1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldi70 [24.7K]
3 years ago
8

Your parents tell you that they must create a personal balance sheet. Explain what a personal balance sheet is and explain the t

hree steps they must use in its creation.
Business
1 answer:
Zinaida [17]3 years ago
3 0
A balance sheet is an essential way to evaluate for a business. 2. Calculate Assets

Assets, money, investments and products the business owns that can be converted into cash: These are what put companies in the financial positive. A thriving company should have assets that are greater than the sum of its liabilities; this creates value in the company’s equity or stock, and opens up opportunities for financing.

It’s important to list your assets by their liquidity—the facility by which they can be turned into cash—starting with cash itself and moving into long-term investments at the end of the list. For the purpose of an annual balance sheet, you can separate your list between “Current Assets,” anything that can be converted into cash within a year or less, and “Fixed Assets,” long-term possessions that can be sold or that retain value down the line, minus depths and other things. 

You might be interested in
Four students from your economics class are sitting in a local restaurant discussing the market for coffee. Below are quotes fro
Nastasia [14]

Answer:

D. Tasha: "If coffee drinkers expect the price of coffee to rise next month, then current demand will go up and lead to a price increase this month."

This is the only one with incorrect economic analysis

Explanation:

A. is correct because a shortage of supply would drop the price as we can see in the Graph 1 with the supply curve.

B. is correct because if the two goods are substitues then a lower price for caffeinated soft drinks like Mountain Dew would cause the consumer demand for coffe to go down because the consumers would prefer the good with lower price, rising the demand for Mountain dow in detriment of coffe.

C. is correct as we can see in the Graph 1, the increse in the demand would generate a higher price but it would make the demand go back to D1

D. is incorrect because if coffee drinkers consume more coffee this monht the price would lower.

8 0
3 years ago
When Jill was asked, she chose cars over stomach cancer as the cause of more U.S. deaths per year. When asked why she chose the
SOVA2 [1]

Answer:

C. availability.

Explanation:

The availability bias and misinterpretation is the result of increased frequency and omnipresence of information that does not reflect its importance or correctness.

Here, Jill is clouded by how much car deaths are propagated in the media, so she fails to realize the correct answer, despite the fact that stomach cancer could seem rational in her mind.

6 0
2 years ago
Kurt's entertainment has a receivables turnover rate of 14.8, a payables turnover rate of 10.4 and an inventory turnover rate of
ruslelena [56]

The firm’s operating cycle is equivalent to the sum of the total number of days of a cycle of the receivables turnover and the inventory turnover.

Receivables turnover = 365 days / 14.8 = 24.66 days

Inventory turnover = 365 days / 22.6 = 16.15 days

Operating cycle = 24.66 days + 16.15 days = 40.81 days

<span>Answer: 40.81 days</span>

3 0
3 years ago
The key factor distinguishing retailers from other members of the supply chain is that.
Airida [17]

The key factor distinguishing retailers from other members of the supply chain is that they sell to customers for their personal use.

<h3>What do you mean by customers?</h3>
  • A client is someone who purchases goods, services, products, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration.
  • This definition applies to sales, business, and economics.
  • Customers who frequently purchase from a business establish conventions that enable regular, sustained trade, which enables the business to create statistical models to improve production procedures (which alter the nature or form of goods or services) and supply chains (which changes the location or formalizes the changes of ownership or entitlement transactions).
<h3>What types of customers are there?</h3>
  • 5 different consumer types
  • New customers.
  • Impulsive buyers.
  • Angry customers.
  • Persistent customers.
  • Loyal customers.

Learn more about customers here:

brainly.com/question/13472502

#SPJ4

3 0
1 year ago
If a sign has a white background, it is most likely _____.
nexus9112 [7]

<u>Answer: </u>Safety instructions

<u>Explanation:</u>

Safety measures and instructions for safety everything has white back ground board. This increases the visibility of the board and has clarity for the viewers. These sign boards try to give information of things to be done to be safe.

Also the white background boards have letters in black that will increase the readability. These signboards can be seen in streets, highway, railways, airplanes etc. These signboards help to prevent unnecessary accidents and it is precautionary measure.

3 0
2 years ago
Other questions:
  • DeLong Corporation was organized on January 1, 2017. It is authorized to issue 10,000 shares of 8%, $100 par value preferred sto
    9·1 answer
  • Megan graduated from college three years ago and has been working at Sterba Inc. ever since. A conscientious employee, she has c
    13·1 answer
  • My dad always says, "time is money". question 20 options: irony pun idiom metaphor
    9·2 answers
  • Which situation is a drawback of e-commerce?
    9·2 answers
  • Slow Mo Consulting leased machinery from Red Inc. on January 1, 2018. The lease was recorded as an operating lease. The present
    12·1 answer
  • In a _____ distribution structure, an importer controls a fixed supply of goods and the marketing system develops around the phi
    6·1 answer
  • Which of the following statements are true? Period costs are expensed in the same period in which they are incurred. Period cost
    11·1 answer
  • Rates for having a manuscript typed at a certain typing service are $5 per page for the first time a page is typed and $3 per pa
    5·1 answer
  • The following data was identified by Raines Corp. in preparation of its bank reconciliation on October 31, 2017:
    13·1 answer
  • Please choose A, B, C, or D
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!