1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mars2501 [29]
3 years ago
9

Financial statements does not cover a period of time but rather reports amounts at a specific point in time?

Business
1 answer:
SashulF [63]3 years ago
6 0
The answer is: Balance sheet
The balance sheet on the financial statements will show the total amount of each accounts that the company manages to accumulate throughout its operational years. The amount of the balance sheet on current year will be used as a starting point when calculating the balance sheet for the next year
You might be interested in
Decision alternatives:_______
LenaWriter [7]

Answer:

The correct answer is letter "A": should be identified before decision criteria are established.

Explanation:

Decision criteria represent the set of steps individuals take while making a decision. Before taking a decision and selecting decision criteria, the decision alternatives must be outlined. Thanks to these alternatives a problematic situation will be resolved.

3 0
3 years ago
Spain's discoveries in the new world showed other european countries that
Ann [662]
Spain was progressive and strong. It showed other countries that Spain was a leader
5 0
3 years ago
In a table setting the tines of the dessert fork should always be facing toward the
AVprozaik [17]
The person in front of you
5 0
3 years ago
Read 2 more answers
During the first year of Wilkinson Co.'s operations, all purchases were recorded as assets. Store supplies in the amount of $19,
kherson [118]

Answer:

b. increase expenses by $12,900

Explanation:

The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.

The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.

5 0
3 years ago
The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 3
a_sh-v [17]

Answer:

a. Asset turnover = Sales/Average total assets

Asset turnover= 515.7/[(930.9+920.1)/2]

Asset turnover = 515.7 / 925.5

Asset turnover = 0.5572123

Asset turnover = 0.557

b. Return on Assets = Net income/Average total assets

Return on Assets= 80.7/[(930.9+920.1)/2]

Return on Assets = 80.7 / 925.5

Return on Assets = 0.08719

Return on Assets= 8.72%

c. Profit Margin = Net income/Sales

Profit Margin = 80.7/515.7

Profit Margin = 15.65%

8 0
3 years ago
Other questions:
  • What is the purpose of the truth in lending act?
    12·2 answers
  • What is the total dollar amount of personal and dependency exemptions which a married couple with two children (ages 11 and 14,
    13·1 answer
  • An insurance policy sells for ​$1200. Based on past​ data, an average of 1 in 100 policyholders will file a ​$10 comma 000 ​clai
    5·1 answer
  • What is the change due if a $5 bill is tendered for a charge of $4.21? The change in dollars and cents would be $ a0.
    9·1 answer
  • Discontinue a Segment Product Tango has revenue of $1,150,000, variable cost of goods sold of $850,000, variable selling expense
    11·1 answer
  • A pension fund has an average duration of its liabilities equal to 15 years. The fund is looking at 5-year maturity zero-coupon
    14·1 answer
  • Suppose that Ford issues a coupon bonds at a price of $1,000, which is the same as the bond's par value. Assume the bond has a c
    6·1 answer
  • Show the change in the market for gasoline that is consistent with the following statement:
    13·1 answer
  • Entity B bought equipment for $240,000 on January 1, 2021. It estimated the useful life to be 3 years with no salvage value, and
    14·1 answer
  • Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 mi
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!