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Degger [83]
2 years ago
14

The balance sheet identifies the productive resources (assets) that a firm uses to generate income, as well as the sources of fu

nding from creditors (liabilities) and owners (shareholders' equity) that were used to buy the assets.A) TrueB) False
Business
1 answer:
docker41 [41]2 years ago
5 0

Answer:

A) True

Explanation:

The Balance Sheet is a snapshot of the financial situation of a company at the end of the accountable period. It shows which productive resources (assets) the company has for the development of its activities and how they are financed. Assets can be financed by external (Obligation with creditors – Liabilities) or internal sources (Issuing equity shares - Shareholders' equity). As every Asset must be financed either or both with Liabilities or Shareholders' equity, in the Balance Sheet, the accountable equation is represented.

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Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps bank
Mamont248 [21]

Complete Question: Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to ________.

A) reduce the rate of customer defection

B) make low-profit customers more profitable

C) enhance the growth potential for each customer through cross-selling

D) increase the longevity of the customer relationship

E) focus disproportionate effort on high-value customers

Answer:

B) make low-profit customers more profitable

Explanation:

Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps the banks to make low profit customers more profitable.

The basic logic behind this strategy is that when customers find something coming free, then they start taking it for granted, they don't pay much attention to it, therefore, when the some services are free, customers will not be spending much on them, like upgrading, monthly plan up-gradations, monthly or annual subscriptions. Consequently, to turn the those customers into highly valuable customers, companies charge for the services which were free of cost in the past.

3 0
3 years ago
Grant Appraisal Service provides commercial and industrial appraisals and feasibility studies. On January 1, the assets and liab
Reil [10]

Answer:

attached table

Explanation:

for each transaction the acouting equation stand

As the sum ofthe three assets account is the same as the two liabiltiies account and the two equity account.

The revenues and expenses account were posted directly into retained earnings for the purpose of simplify the table.

<u>The expese account if needed to expand the table would be:</u>

(1) rent expense, (8)utilities expense, (11) interest expense and salaries expense (7) and (9)

5 0
3 years ago
Identify cash equivalents from the listed items. (You may select more than one answer. Single click the box with the question ma
FromTheMoon [43]

Answer:

These two are cash equivalents:

Money market funds

Three-month Treasury bills

Because they represent short-term investments that a company makes with the goal of getting rid of any excess cash that would otherwise be left unused while it is losing value because of inflation.

In other words, the main goal of investments in money market funds and three-month treasury bills, is to prevent cash from losing value due to inflation, and because of that, those investments are considered cash equivalents.

3 0
3 years ago
Read 2 more answers
What's the percentage of Americans living pay check to paycheck
mestny [16]
40 percent of americans
6 0
3 years ago
Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before l
stealth61 [152]

<u>Solution and Explanation:</u>

The total amount of cash available for safe payments would be $25,000 (90,000 - 60,000 - 5,000). This amount will be distributed between Henry and Jacobs in the ratio of 6:4 meaning that $15,000 (25,000*60%) will be given to Henry and $10,000 (25,000*40%) will be given to Jacobs.

The value of $120,000 will be distributed to the partners as follows:

                                  Henry                Issac             Jacobs

Equity                           80,000                 110,000           140,000

Less Loss on Assets  36,000                  72,000              72,000

Liquidation Expenses  1,000                      2,000          2,000

Balances                   43,000                   36,000          66,000

Less Distribution

of Safe Payments to Partners 15,000                  0             10,000

Net Balances                    $28,000  $36,000  $56,000

4 0
3 years ago
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