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Rom4ik [11]
2 years ago
6

The balance sheet, or statement of financial position, is the listing of all assets and all claims against the assets of a compa

ny. a. true b. false
Business
1 answer:
Tanzania [10]2 years ago
4 0

True

<h3>What do you mean by balance sheet?</h3>

The term "balance sheet" refers to a financial statement that details the assets, liabilities, and shareholder equity of a business at a specific point in time. Balance sheets serve as the basis for estimating a company's capital structure and computing investor return rates.

A financial statement called a balance sheet provides a brief summary of a company's assets, liabilities, and shareholder investment. Balance sheets can be used in combination with other important financial data when doing basic analysis or computing financial ratios.

MAIN LESSONS

A balance sheet, which is a financial statement, lists the assets, liabilities, and shareholder equity of an organization.

one of the three main financial accounts that are examined when evaluating a company

To know more about Balance sheet visit :

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I need help with this.
Leona [35]
1. B 2. D 3. C 4. A 5. A.. sorry if any of these are wrong
3 0
3 years ago
An example of financial irresponsibility is _____. driving without car insurance organizing financial documents paying bills on
sertanlavr [38]
The correct answer is Driving without car insurance

That is irresponsible because it would take away a large chunk of your money should anything happen to your car.

When it comes to the second question, he should definitely find reliable and relevant information. Such information can be found in a bank and professionals working there can help him with his needs.
8 0
3 years ago
a product may be a tangible physical good or a service, or an intangible offering involving a deed, performance, or effort. to b
Mekhanik [1.2K]

Compared to a physical good, it is more challenging to trade. A good is a tangible thing that can be purchased, handled, and used. A service is an action performed for clients who pay for it.

A tangible asset exists physically. Comparatively speaking to an intangible asset, it is comparatively simple to trade. A product can be an intangible offering involving a deed, performance, or effort or it can be a tangible physical good or service. Marketing managers need to be aware of potential distinctions between products and services in order to succeed. For the entire firm, marketing managers are in charge of creating, planning, and carrying out strategic marketing programs that will draw in new clients and keep old ones coming back. A company's overall plan for reaching out to potential customers and converting them into buyers of their goods or services is referred to as a marketing strategy.

To learn more about marketing strategy here

brainly.com/question/15585962

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8 0
1 year ago
Nicolas signed an installment agreement to borrow $1,000 for 3 years to be paid back monthly. The cost of the loan is $195.56. W
vova2212 [387]

Annual percentage rate or APR is a credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR).

Now, According to the Question,

We are Given :-

  • Amount Financed = $1,000
  • Time = 3 Years, paid back monthly
  • Cost of Loan = $195.56

<u>CALCULATION</u>

Finance Charge / Amount Financed =

$195.56 / $1,000 = 19.56

Table factor of 19.56 at 36 periods = 12% APR

Therefore the APR for the borrowed money is 12%

To know more about Annual percentage rate or APR, check the links.

brainly.com/question/2940185

brainly.com/question/2772156

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7 0
2 years ago
Splish Brothers Inc. issues $257,000, 10-year, 8% bonds at 99. Prepare the journal entry to record the sale of these bonds on Ma
klemol [59]

Answer:

Dr Cash 254,430

Dr Discount on bonds payable 2,570

Cr Bonds payable 257,000

Explanation:

Preparation of the journal entry to record the sale of these bonds on March 1, 2022

Based on the information given we were told that Brothers Inc. issues the amount of $257,000 that includes 10-year and 8% bonds at 99 which means that the journal entry to record the sale of these bonds on March 1, 2022 will be :

March 1, 2022

Dr Cash 254,430

(257,000*99%)

Dr Discount on bonds payable 2,570

([$257,000*(100%-99%)]

Cr Bonds payable 257,000

(Being to record the sale of bonds)

8 0
3 years ago
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