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xenn [34]
2 years ago
11

Explain how financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) are

helpful to the business owner, employees, and investors using a company in your local area. Be sure to begin by stating the name of the company you chose.
Be sure that your Learning Journal entry is a minimum of 500 words. Make sure you cite and reference your sources of information in the APA format.
Business
2 answers:
Svetlanka [38]2 years ago
3 0

A financial statements are helpful to the business owner, employees, and investors because:

  • It helps to financial plan
  • It helps to make decisions
  • It helps to adhere to regulations etc

<h3>What are financial statements?</h3>

This refers to those written records that convey the business activities and the financial performance of a company.

Some examples of financial statements in every standard companies includes Income statement, Cash flow statement, Balance sheet, Note to Financial Statements, Statement of change in equity etc.

In conclusion, majority of firm's financial statement are audited by government agencies, accountants, firms  to ensure accuracy, tax purpose, financing, investing purposes etc.

Read more about financial statements

<em>brainly.com/question/24498019</em>

#SPJ1

kkurt [141]2 years ago
3 0

The financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) give  snapshot of a corporation's financial health.

<h3>What is thee usefulness of the financial statement?</h3>

Financial statements which is been used as accounting tool help to provide snapshot of a corporation's financial health.

It help to provide the company or organization with performance, operations as well as  cash flow as well as company's revenue, expenses.

Learn more about financial statement at:

brainly.com/question/24498019

#SPJ1

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The Tampa Bay Lightning is preparing an advertising campaign in which it will contrast its products with those of named competit
riadik2000 [5.3K]

Answer:

Comparative Advertising.

Explanation:

The Tampa Bay Lightning will name the competitor's product, and then, will use measurable attributes to make seem inferior to its own product. This is an example of comparative advertising.

Another example would be if Coca Cola launched an add naming Pepsi explicitly, and declaring that Pepsi tastes worse, or makes people fatter, or both.

Comparative advertising must always clearly indentify the competitor's product, according to the Federal Trade Commission.

4 0
3 years ago
7. If your manager asks you to place a call for him or her, what's the best course of action?
Wewaii [24]

Out of the choices given, B. Ask your manager beforehand what to do if the person being called is unavailable is the best answer so that the correct course of actions are taken. If you call and no one answers or even if they do, it's important to understand the correct way to handle the situation instead of being confused or doing the wrong thing. Once you've understood how your manager wants you to handle these situations, you are able to have better knowledge for future phone calls.

7 0
3 years ago
Read 2 more answers
Companies that try to act in a socially responsible way are likely to focus on such activities as Multiple select question. incr
kicyunya [14]

Companies that try to act in a socially responsible way are likely to focus on such activities as increasing the diversity of their workforce, providing safety equipment and training for their workers using recyclable packaging.

<h3>How can companies act in a socially responsible way ?</h3>

Companies that are trying to act in a socially responsible way would take steps to ensure that they protect labour, employ more minority groups and take steps to protect the environment. Companies that are trying to act in a socially responsible way often adopt ESG factors in their decision making processes.

To learn more about social responsibility, please check: brainly.com/question/14615085

#SPJ1

4 0
2 years ago
Mike started a calendar year business on September 1st of this year by paying 12 months rent on his shop at $1,000 per month. Wh
solong [7]

Answer:

C. $12,000 under the cash method and $4,000 under the accrual method

Explanation:

Under the cash basis of accounting, whenever an amount is received or paid, it is recognized in the books of accounts

Whereas, on the accrual basis of accounting, the cash received / payment or not it is recognized in the books of accounts. It is recorded when it is earned not when it is received or paid.  

So, by this above information

The cash method would recognize $12,000 ($1,000 × 12 months)

Whereas

The accrual method would recognize $4,000 ($1,000 × 4 months)

We assume the books are closed on December, 31

8 0
3 years ago
In​ Keynes's analysis of the speculative demand for​ money, what will happen to money demand if people suddenly decide that the
Serggg [28]

Answer:

The correct answer is option C.

Explanation:

When the interest rate falls below the normal level, people expect the interest rates to rise in future and bond prices to fall. This causes investors to sell the bonds at present so that they can buy bonds when they are selling at lower prices in future as of result of an increase in interest rates. Money demand will, as a result, will decrease.

4 0
3 years ago
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