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klasskru [66]
3 years ago
14

The balance sheet of a corporation reports ______. only the debts of the business and its owners only the results of the busines

s owners' personal activities the results of all the business and personal activities affecting the business and the owners only the results of the business' activities
Business
1 answer:
grandymaker [24]3 years ago
6 0

Answer:

only the results of the business' activities

Explanation:

 balance sheet is among the three main financial statements prepared by a corporation. It reports the financial positions of the business by showing the value of assets, liabilities, and the shareholder's equity at any point in time. Therefore, a balance sheet shows the net worth of the corporation.

The preparation of the balance sheet follows the accounting equation of assets equals liabilities plus shareholder equity. On one side, the balance sheet reports the assets and liabilities and equity on the other.  In other words, the balance sheets indicate how the assets of a business are financed. It does not report on the personal activities of business owners.

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Labor is a resource that is necessary to produce many goods. "if the price of labor falls," says the economist, "the prices of g
Anna007 [38]

If the price of labor falls, the supply of goods rises and the prices of those goods fall.

If labor costs go down, it will cost less for a business to make products so they will make more and supply will go up. When supply goes up, prices tend to fall.

7 0
4 years ago
Clare purchases a single product for $15 and sells it for $30. Forecasted sales for the next three months are July 4,000 units,
anastassius [24]

Answer:

Budgeted purchases in units for August are 6600 units

Explanation:

The budgeted purchases in units for August under the policy followed by the company will be as follows.

The units required to meet August sales are 6000 units.

The opening inventory in August will be 40% of August sales that is 0.4 * 6000 = 2400 units

Thus, the units need to be purchased in August to meet August sales = 6000 - 2400 = 3600 units

In August, we also need to purchase enough units to cover 40% of September sales. Units needed in August for September sales = 0.4 * 7500 = 3000 Units

Purchases in August = Purchases required to meet August sales - Purchases required to meet the desired ending inventory

Purchases in August = 3600 + 3000 = 6600 units

5 0
3 years ago
Ashley had been frustrated with her new job at Walnut Securities, until she befriended a secretary from another department. Over
bekas [8.4K]

Answer: Relating with people in her organization that have been there longer than her can help her with her job.

Explanation: When someone is employed newly in an organization, the new employee needs to get some information about their new place of employment. This process of gathering information can be done by asking questions to staffs in the firm there before the new employee.

This step helps to ease the work making a new employee know what to expect in their new firm.

7 0
3 years ago
Kitchen Convenience Company manufactures two productslong dashtoaster ovens and bread machines. The following data are​ availabl
Triss [41]

Answer:

Contribution margin per hour= $360

Explanation:

Giving the following information:

Bread Machines:

Sales price= $140

Variable costs= $50

Contribution margin per unit= $90

Kitchen Convenience can manufacture four bread machines per machine hour.

<u>To calculate the total contribution margin per hour, we need to multiply the number of bread machines produced in an hour for the unitary contribution margin.</u>

Contribution margin per hour= $90*4 units= $360

3 0
3 years ago
The total cost of direct materials, direct labor, and factory overhead transferred from the Work-in-Process Inventory account to
stepan [7]

the cost of the good will be thereb at the same ti e u go to the reustruant and make the payment

5 0
3 years ago
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