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1 year ago

The major output of financial accounting is a set of statements including the.

Business

1 answer:

oksano4ka [1.4K]1 year ago

4 0

Answer:

balance sheet,

income statement,

statement of cash flows

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Ezra runs a gyro stall at the local farmers' market. He would like to expand and open his own shop downtown. He has made the cha

Kaylis [27]

Answer: Economic choices result in trade-offs.

Explanation:

The chart simply purports to show that when making economic decisions, you will have to accept trade-offs because resources are not infinite.

For instance, in order to expand, you will need to take on more financial risk. In that same vein, in order to serve more people, you will have to divide time between two stalls and might end up closing a stall.

Trade-offs simply have to be made.

7 0

2 years ago

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,00

Nadya [2.5K]

Answer:

The cost balance on 31 December 2018 is $518,000 while that of accumulated depreciation is $126,400

Explanation:

The balance of fixed assets is computed as

Opening balance - accumulated depreciation - depreciation + Addition - Disposal

Hence given that on December 31, 2017, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,000. During 2018, the company plans to purchase additional equipment costing $100,000 and expects depreciation expense of $40,000, Additionally, it plans to dispose of equipment that originally cost $52,000 and had accumulated depreciation of $7,600 the balance then

= $470,000 + $100,000 - $52,000

= $518,000

The accumulated depreciation

= $94,000 + $40,000 - $7,600

= $126,400

3 0

2 years ago

When a policy is surrendered for its cash value,?

ahrayia [7]

The cash surrender value is the sum of money an insurance company pays to the policyholder or annuity holder in the event his policy is voluntarily terminated beforeits maturity or the insured event occurs.

8 0

2 years ago

In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed

Jlenok [28]

Answer: disaffirm

Explanation:

most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.

It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

8 0

3 years ago

Decision makers can help the community recover from an event more quickly by:

maria [59]

Answer: D

Explanation:

The ability to make sound, timely decisions during an emergency is critical. Effective decision making can ,Avoid tragedy ,help manage incidents.

build community trust and support.

help the community recover from an event more quickly. Conversely, poor decision making or the absence of decisions potentially can result in injury or death to victims and/or responders.

4 0

2 years ago