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Lena [83]
2 years ago
11

Which financial statement reports financial data based on the revenue and expense recognition principles?

Business
1 answer:
Katyanochek1 [597]2 years ago
3 0

The  financial statement that reports financial data based on the revenue and expense recognition principles is: income statement.

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

Income statement can be defined as the statement that help to show the income and expenses or expenditure of a company at a specific period of time.

Income statement is important as it enables company to know whether their revenue is higher than their expenses or their expenses is higher than their revenue or they are making loss or profit.

Therefore the  financial statement reports financial data based on the revenue and expense recognition principles is: Income statement

Learn more about Income statement here:brainly.com/question/24498019

#SPJ1

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Why storage forms a key aspect in fruit farming ?​
azamat

Answer:

The goal of storage is to keep them in a dormant state. Once harvested some fruits do not ripen, while others will continue to ripen after harvest because they naturally produce a gas called ethylene.

4 0
3 years ago
According to Karl Marx, capitalists really produced all wealth, and the laborers were the recipients of the wealth.
nikdorinn [45]

Answer: false

Explanation:

Capitalists are the business owner who own the means of production such as factories, tools, and raw material, and who are also entitled to any and all profits. The other, much larger class is composed of labor. Laborers do not own or have any claim or priviledge to the means of production, the finished products they work on, or any of the profits generated from sales of those products. They work only for wages making this kind of system according to Marx an uneven arrangement, capitalists exploit workers. Capitalist do not produce all the wealth and the laborers are exploited

3 0
3 years ago
You own a portfolio that is invested 35 percent in Stock X, 20 percent in Stock Y, and 45 percent in Stock Z. The expected retur
Naddik [55]

Answer:

Expected return - Portfolio = 0.1155 or 11.55%

Explanation:

The expected return on the portfolio is the weighted average of the expected returns of the individual stocks that form up the portfolio. Thus, the formula for the expected return of the portfolio is,

Expected return - Portfolio = rA * wA  +  rB * wB + ... + rN * wN

Where,

  • rA, rB, ... represents the expected return on stock A, return on stock B and so on
  • w represents the weight of each stock in the portfolio

Expected return - Portfolio = 0.09 * 0.35  +  0.15 * 0.2  +  0.12 * 0.45

Expected return - Portfolio = 0.1155 or 11.55%

3 0
3 years ago
How has globalization of this business affected operations and its supply chain?
ExtremeBDS [4]

Globalization increases both oppurtunities like more customers and threats like competition. Supply chain members could be more spread out, but it could also lead to lower cost options.

3 0
4 years ago
Explain two reasons why accurate market research information is important
Sergeeva-Olga [200]

Answer:

Form partnerships with other businesses. Learning about who your customers are, such as their demographics, can help you find other small businesses that serve them. You can approach these businesses for joint promotions that'll be mutually beneficial.

Create profitable order upgrades. Knowing the other products and services that your customers tend to buy can help you come up with add-ons, product bundles, and up-sells that increase the average value of each order.

Explanation:

4 0
3 years ago
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