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-Dominant- [34]
3 years ago
15

A business's balance sheet cannot be used to accurately predict what the business might be sold for because: A) it identifies al

l the revenues and expenses of the business. B) assets are generally listed on the balance sheet at their historical cost, not their current value. C) it gives the results of operations for the current period. D) some of the assets and liabilities on the balance sheet may actually be those of another entity.
Business
2 answers:
melisa1 [442]3 years ago
8 0

Answer:

The correct option is B

Explanation:

This is because assets are generally listed on the balance sheet at their historical cost, not their current value.

The balance sheet, sometimes called the statement of financial position, lists the company’s assets, liabilities,and stockholders ‘ equity (including dollar amounts) as of a specific moment in time. That specific moment is the close of business on the date of the balance sheet.

KATRIN_1 [288]3 years ago
7 0

Answer:

A) it identifies all the revenues and expenses of the business.

Explanation:

A business balance sheet refers to a financial statement which lists the assets (what the business owns), liabilities (what the business owes) and owner's equity (the money left over for the owners) at a particular time.

The balance sheet is also called the statement of financial position since it summarizes the financial position of a firm or business.

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Explain how to calculate total asset turnover. Describe what it reveals about a company's financial condition, whether a higher
Deffense [45]

Total Asset Turnover -Net sales / Revenue divided by Average Total Cost

Explanation:

Total Asset turnover helps to know :-

1. Financial Condition - Which means how much profit the company has earned and what are there Retained Earnings.

2. Desirable Ratios - Depending upon the company type and size ratios are decided which helps them to make a standard comparison.

Total Asset turnover helps to compare the efficiency of the company through figures which would give them a direction to increase there sales volume.

8 0
3 years ago
Refer to the given list of assets. 1. Large-denominated ($100,000 and over) time deposits 2. Noncheckable savings deposits 3. Cu
Irina-Kira [14]

Answer:

A. items 2, 4, 7, and 8

Explanation:

As we know that the near money should also be known as the quasi-liquid money and this comprise of high liquid money not only used for the transactions as they are only part of M2 money so it cant be involved in M1 money

And, the other options are related to currency or the instruments instead having less liquidity levels

Therefore the option a is correct

4 0
3 years ago
True or False: If the extra output produced from an additional unit of capital falls as the stock of capital rises, the country
Trava [24]
I think the answer for this problem is false
6 0
3 years ago
Read 2 more answers
The produce people share program, which provides six million pounds of fresh fruits and vegetables to the impoverished poor, has
allochka39001 [22]

It has a people orientation, a principle under total quality management (tqm) in which the organization is focused on delivering value to customers. They focused on the people, specially the impoverished poor for their sharing of the fruits & vegetables.

6 0
3 years ago
As a small business owner in today’s economy, what three financial reports would you use on a regular basis? What information wo
nalin [4]

Answer: Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Explanation:

Balance Sheet or the statement of Financial Position  is a report that shows the assets that your business owns against your equity and liabilities. This report can help you make asset purchasing decisions or decisions about how to fund the acquisition of new assets.

Profit and Loss Statement: shows a detail of the income your business has earned, the expenses you incurred to earn this income and your profit/loss. This report can help you figure out if your expenses are too high or the prices you charge for your goods/services are too low.

Cash Flow Statement: shows your liquidity position at different points during a financial period. This report is important as it allows you to see periods when you may need an extra inflow of funds to keep your business operational and can help you decide when to apply for bank loans or whether to delay the purchase of some assets.

6 0
4 years ago
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