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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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The union created when member countries of an economic and monetary union work closely with one another to arrive at common defe
nata0808 [166]

Answer:

Political union

Explanation:

Political Union is a union created when member countries of an economic and monetary union work closely with one another to arrive at common defense and foreign policies and behave as a single country.

Political union is when smaller states come together to form one state.

Forms of a political union includes:

Incorporating union

Incorporating annexation

Federal (or confederal ) union

Federative annexation

Mixed unions

I hope my answer helps you.

3 0
3 years ago
Barney has a balance of $780 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest
BlackZzzverrR [31]

$119.66 is the answer for apex

8 0
3 years ago
Read 2 more answers
Your client has called for help with that bank fees in QuickBooks Online you began by asking them to open the bank and tab in th
viktelen [127]
This doesn’t make sense :(
3 0
3 years ago
Alex withdrew $500,000 from an account that paid 5 percent annual interest and used the funds to purchase real estate. After one
oksano4ka [1.4K]

Answer:

a) 25,000

Explanation:

The computation of the economic profit is shown below;

Economic profit is

= Revenue - Explicit cost - Implicit cost

= $550,000 - $500,000 - $500,000 × 5%

= $550,000 - $500,000 - $25000

= $25,000

Hence, the economic profit on this deal was $25,000

Therefore the correct option is a.

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

7 0
3 years ago
A​ firm's operating cash flow​ (OCF) is defined as​ ________. A. gross profit minus operating expenses B. EBIT times one minus t
Sloan [31]

Answer:

B. EBIT times one minus the tax rate plus depreciation

Explanation:

The formula to calculate the operating cash flow is given below:

Operating cash flow = EBIT + Depreciation expenses - Income tax expense

The EBIT stands for earning before interest and taxes

And, EBIT - income tax expense = Earning after taxes (EAT)

The operating cash flow is the amount which is left after paying all the expenses related to cash

6 0
3 years ago
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