The account form has two columns, set side by side. The left column lists the company's assets. The final line on the left side of the sheet provides the total value of all assets. The column on the right lists both liabilities and equity, with liabilities coming first.
The entity who should be thought of as a firm's banker and source of information should be the <u>Banker</u>.
<h3>Roles of a banker in a company</h3>
They advise the company on financial and capital needs to ensure that the company gets the funding it needs to be successful.
They also serve as a source of information for various aspects of the financial world and can assist in preparing financial statements. They are therefore partners to the business.
Find out more on the role of bankers at brainly.com/question/14274562.
Answer:
Explained below:
Explanation:
The following are the <u>disadvantages of a sole proprietorship:</u>-
1. In a sole proprietorship, there is no separation between business assets and personal assets.
2. When the owner dies, the business also ends as well unless the owner made a prudent estate plan which allowed the business to continue.
3. A sole proprietorship has no shareholders and cannot sell ownership in the company without changing its business structure. etc
Answer:
True
Explanation:
Data are raw information that have not gone through any processing but giving a description of a thing. They are in their basic digital format. It requires interpretation for data to be translated to information.
Answer:
21.29%
Explanation:
The computation of the internal growth rate is shown below:
But before that we need to determine the following calculations
Debt equity ratio js
= debt ÷ equity
The debt is 0.6 of equity
So,
= 0.6 × $8,600
= $5,160
Now
Total assets = Total liabilities + Total equity
= $8,600 + $5,160
= $13,760
Return on assets = Net income ÷ Total assets
= $3450 ÷ $13760
= 0.2507
Now as we know that
Retention ratio = 1 - payout ratio
= 1 - 0.3
= 0.7
And, finally
The Internal growth rate is
= (Return on assets × Retention ratio) ÷ [1 - (Return on assets × Retention ratio)]
= (0.2507 × 0.7) ÷ [1 - (0.2507 × 0.7)]
= 21.29%
