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4 years ago

Which financial statement would best display a company's plant, property, and equipmnt used everyday

Business

1 answer:

yuradex [85]4 years ago

4 0

Answer:

Balance sheet

Explanation:

Balance sheet is referred to as the statement of assets and liabilities. Property plant and equipment are shown in balance sheet with a schedule of addition, deletion and depreciation is attached to it. Hence, the financial statement that would best display a company's plant, property and equipment used everyday is the Balance sheet.

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Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He

aksik [14]

Answer:

$6,000

Explanation:

Since the main the activitity of Carlos' business is dry cleaning services, but not a trade in or business in holding real property, he is only is at risk for $30,000 which is personal money

Therefore, the total of $24,000 will be deducted in the first year while the remaining $6,000 will be deducted in the second year to have a total of $30,000 which is his personal risk.

Therefore, for the second year, Carlos can deduct $6,000 of the loss.

3 0

3 years ago

your local pawn shop loans money at an annual rate of 24 percent and compounds interest weekly. What is the actual rate being ch

Alika [10]

Answer:

27%

Explanation:

The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:

i=(1+(r/m))^m−1

i= effective annual rate

r= interest rate in decimal form=0.24

m=number of compounding periods per year= 52 (a year has 52 weeks).

i=(1+(0.24/52))^52-1

i=1.27-1

i=0.27

According to this, the answer is that the actual rate being charge on these loans is 27%.

6 0

3 years ago

"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quan

Anastaziya [24]

Answer:

Law of demand

Explanation:

Indeed, the law of demand is that the price and quantity demanded are inversely related. Ceteris paribus, the economist say. It is a latin expression that means "other things equal".

As the resources are, per definition, scarce, the consumers, ecomomic agents who buy the products, need to allocate the money among the different goods and services that the market puts at their disposal.

And they allocate the resources in a intelligent way: they "calculate" the utility of each product considering the cost. If the price increase, the ratio of utility to cost decreases and the consumer will diminish the quantity demanded for that good. If the price decrases, the utility to cost ratio increases and the quantity demanded will increase.

7 0

3 years ago

J. S. Bach's organ chorale prelude "Jesu, Joy of Man's Desiring" is an example of ______ texture.

drek231 [11]

The answer is "polyphonic"

Hope this helps:)

3 0

3 years ago

Read 2 more answers

In comparing the current ratios of two companies, why is it invalid to assume that the company with the higher current ratio is

klio [65]

Answer: I found the options:

A. The current ratio includes assets other than cash.

B. A high current ratio may indicate inadequate inventory on hand.

C. The two companies may define working capital in differentterms.

D. A high current ratio may indicate inefficient use of various assetsand liabilities.

Explanation: The correct answer is "D. A high current ratio may indicate inefficient use of various assets and liabilities."

Is invalid to assume that the company with the higher current ratio is te better company because a high current ratio may indicate inefficient use of various assets and liabilities, That is why it would be convenient to observe other ratios that can help us compare more fully the 2 companies.

4 0

3 years ago