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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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Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic
algol13

Options:

a. 14.58%  

b. 12.83%  

c. 15.46%  

d. 16.33%  

e. 16.92%

Answer:

Correct option is A.

14.58%

Explanation:

After-tax yield = pre-tax yield x (1- marginal rate)

and Taxable-equivalent yield = tax-exempt yield / (1- marginal tax rate)

Hence Taxable-equivalent yield =.105/(1-.28)  

=.105/.72=.14583333

=14.58 %

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What is bank interest​
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Zhang company reported cost of goods sold of $841,000, beginning inventory of $38,400 and ending inventory of $46,900. the avera
Hunter-Best [27]

Zhang company suggested price of goods bought of $841,000, establishing inventory of $38,400 and ending inventory of $46,900. the common stock amount is $42560.

Average stock is the average amount or price of your stock over two or more accounting periods. It is the mean cost of inventory over a given quantity of time. That price may additionally or may additionally now not equal the median fee derived from the identical data.

<h3>What is the average inventory level?</h3>

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<h3>brainly.com/question/4522984</h3><h3 /><h3>#SPJ4</h3>

4 0
2 years ago
When a broker advertises "sales volume" or "production," the figures must refer to:
alisha [4.7K]
The answer is C I think!
4 0
3 years ago
The following information applies to the questions displayed below.]
MrRissso [65]

Answer:

KORBIN COMPANY

Common Size Comparative Income Statements

For Years Ended December 31, 2017, 2016, and 2015

                                          2017       %          2016          %      2015          %

Sales                            $ 555,000  100    $340,000   100   $278,000  100

Cost of goods sold         283,500    51.1     212,500    62.5   153,900    55.4

Gross profit                      271,500   48.9    127,500     37.5    124,100    44.6

Selling expenses            102,900    18.5      46,920     13.8     50,800     18.3

Administrative expenses 50,668     9.1      29,920       8.8     22,800      6.0

Total expenses               153,568   27.7      76,840     22.6     73,600    26.5

Income before taxes       117,932   21.2      50,660      14.9    50,500      18.2

Income taxes                   40,800     7.4       10,370        3.1      15,670       5.6

Net income                    $ 77,132    13.9   $40,290       11.9  $34,830      12.5

Explanation:

a) Data and Calculations:

KORBIN COMPANY

Common Size Comparative Income Statements

For Years Ended December 31, 2017, 2016, and 2015

                                          2017       %          2016          %      2015          %

Sales                            $ 555,000  100    $340,000   100   $278,000  100

Cost of goods sold         283,500    51.1     212,500    62.5   153,900    55.4

Gross profit                      271,500   48.9    127,500     37.5    124,100    44.6

Selling expenses            102,900    18.5      46,920     13.8     50,800     18.3

Administrative expenses 50,668     9.1      29,920       8.8     22,800      6.0

Total expenses               153,568   27.7      76,840     22.6     73,600    26.5

Income before taxes       117,932   21.2      50,660      14.9    50,500      18.2

Income taxes                   40,800     7.4       10,370        3.1      15,670       5.6

Net income                    $ 77,132    13.9   $40,290       11.9  $34,830      12.5

KORBIN COMPANY

Comparative Balance Sheets

December 31, 2017, 2016, and 2015

                                                  2017            2016         2015

Assets

Current assets                       $ 52,390     $37,924      $51,748

Long-term investments                      0            500         3,950

Plant assets, net                      100,000      96,000       60,000

Total assets                           $152,390   $134,424    $115,698

Liabilities and Equity

Current liabilities                    $22,800     $19,960    $20,300

Common stock                         72,000       72,000      60,000

Other paid-in capital                  9,000         9,000         6,000

Retained earnings                   48,590       33,464       29,398

Total liabilities and equity   $152,390    $134,424    $115,698

b) Korbin's common size income statement shows each line item expressed as a percentage of the revenue or sales value.  This analysis of individual financial statement items is also known as a vertical analysis of the financial statement, making line items comparison to a common base easy.

3 0
3 years ago
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