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3 years ago

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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Identify the main source areas and explain two key push factors associated with the early twentieth-century peaks. Discuss how c

VikaD [51]

Explanation:

Southern and Eastern Europe became the major spring regions. Some of the big driving forces is the World War I, primarily in Europe, which enabled immigrants to join the United States. The economic conditions were another significant consideration as the prospects for jobs in the war declined.

As reported, when migrants went to the USA, there were many possibilities for jobs. The American automotive industry celebrated of the first World War. War-time goods have been pursued, and America has become one of Britain's major food producers, and has provided refugees a wide range of jobs.

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3 years ago

has an investment worth $56,000. The investment will make a special, extra payment of X to XYZ in 2 years from today. The invest

tia_tia [17]

Answer:

The payment X that will be made two years from now is approx $17940.

Explanation:

The present value of the investment is $56000. To calculate the value of X, we first need to calculate the present value of the fixed annual payments made to XYZ.

The fixed annual payments made to XYZ is an annuity as the payments is fixed, is paid out after equal intervals of time and for a limited time period.

To calculate the present value of annuity, we will use the attached formula.

PV of annuity = 12000 * [(1 - (1+0.132)^-5) / 0.132]

PV of annuity = $42001.62278 rounded off to $42001.62 or we can round it off to be approx $42000

If the present value of fixed payments is $42000, the present value of X should be,

Present value of X = 56000 - 42000 = $14000

To calculate the value of X that will be paid in 2 years, we will calculate the future value of $14000 after 2 years. The formula for future value is as follows,

FV = PV * (1+r)^t

Where,

r is the rate of return
t is the time periods

FV of X= 14000 * (1+0.132)^2

FV of X = $17939.936 rounded off to approx $17940

So, the payment X that will be made two years from now is approx $17940.

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3 years ago

Which of the following statements about today's job market is accurate? a. Today the emphasis is on what the applicant wants. b.

Nataly [62]

Answer:

C. Employers are most interested in how a candidate will add value to the hiring organization.

Explanation:

Most Organizations are keen on knowing what value you are bringing to the company, there is no real consideration of the applicants dreams or career goals. As time goes by, it becomes really difficult to secure positions without reasonable years of experience because that way, the recruiting organization is in the know of your capability and how you contribute to their existing goals. Sadly, this is what applicants face in the world today so most newly graduates have to go on internships so as to widen their scope of real job tasks which also increases their chances of getting recruited.

7 0

3 years ago

Although not a goal of the unemployment insurance system, one effect is that the system reduces _________.

serious [3.7K]

Answer:

a. the rate of job finding.

Explanation:

The unemployment insurance system is a program managed by the federal and state governments to provide unemployment benefits to individuals who are unemployed and meet certain eligibility criteria.

Although not a goal of the unemployment insurance system, one effect is that the system reduces the rate of job finding.

However, the main goal of the unemployment insurance system is to reduce workers' uncertainty about their incomes.

7 0

3 years ago

The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level det

Mademuasel [1]

Answer:

The answer is avg cost curve

Explanation:

The long-term result of entry and exit in a perfectly competitive market is that all firms end up selling at the price level determined by the lowest point on the avg cost curve

7 0

3 years ago