1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dmitriy555 [2]
3 years ago
7

Harold owns a chain of coffee shops. He hires accountants to summarize the information from his company's business transactions

into a financial statement. For what reason Harold would use a financial statement?
Business
1 answer:
anygoal [31]3 years ago
7 0

Answer: to aid in internal planning and control.

Explanation: A Financial statement can be defined as a formal record of all relevant financial information of a business, person, or other entity presented in a structured and standardized manner to allow easy understanding.

The financial statement will aid the business in drawing out business procedures and methods from information gotten such as cash flow, financial analysis etc.

You might be interested in
Discuss how new technologies make it easier to learn. how do they facilitate transfer of training?
svetoff [14.1K]

Utilizing a variety of learning media, from text and picture to video and audio, is another technique to aid in the transfer of learning to new situations. According to research, using text, visuals, and narrative might enhance learning transfer and keep your cognitive resources from getting overworked.

<h3>Definition of transfer:</h3>

Transfer is defined as moving or shifting from one person, location, or circumstance to another to cause anything to be passed from one to another convey modify, alter.

<h3>What is purpose of transfer?</h3>

Employees may be transferred to jobs where they will likely be more effective or experience higher levels of job satisfaction. No changes are made to the role, title, status, or pay during transfers. It is a process of the employee adjusting to the job, the time, and the location.

To know more about Transfer visit:

brainly.com/question/20114693

#SPJ4

3 0
1 year ago
Breakmorning Corporation produces a product that requires 2.6 pounds of materials per unit. The allowance for waste is 0.3 pound
Rasek [7]

Answer:

Total= $4.33

Explanation:

Giving the following information:

Breakmorning Corporation produces a product that requires 2.6 pounds of materials per unit. The allowance for waste is 0.3 pounds; the allowance for spoilage is 0.1 pounds. The purchase price is $4 per pound, but a 2% discount is always taken. Freight costs are $0.15 per pound and receiving and handling costs are $0.10 per pound.

Purchase price= 4*0.98= 3.92

Allowance for waste= (0.03*3.92)= 0.1176

Allowance for spoilage= (0.01*3.92)= 0.0392

Freight= 0.15

Receiving and handling= 0.10

Total= $4.33

4 0
3 years ago
A home store chain is prepared to buy 3,800 of your Frog &amp; Friends(TM) shower curtains per month for $5 each, but only 3,500
neonofarm [45]

Answer:

The linear demand function for Frog & Friends Shower curtains is q = -60p + 4,100

Explanation: $5 each ===> 3,800 curtains per month

$10 each ===> 3,500 curtains per month.

===> slope of the demand line is (3800-3500)/(5-10) = 300/-5 = -60

===> demand function is q = -60p + c for some constant c.

Let 3,800 = -60*5 + c.

=3800 = -300 + c

===> c = 4,100.

Therefore the linear demand function for frog & friends curtains is q = -60p + 4,100

5 0
3 years ago
A firm has the following cost and marginal cost​ functions: Upper C left parenthesis q right parenthesis equals 64 plus q square
velikii [3]

Answer: Minimum efficient​ scale is 8 units.

Explanation:

Given that,

Cost function: C(q) = 64 + q^{2}

Marginal cost function: MC = 2q

Average cost: AC = \frac{C(q)}{q}

                             = \frac{64 + q^{2}}{q}

                             = \frac{64}{q} + q

The minimum efficient scale is at a point where MC = AC

2q =  \frac{64}{q} + q

q^{2} = 64\\q = \sqrt{64} \\q = 8

Therefore, minimum efficient​ scale is 8 units.

8 0
3 years ago
A. The factor distribution of income describes the relationship between
ArbitrLikvidat [17]

Answer:

a. The factor distribution of income describes the relationship between

3. capital and total income

b. The factor market and factor prices

1. allocation of income.

Explanation:

In economics, income distribution is defined as how a nation's total GDP is distributed amongst its population. On the other-hand, The factor distribution of income is the division of total income among labor, land, and capital. <em>Factor prices, which are set in factor markets, helps in the  determination of the factor distribution of income.</em>

8 0
3 years ago
Other questions:
  • For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direc
    8·1 answer
  • " if the speaker used to consume 2000 calories a day, how much do they now consume? math problem
    12·1 answer
  • Mrs. Beld sold marketable securities with a $79,600 tax basis to her daughter for $60,000 cash. Two years later, the daughter so
    14·1 answer
  • Esther lugo has gone for an interview at an advertising firm in manhattan and has been asked to complete a self-report survey to
    11·1 answer
  • You want to have $60,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the a
    7·1 answer
  • Mobray Corp. is experiencing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16
    9·1 answer
  • In 2006 Hewlett-Packard repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Othe
    15·1 answer
  • Russell Container Corporation has a $1,000 par value bond outstanding with 30 years to maturity. The bond carries an annual inte
    15·1 answer
  • Gaggle Inc. decides to wrongly infringe on Chirp Chirp's patent and establish a similar "knock-off" product because Chirp Chirp
    5·1 answer
  • Information related to Harwick Co. is presented below.1. On April 5, purchased merchandise from Botham Company for $38,700, term
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!