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Question - The Fast Forward Company balance sheet shows cash $5,000, accounts receivable $7,000, office equipment $3,000, and accounts payable $4,000. What is the amount of equity?
A. $1,000.
B. $11,000.
C. $12,000.
D. $15,000.
E. $19,000.
Define the concept of market segmentation and explain its importance for new small businesses. Explain at least 3 benefits of segmenting and targeting markets.
On Jan. 1, 2020, it sold several integrated circuits to a major customer for a P1,600,000 non-interest bearing note. What is interest income for the year
You notice that sales have decreased by 4%, but the gross profit has increased by 10%. What are some factors that could cause this to happen?
The corporation debited Treasury Share-Ordinary for ?255,000 and recorded net income of ?1,400,000. How much is contributed capital on December 31, 2020?
Trapp Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in its Painting Department consisted of 2,000 units that were 70% complete with respect to materials and 60% complete with respe..
X industries has used the LIFO inventory since it started business 10 years ago. It has decided that it would comply with the IFRS standard and would switch to the FIFO method effective January 1, 2014 for the 2014 financial year. International uses ..
Assume sales are $150,000; Operating income is $30,000; and average operating assets are $75,000. What is the ROI (Return on Investment)?
Purpose a partial income statement beginning with Income before Income Tax Expense
Broward's tax rate is 25%. Calculate basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC).
Monthly revenue of $75,000 based on sales of 7,500 units is anticipated. Monthly fixed costs are projected to be $21,000. Variable cost per unit is 35% of the selling price. The company only sells 1 product. How much revenue must the company generate..
Provide two examples that demonstrate a change in your theories of financial accounting for managers since the beginning of this course.
What the level of required new funds is the sales will rise from 400K to 550K next year. when assets are 60% of sales and liabilities are 30% of sales
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