______ says that the quantity demanded of a good folls when the price of 1 point the good rises.

In addition to the three basic financial statements, which of the following is also a required financial statement? O Statement

Vikki [24]

Answer:

Statement of Cash Flows.

Explanation:

The financial statement comprises of income statement, balance sheet, statement of stockholder equity and the statement of cash flows. It is explained below

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + stockholder equity

The debit and credit side of the balance sheet should always be equal and balanced.

Moreover, it always is prepared on the specified date.

The statement of stockholder's equity comprises common stock and retained earnings.

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issued shares

There are three types of activities in the cash flow statement which are described below:

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the loss on sale of assets is added whereas the gain on sale of assets is deducted

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

6 0

3 years ago

Classify the following items as issuance of stock, dividends, revenues, or expenses. Then indicate whether each item increases o

Alborosie

Answer:

1. Dividends = It will be classified as dividends.

2. Rent Revenue = It will be classified as revenues.

3. Advertising Expense = It will be classified as an expense.

4. Stock holders pay cash into business = It will be classified as Issuance of stock.

Dividends are the share of revenue distributed to stockholders.

Revenues are income earned by the company.

Expense are the outflow of cash or bank payments for running the business.

Issuance of stock refers to collection of money by the company through issuing equity or preference shares.

4 0

3 years ago

GenBrands, a foreign maker of washing machine tubs and pumps, sells its parts to several washing machine manufacturers in the Un

Leya [2.2K]

This is called private branding (or private labeling)

For better understanding, we have to understand what the term private branding (or private labeling) means

Private branding (or private labeling) is simply known as when a company produces a particular product and thereafter sells the product to a retailer who later on resells it after registering or branding it under its own name.

An example is when Povlix watch maker make watches for Pinnacle to sell as its Nacles watch.

A brand is often regarded as the name,design etc that set apart an organization or product from other companies (mostly its rivals) in the eyes of the customer.

From the above, we can therefore say that the answer that this is called private branding (or private labeling) is correct

Learn more about private branding (or private labeling) from:

brainly.com/question/17372249

6 0

3 years ago

Consumers are particularly price-responsive when:a. it is difficult to substitute across suppliers and prices are high. b. they

s344n2d4d5 [400]

Answer:

The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.

Explanation:

To begin with, the concept known as ''price-responsive'' in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.

8 0

3 years ago

Suppose that you prefer reading a book you already own to watching tv and that you prefer watching tv to listening to music. if

WINSTONCH [101]

The opportunity cost of reading is watching TV.

Opportunity cost alludes to an advantage that a person could have gotten, yet offered up, to make another course of move. Expressed in an unexpected way, an opportunity cost that shows an alternative given up when a choice is made. This cost is, accordingly, most significant for two totally unrelated occasions.

8 0

3 years ago