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3 years ago

The financial statement that shows revenue and expenses for a period of time is the

Business

1 answer:

zavuch27 [327]3 years ago

8 0

The income statement reports revenues and expenses and the resulting net income

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A person does not need contractual capacity to be an agent. a. False b. True

mixas84 [53]

B which would be false

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2 years ago

The graphic-design team meets weekly with the executive director of marketing, Mr. Kitano. Identify the adjectives in the preced

Mila [183]

Answer: Graphic -design, Executive

Explanation: Adjectives are words that qualify a noun. They give more information and specifics about the now they qualify. In the preceding sentence, the adjectives are Graphic-design which qualifies the noun 'team' and Executive which qualifies the now 'Director'.

4 0

3 years ago

Akram owns a small farm. He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The in

topjm [15]

Complete Question:

Akram owns a small farm.He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The income of the business varies greatly during the year. The farm makes a small profit but Akram is ambitious. He wants to take over a neighbors farm and increase the range of crops he sells. He thinks that he needs long-term finance and plans to take out bank loan to pay for the takeover. He has already borrowed money to buy a new tractor. A friend has advised him to form a company and sell shares.

Requirement. Identity two types of short-term finance Akram could use when the farm income is low

Answer with its Explanation:

The two types of short term finances are as under:

Merchant Cash Advance: It is also known as supplier payables but in fact it is actually an cash advance by supplier to promote its sales by allowing credit for a short term. It doesn't what level of profits the company is earning, the supplier always allow small period for payment of its goods.
Invoice Financing: It helps the company borrow money from money lenders (mostly banks) against the debtors accounts. This is usually a short term loan with option to expand both time and money if the company has proven to growth and better credit control. The invoice finacing doesn't effect the borrowings in short term if the business profits are low because for qualifying for such loan the company must have better cash postion. Though higher profits might help in securing the short term loan by using invoice financing but cash generation is the key requirement here.

4 0

3 years ago

As a bank loan officer, you are considering a loan application by Peak Performance Sporting Goods. The company has provided you

Xelga [282]

Answer:

66.7%

Explanation:

Calculation to determine Peak Performance's debt to owners' equity ratio

First step is to calculate the Owner's Equity using this formula

Owner's Equity=Total Assets - Total Liabilities

Where,

Total Assets =$25,000 + $45,000 + $140,000 + $190,000

Total Assets = $400,000

Total Liabilities =$70,000 + $90,000

Total Liabilities=$160,000

Let plug in the formula

Owner's Equity=$400,000-$160,000

Owner's Equity=$240,000

Now let Calculate the debt to owners equity ratio using this formula

Debt to owners equity ratio= Debt [total Liabilities]/Owner's Equity

Let plug in the formula

Debt to owners equity ratio = $160,000/$240,000

Debt to owners equity ratio = 0.667*100

Debt to owners equity ratio= 66.7%

Therefore Peak Performance's debt to owners' equity ratio is 66.7%

7 0

3 years ago

________ can track customer satisfaction directly, measure repurchase intention and also gauge a consumer's willingness to recom

maria [59]

Answer:

A) Periodic surveys

Explanation:

The periodic survey is the survey which takes place after delivering the product and services to the customer. It can be in the form of customer feedback with respect to the satisfaction level, repurchase intention, worth of mouth, etc

By maximizing the customer satisfaction the company can able to achieve their sales targets that results into capture a maximum share in the market

Hence, the first option is correct

7 0

3 years ago