1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesnalui [34]
3 years ago
9

Profit is only a liability for the business. Can you justify this?​

Business
1 answer:
lara31 [8.8K]3 years ago
3 0

Answer:

A growing company may not be earning any profits yet, but may nevertheless provide a great investment opportunity.

Other times, a lack of profitability can be a huge red flag that something is wrong with the firm.

Explanation:

You might be interested in
An accountant has encountered a perplexing financial reporting issue related to the private college for which he is preparing fi
frez [133]

Answer:

c) AICPA accounting and auditing guide, Audits of Colleges and Universities and/or AICPA SOP 74-8, Financial Accounting and Financial Reporting by Colleges and Universities.

Explanation:

As accounting and auditing guide which is issued by AICPA for health care 3 gives full guidance on how to deal with financial reporting issues for the hospital so the accountant would look into it for any problem related to it.

8 0
3 years ago
"i don't like to call it killing; i prefer to call it ‘enemy processing'" is an example of
klio [65]
Is this a question or what is this.
7 0
3 years ago
Question 15 Multiple Choice Worth 5 points)
Fiesta28 [93]
Answer:

She filled for bankruptcy last year.
7 0
3 years ago
In a market, buyers want to pay the _____ possible price and sellers want to charge the _____ possible price.
nikklg [1K]

Answer:

Lower; Higher

Explanation:

Lower; Higher

A consumer always wants to pay a lower price for the commodity in order to increase the consumer surplus. While the producer can increase their profit by charging higher prices. Therefore, the producer will try to charge a higher possible price.

8 0
2 years ago
Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1)
Verizon [17]

Answer:

$11,000

Explanation:

Data provided as per the requirement of net income for year 1 is here below:-

Provided consulting services = $50,000

Paid rent expense = $12,000

Paid employees salaries = $27,000

The computation of net income for Year 1 is shown below:-

Net income for Year 1 = Service revenue - Rent expense - Salary expenses

= $50,000 - $12,000 - $27,000

= $11,000

Therefore for computing the Net income for Year 1 we simply applied the above formula.

8 0
3 years ago
Other questions:
  • Explain what lower of cost or market means in regards to reporting merchandise inventory on the balance sheet.
    11·1 answer
  • 6. Describe at least 5 skills or characteristics you could develop while working for someone else
    10·1 answer
  • You work as a cashier for a bookstore and earn $6 per hour. you also baby sit and earn $6 per hour. you want to earn at least $6
    10·1 answer
  • When a company is using double-entry accounting, what elements of a given ledger must be equal?
    7·1 answer
  • Sammy and Monica, both age 67, incur and pay medical expenses in excess of insurance reimbursements during the year as follows:
    10·1 answer
  • Which of the statements below is FALSE?
    15·1 answer
  • Ashland Corporation estimates its manufacturing overhead costs to be $360,000 and its direct labor costs to be $400,000 for 2020
    15·1 answer
  • "A consumer buys a printer for her computer and receives a money-back offer. All she has to do is fill out a form and mail it to
    10·1 answer
  • If the government and Central Bank don't use economic policy, what could happen?
    7·1 answer
  • Jamie, a salesperson, is discussing her goals with her coworker. She mentions that she has set an account goal of $30,000. In or
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!