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Leya [2.2K]
4 years ago
10

An analyst with a national ratings agency is concerned about a firms ability to meet its short term obligations. To evaluate the

firm's liquidity, the analyst would most likely refer to the:
a. Balance Sheet
b. Income Statement
c. Cash Flow Statement
Business
1 answer:
Semmy [17]4 years ago
8 0

Answer:

a. Balance Sheet

Explanation:

The balance sheet reports the total assets, total liabilities and stockholder equity.  

The total asset is comprised of the current asset, fixed assets, and the intangible asset

The total liabilities comprise of current liabilities and long term liabilities

The aim to make the balance sheet is to analyze the liquidity, financial performance, position of the company

Whereas the cash flow statement shows the inflow and outflow of cash and the income statement records total revenues and total expenditures.  

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3 years ago
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GDP is $12 trillion this year in a closed economy. Consumption is $8 trillion and government spending is $2 trillion. Taxes are
Cloud [144]

Answer:

$2 trillion

Explanation:

In a closed economy GDP is $12 trillion

Consumption is $8 trillion

Government spending is $2 trillion

Taxes is $0.5 trillion

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3 years ago
The following account appears in the ledger prior to recognizing the jobs completed in January:
deff fn [24]

Answer:

Following are the solution to this question:

Explanation:

In point a:

Journal Entry :

Account                                      Dr                            Cr.

Goods completed              \$358,680

Processing work                                                 \$358,680

Complete total labour costs

= \$70,950 + \$82,770 + \$ 43,360 + \$ 161,600 \\\\ = \$ 358680

In point b:

Uncompleted jobs cost:

\text{Balance, January 1} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \   \$17,510\\\\\text{Direct materials} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \   \$142,360\\\\ \text{Direct labor } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \             \$153,560\\\\\text{Factory overhead } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \$80,720\\\\\text{Cost of Finished Goods Transferred} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ (\$  358680)\\\\\text{Cost of Unfinished Jobs on Aug 31} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ 35470\\\\

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3 years ago
Suppose your friend earned wages of $93,260, received $1340 in interest from a savings account, and contributed $6300 to a tax-
Kruka [31]

Answer:

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= Earned wages + Interest from savings + Interest on home mortgage

= 93,260 + 1,340 + 4,500

= $99,100

Adjusted gross income:

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= $91,441

Taxable income

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= $77,641

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3 years ago
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