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VMariaS [17]
3 years ago
12

What would be the consequences if we did not have financial statements?​

Business
1 answer:
shusha [124]3 years ago
5 0

Answer:

Explanation:

Common financial statements that companies use include a Balance sheet help them know their financial position at a particular point in time, an Income statement to determine the profitability of the business and Statement of cashflows to determine how cash comes in and goes out with regards to investing, operating and financing activities. If companies did not use these, there will be extreme problem of fraud as there would be no accountability. Not having these statements would lead to high levels of inaccurate disorganized records.

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Analyze the following scenarios to determine who can appropriately access health information.
Crank

Answer:

4. because they are government officials

7 0
3 years ago
The following data pertains to Michalko Corp. Assuming that the risk-free rate is 4.2% and the market risk premium is 6.2%, calc
Artemon [7]

Answer:

Michalko's weighted-average cost of capital is 9.65 %.

Explanation:

Weighted Average Cost of Capital (WACC) is the return that is required by providers of Long term sources of finance.

WACC = Ke x (E/V) + Kp x (P/V) + Kd x (D/V)

Therefore,

Ke = Cost of Equity

     = Return on Risk free Security + Beta x (Return on Market Portfolio -       Return on Risk free Security)

     = 4.2% + 1.25 × 6.2%

     = 11.95 %

E/V = Market Weight of Equity

      = $25,700/ ($25,700 + $19,100)

      = 0.57

Kd = Cost of Debt

  = Market Interest x ( 1 - tax rate)

  = 11% × (1 - 0.40)

  = 6.60 %

D/V = Market Weight of Debt

      = $19,100/($25,700 + $19,100)

      = 0.43

Thus,

WACC = Ke x (E/V)  + Kd x (D/V)

           = 11.95 % × 0.57 + 6.60 % × 0.43

           = 9.65 %

5 0
3 years ago
keitaro, a university administrator, needs to send an official memo to the directors of the registration, advising, and financia
zhenek [66]

Based on the information given to determine who should receive his memo, keitaro consults the organization chart.

Organizational chart is a chart that help to illustrate a company or organization structure based on their rank and the job responsibilities assign to each one of them.

Based on the information given using the organization chart is the best as this will enable the university administrator to identify the right person to receive the official memo.

The university organization chart will show the person to receive the memo based on the rank and workload designated to each individual on the chart.

Inconclusion  to determine who should receive his memo, keitaro consults the organization chart.

Learn more organization chart here:

brainly.com/question/25296906

4 0
3 years ago
The _________________ is an accounting method that (a) estimates bad debts expense from credit sales during the period sales are
oksian1 [2.3K]

Answer:

A) Allowance method of accounting bad debts

Explanation:

Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value

Therefore the allowance method of accounting bad debts is an answer

5 0
4 years ago
Avoidance is a risk-control technique that can be used effectively in a risk management program. a. What is the major advantage
posledela

Answer:The major advantage of avoidance technique in risk management is that it is cheaper than every other method of risk management.

It is possible to avoid all potential loss by company

Explanation:The technique of avoidance save the company deploying it in risk management the stress of paying fines ,loss of funds , reputational damages that may arise among other things should a potential risk crystallized into full blown loss.it involves setting up method or safeguard that protects the institution from a certain level of risk ,it might involves abstaining from certain trasaction as a whole or setting risk limits for certain amount of trasaction,above this limits,it's no deal.

It is possible to avoid potential loss to a barest minimum by adopting the best risk management techniques as applicable,this include hedging in case of currency exchange ,taking insurance against unforseen circumstances, adopting industry best practices,avoiding illegal or overly risky ventures,having a proper risk management team in place.etc

8 0
3 years ago
Read 2 more answers
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