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Naddik [55]
1 year ago
13

cali wants to work on improving her money management skills. to start, she needs to gather financial records. what type of finan

cial record would most help her begin this process?
Business
1 answer:
dedylja [7]1 year ago
5 0

One type of financial record that would most help her begin this process would be her bank statements.

What is financial record?
Financial records
are the official papers that document the transactions of a company, a person, or any other organisation. Companies keep financial records, such as income statements, balance sheets, cash flow statements, statements of retained earnings, and tax returns. An important sign of a successful business is the organisation of the financial records. Such a record is necessary to give stakeholders and Accutane financial information about a business or an individual in a clear and concise manner. To prepare financial statements or other record for financial reviews and audit, all relevant financial data must be available. In order to assist in the creation of financial records like assets and liabilities, general ledgers, and other supporting documents, books of accounts are also helpful.

To learn more about financial record
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The Washington, D.C.-based Heritage Foundation survey consists of over 178 countries ranked by degree of economic freedom. The k
DedPeter [7]

Answer:

percent foreign ownership.

Explanation:

The twelve freedoms included in the Heritage Foundation of Economic Freedom index are divided into four main categories:  

Rule of law

  • Property rights
  • Judicial effectiveness
  • Government integrity

Government size

  • Tax burden
  • Government spending
  • Fiscal health

Regulatory efficiency

  • Business freedom
  • Labor freedom
  • Monetary freedom

Open markets

  • Trade freedom
  • Investment freedom
  • Financial freedom
8 0
3 years ago
Firms are organizations that A) take advantage of the public. B) transform resources into products. C) transform outputs into in
loris [4]

Answer:

B

Explanation:

A firm is an organisation that is created to make profit. They transform resources into products

They include :

  • corporations
  • limited liabilities
  • partnerships
7 0
3 years ago
The following information was taken from Nash Inc.'s trial balances as of December 31, 2018, and December 31, 2019.
Elina [12.6K]

Answer:

1. Calculate the net profit margin and accounts receivable turnover for 2019

Net profit margin = Net income/Net sales

Net profit margin = 36,000/(219000-4000)

Net profit margin = 16.74%

A/R turnover = Sales/Average turnover

A/R turnover = (219000-4000)/((32000+39000)/2)

A/R turnover = 6.06

2. How much does Nash make on each sales dollar?

= 36,000 / (219000-4000)

= 36,000 / 215000

= $0.17

3. How many days does the average receivable take to be paid (assuming all sales arc on account)?

Days Sales Outstanding = Average account receivables*365 / Net credit sales

Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)

Days Sales Outstanding = 12957500/215000

Days Sales Outstanding = 60 days

8 0
3 years ago
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products A B C
Goryan [66]

Answer:

How many minutes of grinding machine time would be required to satisfy demand for all four products = 97,620 minutes.

Explanation:

The minutes of grinding machine required to satisfy demand for all four products -

Grinding time of Product A = Grinding minutes per unit of Product A * Monthly demand in units of Product A

= 5.0 * 5,200 = 26,000

Grinding time of Product B = Grinding minutes per unit of Product B * Monthly demand in units of Product B

= 6.50 * 5,200 = 33,800

Grinding time of Product C = Grinding minutes per unit of Product C * Monthly demand in units of Product C

= 5.50 * 4,200 = 23,100

Grinding time of Product D = Grinding minutes per unit of Product D * Monthly demand in units of Product D

= 4.60 * 3,200 = 14,720

The minutes of grinding machine required to satisfy demand for all four products =

= 26,000 + 33,800 + 23,100 + 14,720

= 97,620 minutes.

6 0
3 years ago
Mortgage lenders probably have the most interest in the ______ ratios. a. long-term debt and times interest earned b. return on
shtirl [24]

Answer:

A. Long-term debt and times interest earned

Explanation:

A Mortgage lender is an individual or an organization that loans money and take security interest in real property. The loan or money gotten from mortgage lenders are mainly used in purchasing real estate or for any purpose, while putting a lien on the property being mortgaged. Mortgage lenders most interest is in long term debts and times interest earned by long term mortgage rate is usually higher than short term and also secured the borrowers their payments and interest rates for a good period of time.

3 0
3 years ago
Read 2 more answers
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