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3 years ago

Which of the following statements is CORRECT?

Business

1 answer:

Lera25 [3.4K]3 years ago

3 0

Answer:

c. The "apparent," but not necessarily the "true," financial position of a company whose sales are seasonal can change dramatically during a given year, depending on the time of year when the financial statements are constructed.

Explanation:

Financial statements are used to show the financial activity of a business within a given period.

One of the principles of a accounting is periodicity. This requires businesses to report their financial position at regular intervals consistently, and not in an inconsistent manner. So if a business reports their finances twice a year. At year end and at mid year, it is possible that at mid year due to seasonal sales performance will be high and business is perceived to be highly profitable.

But financial report at end of year in the off-season will show low performance.

So for seasonal businesses there can be apparent view of a business during the year that can change dramatically because of time at which reports are made.

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3 years ago

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prisoha [69]

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3 years ago

Net sales revenue for 2024 was and for 2025 was . what is the percentage of increase or decrease in net sales revenue for the tw

polet [3.4K]

The percentage of increase or decrease in net sales revenue a decrease is 15.45%

Sales in 2024 = $110000

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Net sales are gross sales generated by the business, excluding returns, rebates, and rebates. This number is used by analysts when making business decisions or analyzing a company's revenue growth.

Total sales are not adjusted for returns, rebates, and rebates. The earnings reported on the top line of a company's income statement are net earnings. Net sales are also known as net sales, net sales, or sales.

Revenue is the total amount of revenue from sales for a specific period. Quarters. Sales may be reported as net sales as they may include discounts and deductions from returned or damaged merchandise.

Learn more about net sales revenue here:

https://www.plagiarismremover.net/

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2 years ago

The price level in the country is determined by ______ and _______.

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The answers are supply and demand.

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3 years ago

Which NIMS Management Characteristic involves using standardized names and definitions for major organizational functions and un

mylen [45]

Answer:

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Explanation:

NIMS establishes a common terminology to work cooperatively with other organizations in some emergency scenarios, this is used to avoid confusion.

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