The balance sheet of a company provides important information on the assets owned by the company, its liabilities, and the shareholder’s equity. They are essentially financial statements that outline the financial condition and history of a company.
Balance sheets have various purposes. They help stakeholders to assess and evaluate the business, and take important decisions that promote their interests.
The management may use it to strategize and chart out future plans to cut costs, invest and expand in certain areas, etc. Investors use it to decide whether or not to pour money into the company. Lenders evaluate the credit worthiness of the company, and decide on forwarding loans to it.
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A a lease is like renting something ( example: joe leased his corvette from the Chevrolet dealership he lease his corvette for three year then brung it back and bought a 2018 corvette
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I think that most of the people borrow money for large purchases instead of using a sinking fund because if you need money immediately borrowing money is a simple and easy thing, it takes less time whereas if you use sinking fund, it will take more time because for this you have to make plans earlier but it is a safe and protected method for clearing the debts.
Answer:
False
Explanation:
There is a huge difference between Diminishing marginal utility and law of diminishing marginal rate of technical substitution. The diminishing marginal rate of utility is used to construct short-run production function and it is based on cardinal utility. Correspondingly, the law of diminishing marginal utility is used to construct long-run isoquants and isocost curve, and it represents ordinal utility.