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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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What is the best advice for negotiating a business deal in a cross-cultural setting? avoid a win/win outcome. conduct transactio
DerKrebs [107]

In this case, you would want to avoid a win-lose situation.

1. You would want a win-win (where both parties feel as though they are gaining something from the transaction).

2. You can never go into an international negotiation with the same mentality as you would for in the US. Every culture is different and you should be aware of those differences.

3. You should not move too quickly between subjects. You should always ensure all parties understand and agree, which may take time.

7 0
3 years ago
In the Excel, or spreadsheet, approach to recording financial transactions, if manufacturing overhead is underapplied by X dolla
Tatiana [17]

Answer:

False.

Explanation:

To close the underapplied Manufacturing Overhead account requires that the Cost of Goods Sold is debited, say with $100 while the Manufacturing Overhead account is credited with the same amount.  Underapplied Manufacturing Overhead account means that a debit balance is left after applying the overhead to production.  To close this debit, therefore, a credit entry is required to the manufacturing overhead account.  The corresponding debit entry goes to the Cost of Goods Sold, or this may be apportioned among Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process, as may be the case.

5 0
3 years ago
Is ben afflecks wife the jennifer garner who does the capital one commercials?
kotegsom [21]
Yes she is !!!!!!!!!!!!!
5 0
3 years ago
Sardi Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company uses 14,200
IceJOKER [234]

Answer:

Total cost $24.44

Explanation:

Sardi Inc.

Make

Direct materials$10.00

Direct labor7.00

Variable manufacturing overhead 2.80

Fixed manufacturing overhead (30% × $4.80 is avoidable)1.44

Opportunity cost ($6.40 per unit ÷ 2 minutes per unit) × 1 minutes3.20

Total cost $24.44

Therefore the cost of making the component should be compared to the price of buying the component at $24.44

3 0
3 years ago
With relevant example of your choice, explain the important framework for managing operations used by production firm
Wewaii [24]

Answer:

An operational framework can referred to as the guide for the policies, standards, objectives, training, processes of any organization.

The means in which the business is carried out is determined by the operational framework and it promoted the culture and identity. this may also involve good governance principles and develop the values and departments within the organization. several elements are contained in a different framework.

An example is that manufacturing framework will include the choice of layouts from the different type of layout. Batch processing continuous production, and so on can be decided. the department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

Explanation:

Solution

An operational framework refers to the guide for the policies, standards, objectives, training, processes of any organization.

The way in which the business is executed is decided by the operational framework and it promoted the culture and identity. this may also integrate good governance principles and develop the values and departments within the organization. several elements are included in a different framework.

Production framework :The manufacturing organizations can adjust to the different kinds of procedures, policies, and activities in the manufacturing department.

This will involve the process of selecting the actual layout, processes to produce the products, quality management methods, and further more. This is necessary as it will have a long-lasting impact on the general future and profitability of the organization.

An example is for this is that the manufacturing framework will involve the selection of layouts from the different kind of layout. Batch processing continuous production, and so on can be decided.

The department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

7 0
3 years ago
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