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stiv31 [10]
3 years ago
5

The purpose of a balance sheet is to report the ______.

Business
1 answer:
bagirrra123 [75]3 years ago
3 0

Answer:

c. financial position of a business at a particular point in time

Explanation:

A balance sheet is a financial statement that shows the financial position of a business at a particular point in time. It lists the assets, liabilities, and owner's equity.

I hope my answer helps you

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On September 1, Year 1 Western Company loaned $36,000 cash to Eastern Company. The one-year note carried a 5% rate of interest.
alukav5142 [94]

Answer:

Option (C) is correct.

Explanation:

Given that,

Cash amount loaned = $36,000

Rate of interest on note = 5%

Time period: From September 1, Year 1 to December 31, Year 1 = 4 months

Amount of Interest revenue:

= Cash amount loaned × Interest rate × Time period

= $36,000 × 0.05 × (4/12)

= $36,000 × 0.05 × (1/3)

= $599.9 or $600

There is no cash flow from operating activity in respect of loan given to another company and interest revenue accrued on loan amount.

8 0
2 years ago
(PLEASE ANSWER FAST!!) (13 POINTS)
suter [353]

Answer:

C. four years

Explanation:

hope this helps

7 0
2 years ago
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The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020:
kumpel [21]

Answer:

Explanation:

Please see attached file .

Download docx
5 0
3 years ago
Concord Company is involved in producing and selling high-end golf equipment. The company has recently been involved in developi
hoa [83]

Answer:

$8,586,000

Explanation:

market price for Littlelaser $100 per unit

units sold 106,000

total revenue generated by Littlelaser = $100 x 106,000 = $10,600,000

required investment = $8,056,000

since the investors require a return on investment of 25%, then the profits generated by Littlelaser should be:

ROI = net income / total investment

25% x $8,056,00 = net income

net income = $2,014,000

target cost = total revenue - net income = $10,600,000 - $2,014,000 = $8,586,000

total revenue $10,600,000

<u>- total cost $8,596,000    </u>

net income $2,014,000

7 0
3 years ago
The term ssr/ss total is also called the select one:
GaryK [48]

Answer : coefficient of determination.

In the regression analysis results on MS excel the SSR/ SS total is called as " coefficient of determination"

6 0
3 years ago
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