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statuscvo [17]
4 years ago
13

What is a reason for keeping organized financial records

Business
2 answers:
Tanzania [10]4 years ago
7 0
Financial records are kept because 
- Bills
- Measuring financial status 
- filling taxes
Dmitriy789 [7]4 years ago
6 0
If you need to know were something is you well have the section for it
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Why is it important to research other jobs that require the same education and training?
otez555 [7]

               It is  important to research other jobs that require the same education and training  so that you will have options to work so that you wont half to do all the same education and the same training as the other person.

5 0
3 years ago
Which of the following statements about lump-sum taxes is correct A. A lump-sum tax means that tax revenues vary directly with G
Deffense [45]
D

Lump-sum taxes are described as regressive taxes, meaning that the more income one has, the less they pay in proportion of their income to tax. As a result, they all pay the same, which coincides with D.
3 0
3 years ago
How do you calculate net gdp
Svetlanka [38]

Answer:

you would calculated by total national income + sales taxes + depreciation + net foreign factor income total (just Google it)

5 0
4 years ago
A company has the following ratios:
Illusion [34]

Answer:

The company has current ratio almost half than the industry average. This is an indication that the company has lesser current assets than industry average. The ability of the company to meet its short term obligations is not suitable as the other companies in the industry are maintaining double current ratio. The ratio should never go below 1 as if it does the company may face its operational financing and working capital management issues.

The debt to equity ratio is significantly higher than the other companies of the same industry. The industry average is 4 whereas the company has ratio 20. This is significantly higher which indicates that there is heavy burden of debt on the company.  High debt/ equity ratio indicates high risks. Investors avoid investing in such companies which have high debt/ equity ratio.

Explanation:

The company can go for equity financing as it will also help reduce its debt / equity ratio. The company will become less riskier and financing will be divided in debt and equity. The debt burden on assets will be reduced. There can be reduction in certain debt covenants. The company can use equity financing to fund its operations as well as purchase of non current assets to increase production and ultimately profitability of the company could rise.

8 0
3 years ago
You are considering adding a microbrewery on to one of your firm's existing restaurants. This will entail an increase in invento
Contact [7]

Answer:

The change in net working capital resulting from the addition of the microbrewery is $5,500 (decrease)

Explanation:

There are 3 key elements of working capital. These are;

  • Inventory
  • Accounts payable
  • Accounts receivable

Given;

increase in inventory = $8,000

increase in Accounts payable = $2,500

Change in net working capital resulting from the addition of the microbrewery = -$8,000 + $2,500

= -$5,500

8 0
3 years ago
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