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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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Vertis Corporation is interested in cutting the amount of time between when a customer places an order and when the order is com
morpeh [17]

Answer:

12

Explanation:

Computation for throughput time

Using this formula

Throughput time = Process time + Inspection time + Move time + Queue time

Let plug in the formula

Throughput time=5+0.6+0.4+6

Throughput time=12

Therefore the Throughput time will be 12

3 0
3 years ago
Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. Th
netineya [11]

Answer:

A) 100

Explanation:

total sales 3,600 units

cost per unit $200

cost of placing order $40

holding cost $20 per year

working days 360 per year

lead time 5 days

If Mark orders 200 units each time, his average inventory ?

daily sales = total sales / working days = 3,600 / 360 = 10 units per day

number of orders per year = 3,600 / 200 = 18

Mark places one order every = 360 days / 18 orders = 20 days

average inventory = (200 units / 20 days) x 10 days = 100

I assume that mark has some type of safety stock that allows him to hold enough inventory to cover for the 5 day lead time.

8 0
3 years ago
Although not required by regulation, which of the following actions does FDA guidance recommend for clinical use of a HUD outsid
SSSSS [86.1K]

Answer:

B

Explanation:

Obtain informed consent from the patient and ensure that reasonable patient protection measures are followed.

3 0
2 years ago
In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at: A) $108,000. B) $90,000
Tanya [424]

Answer:

Answer: b

Explanation:

NRV=$120,000 – ($120,000 x 10%) = $108,000$90,000cost is less than net realizable value of $108,000 cost

5 0
3 years ago
Higher debt utilization ratios will always increase a firm's return on equity given a positive return on assets.
Nikitich [7]

Answer:

A. True

Explanation:

The debt utilization ratios is used to determine the comprehensive picture for the long term financial health of the company or the solvency of the company.

The debt ratio is defined as the financial ratio which shows the percentage of the assets of an organization which are provided through a debt. When the ratio is higher, the risk involved with the operation of the firm is more.

Thus, for a high debt utilization ratio, it will always increase the return of the organization on the equity for a positive return on the assets of the organization.

Thus, the answer is TRUE.

6 0
3 years ago
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