> It is a mechanism for measuring the level of risk in the matrix model. A risk assessment is effective for risk prevention and guidance for decision making.
<u>2- Outcome:</u> It is a tool that assists in decision making based on measurement of results. Through the results it is possible to measure the strengths and weaknesses of a given period and outline strategies to correct the failures.
