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ElenaW [278]
3 years ago
15

Commonminussized income statements A. compare companies with the same level of net income. B. assist in the comparison of compan

ies of different sizes. C. compare companies with the same level of total sales. D. show each income statement account as a percentage of total assets.
Business
1 answer:
erik [133]3 years ago
7 0

Answer:

B. assist in the comparison of companies of different sizes.

Explanation:

In the common-size income statements, the items of the income statement are shown in the percentage of the sales. The motive of this statement is to compare the financial statements of the same company for different periods or comparing it by different size companies.  

By comparison, the company gets to know about the liquidity, solvency, financial position, performance, profitability over the past years.

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3 0
3 years ago
What do you call the materials that help you achieve your goals?
Gwar [14]
The materials that helps you achieve your goals are called  :
Resources
Example of resources are :
- Capital
- Connection
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5 0
3 years ago
Read 2 more answers
Aurora, a self-employed taxpayer, reports all her income on Schedule C. During the tax interview, Aurora's Tax Professional dete
Leviafan [203]

Answer:

The correct answer is letter "B": Explain to Aurora that she must report all her business income and expenses.

Explanation:

The Internal Revenue Service (IRS) offers tax credits to taxpayers in different situations to benefit them with discounts and promote the proper filing of their yearly income. In front of a possibility on a tax credit for Earned Income, the taxpayer must <em>include all the information on revenues and expenses incurred during the period</em>. This typically applies to self-employed taxpayers.

8 0
3 years ago
During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows: Security S
Nataly [62]

Answer:

See the explanation below.

Explanation:

The data in the question are merged and they are separated first before the question is answered as follows:

Security                       Shares                Purchased Cost ($)

Hawking Inc.                   750                           33,375

Pavlov Co.                    2,030                          47,096

The answers and explanation are now as follows:

Hawking Inc. market value = $53 * 750 = $39,750

Pavlov Co. market value = $42 * 2,030 = $85,260

Total market value stock = $125,010

Total cost of stock = $33,375 + 47,096 = $80,471

Unrealized gain from stock = Market value - Cost = $125,010 - $80,471 = $44,539

Galileo Company

Balance Sheet (Selected Items)

December 31, Year 1.

Details                                                                               Amount ($)

Current Assets:

Available-for-sale investments, at Cost.                              80,471

Valuation allowance for available-for-sale investments   <u> 44,539  </u>

Total                                                                                     <u> 125,010  </u>

3 0
3 years ago
Suppose that the manager of a firm operating in a perfectly competitive market has estimated the average variable cost function
dedylja [7]

Answer:

267 output

Explanation:

The computation of the output produced in the short run is shown below:

As it is given that

AVC i.e average variable cost function = 4.0 - 0.0024Q + 0.000006Q^2

And,

FC i.e fixed cost = $500.

Plus we know that

Total variable cost i.e TVC = AVC × Q i.e Quantity

So,

AVC × Q = TVC

= 4Q - 0.0024Q^2 + 0.000006Q^3

And,

The total cost = Total variable cost + Fixed cost

So,

TC = TVC + FC

= 4Q-.0024Q^2 + .000006Q^3 +$500.

And, the MC i.e marginal cost is

= Total cost  ÷ Quantity

MC = 4 - 0.0048Q + 0.000018Q^2

MC = 4

So,

Price = MC i.e 4

4 - .0048Q + .000018Q^2 = 4

So after solving this Q is 266.67 i.e 267 output

6 0
2 years ago
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