Answer:
The answer is B. After the income statement and before the statement of owner's equity.
Explanation:
Income Statement shows the profitability of a business over a period of time.
Balance sheet shows the financial position of a business at the end of the period.
Statement of owner's equity shows the changes in owner's equity over a period of time.
Balance sheet is prepared after the income statement because profit for the year(net profit) in income statement is a line item under owner's equity in balance sheet. It must be known and the figure(net income) must be transferred to balance sheet (equity).
It is prepared before the statement of owner's equity because changes in equity (difference between opening and closing balance under equity in balance sheet) is a line item under changes in owner's equity. Also, issues of shares(in balance sheet) is a line item under statement of changes in owner's equity.
Answer:
B it occurs where the market demand and supply curves intersect.
Explanation:
The equilibrium price is the current market price, as determined by the forces of demand and supply. It reflects the price at which buyers and sellers agree for a specified quantity of a product in a given time.
In a graph containing both the demand and supply curve, the equilibrium price is the two curves' intersection. At this price, there will be excess or short supply in the market.
Answer:
1. The question that you should ask during the development of strategic goals for the organization is:
a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?
2. The time-frame that the group should consider for this plan is:
b. Long-term (Five years or more)
Explanation:
A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals. These are backed up with the action plans for attaining the long-term goals. A strategic plan should involve the whole of the organization and remain futuristic. It does not concentrate on short-term objectives. Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.
Answer:
The correct answer is marginal product.
Explanation:
The marginal product of labor is the change in the output or total product because of hiring an additional unit of labor. In other words, the amount that an additional worker adds to the revenue is its marginal product.
It can be expressed as,
The marginal product of labor depends on the quantity of capital and labor already employed.
There are six types of bankruptcy cases that are provided for in the bankruptcy code, They are:
Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, Chapter 15
In short, Your Answer would be Option B
Hope this helps!
