Answer: Balance Sheet
Profit and Loss Statement
Cash Flow Statement
Explanation:
Balance Sheet or the statement of Financial Position is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.
Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.
Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.
I think this is an example of self-serving bias. This is the tendency of people to attribute positive outcomes to personal factors, but attribute negative outcomes to external factors such as other people. The reason people have this tendency because personalizing success or positive outcomes helps their self-esteem.
Answer:
higher in the steel market, lower in the rice market, and unchanged in the TV market
Explanation:
Producer surplus can be defined as the variance between the amount an individual or nation is willing to take for certain quantity of a product versus the amount they receive when the goods are sold at the market value. For the nation of Aquilonia to be importing rice that means producer surplus is higher because the variance is low, it will export rice because the producer variance is low, and hence it wants to give to other countries. But since it is neither exporting nor importing TV, that means that the producer surplus remained the same even after the change in policy.
It should be noted that good starting point for developing time and cost estimates is Past experience.
<h3>What is cost estimate ?</h3>
A cost estimate can be regarded as the approximation of the cost of a program as well as project.
The cost estimate can be seen as product of the cost estimating process and it based on past experience.
Learn more about cost estimate at;
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Answer:
$100,000
Explanation:
The computation of the amount of dollars that suggested for free up the cash management system is shown below:
= Average collection period × current average collections per day
= 2 days × $50,000
= $100,000
We simply applied the above formula so that the correct amount could come and the same is to be applied