Easy Question Income Statement Business Finance Assignment Help. Easy Question Income Statement Business Finance Assignment Help.
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Which is correct:
The income statement for a given year say 2012 is designed to give us an idea of how much the firm earned during that year
The focal point of the income statement is the cash account, because that account cannot be manipulated by “accountin tricks”
The reported income of two otherwise identical firms cannot be manipulated by different accounting procedures provided the firms follow GAAP
The reported income of two otherwise identicla firms must be identical if the firms are publicly owned, provided they follow procedurces that are permitted by Securities and Exchange Commisstion
If a firm follows GAAP then its reported net income will be identicla to its reported net cash flow.
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QUESTION 7
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(a) What is the ratio of the intensity of an earthquake wave as it passes a poin Science Assignment Help
(a) What is the ratio of the intensity of an earthquake wave as it passes a point 20 km from the source to the intensity as it passes a point 15 km from the source?
(b) What is the ratio of the amplitude of an earthquake wave as it passes a point 20 km from the source to the amplitude as it passes a point 15 km from the source?
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easy question Inventory Business Finance Assignment Help
Which is correct:
If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, its inventory turnover ratio will decrease
A reduction in inventories held would have no effect on the current ration.
An increase in inventories would have no effect on the current ratio
If a firm increases its sales and cost of goods sold while holding it’s inventories constant then other things held constant its inventory turn over ratio will increase
A reduction in the inventory trunover ratio will generally lead to an increase int eh ROE
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Easy Question Income Statement Business Finance Assignment Help
Easy Question Income Statement Business Finance Assignment Help