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3 years ago

When evaluating a balance sheet, the two primary questions are ________?

Business

1 answer:

Brilliant_brown [7]3 years ago

4 0

In terms of evaluating balance sheet, the two primary questions that are being formulated are the following;

- The assets are financially secure or stable

- The firm has assets that are sufficient and are short term in means of having debts that are only short and temporary.

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Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost

Llana [10]

Answer:

$89,350

Explanation:

Calculation to determine the outstanding balance of the lease liability in Lone Star's December 31, 2018, balance sheet

First step is to calculate the Balance after first payment

Initial lease liability $130,000

Less: First payment $23,000

Balance after first payment $107,000

Second step is to calculate the Interest expense for June 30,2021

Interest expense for June 30,2021= $107,000*5%

Interest expense for June 30,2021=$5,350

Third step is to calculate the Principal payment for June 30,2021

Principal payment for June 30,2021=$23,000-$5,350

Principal payment for June 30,2021=$17,650

Now let calculate the Outstanding balance on June

Balance after first payment. $107,000

Less: Principal payment for June $17,650

Outstanding balance on June $89,350

Therefore the outstanding balance of the lease liability in Lone Star's December 31, 2018, balance sheet is $89,350

8 0

3 years ago

You have been given the choice to invest $1,200 each year in an account that is expected to pay 3 percent per year or you can in

gregori [183]

Answer:

$4872.48

Explanation:

future value = amount x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

r = 4% - 3% = 1%

1200 x [(1.01)^4 - 1] / 0.01 = $4872.48

8 0

2 years ago

When Kira graduated with a degree in computer science, she started her software company. On her first day of operations, she pos

kobusy [5.1K]

Answer:

Her expectation that all her employees would adhere to the laws applicable to the business

Explanation:

By adhering to the laws applicable to her business, and expecting that her employees would follow suit, helped to protect the business from the liability related to breaching laws. Moreover, operating within the legal requirements serves as the first step towards operating as an ethical firm.

7 0

2 years ago

After an hour on the expressway, your passengers need to use the restroom and they want to get some food. As you approach the ne

Gre4nikov [31]

The sign will be blue and it will have food places on it like Mc Donalds and Subway. Those food places will have a restroom so you would just follow the signs direction to that food place.

Hoped I helped!

5 0

2 years ago

The __________ doctrine states that employers have as much right to fire workers as the workers have to leave the company volunt

I am Lyosha [343]

It’s employment at will

3 0

2 years ago