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2 years ago

To accurately determine the financial performance of a company, it is necessary to compare the company's performance ________.

1 answer:

6 0

To accurately determine the financial performance of a company, it is necessary to compare its performance from <u>year to year</u>.

In order to accurately determine the financial performance of a company, financial statements are used in evaluating, which include the balance sheet, statement of cash flows, and the income statement.

Financial performance indicators are quite necessary as they are quantifiable metrics which are used to measure how well a company is doing. Some companies also hire an outside accounting firm to audit the financial statements.

Hence, it is necessary to compare the financial performance of a company from year to year.

To learn more about financial performance here:

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Which of the following statements is true about a short term aggregate supply curve?

irga5000 [103]

Answer:

Explanation:

Shifts in the SRAS curve are caused by:

- Changes in wages

- Changes in non-labour resource prices

- Changes in business taxes

- Changes in subsidies offered to businesses

- Supply shocks

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3 years ago

A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the origin

astraxan [27]

Answer:

The quality values of the sales associate's listings are:

House A: $200,000 x 70% = $140,000

House B: $300,000 x 80% = $240,000

To determine the quality value of the listings, you have to multiply the listed amounts by the chances of sale.

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3 years ago

Select the correct answer.

Yuki888 [10]

Answer:

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3 years ago

You have 25 years left until retirement and want to retire with $1.1 million. Your salary is paid annually, and you will receive

Reptile [31]

Answer:

percentage of your salary save each year is 13.24%

Explanation:

given data

time period t = 25 year

amount = $1.1 million

salary = $61000

increase r1 = 4 percent per year = 0.04

return r2 = 10 percent = 0.1

to find out

what percentage of your salary must you save each year

solution

we consider here annual saving = A

so amount formula is

amount = A × $\frac{(1+r1)^t -(1+r2)^t}{r1-r2}$

here A is annual saving and r1 is increase rate and r2 is return rate

1100000 = A × $\frac{1.1^{25} - 1.04^{25}}{0.1-0.04}$

A = $8079.45

proportion of salary is $\frac{8079.45}{61000}$

proportion of salary = 13.24%

so percentage of your salary save each year is 13.24%

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3 years ago

What happens to the cost of foreign goods when the dollar is strong?

-Dominant- [34]

The cost of foreign goods rises briefly,then falls

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3 years ago

Read 2 more answers