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- Financial information for Lighthizer Trading Company for the fiscal year-ended September 30, 20xx, was collected. As part of a management training session, you have been asked to prepare an income statement format that will be used to distribute to management. Subtotals and totals are included in the information, but you will need to calculate the values. A. In the correct format, prepare the income statement using this information: B. Calculate the profit margin, return on investment, and residual income. Assume an investment base of $42,000 and 8% cost of capital. C. Prepare a short response to accompany the income statement that explains why uncontrollable costs are included in the income statement.Income and Education. Using Exhibit 1.8, discuss the relationship between annual income and the highest level of education completed. Provide specific examples of the difference between having no high school diploma and having a bachelors degree, and between having a bachelors degree and a professional degree.. ALY GRAHAM CRACKERS HONEY GRAHAM CR wor MOALDEATS WNRROR ENG SARANEL COLOR RAGNG AGENT IAWOMUR TRACT HONE San ALLARTOL MA erham ne: MUAmaR P. BASHER Year/Section: B PA HC VITY NO. 1- PUBLIC ACCOUNTING AND BUDGETING Enumerate the objectives of the government accounting according to Section 110, Presidential Decree 1445.
- A good performance measurement system will align the goals of management with_______. A. the goals of the city manager and the mayoral staff B. the goals of the corporation, and both parties will benefit C. the priorities of the stockholders as listed at the annual meeting D. the Investment departments response to the annual auditDecision Making Exhibit P–2 from within the Prologue includes 12 questions related to 12 types of decisions that companies often face. In the prologue, these 12 decisions were discussed within the context of for-profit companies; however, they are also readily applicable to nonprofit organizations. To illustrate this point, assume that you are a senior leader, such as a president, provost, or dean, in a university setting. Required: For each of the 12 decisions in Exhibit P–2, provide an example of how that type of decision might be applicable to a university setting. Exhibit P–2: Examples of DecisionsQ17 Statement I: A company is accountable to the society since it makes use of community-owned resources and other infrastructural facilities and enjoys concessions provided by state from tax-payers money.Statement II: The best way of social responsibility reporting is to prepare a value-added statement, which shows the income earned by all the stakeholders (staff, community & public) a. Both the statement are true b. Both the statements are false c. Only Statement I is true d. Only statement II is true
- Please answer with reason for all why the option is correct and why the other options are incorrect 13. An increase in net assets for a not-for-profit organization that would be labeled exchange revenue rather than support is: A. A donation. B. Special events. C. A pledge. D. Investment income.Which of the following is included in a complete set of financial statements? a. A statement by the board of directors of compliance with local legislation. b. A statement of changes in equity. c. Statements of financial position for the last five years. d. Value added statement.jo4tp18r.08.031 Which of the following must the comptroller of public accounts do for the legislative budgeting and appropriations process? O a. Propose the state's budget Ob. Act as the chief elections administrator Oc. Act as the auditor for each county in addition to the state Od. Certify the approximate biennial revenue for the state Oe. Support state economic development efforts
- Question 22: What type of institution might offer a 403(b) plan to its employees? Answer: A. A small business В. Private colleges С. Fortune 500 companies D. Public education institutions and certain tax-exempt organizations Е. All of these options B.CRITICAL THINKING ASSIGNMENT A corporation is a legal business structure involving one or more individuals (owners) who are legally distinct (separate) from the business that is created under state laws. The owners of a corporation are called stockholders (or shareholders) and may or may not be employees of the corporation. Assuming that a business has been established successfully and operating for the past 5 years in Oman. The president, who is one of the shareholders, has created an innovative new product that is testing well with substantial demand. To begin manufacturing, OMR1 Million additional capital is needed to acquire the equipment and expand the business. Assuming that the company came up with IPO by issuing 1 million shares at 20% premium. (Par value of shares OMR 1 each). The public subscribed all the shares and received all the money. Later the market value of share was OMR 2.500 per share. The company decided to offers a rights issue of 3 for 6 shares at an offer price…INCOME STATE MENT WITH DEPARTMENTAL OPERATING INCOME AND TOTAL OPERATING INCOME Alexa Cole owns a business called Alexas Bakery. She has divided her business into two departments: breads and pastries. The following information is provided for the fiscal year ended June 30, 20--: REQUIRED 1. Prepare an income statement showing departmental operating income and total operating income. 2. Calculate departmental operating expense and operating income percentages.