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3 years ago

Classify each of the following financial statement items based upon the major balance sheet classifications.

Business

1 answer:

Naya [18.7K]3 years ago

7 0

Answer and Explanation:

The classification is as follows

a. Current assets

b. Property, Plant. and Equipment

c. Intangible Assets

d. Current Liabilities

e. Current Liabilities

f. Stockholders' Equity

g. Current Assets

h. Long-term Investments

i. Intangible Assets

j. long term Liabilities

k. Stockholders' Equity

l. Property, Plant. and Equipment

m. Current Liabilities

n. Current Assets

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elena55 [62]

Answer:

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3 years ago

The step in which a salesperson meets the customer for the first time is the __________ step of the creative selling process.

frosja888 [35]

The step in which a salesperson meets the customer for the first time is the <u>approach step</u> of the creative selling process.

<h3>Who is a saleperson?</h3>

A salesperson can be defined as the person whose sole reponsibilities is to market and sell a company product to potentials customers or buyers.

When a sales person meet a customer for the first time, the sales person need to first approach the customers before marketing a product to the customer.

Therefore the step in which a salesperson meets the customer for the first time is the <u>approach step.</u>

Learn more about salesperson here:brainly.com/question/25586322

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2 years ago

1.You should document your sources in all of the following situations except A. when using someone else's unique idea. B. when u

jeka94

2. A. Feasibility report

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3 years ago

Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $48,000. Assuming that the fixed monthly expense

Kryger [21]

Answer:

The best estimate of the company's net operating income in a month is <u>$34,800</u>.

Explanation:

This can be calculated using the following steps:

Step 1: Calculation of contribution margin

This can be calculated using the formula for calculating the contribution margin ratio as follows:

Contribution margin ratio = Contribution margin / Sales ........... (1)

where,

Substituting the values in the question into equation (1) and solve for contribution margin, we have:

60% = Contribution margin / $138,000

Contribution margin = 60% * $138,000 = $82,800

Step 2: Estimation of the company's net operating income in a month

This can be calculated using the following formula:

Net operating income = Contribution margin - Fixed expenses ......... (2)

Substituting the $82,800 obtained in Step 1 for contribution margin and the fixed monthly expenses of $48,000 in the question into equation (2), we have:

Net operating income = $82,800 - $48,000 = $34,800

Conclusion

From Step 2 above, the best estimate of the company's net operating income in a month is therfore <u>$34,800</u>.

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3 years ago

Suppose that the Bank of Oranges has excess reserves of $80,000,000 and checkable deposits of $500,000,000. If the bank has a re

Artyom0805 [142]

Answer:

Option (A) $130,000,000

Explanation:

Data provided in the question:

Excess reserves = $80,000,000

Checkable deposits = $500,000,000

Reserve requirement by the bank = 10%

Now,

The bank’s total amount of reserves will be

⇒ Reserve requirement × Checkable deposits

= 10% × $500,000,000

= 0.10 × $500,000,000

= $50,000,000

Hence,

the total amount of reserve = Required reserve + Excess reserves

= $80,000,000 + $50,000,000

= $130,000,000

Option (A) $130,000,000

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3 years ago