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Ket [755]
3 years ago
12

A financial statement is a(n) ________. Group of answer choices estimate of a firm's future income and expenses hybrid statement

of cash flows itemized forecast of a company's income, expenses, and capital needs written report that quantitatively describes a firm's financial health set of ratios which depict relationships between a firm's financial items
Business
2 answers:
Vlada [557]3 years ago
7 0

Answer:

Option A Written report that quantitatively describes a firm's financial health

Explanation:

The reason is that the financial statements reflects the firm's finanacial health in terms of profits & losses, Assets and its worth, Cash flows and Equity at the year end. This gives an overview where the company is heading. Financial statements gives an overview how the company has managed its costs, increased profits, increased investments, cash generation from core operations, etc. It has wide number of use for decision making purposes for its stakeholders.

Morgarella [4.7K]3 years ago
6 0

Answer:

The correct answer is letter "C":  written report that quantitatively describes a firm's financial health.

Explanation:

Financial Statements are a picture of the financial health of a company for a given period at a given time. Financial statements provide data collecting on the financial results of a company, its economic conditions, and its cash flows. A company's financial statements are broken down into three (3) parts: <em>the Balance Sheet, the Income Statement, </em>and <em>the Cash Flow Statements.</em>

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Which are employed by a service firm and assigned to work at a business or an organization
Shkiper50 [21]

Answer: Leased employee

Explanation:

Leased employee are employed by a service firm and assigned to work at a business or an organization.

They are contractual employee and paid on the basis of what is deemed in contract.

6 0
3 years ago
In each of the following cases, calculate the accounting break even and the cash break even points. Ignore any tax effects in ca
mylen [45]

Answer:

Case 1 Accounting break-even point = 13,861 units

Case 1 Cash break-even point = 11,286 units

Case 2 Accounting break-even point = 20,000 units

Case 2 Cash break-even point = 11,875 units

Case 3 Accounting break-even point = 225 units

Case 3 Cash break-even point = 138 units

Explanation:

Break even point refers to the point or sales unit where total cost is equal to total revenue. That is, both total revenue and total cost at the point are even and there neither profit nor loss.

Break even point can be computed for accounting break even and the cash break even points. The difference between the two is that accounting break even point include depreciation in the fixed cost while the cash break even point deduct non cash expenses from the fixed cost. The formula for the are as follows:

Accounting break even point = Fixed cost / (Unit price - Unit cost)

Cash break even point = (Fixed cost - Depreciation) / (Unit price - Unit cost)

Using the two formula for this question, we have:

Case 1 Accounting break even point = $7,000,000 / ($2,800 - $2,295) = $7,000,000 / $505 = 13,861 units

Case 1 Cash break even point = ($7,000,000 - $1,250,000) / ($2,800 - $2,295) = $5,750,000 / $505 = 11,286 units

Case 2 Accounting break even point = $160,000 / (51 - 43) = $160,000 / $8 = 20,000 units

Case 2 Cash break even point = ($160,000 - $65,000) / (51 - 43) = $95,000 / $8  = 11,875 units

Case 3 Accounting break even point = $1,800 / (12 - 4) = $1,800 / $8 = 225 units

Case 3 Cash break even point = ($1,800 - $700) / (12 - 4) = $1,100 / $8 = 138 units

6 0
3 years ago
Three categories of economic activities included in the business services sector of the economy include
ch4aika [34]
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7 0
3 years ago
Read 2 more answers
What is one reason that a hotel owner might consider hiring a hotel management company?
Allushta [10]

Improved hotel management effectiveness is one reason that a hotel owner might consider hiring a hotel management company.

      What function does a hotel management business serve?

  • The management firm oversees the hotel operations and makes sure they are profitable.
  • They are in charge of every aspect of the business, from hiring and training employees to procuring supplies, cleaning rooms, renting out meeting space, and entertaining visitors.
  • The General Manager is accountable to both the hotel management business AND the original owner who engaged the hotel management firm.
  • The general manager's job is to manage the hotel in a way that generates income for the owner.
  • To be clear, the hotel owner could be a person, a business, or a trust fund or real estate. These will change based on the market and the kind of hotel.

To learn more about  hotel management visit:brainly.com/question/10979252

#SPJ4

6 0
1 year ago
What are five things you can do to overcome stereotypes?
svlad2 [7]

Explanation:

First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:

  • Admit and Say that the stereotypes are wrong
  • Find famous people to give examples of, who think stereotypes are wrong
  • Debate about the wrong associated with stereotypes by giving them sufficient evidence and examples
  • Do what you feel like doing about breaking the stereotypes
  • Provide data to people with examples about people who are not that stereotype.
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3 years ago
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