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Butoxors [25]
3 years ago
6

31. Why is a profit and loss statement useful for a business? (1 point)

Business
2 answers:
Gnoma [55]3 years ago
5 0

<u>Answer:</u>

Option( D)

It consolidates essential information about the business.

<u>Explanation:</u>

The Profit & Loss account describes different business activities such as expenses and revenues of the business, particularly useful in finding out the risk of not achieving the required one and planned the level of income in the future.

It also gives us information required to find out tax obligations.Hence, profit and as well as loss statement is useful for a business by providing various important information about the business

rewona [7]3 years ago
4 0

Answer:

D It consolidates essential information about the business.

Explanation:

The Profit and Loss statement, commonly known as PyL is the statement that consolidates the operation in each period. In general, it is useful to determine: the revenues, the operating profit, The EBITDA (Earnings Before Interests and Taxes plus Amortization and Depreciation), the Profit before taxes and the net profit.

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Mackenzie is responsible for buying a week's supply of food and medication for the puppies and kittens at a local shelter. the f
Ira Lisetskai [31]
The budget is $4,240.

There are 164 kittens and 24 puppies.
Let
x = amount spent on each kitten
y =  amount spent on each puppy.

The cost for each puppy is twice a much as that for a kitten. Therefore
y = 2x                  (1)

The available amount is $4,240, therefore
164x + 24y = 4240          (2)

Substitute (1) into (2).
164x + 24(2x) = 4240
212x = 4240
x = $20
y = 2x = $40

Answer: $40 for each puppy.

7 0
3 years ago
Suppose an economy’s national accounts are GNP = 100, C = 70, I = 40, G = 20 and EX = 20 where GNP is gross national product, C
Marysya12 [62]

Answer:

Imports is 50.

Current account balance is -30.

Total savings is 30.

After tax reduction total savings is 10.

Explanation:

GNP is given as  100.

The consumption expenditure is 70.

The investment expenditure is 40.

The government spending is 20.

The exports are given as 20.

GNP = C + I + G + EX - IM

100 = 70 + 40 + 20 + 20 - IM

100 = 150 - IM

IM = 50

The current account balance is the difference between exports and imports.

Current account balance

= EX - IM

= 20 - 50

= -30

Total savings in the economy is the difference between disposable income and consumption.

Total savings

= Y - C

= 100 - 70

= 30

In case government reduces taxes, the private saving will increase while the public saving will decrease.

Private saving

= Y - T - C

= 100 - 10 - 70

=20

Public saving

= T - G

= 10-20

= -10

Total saving

= Private saving + Public saving

= 20 + (-10)

= 20 - 10

= 10

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3 years ago
The teenage market is a market that is categorized in what way?
grin007 [14]
The closest answer that i can think of is categorized by consumer. By consumer, we are saying that you have to categorize them based on what they like meaning based on what they like at their age. For example, if you are going to market a pizza store to them, one of the best ways to do that is to position your pizza store as a place for friends to hang out because teenagers, at that age, love to hang out with friends and to be cool. So you have to categorize a teenage market by their interests when they are at that certain adolescent age
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3 years ago
Why i s visionary management important
tatuchka [14]
So u kan axtualy see and grasp whats going on and what u doing
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3 years ago
Read 2 more answers
Question 2 of 8
sveta [45]

Answer:

This type of income is known as non-operating income in the financial statements

Explanation:

Non-operating income, as the world implies, is the income that a firm earns from activities that are not related to its main economic activity. An example would be a mall, whose main activity is the rental and management of commercial real estate, earning some income from short-term investments in the secondary market. This interest would be reported as non-operating income, and would be treated as such for financial, accounting, and tax purposes.

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