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RUDIKE [14]
1 year ago
15

Financial statements can be prepared _____. (select all that apply.) multiple select question.

Business
1 answer:
marysya [2.9K]1 year ago
8 0

Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.

<h3>What is financial statement?</h3>

Financial statement help to summarize the financial position of a business and it as well help to show  the day to day transaction of a company or day to day activities of a business at a particular period of time.

Financial statement of a company can be prepared more that once in a year and financial statement may tend to have fiscal year end that is other than last month of the year which is 31st December.

Therefore Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.

Learn more about financial statement here:brainly.com/question/21307159

#SPJ1

The complete question is:

Financial statements ______. (Select all that apply.)

a. must have a calendar year end of December 31

b. may be prepared more than once a year

c. may have a fiscal year end other than December 31

d. are prepared just once a year

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Below is information from the financial statements of Greenwich Company: Accounts receivable (net) 2016: $2,400 Accounts receiva
ra1l [238]

Answer:

32.44 days

Explanation:

The computation of the average collection period is shown below:

But before that we have to determine the account receivable turnover ratio

So, the account receivable turnover ratio is

= (net sales) ÷ (average of account receivables)

= $25,875 ÷ ($2,400 + $2,200) ÷ 2

= $25,875 ÷ $2,300

= 11.25 times

Now the average collection period is

= Total no of days in a year ÷ account receivable turnover ratio

= 365 ÷ 11.25

= 32.44 days

We assume that the no of days that should be considered is 365 days

7 0
2 years ago
Global temperature trends can be inferred from changes in
Olin [163]
<span>Global temperature trends can be inferred from changes in fossils and chemical isotopes found in sediments and glacial ice</span><span>

If I managed to help you, please make sure to mark my answer as the "Brainliest" answer. Thanks! :)</span>
6 0
3 years ago
Calfee Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl
AlladinOne [14]

Answer:

$200,000

Explanation:

The computation of the ending balance in the work in process inventory account is shown below:

But before that determined the overhead rate per direct labor

Manufacturing OH estimated   $595,000  

Divide by DLH estimated 35000  

OH rate per DLH    $17  

Now

Beginning Inventory of WIP   $19,000  

Current manufacturing cost    

material                  $420,000  

Labour                   $641,000  

Manufacturing OH (33,000 × $17) $561000  

Total Manufacturing cost      $1,622,000  

Total cost of WIP       $1,641,000  

Less: Cost of goods manufactured $1,441,000  

Ending inventory of WIP        $200,000

8 0
3 years ago
?a(n) ________ is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offe
Vesna [10]
The correct answer would be acceptance. It is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offer as measured by the objective theory of contracts. It happens when the offeree and offeror are in mutual understanding between the terms in a contract.
8 0
3 years ago
Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 33,000 candles for January. Each candle requires molding. A
djverab [1.8K]

Answer:

Total direct labor cost = $16,087.50

Explanation:

Production = 33,000 candles

Minute per candle = 3 minutes

Total minute to produce 33,000 Candle = 33,000 candles * 3 minutes = 99,000 Minutes

Total hours for production = 99,000 / 60 minutes = 1,650 hours

Hence, molding hours = 1,650 hours

Total direct labor cost = Molding hours * Molding labor costs per hour

Total direct labor cost = 1,650 hours * $9.75

Total direct labor cost = $16,087.50

7 0
2 years ago
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