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torisob [31]
3 years ago
15

Common-size statements: Multiple Choice Reveal changes in the relative importance of each financial statement item to a base amo

unt. Show the dollar amount of change for financial statement items. Do not emphasize the relative importance of each item. Compare financial statements over time. Reveal patterns in data across successive periods.
Business
1 answer:
Black_prince [1.1K]3 years ago
7 0

Answer:

Reveal changes in the relative importance of each financial statement item to a base amount

Explanation:

The common size statement refers to the financial statement in terms of balance sheet, income statement, cash flow statement, etc that determines the analysis between the companies of the same industry or different industry. It can be expressed in terms of percentage.

Therefore, in the common size statement it reveals the changes made with respect to the base amount

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Mice21 [21]

Answer:

Total product cost= $169,000

Explanation:

<u>The product cost is calculated using the direct material, direct labor, and manufacturing overhead:</u>

<u></u>

Direct materials $ 79,000

Direct labor $ 40,000

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Answer:

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Explanation:

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As a business owner, explain the importance of scanning the internal and external environment of a business.
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1. Identification of strength

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4. Identification of threat

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Answer:

False

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