Answer:
The answer is: Income statement
Explanation:
As she wants to get information on sales and costs, the Income statement is the statement that she should looking for. With the Balance sheet statement, it only shows information on the financial position reporting the firm's assets, liabilities and owner's equity at a specific point in time rather than the sales and costs firgures during the reporting period.
Furthermore, she should opt for Income statement rather than the common-size income statement because the common-size income statement hardly illustrates any trend during the recent years/ reporting periods, instead, it is only shown each revenue and cost items as percentage of total sales in a specific period.
In the income statement, there should be enough information for the new CFO to find trends on revenues and costs (if any) because the revenue and cost items is detailed enough and at least it should be given the comparision between sales & costs of the reporting period versus the firgures of the previous reporting period.
Answer:
$784,000
Explanation:
For calculating budgeted sales for the upcoming week can be calculated as under:
Sale Budget (Units) = Hardcover Books sales units per day * 7 days
= 1,600 books per day * 7 days
= 11,200 Units
Now the sales units would be converted into Dollars:
Sales Budget ($) = 11,200 Units * $70 days = $784,000
Answer:
Hope it helps you!
Explanation:
Institute of Forestry.Institute of Engineering.Institute of Science and Technology.Council of Technical Education and Vocational Training.Patan Science Academy.Institute of Agriculture and Animal Sciences.
Answer:
$18,700
Explanation:
In this question, we applied the accounting equation which is presented below:
Total assets = Total liabilities + shareholder equity
where,
Total assets = Current assets + fixed assets
= $5,900 + $21,200
= $27,100
And, the Total liabilities is $8,400
So, the shareholders' equity would be
= $27,100 - $8,400
= $18,700