Which spreadsheet type will determine how well a business has done over the past year?

2 answers:

8 0

A profit and loss statement will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly.

strojnjashka [21]3 years ago

6 0

Answer:

B. Profit-and-loss statement

Explanation:

The balance sheet shows the assets and liabilities of an entity but not the performance.

How well a business has done is a measure of the revenue the company makes with a consideration of the cost incurred in generating this revenue.

The net of the revenue and cost gives the income of the entity.

Such information is only available in the Profit-and-loss statement.

You might be interested in

ABC Motors ordinarily deals in used cars and does some amount of repair work. Robby entrusted his automobile to ABC Motors to ha

AlladinOne [14]

Answer: e. The manager is incorrect.

Explanation:

Based on the information given in the question, the statement that's true regarding the manager's statement that Robby's only recourse is against Connie is that the manager is incorrect.

It should be noted that Connie wasn't aware that the car didn't belong to ABC motors thereby Robby's only recourse is not against Connie. The manager should be able to protect the vehicles brought to the company. In this case, the company is liable and Robby can take up a case against them.

Therefore, the correct option is E

7 0

3 years ago

A lack of trust between two parties engaged in international trade is exacerbated by the narrowing distance between the two part

jasenka [17]

A lack of trust between two parties engaged in international trade is exacerbated by the problems of using an underdeveloped international legal system to enforce contractual obligations. When a strong internal legal system is put place, there is a better chance for trust to be held in trading. When doing international trade both parties need to understand their roles and responsibilities and hold up to the end of the deal. Without trust it's likely the two countries will stop trading with one another.

6 0

4 years ago

How much interest you pay depends on_________

Damm [24]

Answer:

The Interest Rate and how much you owe.

Explanation:

If you have a rate of 10% a month

and you owe $100, the next month you owe $110

or if you owe $50, then next month you owe $55

6 0

3 years ago

You have $5,000 invested in a bank that pays 3.8% annually. How long will it take for your funds to triple?

TiliK225 [7]

Using compound interest
5000 x 1.035^32 gives me 15033 which is triple the original value, therefore it’s 32 years

3 0

3 years ago

How do UPCs (barcodes) help with inventory control?

Kay [80]

Answer: D. Companies can scan the codes to quickly enter data whenever products are received, moved, or shipped.

8 0

4 years ago