Match each important word with the phrase that best defines it.

Natalia has just finished her law degree, but as she starts her job search, she realizes that there many lawyers practicing in h

Len [333]

That means that she is going to have to work harder to be the best lawyer in the area, or move to an area with fewer lawyers

5 0

2 years ago

according to sfac 5, the four criteria that must be met for an item to be recognized in the basic financial statements are

Ilia_Sergeevich [38]

These are the 4 main criteria that must be met for an item to be recognized in the basic financial statements according to sfac 5.

Relevance
Measurability
Definition
Reliability

<h3>What is meant by financial analysis?</h3>

Financial analysis is the process of examining a company's various finances in order to assess its financial stability and future prospects. Financial analysis assists business owners in determining any necessary courses of action to remain afloat, make a profit or avoid bankruptcy. It also assists investors in deciding whether to invest in your company. During this process, a company's financial statements, such as its income statement and balance sheet, are examined.

1. Vertical

Vertical financial analysis examines the relationship between various items on a financial statement. During one accounting period, for example, one item is measured against another item that is considered the base, and the relationship is expressed as a percentage. Despite the fact that it only accounts for one time period, it can assist you in recognizing changes over time and comparing various entities.

2. Horizontal

Horizontal analysis is the examination of how financial statement figures change over time. To put it another way, it compares one item to another from a different time period. As a result, it can aid in the analysis of a company's finances from one year to the next.

3. Availability of liquidity

Ratios are used in liquidity analysis to determine whether or not a company will be able to repay any debts or other expenses. This type of analysis is useful because if a company is unable to pay off its liabilities, it will face financial difficulties in the near future. Liquidity analysis is especially useful for lenders or creditors who want to know about your financial situation before extending you a loan or credit. In a liquidity analysis, various ratios such as the cash ratio and current ratio are used.

Thus the financial analysis is of different types and can be used according to the need.

For more information on financial analysis, refer to the given link:

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8 0

11 months ago

daily enterprises is purchasing a $10 million machine. it will cost $50,000 to transport and install the machine. the machine ha

kupik [55]

The machine's annual depreciation costs are calculated by dividing the machine's purchase price by its installation cost over a 5-year period:Depreciation costs equal (10,700,000 + 56,000) / Number of Years divided by five, or $2,151,200.

The value of a fixed asset less the total accumulated depreciation that has been recorded against it is its depreciated cost. The total amount of capital that is "used up" in a certain time frame, such as a fiscal year, is referred to as the depreciated cost in a broader economic sense. The accuracy with which depreciation is calculated allows one to assess patterns in a company's capital expenditures and how aggressive its accounting practices are. The terms "salvage value," "net book value," and "adjusted cost base" are all synonyms for "depreciated cost." Businesses and private individuals can calculate an asset's useful worth using the depreciated cost technique of asset appraisal.

learn more about depreciation costs here:

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7 0

10 months ago

FREEEEEEEEEEEEEE brainliest!!

Ksju [112]

Answer:

how does brainliest work?

4 0

1 year ago

What is the United Nations Convention on Contracts for the International Sale of Goods rule with regard to cure?It requires that

Setler [38]

Answer:

D. It allows an absolute right and obligation for a seller to cure, and the buyer must allow the seller to cure even if the time for performance is past due.

Explanation:

The United Nations Convention on Contracts for the International Sale of Goods rule with regard to cure allows an absolute right and obligation for a seller to cure, and the buyer must allow the seller to cure even if the time for performance is past due.

6 0

2 years ago