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Elis [28]
3 years ago
8

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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Dashboards can be presented at all the following levels EXCEPT Group of answer choices the visual dashboard level. the static re
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Price skimming works best for which type of product?
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3 0
2 years ago
The many uses of oxiclean products are shown in a program-length television commercial. this is a(n) _____ form of advertising.
svetlana [45]

Answer:

Infomercial.

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7 0
3 years ago
Dogz reports total revenue of $47,561, cost of goods sold of $32,856 and net receivables of $19,595. Their property, plant and e
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Answer: ART

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Account receivable turnover(ART) = Sales revenue/Average Account Receivable

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