What is the concept of sustainable income

Assignment Help Accounting Basics
Reference no: EM13120831

What is the concept of sustainable income?

Can you give an example of what this number may look like by using the income statement of a real-life company?

Reference no: EM13120831

Questions Cloud

Complete a common-sized income statement : Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2010. Interpret your results.
Illustrate what are the journal entries and journal entries : The computer lists for $9800. The stock was purchased in 2002 for $38. Illustrate what are the journal entries and adjusting journal entries.
How many ml of naoh are required : if 10.7 mL of .110 M NaOH is required to reach the equivalence point of a solution of citric acid, how many mL of NaOH are required to completely neutralized this solution
Calculate distance in inches : Calculate distance in inches that a bicyclist travelling 35 mph moves in 1/125 of a second? Notice the bicyclist is riding along a white line. Suppose the length of this white line captured in a photograph is 14 ft.
What is the concept of sustainable income : Can you give an example of what this number may look like by using the income statement of a real-life company?
Problem related to debt guarantees : Debt guarantees are: a) are considered to be a contingent liability. b) are never disclosed in the financial statement c) are a bad business practice. d) are recorded as a liability even though it is highly unlikely that the original debtor will defa..
Abstract algebra-equivalence relations : A relation R is defined on the set Z of all integers. In each case, prove that R is an equivalence relation. Find the distinct equivalence classes of R and list at least four members of each.
Find standard error for the sample mean salary : Standard deviation of $1.2 million in 2009. Suppose a sample of 100 major league players was taken. What was the standard error for the sample mean salary?
Determine the predetermined overhead rate for june : The manufacturing overhead budget of Lewison Corporation is based on budgeted direct labor-hours. The June direct labor budget indicates that 5,800 direct labor-hours will be required in that month.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Question on preparing journal entries

On December 31, 2006, Crawford Co. estimated that 1.5% of its net sales of $400,000 will become uncollectible.The company recorded this amount as an addition to Allowance for Doubtful Accounts. On May 11, 2007, Crawford Co.

  Calculate goodwill in acquisition

Compute the total amount of goodwill of International Co. based on the price paid by Melissa Co. Prepare all journal entries in Melissa's accounting records relating to the investment for year ended December 31 under the cost method of accounting, ..

  Compute the effect of transfer on net income

Top management has decided the transfers between the two divisions should be at $19. Compute the effect of the transfer on the net income for the Battery Division, Automotive Division, and the total company

  Amortized intangible assets

Should intangible assets always be amortized over their legal lives? Explain. What are the basic issues related to accounting for intangible assets?

  Transfer prices and divisional profits

A chair manufacturer has two divisions: framing and upholstering. The framing costs are $100 per chair and the upholstering costs are $200 per chair. What is the minimum transfer price for this company?

  Product launch expected value

Brain Drain is about to launch a new product. Depending on the success of the new product, there are three possible outcomes for value next year-What is Brain's total value with leverage?

  Calculate the effect of the adjustments

Calculate the ratios for 2014 as Gross Profit Margin B. Profit Margin, Return on Assets and Current Ratio - calculate the effect of each of the adjustments on the profit figure of $63,500 as shown in Michael's draft accounts.

  Journal entries concerning stockholders equity

Markus Industries is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $10 per share, and 25,000 shares of common stock with a par value of $2 per share.

  Business auto expenses for teresa

Teresa is a civil engineer who uses her automobile for business evenly throughout the year. Teresa drove her automobile a total of $22,650 miles evenly during 2011, of which 95% was business mileage.

  Completing accounting cycle

Name the steps in completing the accounting cycle and explain how they impact the financial statements. What happens is a step is missed? Explain.

  Determining capital gains on stock

What is the expected capital gains yield of FPL stock? (The total return (the expected rate of return) is equal to dividend yield plus capital gains (loss) yield. You may apply CAPM to find the expected return on FPL stock.)

  Operating income under absorption versus variable costing

Precision Numbers, Inc., manufactures pocket calculators. Costs incurred in making 25,000 calculators in April included $85,000 of fixed manufacturing overhead. The total absorption cost per calculator was $12.50.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd