K1 Which of the following statements is the most reasonable conclusion from the giveninformation below of ABC Company?Net profit: P54,000Debt ratio: 35%Total equity: P549,250Industry average return on equity:17.7%ABC Company's ROE is above the industry average, which suggests it is generatingless return for stockholders when compared to other firms in the industry.ABC Company's ROE is below the industry average, which suggests it is generatingless return for stockholders when compared to other firms in the industry.ABC Company's ROE is below the industry average, which suggests it is generatingmore return for stockholders when compared to other firms in the industry.ABC Company's ROE is above the industry average, which suggests it is generatingmore return for stockholders when compared to other firms in the industry.

Solution Concept Return on equity is given as =net profit/total equity Working note ROE of ABC…

Answered: Vhich of the following statements is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1 . W h a t a r e t h e r o l e s o f m a n a g e m e n t a n d t h e a u d i t o r i n t h e p r e p a r a t i o n a n d i n t e g r i t y o f t h e f i n a n c i a l s t a t e m e n t s ? 2 . W h y d o s o m e u n q u a l i f i e d o p i n i o n s h a v e e x p l a n a t o r y p a r a g r a p h s ? 3 . W i l l t h e a c c o u n t a n t e x p r e s s a n o p i n i o n o n r e v i e w e d f i n a n c i a l s t a t e m e n t s ? D e s c r i b e t h e a c c o u n t a n t ’ s r e p o r t f o r r e v i e w e d f i n a n c i a l s t a t e m e n t s . 4 . W h y a r e n o t e s t o s t a t e m e n t s n e c e s s a r y ? 5 . W h a t i s t h e r e l a t i o n s h i p b e t w e e n t h e a c c o u n t i n g e q u a t i o n a n d t h e d o u b l e - e n t r y s y s t e m o f r e c o r d i n g t r a n s a c t i o n s ?
A n s w e r t h e f o l l o w i n g , y o u m a y f i n d t h e a n s w e r s i n a n y w e b s i t e a n d a l s o p u t a r e f e r e n c e T o p i c : F r i n g e B e n e f i t s T a x C o m p o n e n t s o f N o n - T a x a b l e F r i n g e B e n e f i t s C o m p o n e n t s o f D e - m i n i m i s B e n e f i t s C o m p o n e n t s o f U n s p e c i f i e d T a x a b l e f r i n g e b e n e f i t s N o t e : A n s w e r s h o u l d b e q u i t e l o n g f o r m e t o u n d e r s t a n d m o r e
A7 please help[.....
1. A-n-n-a- -M-a-r-i-e- -R-o-m--a-n- -r-e-c-e-n-t-l-y- -g-r-a-d-u-a-t-e-d- -f-r-o-m- -c-o-l-l-e-g-e- -a-n-d- -i-s- -e-v-a-l-u-a-t-i-n-g-- t-w-o- -c-r-e-d-i-t- -c-a-r-d-s-.- -C-a-r-d- -A- -h-a-s- -a-n-n-u-a-l- -f-e-e- -o-f P7,500 a-n-d- -a-n- -i-n-t-e-r-e-s-t- -r-a-t-e- -o-f 9%. C-a-r-d- -B- -h-a-s- -n-o- -a-n-n-u-a-l- -f-e-e- -a-n-d- -a-n- -i-n-t-e-r-e-s-t- -r-a-t-e- -o-f 16%. A-s-s-u-m-i-n-g- -t-h-a-t- -A-n-n-a- -M-a-r-i-e- -i-n-t-e-n-d-s- -t-o- -c-a-r-r-y- -n-o- -b-a-l-a-n-c-e- -a-n-d- -p-a-y- -o-f-f- -h-e-r- -c-h-a-r-g-e-s- -i-n- -f-u-l-l- -e-a-c-h- -m-o-n-t-h-,- -w-h-i-c-h- -c-a-r-d- -r-e-p-r-e-s-e-n-t-s- -t-h-e -b-e-t-t-e-r- -d-e-a-l-?- -I-f- -A-n-n-a- -M-a-r-i-e- e-x-p-e-c-t-e-d- -t-o- -c-a-r-r-y- -a- -s-i-g-n-i-f-i-c-a-n-t- -b-a-l-a-n-c-e- -f-r-o-m- -o-n-e- -m-o-n-t-h- -t-o- -t-h-e- -n-e-xt-,- -w-h-i-c-h- -c-ar-d- -w-o-u-l-d- -b-e- -b-e-t-t-e-r-?- -E-x-p-l-a-i-n- 2. -W-h-a-t- -i-s- -y-o-u-r- -o-p-i-n-i-o-n- -a-b-o-u-t- -u-s-i-n-g- -c-o-n-s-u-m-e-r-s- -l-o-a-n-s- -a-n-d-…
Q7
C a s e 1 . J a n e M c D o n a l d , a f i n a n c i a l a n a l y s t f o r C a r r o l l C o m p a n y , h a s p r e p a r e d t h e f o l l o w i n g s a l e s a n d c a s h d i s b u r s e m e n t e s t i m a t e s f o r t h e p e r i o d F e b r u a r y t o J u n e o f t h e c u r r e n t y e a r . M o n t h S a l e s C a s h d i s b u r s e m e n tF e b . $ 5 0 0 $ 4 0 0M a r c h 6 0 0 3 0 0A p r i l 4 0 0 6 0 0M a y 2 0 0 5 0 0J u n e 2 0 0 2 0 0 M c D o n a l d n o t e s t h a t h i s t o r i c a l l y , 3 0 % o f s a l e s h a v e b e e n f o r c a s h . O f c r e d i t s a l e s ,…
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Req1-Req2 were incorrect. Can you try the problem again ?
solve it using this method: S2 = (((1+S1)*(1+F2))1/2 )– 1 S3 = ((1+S1)*(1+F3)) 1/3 - 1 P = 50/(1+S1)+50 / (1+S2) 2 + 1050 / (1+S3) 3 and find the value of p
18 pts Multiple Functions 88 MULTIPLE CHOICE Question 2 ◄ Listen When f(x)=-3x-6 and g(x) = x²-x-6, what is ? A B C f 54 g = 3 fg = -3 x-3x=3 f 51 g = -2x+2; x=1
Calculate: (1+)" m m where m=132, and r=0.102
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