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antoniya [11.8K]
2 years ago
8

Which financial statement is prepared first?

Business
2 answers:
antiseptic1488 [7]2 years ago
6 0
The answer to your question is "Income Statement"
levacccp [35]2 years ago
5 0
<span>The income statement is prepared first</span>
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Real GDPa.is the current dollar value of all goods produced by the citizens of an economy within a given time. b.measures econom
Gre4nikov [31]

Answer:all of the above are Correct (D)

Explanation:

Real GDP is a macro economic statistics that measure the value of the goods and services produced by an economy in a specific period , adjusted for inflation. Government use both minimal and real GDP as metrics for analyzing economic growth and purchasing power over time.

3 0
2 years ago
The objective of a statistical process control​ (SPC) system is to A. provide a statistical signal when natural causes of variat
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Answer:

D. provide a statistical signal when assignable causes of variation are present

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The objective of a statistical process control​ (SPC) system is to provide a statistical signal when assignable causes of variation are present

7 0
2 years ago
Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe
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Answer: The correct answer is e) $32.

Explanation:

Petty cash fund. $300

Office supplies. (80)

Merchandise inventory. (160)

Miscellaneous expenses. (20)

Cash shortage. (8)

Balance in petty cash. $32

In terms of accounting entries,

Debit Office supplies. $80

Debit Merchandise inventory. $160

Debit Miscellaneous expenses. $20

Debit Cash shortage. $8

Credit Petty cash refund. $268

In the above entries, $268 would be refunded to petty cash fund to reinstate it to $300.

3 0
2 years ago
A(n) project team should consist of a number of individuals who are experienced in one or multiple facets of the technical and n
Finger [1]

Answer: <em>True</em>

Explanation:

A project team is referred to as a team whose members usually belong to different groups,i.e.one with technical background and others with non-technical background also play different roles and have functions. A project team can be further divided into parts or sub-teams. Usually, these teams are used for a defined period.

8 0
3 years ago
Which of the following is true about business-to-business (B2B) transactions? For most people, the B2B market is visible and ove
schepotkina [342]

Answer:

B2B e-commerce is larger than B2C e-commerce.

Explanation:

B2B commerce include all the transactions that being done between a business institution and another busines institution. B2C commerce include all the transactions between business institutions and the people.

When we count all value traded in world's commerce, the amount of B2C way surpassed B2B commerce.

But, if we observe e-commerce alone (transaction that being done through internet) , B2B commerce is larger than B2C e-commerce. In united States, B2B e-commerce that occurred in the market worth around $1.1 trillion, while B2C e-commerce only worth around $480 million.

5 0
3 years ago
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