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
Svetlanka [38]
4 years ago
13

Financial statements are the major means of communicating accounting information to interested parties. Group of answer choices

True False
Business
1 answer:
makkiz [27]4 years ago
3 0

Answer:

True

Explanation:

Financial statements are documents that reports and shows the financial standing of an organization . Financial statements are prepared by an organization to show the performance of the company been for a calculated any financially.

A Financial statement usually contains balance sheets, income statements, statements of cash flow, which are types of pilot

Financial statements communicates account information to interested parties as it help the involved parties to either invest more or not.

Cheers.

You might be interested in
why can it be dangerous to provide credit card information over the internet? does it stop the risk if you only use credit cards
Cloud [144]

If there were no rules or information security standards governing the data that makes up an e-commerce transaction, the Internet would not be as popular as it is now.

It is well recognized that using cyber security is important for e-commerce. Because cyber assaults may result in significant loss of income, data, and company viability, cyber security is crucial for e-commerce. Be aware that an increase in online crime may cause a crash. Therefore, I would say that, in the absence of regulations or information security standards pertaining to the data that makes up an e-commerce transaction, the Internet would not be as popular as it is now.

Learn more about internet here,

brainly.com/question/28368342

#SPJ4

3 0
1 year ago
Crisp Cookware's common stock is expected to pay a dividend of $3 per share at the end of this year; its beta is 0.9; the risk-f
slavikrds [6]

Answer:

The answer is $41.21

Explanation:

Required Rate of Return = Risk Free Rate + Beta*(Market Risk Premium)= 5.2% + 0.9 * 6% = 10.6%

Cost of Equity = D1/Current Stock Price + Growth Rate

10.6% = $3/$40 +g

g = 3.1%

Stock Price After 3 Years = Current Stock Price*Growth Rate= $40 * (1.031)= $41.21

7 0
3 years ago
The following information was available for Kingbird, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $1
photoshop1234 [79]

Answer:

Inventory turnover ratio = 7.2 times

Explanation:

Given:

Beginning inventory = $70,000

Ending inventory = $108,000

Cost of goods sold = $644,000

Sales = $888,000

Find:

Inventory turnover ratio

Computation:

Average inventory = [Beginning inventory + Ending inventory] / 2

Average inventory = ($70,000 + $108,000) / 2

Average inventory = $89,000

Inventory turnover ratio =  Cost of goods sold / Average inventory

Inventory turnover ratio = $644,000 / $89,000

Inventory turnover ratio = 7.2 times

5 0
3 years ago
Most people buy a house with cash. True False
Mnenie [13.5K]
 The answer would be False
6 0
3 years ago
Read 2 more answers
In a commercial bank's t-account, reserves and outstanding loans are recorded as?
Vsevolod [243]

In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.

In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.

Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.

Reserves – additionally called retained income – are portions of a commercial enterprise's profits that have been set aside to strengthen the enterprise's economic function.

Learn more about reserves here brainly.com/question/25812353

#SPJ4

3 0
2 years ago
Other questions:
  • Fox, Inc. reported net income of $300,000 for the current. Changes occurred in several balance sheet accounts as follows: Equipm
    9·2 answers
  • When conducting a financial analysis of a firm, financial analysts:?
    6·1 answer
  • Oct. 1 Stockholders invest $30,000 in exchange for common stock of the corporation.
    15·1 answer
  • A firm operated at 80% of capacity for the past year, during which fixed costs were $330,000, variable costs were 70% of sales,
    10·1 answer
  • Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionate, liquidating distribution of $16,000 ca
    9·1 answer
  • Coffman Electronics produces small, portable printers. The market for the product has stabilized, and Coffman has shifted produc
    7·1 answer
  • What factors warrant special attention in appraising a firm’s inventory, equipment and accounts receivable?
    11·1 answer
  • Which statement best describes the current price for the good shown in this graph of supply and demand schedules.
    12·2 answers
  • With respect to the selection tools that are used in processing applicants for a sales job:Group of answer choicesNone of these
    10·1 answer
  • A vacant lot that measures 100 feet wide by 125 feet deep is listed at a price of $250 per front foot. The broker will collect a
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!