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True [87]
3 years ago
11

What is profit and loss account​

Business
2 answers:
Leni [432]3 years ago
8 0

Answer:

Explanation:

Profit and loss is not an account. It is calculated by taking the difference between the revenues minus the expenses of a business. If there are more revenues than expenses, the difference is positive or a Profit. If there are more expenses than revenues, the difference is a negative or a Loss.

vitfil [10]3 years ago
5 0

La cuenta de pérdidas y ganancias (P&G) es un estado financiero que resume los ingresos, los costos y los gastos incurridos durante un período específico, generalmente un trimestre o año fiscal. La cuenta de pérdidas y ganancias es sinónimo de la cuenta de resultados. Estos registros proporcionan información sobre la capacidad o incapacidad de una empresa para generar beneficios mediante el aumento de los ingresos, la reducción de los costos o ambos. Algunos se refieren al estado de ganancias y pérdidas como un estado de ganancias y pérdidas, estado de resultados, estado de operaciones, estado de resultados financieros o ingresos, estado de ganancias o estado de gastos

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Go through the three components of democratic capitalism and picture an economy without each one. What happens to freedom, fairn
andre [41]

Explanation:

The three components of democratic capitalism are: private ownership of the means of production, the labor market and the exchange of products in a market whose profit is obtained.

When imagining an economic context without free companies, the scarcity would be increasing and there would be an economic slowdown that would impact the lives of thousands of people and lead to an increase in poverty, hunger and starvation.

Such problems could also happen without a freely elected government.

Therefore, ethical and moral values ​​must be considered as the basis of any economic system, so that all market mechanisms flow in order to satisfy the needs of citizens with regard to products, services, employment and dignity.

3 0
4 years ago
Which of the following is true of brand equity? Multiple Choice It is a tangible asset that adds value to a service. It allows t
Blababa [14]

I believe the answer is: it is an asset that adds value to a service

Brand equity refers to the positive perception that the consumers have towards our brand. This considered as an asset because brand equity is strongly correlated with consumers loyalty. It creates the perception that our brand would always had a certain level of Superiority compared to other brands regardless whether their assumptions is correct or not.


3 0
3 years ago
You are a manager who has run into some conflict between two of your departments. Both departments are overworked and complainin
navik [9.2K]

Answer:

Collaboration.

Explanation:

Collaboration is the process by which two or more people or group's come together to achieve a particular goal. It usually needs leadership to guide it's activities, and is similar to cooperation.

The departments are complaining and saying the other one has it easy. Bother departments are functioning independently.of one another and so cannot understand the unique challenges faced by the other team.

When they collaborate they pool their resources together to achieve more. They also get to understand the pain points of the other department and this helps foster a good work environment.

4 0
4 years ago
The name of the budget that plans for how the business will run until it becomes self-sustaining, I.e. until it begins to make
amm1812

Answer:

start-up is the correct answer.

6 0
3 years ago
Northwest Fur Co. started the year with $92,000 of merchandise inventory on hand. During the year, $425,000 in merchandise was p
Artyom0805 [142]

Answer:

$ 142,800.00  

Explanation:

The ending inventory can be computed by rearranging the cost of goods sold formula:

cost of goods sold=Beginning inventory+net purchases-ending inventory

ending inventory=beginning inventory+net purchases-cost of goods sold

beginning inventory is $92,000

Net purchases=purchases-discount+freight-in charges-purchase return

net purchases=$425,000-($425,000*1%)+$7000-($5000*99%)=$422,800.00  

cost of goods sold is $372,000

ending inventory=$92,000+$422,800-$372,000=$ 142,800.00  

8 0
4 years ago
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