Answer:
A) True
Explanation:
The Balance Sheet is a snapshot of the financial situation of a company at the end of the accountable period. It shows which productive resources (assets) the company has for the development of its activities and how they are financed. Assets can be financed by external (Obligation with creditors – Liabilities) or internal sources (Issuing equity shares - Shareholders' equity). As every Asset must be financed either or both with Liabilities or Shareholders' equity, in the Balance Sheet, the accountable equation is represented.
Answer:
New England's cash balance at the end of the year is $208,000
Explanation:
The computation of the ending cash balance is shown below:
Ending cash balance = Net cash provided by operating activities + net cash used by investing activities + cash provided by financing activities + beginning cash balance
= $351,000 - $420,000 + $250,000 + $27,000
= $208,000
We assume the investing activity have made a purchase of fixed assets that's why we deduct it plus it show that the amount is used and the sale amount of land is already included in the investing activity so we do not consider it
Answer:E. The human resource department did not promote Fatima because they thought that she would not be able to travel as frequently as the job requred because she has two young children.
Explanation: This action constituted a breach of the Civil Rights Act.
In getting the gross profit, you need to add all the assets and less the expenses. See below:
Asset - Expenses = Profit
Below are the assets:
$ 23,000 cash on hand
$ 34,000 cash on bank
Therefore the total asset is $ 57,500
While the expense is $41,500
Solution: $57,500 - 41, 500 = $16,000
I hope it helps
Love it or hate it, keeping a balanced budget is one of the most crucial aspects of running a daycare. No matter how excellent the service you offer is, your company will not be able to exist if you do not make more money than you spend.
You can understand exactly where your money is going and identify ways to be more efficient with careful planning and maintaining an eye on your finances. Having a system that you can use and that shows information in a way you can easily comprehend is crucial. The majority of the money you make as a child care provider comes from the parents of the children who are enrolled in your program.
To learn More about daycare from the given link.
brainly.com/question/507309
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