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3 years ago

The income statement:

Business

1 answer:

alexandr1967 [171]3 years ago

8 0

Answer:

The correct answer is number (1): summarizes the firms revenues and expenses over an accounting period.

Explanation:

The Income Statement is a report that examines the financial performance of a business over a given period. In compliance with Generally Accepted Accounting Principles (GAAP), publicly traded companies will report income statements, balance sheets and cash flow for each quarter and year.

<em>A company's Income Statement shows revenues, expenses and net profits for both operating and non-operating activities</em>.

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____ includes the planning, executing, and controlling of all activities involved in raw material sourcing and procurement, conv

seraphim [82]

Answer:

Supply chain management

Explanation:

Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.

The goal is to turn the raw material into the finished goods by going through the manufacturing work cycle so that the product is ready to be sold and shipped to the consumer with specified time and exact location.

In turn, it also focuses on achieving a strategic edge and increasing customer satisfaction.

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4 years ago

If a company is considering the purchase of a parcel of land that was acquired by the seller for $90,000 is offered for sale at

Lelechka [254]

Answer:

$147,000

Explanation:

According to the historical cost principle, the assets of the company should be recorded at the purchase price or acquisition price in the financial statements

Since in the given situations many values are given with respect to the acquisition done by the seller, for tax turquoises, etc

But it is recorded at the purchase price i.e $147,000

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4 years ago

Which principle of the American Free Enterprise System is described in the statement "Consumers have the right to buy and sell p

lilavasa [31]

C. Private Property
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Tony Hawk follows :)

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3 years ago

Lyman’s business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs anoth

muminat

There are options available for Lyman :

Either he
- Sell his equity to his investors, ( which mean that he have to give away a percentage of his company)
- Or he can get some Loans

I he should consider Loans, because his annual revenues already way higher than the amount of loans that he need, he could easily paid it off

7 0

3 years ago

Bond ratings are significantly based on all of the following EXCEPT:_______.

KiRa [710]

Answer:

c) The current ratio

Explanation:

The current ratio is an example of a liquidity ratio.

Liquidity ratios measure a company's ability to meet its short term obligations.

Current ratio = curernt assets / current liabilities

Return on assets is a profitability ratio. It measures return on investment

The other ratios are coverage ratios. They measure the ability of the firm to covert its debts payments

5 0

3 years ago