Answer:
The financial statement provides the "raw materials" with which the financial performance of an organisation may be analysed.
The financials ratios not only monitor financial performance, but it also speaks to the quality of performance and serves as a basis to compare one period against the other.
The cashflows help to create a picture of the project's liquidity in each of the forecasted periods.
The Income statement helps to gauge the quality of the earnings per period and the balance sheet shows the economic position of the firm at the time under observation.
Cheers!
Answer: Jake's job relates to management
Explanation:
Management encompasses many things, which includes over seeing of the day to day activities of the business as it concerns the relevant objectives of the business as a whole
Answer: $322 241
Explanation: Retained earnings is the capital that is left over after total dividends has been deducted and paid out. It is calculated as follows:
Retained earnings = retained earnings at the beginning of the year + net profits made during the current year - dividends paid out.
∴ Retained earnings = $318, 423 (opening Retained earnings)+ $11,318 (net profits / income) - $7,500 (dividends)
=$322,241
The $25,000 new stock issued generated income to the business, but this does not fall in the retained earnings line item. Rather it falls under the Ordinary Share Capital line item, which includes all the company's issued share capital.
Answer:
Correct option is (c)
Explanation:
An accountant will record only those cost in the financial statements that have incurred on account of carrying out the business.
In this case, option (a) and (b) are opportunity cost of carrying out shoe shine business. These are the income that John could have earned if he did not start shoe-shine business.
Cost of shoe polish is an operating expense incurred to run his shoe-shine business. So this cost will be included by the accountant in the financial statements.
Answer:
Option A
Explanation:
Complete Question
A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12
percent decreases in the enrollment. If the university wants to increase its total revenue, it should ________
tuition because the demand for education at this university is ________.
A) not raise; elastic B) raise; inelastic C) not raise; inelastic D) raise; elastic
Solution -
The demand for college in the market is elastic which means that variation in variables such as college fees deeply impact the demand. If college fees is increased, the intakes or enrollment will fall down which means that the demand is not stable or on the basis of quality. Therefore, the demand for the college will not rise on fees hike and it shall be an elastic demand.
