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sweet [91]
1 year ago
7

A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amoun

t.
Business
1 answer:
liberstina [14]1 year ago
6 0

A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.

Below, this is further discussed.

<h3>Financial statements: What are they?</h3>

Financial statements, in general, are official records of the financial activity and condition of a company, an individual, or another organization. Structured and simple-to-comprehend presentations of pertinent financial data are made.

In summary, Selecting a base year and then expressing each item according to that sum is a helpful method for standardizing financial reporting.

Explore more about Financial statements

brainly.com/question/14951563

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Select all that apply. Select other ways to measure the quality of life in a country besides the real GDP per capita.
Nata [24]
GDP stands for Gross Domestic Product. When we refer to Per Capita GDP, this covers the gross income of the country, and this is divided by the number of population in that country. Basing on this definition, I can say that the other ways to measure the quality of life in a country aside from basing from per capita GDP is through Genuine Progress Indicator, and <span>Gross Domestic Product. Hope this helps.</span>
4 0
3 years ago
oronado Company has the following account balances: Purchases $95600 Sales Returns and Allowances 12600 Purchase Discounts 8300
Vladimir79 [104]

The cost of goods purchased for the period is $90,000 having the required account balances .

<h3>Account balances </h3>

An account balance is the amount of money present in a financial repository, such as a savings or checking account, at any given moment. The account balance is always the net amount after factoring in all debits and credits. An account balance that falls below zero represents a net debt—for example, when there is an overdraft on a checking account. For financial accounts that have recurring bills, such as an electric bill or a mortgage, an account balance may also reflect an amount owed.

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3 0
2 years ago
Conversion and direct materials are generally both added at the end of the production process. true or false
dlinn [17]
This statement is false.
Conversion and direct materials are generally both not added at the end of the production process. As a matter of fact, they are either added at the beginning, or in the middle of the process, but definitely not at the end because then it would be too late.
6 0
3 years ago
Calculating the Cost of Equity. Suppose stock in Lululemon Corporation has a beta of 0.80. The market risk premium is 10 percent
Elan Coil [88]

Answer:

Cost of equity capital can be found by the Capital asset pricing model:

Cost of capital

= Risk free rate + beta * market premium

= 2% + 0.8 * 10%

= 10%

Weighted Average Cost of Capital:

= (weight of debt * after tax cost of debt) + (weight of stock * cost of stock)

= (50% * 8% * ( 1 - 34%)) + (50% * 10%)

= 10.28%

5 0
3 years ago
Is budget towards a new computer a fixed or variable expense?
Damm [24]
A budget isn’t an expense, nor is a new computer rather an asset
5 0
3 years ago
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