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guapka [62]
4 years ago
10

A common size analysis requires the representation of financial statement data relative to a single financial statement item (or

base account or value). What is the most commonly used base item for a common size balance sheet
Business
1 answer:
MArishka [77]4 years ago
7 0

Answer:

The correct answer is letter "C": Total assets.

Explanation:

Total assets represent the total amount of assets that an individual or entity possesses to obtain a return from them. In accounting, it is obtained by subtracting the previous period total assets minus the current period total assets. They appear in the Balance Sheet of a company and is the baseline or common base item to which other line items are expressed.

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How should a loss contingency that is reasonably possible and for which the amount can be reasonably estimated be reported
guajiro [1.7K]

Answer:

as a footnote in financial statements or on the balance sheet

Explanation:

A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.

Simply put, a loss contingency can be said to be loss of an entity that can be resolved later in future by the occurrence or not of an event.

When a loss can be reasonably estimated as seen from the question, it should be written as a footnote on a financial statement or on a balance sheet.

cheers.

5 0
3 years ago
Help! Which tasks commonly are performed in Management and Entrepreneurship jobs? Check all that apply.
quester [9]

Hello There! The Answer to this problem is: B, C, E, G

Explanation:

3 0
3 years ago
Read 2 more answers
Waterway Industries has a material price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound.
GrogVix [38]

Answer:

The appropriate solution will be "$1320".

Explanation:

The given values are:

Material's actual quantity

= $6600

Standard price

= $2.00

Actual price

= $2.20

Now,

The material price variance will be:

= Actual quantity (Standard price - Actual price)

On substituting the values, we get

= 6600(2.00-2.20)

= 6600\times (-0.20)  

= 1320 ($)

6 0
3 years ago
You need a 25-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at a 8.6 perc
geniusboy [140]

Answer:

the balloon payment after 300 months is $1,205,266.38

Explanation:

In order to pay the loan completely after 300 months, your monthly payment should be $1,948.75. Since you can only pay $800 per month, the loan's balance after 300 payments will be $1,205,266.38. This is irrational since you will end up owing 4 times the initial amount. You will never even be close to paying even the interest expense, so the principal increases every month.

I prepared an amortization schedule using an excel spreadsheet

Download pdf
6 0
3 years ago
________ consists of the factors that have an impact on the definition of the marketing research problem, including past informa
ICE Princess25 [194]

Answer: Environmental context of the problem

Explanation:

 The environmental context of the given problem basically consist of the various types of factors which have a huge impact on the marketing research related problems.

It basically helps in understanding the various types background related concepts about the industry and also about the client issue.

According to the given question, the marketing related issue basically include the forecast, past information and also the constraints of an organization by developing various types of technological skills in the firm.    

 Therefore, Environmental context of the problem is the correct answer.  

4 0
3 years ago
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