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Mashcka [7]
3 years ago
6

A financial statement is a summary of all the financial transactions that have occurred over a particular period. Also financial

statements indicate a firm's financial health and stability, and are key factors in management decision making.
a. True
b. False
Business
1 answer:
just olya [345]3 years ago
3 0

Answer:

True

Explanation:

This is true

You might be interested in
What are three ways primary productivity can be measured
OleMash [197]

Answer:

1. Amount of carbon dioxide used

2. Rate that sugars are formed

3. Rate that oxygen is produced

Explanation:

Primary production is the rate at which plants produce organic compounds in their ecosystem.

6 0
4 years ago
If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
e-lub [12.9K]

Answer:

D. Network

Explanation:

Network structure:  It is an organizational structure, which does not have a hierarchical or flat structure rather it is more decentralize and flexible structure than any other organizational structure. This structure relies more on open communication and reliable partner outside the organization, which reduce liability and department to have more control and lesser flaws in management. Many third parties, informal networks, agents are involved in the network structure of the organization.

In the given case, the company has contracts with staffing agencies to fill non core positions from accountants to dishwashers, which is an example of network structure.

3 0
3 years ago
MeasuresPenno Corporation recorded service revenues of $200,000 in 2017, of which $170,000 were on credit and $30,000 were for c
Ksenya-84 [330]

Answer:

$155,000

Explanation:

Given that,

Service revenues in 2017 = $200,000

Credit sales for 2017 = $170,000

Company also paid cash for 2017 wages = $25,000

Wages for 2017 not paid yet in cash = $20,000

Therefore,

Net income for 2017:

= Service revenues in 2017 - Cash paid for wages - Wages not paid yet in cash

= $200,000 - $25,000 - $20,000

= $155,000

Hence, the company’s net income for 2017 is $155,000.

4 0
3 years ago
Rocky Mountain Bottling Company produces a soft drink that is sold for a dollar. At production and sales of 800,000 units, the c
vaieri [72.5K]

Based on the fixed costs of the Rocky Mountain Bottling Company, the contribution margin per unit is $0.40 per unit

<h3>How is the contribution margin found?</h3>

First, find the variable costs:

= 300,000 + (250,000 - 70,000)

= $480,000

The contribution margin per unit is:

= (Sales - variable costs) / number of units

= (800,000 - 480,000) / 800,000

= $0.40 per unit

Find out more on contribution margin at brainly.com/question/24309427

#SPJ1

5 0
2 years ago
An agent is selling a new issue of a non-exempt security to a customer. In order to make it easier for the customer to understan
V125BC [204]

Answer: b. This action is a violation of the Uniform Securities Act

Explanation:

Most terms people carry out in doing business is a breach on the policies of the other party and which is not healthy for the business society, clients should get to understand when they are crossing the line in carrying out task and do the right thing, violations can lead to law enforcement which would not be pleasurable for the party involved.

7 0
3 years ago
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