Answer:
4.83%
Explanation:
Given that
Income = 28
End of period value = 2.40
Original value = 29
Recall that
HPR = ((Income + (end of period value - original value)) / original value) × 100
Therefore,
HPR = 28 + (2.40 - 29)/29 × 100
= (28 + ( - 26.6) / 29) × 100
= (1.4 / 29) × 100
= 0.04827 × 100
= 4. 83%
An inventory refers to a detailed list of materials and goods in stock. These items are to be later sold or repaired. It is important to perform an inventory and to take photos of the equipment for taxing purposes, i<span>n case of possible damage or theft, and when deciding whether to purchase additional equipment.</span>
Answer:
Assets
(B)
Cash from operating activities (CF)
Dividends (E)
Equipment (B)
Expenses (I)
Liabilities (B)
Net decrease (or increase) in cash (CF)
Revenues (I)
Total liabilities and equity (I)
Explanation:
The balance sheet shows the assets, liabilities and equity of an entity as at a given date.
The income statement shows the revenue and expenses of the entity for the period ended while the statement of retained earnings shows the movements within the retained earnings account during the review period.
The statements of cashflow shows the net flow of cash from the company's activities namely; Operating, investing and financing activities.
Answer:
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management,
