The income statements of service business normally have separate sections for operating revenues, operating expenses, and other income (expenses). In contrast, those of retailers, wholesalers, and manufacturers disclose sales revenue, followed immediately by cost of goods sold and gross margin. Operating expenses are listed next followed by other income (expenses). 4. The basic difference falls in the area of inventory.
2a. What is the shortest loan (36 months, 48 months, 60 months or 72 months) that has a monthly payment within your $500 budget that will allow you to buy the $30,000 car? Answer: Through Bank of America, I found a rate of 2.99% for the 36, 48 and 60 month loans. We are able to put down 20% and will need to finance $24,000. The shortest loan period for the $30,000 car that would be under our $500 limit is the 60 month loan at a rate of $431.13 per month.
Also included in the sum are the net exports; the total exports minus the imports. There are many purchases done between companies during development of a final product, the cost of these purchases do not count toward the GDP because the cost of those purchases are considered in the final cost of the finished product. There are two basic versions of the GDP,
It had no cash and inherited an obligation to repay bank debt that was taken out when ABNH was a subsidiary of ABN. ABNH made the holographic labels on credit cards and other products that served as a security device and sign of authenticity. ABNH was the first to use the technology to create a holographic image for Mastercard in 1983. ABNH also produced security holograms for ID cards, documents of value (currency and stamps in several foreign countries), tamper resistance, and authentication of goods. Holograms made up about 95% of ABNH’s sales; ABNH controlled 8% of the total security hologram market.
RUNNING HEAD: UNITED THERMOSTATIC CONTROLS CASE United Thermostatic Controls Case ETH/376 United Thermostatic Controls Case Meeting sales and revenue goals for companies throughout the United States are a common objective to achieve. However, when demands start declining, the chances of meeting goals began to decrease. Management will work hard to meet or exceed expectations, but there are some who will do whatever it takes to meet company goals. “The incentive to commit fraud typically is a self-serving one” (Mintz & Morris, 2011). United Thermostatic Controls is a publically traded corporation that specializes in manufacturing and marketing thermostats for residential and commercial consumers.
A competing firm that is very similar to Turnbull has an enterprise value/EBITDA multiple of 5.40. What is the enterprise value of Turnbull Corp.? Round to the nearest million dollars. • $1,344 million • $453.6 million • $1,315 million • $1,787
(Points : 1) Service firms generally use fewer direct materials that manufacturing companies. Service firms' overhead accounts have slightly different titles (e.g., Applied Service Overhead). Service firms' finished jobs are charged to Cost of Services Billed instead of Cost of Goods Sold. Service firms' do not use a Work-in-Process account for contracts that are partially complete. 2.
9.the primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are: 10.The ____ is the ratio of ____ to the ____. 11.Sources of positive net present value projects include 12.Receiving $100 at the end of the next three years is worth more to me than receiving $260 right now, when my required interest rate is 10%. 13.The number of standard deviations z that a particular value of r is from the mean ȓ can be computed as z = (r - ȓ)/ Suppose that you work as a commission-only insurance agent earning $1,000 per week on average. Suppose that your standard deviation of weekly earnings is $500. What is the probability that you zero in a week?
If BC continues to operate as a sole proprietorship with the expected income and expenses, the business income and expenses would be included on your personal return and taxed at the 35% rate, resulting in $56,000 income taxes owed. If BC were incorporated and paid out 70,000 to yourself, this would result in corporate income taxes owed of $18,850. As you can see, a considerable tax savings is available if BC is taxed at the corporate level, rather than on your individual
The Aluminum Can division had plants throughout the United States. A disadvantage may be that the plants only served customers in it’s own geographic area. Any of the customers had between two and four suppliers and divided the purchases among them. By only dealing with customers in there geography they may be limiting their sales. If the customer decides to use another supplier more than Vershire, this will affect sales for Vershire and make it difficult to recover that profit.