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Andreyy89
3 years ago
5

The statement of owner's equity: Multiple Choice

Business
1 answer:
QveST [7]3 years ago
5 0

Answer:

E. Reports how equity changes over a period of time.

Explanation:

Statement of owner's equity as the name suggests is the statement which describes the changes in owner's equity, as it is obvious that the change cannot occur at a point of time, it will occur over a period of time.

And therefore, the statement is prepared over a period generally for a fiscal year, or a financial year.

There is no statement prepared to show any change in owner's equity at a point.

Statement reporting cash flows is called cash flow statement.

Therefore, correct option is:

Statement E

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Answer: Is useful to managers in planning and decision making.

Explanation:

The Contribution approach to the income statement helps the company understand better the behaviour of it's variable and fixed assets because the Contribution Margin approach first subtracts variable costs from revenue and then subtracts fixed costs.

This allows the company to know which of the costs are more taxing on the company thereby enabling the company to know which to work on. It is therefore useful to managers in planning and decision making.

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3 years ago
Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste
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Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet  the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

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3 years ago
Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no
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Answer:

The answer is: B) Time utility

Explanation:

Time utility refers to the business practice of making products or services available during the times that they are most convenient or desirable for customers.

For example, stores are decorated differently for Halloween than for Christmas, and the products they sell are also different.

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Why do many companies find that providing employees a comprehensive benefits package that includes insurance, retirement investm
mash [69]

Answer: Few employers believe that offering employee benefits is a worthwhile or cost-effective strategy for attracting and retaining the best employees

Explanation:

Several companies find that providing theye workers a comprehensive benefits package which consist ofinsurance, retirement investment and other benefits is worth the cost associated because it helps them retain and also attract their best staffs.

When employees are given the required support needed and given work related benefits, this is usually source of motivation to the employees and can help bring out the best in them.

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