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elena-14-01-66 [18.8K]
3 years ago
11

The Balance Sheet, the Statement of Cash Flows, and the ______________ are three key financial statements prepared by accountant

s.
Business
1 answer:
zaharov [31]3 years ago
3 0

Answer:

The income statement

Explanation:

The income statement is the document prepared accountants showing the earning of a company at the end of a financial year.  The income statement is the profit and loss statement. It tells the business owners and other stakeholders how much profits the business has made.  The income statement communicates vital information regarding business performance, such as total revenues, gross profits, and net expenses.

The income statement does not give all the business the information. Accountants will also prepare the balance sheet.  A balance sheet shows the assets and liabilities of the business.

A cash flow statement is also prepared. It shows how much cash is available to pay bills, salaries, and debts.

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reactions to organizational change by lower level employees that interfere with change implementation processes are called
Tanzania [10]

Reactions to organizational change by lower-level employees that interfere with change implementation processes are called resistance.

A worker is an employee that plays precise obligations for a commercial enterprise in alternative for normal pay. employees negotiate a salary with their organization and typically receive advantages, inclusive of additional time pay and holiday.

A worker is someone who receives paid to paintings for someone or organization. people do not need to work full time to be taken into consideration personnel—they truely need to be paid to paintings by using an organisation (the man or woman or business that can pay them).

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8 0
1 year ago
Marginal cost is ________ the average variable cost and the average total cost when they are ________
fredd [130]

Answer: equal to; at their minimum.

Explanation: Marginal cost is equal to the average variable cost and the average total cost when they are at their minimum.

Thus, when average total cost is increasing, marginal cost must be above average total cost; and when at its minimum, marginal cost is equal to average total cost. Also, when average variable cost is at its minimum, marginal cost equals average variable cost.

Marginal cost is the increase in the cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.

8 0
3 years ago
At the beginning of Year 1, a company reported a balance in common stock of $169,000 and a balance in retained earnings of $69,0
elixir [45]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

7 0
3 years ago
Anna is a team leader at Shine Design Inc Gavin is her least preferred employee because he makes silly mistakes in his reports.
hammer [34]

Answer: (A) Relationship-oriented

Explanation:

 The relationship-oriented is one of the type of leadership style whose aim is to focus on motivating other people and also provide the satisfactory solution to the different types of team members by establishing an emotional and a meaningful relationship.  

According to the given scenario, Anna has a relationship oriented as Anna is the team leader and he also believed that the he can provide a valuable resource to an organization because of hardworking and the sincere nature towards the work.      

 Therefore, Option (A) is correct answer.

7 0
4 years ago
Outdoor Amenities is a manufacturer of backyard and deck furniture. Its products are in high demand, and it carries no inventory
GalinKa [24]

Answer:

COGS = $156800 ; Opereating Expenses = $223500 ; Gross Profit =      $125300

Explanation:

COGS is direct manufacturing/ production expenses on goods produced. Operating Expenses includes all expenses (direct manufacturing & indirect sale expenses). Gross Profit is the excess of Net Sales over COGS

Cost of Goods Sold = Opening Stock + Net Purchases + Direct Expenses - Closing Stock

= 0+ [Wood purchases +Account Payable (credit purchase)] + [stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + 0

=  57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800

= 156800  

Gross Profit = Net Sales - COGS

= [Sales Revenue + Accounts Receivables] - COGS

= 255000 + 27100 - 156800

= 125300

Opereating Expenses = Direct Expenses + Indirect Expenses

= [Wood purchases +Account Payable (credit purchase)+ stain + labour costs (mantainence and carpenters) + factory utility costs+ manfacturing overhead] + [Staff Salaries & Wages + Administrative Rent & Utilities + Marketing Costs]

=  57800 +7100 + 12700 + 21300 + 36900 + 11200 + 9800 + 37400 + 12000 + 17300

= 223500

{COGS is direct manufacturing/ production expenses on goods produced} {Opereating Expenses includes all expenses (direct manufacturing & indirect sale expenses)}

{Gross Profit is the excess of Net Sales over COGS

5 0
3 years ago
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