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kaheart [24]
3 years ago
14

The main purpose of a balance sheet is to show

Business
1 answer:
Gwar [14]3 years ago
8 0

Answer:

E)a,b,and c

Explanation:

A balance sheet is among the three main financial statements prepared by a business at the end of a period.  It displays the assets of a company on one side and liabilities and equity on the other. The preparation of the balance sheet follows the accounting equation of assets equal to liabilities plus equity.

The balance sheet shows the net worth of a company by showing the total value of the firm's assets and how the assets have been financed. It indicates the current value of assets and tracts changes from period to another. The balance sheet will also indicate current liabilities and compares them to the previous period.

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McCoy's Building Supplies built a new headquarters to support its surging sales growth. McCoy issued a 10 year bond at 100 with
IgorC [24]

Answer:

$5,000

Explanation:

Since the payments are due semi-annually and the bond were issued on January 1, 2016 at 100, we will have to calculate the interest cash payments for the two semi-annuals in 2016. Therefore, the interest rate to use is the full annual 5% stated rate. Therefore, we have:

Interest cash payment = Bond face value × Interest rate

                                     = 100,000 × 5%

Interest cash payment = $5,000.

Therefore, the cash interest payments in 2016 is $5,000.

4 0
4 years ago
You have to make a college choice by the end of the month, and you have been accepted by three schools. your parents want you to
nata0808 [166]
That would be a Pressure Stressor :)
6 0
4 years ago
When kwame listens to a customer, he paraphrases the customer's request or complaint to make sure he understands it. which activ
Inga [223]
When Kwame listens to a customer, and he pharaphrases the request or complaint of a customer to understand it, he is using an active listening skill called reflecting. It is an important skill to acquire the customer's idea, stating the idea back to the customer, and reapeat until it is confirmed that both ideas match which would mean understanding the statement correctly.
7 0
3 years ago
Lynn regularly works a 40-hour week and earns $9 per hour. She receives time-and-a-half pay for each hour of overtime she works.
ANTONII [103]

Answer:

Her regular gross pay is $360

Explanation:

Regular gross pay is that pay which the person earn on daily basis or it is a fixed amount which he gets after completing a month.

In the question, we have to find out the regular gross pay which includes the daily earning of a person

So, her regular gross pay is equal to

= number of hours × rate per hour

= 40 × $9

= $360

We don't include overtime wages as it is not included in  regular gross pay. So, it is ignored.

Hence, her regular gross pay is $360

6 0
3 years ago
Grayhawk Company reported net credit sales of $588,000 for the year ending December 31, 2019. On January 1, 2019, the Allowance
Sever21 [200]

Answer:

D) $8,040

Explanation:

<u>Credit Sales Method:</u>

Bad Debt Losses = 3% of Credit Sales

Bad Debt Losses = 0.03 x $588,000

Bad Debt Losses = $17,640

<u>Adjusted balance in the Allowance for Doubtful Accounts:</u>

Bad Debt Losses - (uncollectible accounts receivable - Allowance for Doubtful Accounts)

$17,640 - ($24,000 - $14,400)

$17,640 - $9,600

$8,040

5 0
3 years ago
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