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3 years ago

The financial statement that provides a snapshot view of the financial condition of a business at a point in time is the:

Business

1 answer:

Scilla [17]3 years ago

4 0

Answer:

balance sheet

Explanation:

Balance sheet can be regarded as financial statement which gives reports of the liabilities, equity of shareholders as well as assets of the company at a specific point in time, It provides a basis that can be used in computing rates of return as well as evaluating its capital structure.

It should be noted that balance sheet is

financial statement that provides a snapshot view of the financial condition of a business at a point in time

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Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu

Anna71 [15]

Answer:

C.51.63%

Explanation:

Gross profit percentage = Gross profit/ Net sales ×100

Gross profit $700,400

Net sales $1,356,504

Hence ;

$700,400/$1,356,504 ×100

=51.63%

Therefore the gross profit percentage is

51.63%

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3 years ago

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sveta [45]

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2 years ago

The three types of major stressors in your life are:

Andrew [12]

Physical Trauma

Loud noise

Loss of a loved one

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3 years ago

After adjustments at March 31, 20Y2, the end of the first full year of operations, the revenues were $598,000 and expenses were

larisa86 [58]

Answer:

revenues 598,000 debit

income summary 598,000 credit

--- to close revenues accounts---

income summary 480,000 debit

expenses 480,000 credit

-- to close expenses accounts ---

income summary 70,000 debit

lang withdrawals 40,000 credit

capri withdrawals 30,000 credit

--- to close withdrawals account---

Explanation:

We will use income summary account to close the accounts:

as the revenues normal balance is credit to close it, we will debit it.

as expenses normal balance is debit to close it, we will credit it.

the withdrawals are done like:

withdrawals debit

cash credit

so their blaance is debit, to close it we will credit them

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3 years ago

Luca, the operations manager a company that produces ground coffee beans, wants to know the sequence of the production process i

bearhunter [10]

The use of Flow-chart will suit Luca's requirement to know the sequence of the production process.

Flowchart is a diagram that shows the separate steps of a process in sequential order.

This will help Luca to know the sequence of the production process and allow him to decide whether to combine or eliminate some process.

Therefore, the use of Flow-chart will suit Luca's requirement to know the sequence of the production process.