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3 years ago

A financial statement showing the revenue and expenses for a fiscal period. True or False

Business

1 answer:

Dima020 [189]3 years ago

4 0

Answer:

A financial statement showing the revenue and expenses for a fiscal period. True

Explanation:

A financial statement showing the revenue and expenses for a fiscal period. True because income statement is a financial statement and shows the expenses and income ( revenue) during a fiscal period.

A fiscal period is the time period reflected in a financial statement. It is usually a quarter or an accounting period.

There are four main kinds of financial statements. Income statement is one of the financial statement which tells about the expenses and revenues

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An express warranty is created when a seller: makes an affirmation of fact or promise concerning the goods that becomes part of

laiz [17]

Question:

An express warranty is created when a seller:

A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.

B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.

C) sells goods meant for use for ordinary purposes.

D) avoids using a sample or model as the basis for the contract.

Answer:

The correct choice is A)

An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.

Explanation:

For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an express warranty might entitle the consumer to a refund or replacement.

This warranty usually is stated upfront prior to or during the execution of the sales transaction.

Cheers!

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3 years ago

Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including exp

Anika [276]

Answer:

Operating activities

Explanation:

The operating activities deal with the purchase and sale of merchandise to the customers plus it also involves the expenditure incurred for day to day operations like - wages and salaries expenses, administrative expenses, selling and other general expenses

By performing day to day activities, the company is enabled to generate the revenues through which the company could accomplish its goals and objectives.

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3 years ago

A risk is something that causes the possibility of a loss.

Stells [14]

This is a true statment

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3 years ago

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A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has

nadya68 [22]

Answer:

a. linear regression.

Explanation:

Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.

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3 years ago

Step2247 [10]

During the Decision to adopt stage the customer decides whether or not to try the product.

Explanation:

Diffusion of Innovation (DOI) Theory,was framed by E.M Roger in the year 1962.

Diffusion of Innovation (DOI) Theory,is one of the most oldest theories of social science.

This theory explains that how a new idea,product or behavior is first introduced and then how it diffuses ,and becomes a part of the social system as a whole

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3 years ago