A person should be <span>familiar for reading the balance sheet of a restaurant easily when he or she knows the accounting terms or vocabulary. These terms are usually used by accountants and the like which most likely handles these kind of papers. Hope this answers the question.</span>
Answer:
b. $150,000
Explanation:
The computation of the working capital is shown below:
= Total current assets - total current liabilities
= $370,000 - $220,000
= $150,000
We simply applied the above formula
And, the same is to be considered
Hence, the working capital is $150,000
Therefore the correct option is b. $150,000
All the other options are wrong.
Answer: Determination of minimum cash balance required.
Explanation: In the give case, Jane and Joan have different opinions regarding the amount of cash balance they require for effectively operating their business, thus, we can say they are determining the adequate amount of cash balance required.
In this step, the operation in the past and the expected revenues in the future are taken into consideration for the budget making process.
Is suitable if it is a fixed annuity but is unsuitable if it is a variable annuity
Answer: Option B.
<u>Explanation:</u>
An annuity is an agreement among you and an insurance agency where you make a singular amount installment or arrangement of installments and, consequently, get normal payment, starting either promptly or sooner or later.
An annuity is a long haul speculation that is given by an insurance agency intended to help shield you from the danger of outlasting your pay. Through annuitization, your buy installments (what you contribute) are changed over into occasional installments that can keep going forever.
The elements surrounding a word which influence its meaning are called the CONTEXT.
Context is also defined as the set of circumstances in a communicative situation which will influence how the word is perceived, received, and understood.