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Rasek [7]
3 years ago
13

Builder's Outlet just hired a new chief financial officer. To get a feel for the company, she wants to compare the firm's sales

and costs over the past three years to determine if any trends are present and also determine where the firm might need to make changes. Which one of the following statements will best suit her purposes?Income statementBalance sheetCommon-size income statementCommon-size balance sheetStatement of cash flows
Business
1 answer:
Shkiper50 [21]3 years ago
8 0

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.  

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Answer:

"Silence is golden" teaches that it is not everytime that somebody must say something.  At times, it is better to keep quiet and listen to others and the environment instead of talking meaninglessly.

At the workplace, it is better to apply this "silence is golden" rule instead of asking or making unrelated questions or comments.  Relevance is important in communication.  Off-handed revelations can be offsetting and can damage one's character, if left unchecked.  If you want to ask a question in any situation, please ensure that the question is related to the topic under discussion.  If you want to make a comment during departmental meetings, first make the comment in your head and evaluate its relevance to the subject being discussed.  After your evaluation, you may discover it was not necessary to ask the question or make the comment, then withdraw it.  Do not fall into the habit of asking irrelevant questions or making unnecessary comments because you want your voice to be heard.  We learn more from listening to others than from talking.

Another instance were "silence is golden" is when you are under emotions.  Hold yourself in check at such moments and do not allow yourself to ask questions or make comments that will hurt the feelings of those around you.  Some people are sentimental and will not appreciate nor excuse such remarks.  Hold your tongue.  Cry if you must, but do not voice out your emotions without control.  People do not easily forget such remarks even though they realize that you were emotionally charged.  Let your peace reign in your heart.

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A workplace is not the most appropriate place to voice out some thoughts.  You must recognize your purpose of being there in the first instance: to work and earn a living.  So, simply do that.  Do not be known as a talkative.

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