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IgorLugansk [536]
2 years ago
5

Four financial statements are usually prepared for a business. The statement of cash flows is usually prepared last. The stateme

nt of owner's equity (OE), the balance sheet (B), and the income statement (I) are prepared in a certain order to obtain information needed for the next statement. In what order are these three statements prepared?
Business
1 answer:
Bezzdna [24]2 years ago
6 0

Answer:

1. Income statement

2. Statement of owner equity

3. Balance sheet

Explanation:

As we know that financial statements are very important for any type of business. But the sequence of the financial statements is more important.  

In the given question, the cash flow statement is prepared last but before that, we have to make three statements more

1. Income statement: This statement tells about the net income or net loss of the company

2. Statement of owner equity: It tell the ending balance of the owner equity which will show in the balance sheet

3. Balance sheet: At last, the balance sheet is prepared which includes assets, liabilities, and shareholder's equity.

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Suppose apples come in two quality​ levels, low quality and high quality. At a store in the​ apple-growing region, the price of​
dedylja [7]

Answer:

Yes.

Explanation:

Given that,

Price of​ low-quality apples = ​$1 per pound

Price of high-quality apples = $4 per pound

Marginal utility of low-quality apples = 3 utils

Marginal utility of high-quality apples = 12 utils

Equimarginal:

(Marginal utility of low quality apples ÷ Price per apple) = (Marginal utility of high quality apples ÷ Price per apples)

(3 utils ÷ $1) = (12 utils ÷ $4)

3 = 3

Yes, Timmy is maximizing his utility as his equimarginal utility is same for both the goods as shown above.

5 0
3 years ago
Charlie sells cookies only in packages of 10. It costs him $3.50 in materials per package. Additionally, he has overhead costs o
yaroslaw [1]

Let x represent the number of packages Charlie needs to sell to make a monthly income of $5, 000 
Since he sells cookies only in packages of 10 then he has to sell 10x to make that income. But Charlie has expenses that has to be deducted from his total sales to make that figure.  
So the total expenses is $1, 500 in overhead and an extra $3.50 per material per package. So the total expenses = 1500 + 3.50x 
If he has to make $5, 000 at the end of the month we have
 10x - (1500 + 3.50x) = 5000
 10x - 1500 - 3.50x = 5000
 6.50x = 5000 + 1500 = 6500
 Solving we find:
 x = 1, 000 packages


5 0
3 years ago
Lập bản kế hoạch ra mắt sản phẩm
Pavel [41]

Answer:

hope it's help you ok have a good day

6 0
3 years ago
Spirit airlines competes as an ultra-low-cost carrier (ulcc), and does so by "unbundling" extra services from its basic fare. as
MariettaO [177]
It should be on google 
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3 years ago
What is the term used to describe a temporary low supply of a good or service?.
Leviafan [203]

Answer:

That would be a shortage.

                   

3 0
2 years ago
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