All categories

3 years ago

A 10K financial report include which of the following financial statements (need help asap!!!)

Business

1 answer:

Yuki888 [10]3 years ago

3 0

A 10-K is just a more detailed Annual Report, without the visuals.

They includes info regarding the company and it's financial performance over the last year.

Balance Sheet's are financial statements that report a company's assets, liabilities, and equities at a specific point in time.

Therefore, we can conclude that 10-K reports include Balance Sheets

You might be interested in

Describe at least two advantages a large company has over a smaller company. (1-4 sentences.

STatiana [176]

A larger company can benefit from economies of scale, meaning they can get discounts by purchasing and producing in bulk which a smaller company wouldn't have the ability to do. A larger store also has the potential for higher revenue because they have more goods and services to sell.

4 0

3 years ago

Read 2 more answers

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a sche

uysha [10]

Answer:

The correct answer is $42,724.8.

Explanation:

According to the scenario, the computation of the given data are as follows:

Uncollectable Amt. = Receivable Amt × Uncollectable Percentage

Time Receivable amt. Uncollectable % Uncollectable Amt.

Not yet due $860,000 1.25% $10,750

1 - 30 days $344,000 2.00% $6,880

31 - 60 days $68,800 6.50% $4,472

61 - 90 days $34,400 32.75% $11,266

Over 90 days $13,760 68.00% $9,356.8

Total $42,724.8

So, Required balance of the allowance for doubtful accounts at Dec.31 is $42,724.8

7 0

3 years ago

A company owns land that is used as a softball diamond and recreational park for hosting employee picnics. Once a year the compa

olga_2 [115]

Answer:

Commercial General Liability Policy will not provide compensation for injured caused by softball to the Director

Explanation:

Commercial General Liability (CGL) is an insurance policy that provide protection and assurance to a business organisation against any legal liability arising from the use of its property, while in the premises of the insured, from use of product.

The Commercial General Liability provides the coverage below:

-Liability arising from Bodily injury and property damage

-Liability arising from Personal and advertising injury and Medical payments

In this director scenario, the CGL have in its provision and condition to provide compensation for the injury caused as a result of their actions (e.g. building collapse, left broken bottles, bad product which directly affected third party) but the director was injured by his own accompanied property and have no relation whatsoever with the Land company. Hence no indemnity or compensation will be provided under the Commercial General Liability Policy.

6 0

3 years ago

How can you find the total number of people on the scale when raul and his friends are weighed?

ohaa [14]

find out the total wight and then each individual weight and then you can subtract

4 0

3 years ago

"Beta Company sells wrist watches at $75 each. Variable cost incurred is $60 for each unit. The break-even point for Beta is 5,0

garri49 [273]

Answer:

Beta must sell 11,180 wrist watches to earn an operating income of $92,700.

Explanation:

Break-even point is the level of sale at which the company is in No Profit and No loss position. It shows that the company has earned enough contribution which covers all the fixed cost of the business.

Selling Price = $75 per unit

Variable cost = $60 per unit

Contribution = Selling Price - Variable cost

Contribution = $75 - $60

Contribution = $15 per unit

Fixed Cost = ?

We can calculate Fixed cost using following formula

Break-even point = Fixed Cost / Contribution per unit

5,000 = Fixed Cost / $15

Fixed Cost = 5,000 x 15 = $75,000

Desired Income = $92,700

We can calculate the sales volume required to earn desired Income of $92,700 by using following formula

Sales Volume = ( Fixed Cost + Desired Profit ) / Contribution per unit

Sales Volume = ( $75,000 + $92,700 ) / $15

Sales Volume = $167,700 / $15

Sales Volume = 11,180 Wrist watches

7 0

3 years ago

A 10K financial report include which of the following financial statements (need help asap!!!)​

A 10K financial report include which of the following financial statements (need help asap!!!)