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
Stella [2.4K]
3 years ago
14

Discuss three of the following statements in a financial statement and report: A) Balance Sheet; B) Income Statement; C) Stateme

nt of Retained Earnings; D) Statement of Cash Flows.
Business
1 answer:
NeX [460]3 years ago
7 0

Answer:

A) Balance Sheet: reports the assets, liabilities and shareholders' equity at a given point in time. Assets = Liabilities + Shareholders' equity

B) Income Statement: reports the profits or losses = total revenues - total costs, over a specific period of time

C) Statement of Retained Earnings: reports the changes in the retained earnings account during the accounting period, it shows how net income increases retained earnings and how dividends decrease it.

Explanation:

You might be interested in
On January​ 2, 2019, Kaiman Corporation acquired equipment for​ $700,000. The estimated life of the equipment is 5 years or​ 80,
disa [49]

Answer:

$272,000

Explanation:

Accumulated depreciation is the sum of depreciation expense.

Depreciation is a method of expensing the cost of an asset.

Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life

($700,000 - $20,000) / 5 = $136,000

The straight line depreciation method Deprecation allocates the same deprecation expense each year of the useful life of an asset.

The depreciation expense in 2019 and 2020 would be $136,000 x 2 = $272,000

I hope my answer helps you

8 0
3 years ago
if, after one year, the yield to maturity on a multiyear coupon bond that was issued at par is lower than the coupon rate, what
maw [93]

When the YTM is lower than the bond's coupon rate, the bond's market value exceeds its par value (premium bond). Bonds are selling at a discount if their coupon rate is smaller than their YTM. A bond is trading at par if its coupon rate is equal to its yield to maturity (YTM).

<h3>What is the cost of a $1,000 par value, three year, zero-coupon bond?</h3>

(a) A three-year zero-coupon bond with a face value of $1,000 would have a present value (or price) of 874.69 with a yield of 4.564 percent.

<h3>What is the yield to maturity on a discount bond with a $1000 face value that will mature in a year and sell for $800?</h3>

The yield to maturity is determined using the following formula with the current price of $800: 800 = 1000 / (yield to maturity plus one) Yield to maturity Equals 1 plus yield.  Yield until maturity equals 25%

To Know more about coupon rate

brainly.com/question/16913107

#SPJ4

5 0
1 year ago
7 pounds of raw material are required to make 1 finished unit. The company desires an ending raw materials inventory for each mo
timurjin [86]

Answer:

Instructions are below.

Explanation:

We weren't provided with enough information to answer the request. <u>But, I will give an example and formulas to guide an answer.</u>

<u>For example:</u>

Production in units:

May=20,000

June= 22,000

Beginning inventory of direct materials= 8,000

<u>To calculate the purchase for May, we need to use the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= 20,000*7 + (22,000*7)*0.29 - 8,000

Purchases= 176,660 pounds

7 0
3 years ago
Your interest rate on your loan with the credit company can go up big time if you make late payments,or go over your credit limi
andreev551 [17]

Answer: go over your credit card limit

Explanation:if you go over your credit card limit you now owe more money to the bank.

3 0
3 years ago
Chris has a job as a sales representative for a pharmaceutical company. The company offers both quarterly and annual bonuses bas
earnstyle [38]

Answer:

c. remuneration of personnel

Explanation:

Henri Fayol developed the fourteen principles of management.

One of the fourteen principles being, Remuneration of personnel.

Fayol was of the opinion that in order to extract the best performance from employees, appropriate remuneration system must exist in an organization.

This meant emphasizing on employee satisfaction by following fair remuneration practices coupled with adequate incentive system which rewards good performance.

In the given case, the pharmaceutical company offers performance based incentives in the form of quarterly as well as annual bonuses in addition to an existing profit-sharing plan for employees. This is an example of Fayol's principle of Remuneration of personnel.  

8 0
3 years ago
Other questions:
  • Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analys
    11·1 answer
  • Bankruptcy is a process when a lender tries to obtain money from an individual's employer to pay an unpaid debt.
    9·2 answers
  • On 12/31/2015, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $
    10·1 answer
  • It is estimated that the average cost of an outbound telemarketing sales calls on a business customer is about __________, versu
    10·1 answer
  • Research from the 1970s to the 1990s found that over 90 percent of a fund's returns over time is explained by
    14·1 answer
  • When building a business model canvas, the ________ is where your offering goes - how you plan to solve the pains or create the
    7·1 answer
  • Lisa consumes only pizzas and burritos. In equilibrium, her marginal utility of pizza is 40 and her marginal utility of a burrit
    12·1 answer
  • Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $
    6·1 answer
  • On January 1, 2021, Teal Corp. had 502,000 shares of common stock outstanding. During 2021, it had the following transactions th
    7·1 answer
  • Free or minimal cost items offered by companies in order to entice customers to buy their product are called?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!