<u>The vertical analysis</u> identifies the relative contribution made by each financial statement line item.
<h3><u>Vertical Analysis: What Is It?</u></h3>
Each line item is provided as a percentage of a base figure in the statement as part of a technique called vertical analysis for financial statement analysis. As a result, line items on an income statement and balance sheet can both be expressed as a percentage of gross sales, a percentage of total assets or liabilities, and a percentage of total assets or liabilities, respectively. Vertical analysis of a cash flow statement also displays each cash inflow or outflow as a percentage of total cash inflows.
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Preparation of statement of owner's equity for Hawkin for the month ended December 31.
<h3>What is owner's equity?</h3>
Owner's equity is the amount of money that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debt was paid off in the case of liquidation.
Owner's Equity = Assets – Liabilities
Assets
Cash $ 8,300
Accounts Receivable 1,100
Supplies $2,800
Equipment 15,100
Total Assets $27,300
Liabilities
Accounts Payable 7,600
Withdrawals 2,100
Total liabilities ($9,700)
Owner's equity $17,600
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Answer:
d. the relationship between cost and output.
Explanation:
Production function describes how the output of a production function <em>relates </em>to differing levels of input factors such as labor , technology and machine.
The higher the input factors, the higher the physical output whereas, the lower the inputs, the lower the physical outputs of production.
The reconciliation balance for Bane Co. would be:
- Adjusted bank balance $1,380
- Adjusted cash balance $1,380
<h3>What is bank reconciliation?</h3>
Bank reconciliation statement summarizes banking and business activity, reconciling an entity's bank account with its financial records. Bank reconciliation process confirms that two separate records of transactions in an account are equal.
Bane Co. company
Bank Reconciliation for the month ended.
Ending balance on the bank statement $1,480
Add:
Deposit in transit of $200
Less:
Checks outstanding $300
Adjusted bank statement $1,380
Company's books
Ending balance per cash account $1,400
Less:
Service charge $20
Adjusted cash balance $1,380
Therefore,
Bane Co.'s bank statement are:
- Adjusted bank balance $1,380
- Adjusted cash balance $1,380
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