All categories

4 years ago

The main purpose of a balance sheet is to show

Business

1 answer:

Gwar [14]4 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.

You might be interested in

Which type of promotion would you use to attract costumers quickly with the help of coupons, samples, and free gifts?

kicyunya [14]

Answer:

Sales promotion

Explanation:

Sales promotion is a marketing strategy of stimulating the demand for a product by offering attractive incentives to customers or retailers. Sales promotion aims at increasing the sales volumes of a product. It involves the use of persuasive tactics to convince the customer to buy. The effects of a sales promotion are usually short-term but may lead to the acquisition of long term customers. Some of the sales promotions commonly used include

Issuing discount coupons.
Free gifts
Discount vouchers
Loyalty cards

4 0

3 years ago

Read 2 more answers

For _______ discounts, reductions off the list price are offered to resellers in the marketing channel on the basis of where the

Maru [420]

Answer:

B. Trade.

Explanation:

A trade discount can be defined as a reduction in the price of goods given by a manufacturer to a wholesaler or retailer when they buy units of goods in larger quantities. This ultimately implies that, a trade discount is a percentage reduction in price given by a manufacturer to a wholesaler or retailer in order to encourage them to buy the goods in larger quantities and thus, increase revenue and profits.

For trade discounts, reductions off the list price are offered to resellers in the marketing channel on the basis of where they are in the channel (wholesaler or retailer) and the marketing activities they are expected to perform in the future.

7 0

3 years ago

Sidney took a $150 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee

strojnjashka [21]

Answer:

A.) 3%; B.) 2% ; C) $155; D) $150

9) $78 ; $1278

10) a) $5940; b) $19440; c) $279; D) 21.64%

Explanation:

Amount = $150

Cash advance rate = 2% = 0.02

A.) cash advance fee = $150 × 0.02 = $3

B.) Interest for one month at APR of 18%

Interest = principal × time × rate

$150 × (1÷12) × 0.16 = $2.00

C.) Total amount paid

$(150 + 3 + 2) = $155

D.) $150

9.)

Interest = principal × rate × time

t = 6 months = (6/12)

Rate (r) = 0.13

Principal = $1200

Interest = $1200 × 0.13 × 0.5 = $78

Total amount = down payment + principal borrowed + interest

Total amount = 0 + $1200 + $78 = $1,278

10.)

Price = $13,500

Down payment = $2700

Loan required = $10,800

Add-on rate = 11% = 0.11

Period = 5 years

A.) Interest = $10,800 × 0.11 × 5 = $5,940

B.) Total cost = Down payment + Principal borrowed + interest paid

$2700 + $10,800 + $5940 = $19,440

C.) Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

Monthly Payment = ($10800+ $5940) / (12×5)

Monthly payment = $16740 ÷ 60 =$279

D.) Annual percentage rate (APR)

APR= (2 × n × I) / [P × (N + 1)]

APR = (2 × 12 × 5940) / [10800 × (60+1)]

APR = 142560 ÷ 658800

APR = 0.21639

APR = 21.64%

7 0

3 years ago

Ward hardware used the fifo inventory costing method in 2017. ward plans to continue using the fifo method in future years. whic

Serggg [28]

The appropriate response is Consistency Principle. The consistency principle expresses that, once you receive a bookkeeping rule or technique, keep on following it reliably in future bookkeeping periods. Just change a bookkeeping rule or technique if the new form somehow enhances revealed budgetary outcomes.

6 0

3 years ago

Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merc

Fofino [41]

Answer:

Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merchandise cost and inventory management system.

Explanation:

fact that support activities in the firm can provide sources of cost reduction

4 0

3 years ago