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IRINA_888 [86]
2 years ago
8

Which term describes a list of all ledger accounts that businesses maintain?

Business
1 answer:
Len [333]2 years ago
5 0
The answer would be a general ledger
You might be interested in
I The indirect and direct methods of preparing the statement of cash flows are identical except for
NemiM [27]

The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

In this article, we'll show you how the CFS is structured, and how you can use it when analyzing a company.

KEY TAKEAWAYS

A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

The main components of the cash flow statement are cash from operating activities, cash from investing activities, and cash from financing activities.

The two methods of calculating cash flow are the direct method and the indirect method.

4 0
3 years ago
Billings Company has the following information available for September 2017.
kumpel [21]

Answer:

Part a

Contribution Margin = 29.95% (2 d.p)

Part b

                             Billing Company

                 CVP Income for as at September 2017

                                                      Total                      Per Unit

                                                         $                               $

Sales                                          295704                       444

Less Variable Costs                  (138084)                      (311)

Contribution                               157620                        133

Fixed Costs                                 (59850)                     89.86

Net Income                                  97770                       43.14

Part c

Billing`s break even point is 450 units

Part d

                                    Billing Company

     CVP Income for as at September 2017 - Break Even Point

                                                      Total                      Per Unit

                                                         $                               $

Sales                                           199800                       444

Less Variable Costs                  (139950)                      (311)

Contribution                                59850                        133

Fixed Costs                                 (59850)                      133

Net Income                                       0                              0

Explanation:

Part a

Contribution Margin = Contribution/Sales × 100

Therefore contribution margin is  ($444-$311)/$444 * 100 = 29.95% (2 d.p)

Part b

Sales - Variable Cost = Contribution

Net Income  =   Contribution - Total Fixed Costs                            

Part c

Break Even Point is when Billings neither makers a profit or loss.

Break Even Point ( Units) = Total Fixed Cost/Contribution per unit

Therefore Break Even Point (Units) = $59850/$133 = 450 units

Part d

The total and unit CVP should neither reflect a profit or loss at a capacity of 450 units as this is the break even point. In this case profit = nill

7 0
3 years ago
Suppose that a demand curve exhibits two points. Initially, at price P 0 P0 , the quantity demanded is Q 0 Q0 . When price chang
Vinvika [58]

Answer:

Price Elasticity of Demand= \frac{Percentage change in Demand}{Percentage change in Price}

At Price = P_{0}

Quantity demanded = Q_{0}

At Price = P_{1}

Quantity Demanded = Q_{1}

Now,

Percentage change in Demand = \frac{(Q_{1} - Q_{0})}{Q_{0}}

Percentage change in Price = \frac{(P_{1} - P_{0})}{P_{0}}

Price Elasticity of Demand = \frac{\frac{(Q_{1} - Q_{0})}{Q_{0}}}{\frac{(P_{1} - P_{0})}{P_{0}}}

Above formula if used will give the correct answer related to Price Elasticity of Demand.

Another variant of above formula is also being used on prominent basis.

Price Elasticity of Demand = \frac{\frac{(Q_{1} - Q_{0})}{(Q_{1} + Q_{0})} }{\frac{(P_{1} - P_{0})}{P_{1} + P_{0}} }

Utilization of any of the above Formula will give the ideal outcome in estimating Price elasticity of demand.

5 0
3 years ago
Globalization has led to: Group of answer choices lower operational efficiency, as firms must transport raw materials and finish
jekas [21]

Answer: Option D

Explanation: Globalization refers to the free interaction among different countries of the world. Globalization results in free transfer of resources and technology around the world.

Due to globalization  a consumer of India can enjoy a product or service provided by a supplier of america. Thus, the competition increases to its best because off globalization. Therefore, the consumers are willing to purchase the best product in the market. resulting in increase in quality and decrease in cost.

Hence from the above we can conclude that the correct option is D.

4 0
3 years ago
________is a nonprofit organization that provides free online and in-person assistance to entrepreneurs in the form of training,
podryga [215]

Answer:

SCORE

Explanation:

<em>"SCORE’s mission is to foster vibrant small business communities through                                  mentoring and education."</em>

SCORE is a national network of volunteer business mentors that helps small businesses grow. According to their website, they have already provided  mentorship to more than 11 million entrepreneurs.

SCORE is currently a resource partner of SBA (Small Business Administration) and works with more than 10,000 volunteers.  

3 0
2 years ago
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