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Ierofanga [76]
3 years ago
3

A balance sheet can be standardized by expressing each asset and liability as a percentage of total assets. True False

Business
1 answer:
mars1129 [50]3 years ago
4 0

Answer:

True

Explanation:

A Balance Sheet is one of the financial statements used to help a company find out its total assets, liabilities and equity along with its financial position in the market. A balance sheet helps to find out the equity of a company by deducting its liabilities from its assets.

It is true to say that a Balance Sheet can be standardized by expressing each of its assets and liability as a percentage of total assets. This method of standardizing is commonly known as preparation of Common Size Statements where each item of the balance sheet that is the assets and the liabilities are expressed in the form of percentage of the total assets.

This helps a company to find out the changes taking place in the company's financial statements. Its makes the comparison easy over a period of two to three years.

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How frequently is a firm required to notify customers regarding how to access brokercheck®?
lara31 [8.8K]

<u>Annually,</u> a firm is required to notify customers regarding how to access BrokerCheck®.

FINRA member firms are required to annually give each of their clients the phone number and website address for BrokerCheck in writing, in accordance with FINRA Rule 2267 (Investor Education and Protection). Additionally, they must yearly notify their clients of the availability of an investor brochure that contains detailed information about BrokerCheck.

What is FINRA or Financial Industry Regulatory Authority's BrokerCheck? It is a free online resource for researching brokers, investment companies, and financial advisors. Investors can find a wide range of information that may be useful in the selection and vetting of a specific financial advice provider or brokerage firm.

Learn more about FINRA rules here: brainly.com/question/26030495

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4 0
2 years ago
How might the government regulations affect a small family restaurant
raketka [301]

Explanation:

regulations are significance]factor that could prevent from our restaurant from growing it also involved rule makingfind child labor

7 0
3 years ago
AB Builders, Inc., has 17-year bonds outstanding with a par value of $2,000 and a quoted price of 94.863. The bonds pay interest
timofeeve [1]

Answer:

13.47%

Explanation:

yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

7.07% = {coupon + [($2,000 - $1,897.26)/34]} / [($2,000 + $1,897.26)/2]

7.07% = (coupon + $3.0218) / $1,948.63

coupon + $3.0218 = $1,948.63 x 7.07% = $137.7681

coupon = $137.7681 - $3.0218 = $134.7463

semiannual coupon rate = $134.7463 / $2,000 = 0.06737 x 2 = 0.1347 ≈ 13.47%

8 0
4 years ago
Youngston Company (a Massachusetts employer) wants to give a holiday bonus check of $750 to each employee. Since it wants the ch
stepan [7]

Answer:

Gross bonus=$1,148.54

FIT=252.68

OASDI=71.21

HI =16.65

MASS. TAX=58.00

Explanation:

Calculation for the withholding taxes and the gross amount of the bonus

Calculation for gross amount of the bonus

Gross amount of the bonus= [$750/ (1- 0.22 - 0.062 - 0.0145 - 0.0505] - 0.01

Gross amount of the bonus= [$750/ (0.78 - 0.062 - 0.0145 - 0.0505] - 0.01

Gross amount of the bonus= [$750/ 0.653] - 0.01

Gross amount of the bonus=1,148.545-0.01

Gross amount of the bonus=$ 1,148.54

Therefore the Gross amount of the bonus will be $ 1,148.54

Calculation for the withholding taxes

FIT =1148.54 * 22%

FIT=252.68

OASDI= 1148.54 * 6.2%

OASDI=71.21

HI=1148.54 * 1.45%

HI =16.65

MASS. TAX =1148.54 * 5.05%

MASS. TAX =58.00

NET 750.00

[$1,148.54-(252.68+71.21+16.65+58.00)]

Therefore the withholding taxes are:

FIT=252.68

OASDI=71.21

HI =16.65

MASS. TAX = =58.00

7 0
3 years ago
International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the
ivann1987 [24]

Answer:

China&the U.S.

Explanation:

These two countries are lead producers and importers. You lift the tag of your favorite sweatshirt and see Made in China. The U.S. does'nt produce as much goods, but importing is a big U.S. sideline business. The U.S. imports alot of goods worlwide. From The Indies to The Middle East, the U.S. is a lead importer.

4 0
4 years ago
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