All categories

3 years ago

What is a balance sheet?

Business

2 answers:

Setler [38]3 years ago

8 0

It is a list of assets or it could detailing the balance of income of a business for a period of time.

solong [7]3 years ago

4 0

A balance sheet shows the assets, liabilities, and networth of a company at a point in time. Balance sheets are one of the tools used to evaluate the overall health of a company. They are often used with income statements.

You might be interested in

You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in t

Eddi Din [679]

Answer:

See below

Explanation:

Lots of debt

1a.

Debt equity ratio

Debt ratio = debt 1 / Asset 1

Debt ratio = $30.25 / $32.50

Debt ratio = 93.1$

Equity multiplier = Asset 1 / Equity 1

Equity multiplier = $32.50 / $2.25

Equity multiplier = 14.4 times

Debt to equity ratio = debt 1 / equity 1

Debt to equity ratio = $30.25 / $2.25

Debt to equity ratio = 13.4%

Lots of equity inc.

Debt equity ratio = debt 2 / asset 2

Debt equity ratio = $2.25 / $32.5

Debt to equity ratio = 6.9%

Equity multiplier = Asset 2 / Equity 2

Equity multiplier = $32.5 / $30.25

Equity multiplier = 1.1 times

Debt to equity ratio = Debt 2 / Equity 2

Debt to equity ratio = $2.25 / $30.25

Debt to equity ratio = 0.1 times

6 0

2 years ago

Platforms often store personal data subject to security clauses in data protection regulations such as GDPR or the Data Protecti

storchak [24]

Answer: by keeping regular backup of collected data in case of data loss.

Explanation:

Platforms often store personal data subject to security clauses in data protection regulations such as GDPR or the Data Protection Act.

It should be noted that when this type of sensitive data is hosted on a platform, an organization account for these considerations by keeping regular backup of the data collected. This is essential in a situation where there's data loss so that the day can be gotten from the backup.

7 0

2 years ago

Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code p

Alla [95]

Answer:

D. a and c

Explanation:

I hope it helps.

8 0

2 years ago

Ramsey Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 60,000 subsc

Alexxandr [17]

Answer:

The correct answer is B

Explanation:

The journal entry to record the sale of the subscription is as:

Cash A/c.............................................................Dr $600,000

To Unearned Subscription Revenue A/c..........Cr $600,000

As company made a sale of the subscription, so cash is received from sale therefore any increase in asset is debited. So, the cash account is debited. And the unearned subscription revenue is credited because cash is received against subscription sale.

8 0

3 years ago

Lakeside Inc. produces a product that currently sells for $64.80 per unit. Current production costs per unit include direct mate

iren [92.7K]

Answer:

a. Incremental costs = (Direct materials + Direct labor) * 20%

Incremental costs = ($26 + $28) * 20%

Incremental costs = $54 * 20%

Incremental costs = $10.8

Incremental selling price = $72 - $64.8 = $7.2

Incremental profit (loss) = Incremental selling price - Incremental costs = $7.2 - $10.8 = $(3.6)

b. No. As there is Incremental loss, it should not be processed further

5 0

2 years ago