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Nady [450]
1 year ago
7

summary information from the financial statements of two companies competing in the same industry follows. ryan company and barc

o company
Business
1 answer:
postnew [5]1 year ago
6 0

An example of the financial statement is studying a corporation's performance and fashion with the aid of calculating monetary ratios like profitability ratios, which include the internet profit ratio, which is calculated by means of internet financial divided via income.

It affords inner and external stakeholders the opportunity to make knowledgeable selections concerning investing. monetary declaration financial additionally affords lending establishments with an unbiased view of a business's monetary health, that's helpful for making lending decisions.

The most critical financial statement for the general public of customers is probably to be the income statement since it reveals the potential of a business to generate earnings. additionally, the information listed at the income assertion is more often than not in notably modern-day greenbacks, and so represents an inexpensive degree of accuracy.

Learn more about financial statement here:

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Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in
solmaris [256]

Answer:

Accrual basis of accounting

Explanation:

Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.

Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).

Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.

7 0
3 years ago
For this assignment, find an article you enjoy reading about.
hodyreva [135]

Answer:

Amerex Halon 1211.

 Explanation: A short summery would be that, the article and the video with it show just how effective this clean fire fighting agent really is on all classes of fire. It shows how it is made along with what it is best suited in. The article goes onto state that Halon 1211 ( pronounced Halon Twelve Eleven) is much more safer to the ozone layer. Halon 111 ( pronounced halon  One Eleven) is an ozone depleting agent. Now Halotron is a much improved Halon 1211. The video and article go over every part of the unit, and what places it needs to be stored, and also prices.

   My thoughts and opinions are that I agree. I have a older Amerex  Halon 1211 extinguisher. I used it once on a fire showing my friend who`s dad worked with computers and needed a clean  extinguishing agent that did not leave residue behind. But while Halon 1211 is great, Halotron is much better! It is overall more effective and is better for the ozone, even though Halon 1211 barley harms the ozone to an extent that does it even do it. I am am a proud user and recommend their fire extinguishers and other products. Yes I am in the 7th grade, but when their is a product this good, what`s to say? The article and video just show how great the product and other products are! Another thing, they are affordable, so what I am saying, I agree with Amerex`s products! Hope you do great on your writing grade!

8 0
3 years ago
Suppose your company needs to raise $19 million and you want to issue 25-year bonds for this purpose. Assume the required return
Lady_Fox [76]

Answer:

normal bonds: $19,000,000 = 19,000 bonds

zero coupon bond: $24,366,207.91 dollars = 24,367 bonds

Explanation:

For the zero coupon bond, we will need to calculate the value which discounted at 10% per year during 25 years equals 19,000,000:

Principal \: (1+ r)^{time} = Amount

Principal 19,000,000.00

time 25.00

rate 0.01000

19000000 \: (1+ 0.01)^{25} = Amount

Amount 24,366,207.91

For the normal bonds, the company will issue the bonds at par the bond rate matches the market rate. It will issue for a face value of 19,000,000

8 0
3 years ago
Name the form of ownership represented by SABC
BartSMP [9]

Answer:

Government of South Africa

Explanation:

7 0
3 years ago
____________occurs when people within organizations use whatever influence they can to taint the facts to support their goals an
lapo4ka [179]

Answer:

The correct answer is letter "C": Politicking.

Explanation:

Politicking is the act of using personal references, mainly contacts who are public agents, so individuals can accomplish certain achievements such as obtaining special favors or being the priority in job selection processes. Influence peddling is considered illegal in the U.S. since it may be considered a form of corruption.

8 0
3 years ago
Read 2 more answers
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