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3 years ago

Which financial statement summarizes a business’s incomes and expenses?

Business

1 answer:

12345 [234]3 years ago

5 0

Answer:

Income statement.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

The income statement is a financial statement that summarizes a business’s incomes and expenses.

Hence, the main purpose of the income statement is to present your business’s earnings for a given period as it summarizes your incomes and expenses.

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"$12 million per year. grow 10% compounded annually over the next 5 years. What will demand be in 5 years?"

Dafna1 [17]

Answer:

$12,936,120

Explanation:

The formula for calculating compound interest

=FV = PV × (1+r)n

Fv = future value

PV present value

r interest rate =10 %

t =time = 5 years

Future value= 12million x(1+10/100)5

=12,000,000 x (1+0.1)5

=12,000,000x1.61051

= $12,936,120

4 0

2 years ago

Decision making is defined as: a.the set of processes used to get members of an organization to work together. b.creating proble

romanna [79]

Answer:

Explanation:

The process by which members of an organization choose a specific course of action to respond to both problems and opportunities.

Characteristics:

-number of alternatives

-information available to the option

-timeframe relatively long

-uncertainty

Phases for decision making:

-acquiring and perceiving info or cues for the decision

-generating and selecting hypotheses or situation assessments

8 0

3 years ago

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec

Oksana_A [137]

Answer:

$250,000

Explanation:

Calculation for the cash flows from operating activities to be reported on the Statement of Cash Flows

Using this formula

Cash flows=Income Statement+(Accounts receivable arising from sales)

Let plug in the formula

Cash flows=$240,000 +($80,000-$70,000)

Cash flows=$240,000 +$10,000

Cash flows=$250,000

Therefore the cash flows from operating activities to be reported on the Statement of Cash Flows is $250,000

6 0

2 years ago

For a price-taking firm, marginal revenue Select one: a. is the addition to total revenue from producing one more unit of output

Ksju [112]

Answer: Option (e) is correct.

Explanation:

Correct Option: both a and c

Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.

Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.

7 0

2 years ago

Tiffany, the marketing manager of a mobile phone company, is achievement-oriented and exhibits high levels of assertiveness. She

Kipish [7]

Answer: Masculine Traits

Explanation:

Tiffany's culture is a very masculine one, as she isn't affraid to take up challenges also she has a very competitive nature and not shy in the area of risk taking.

Masculine Traits are qualities such as strength, power, courage, assertiveness that are normally attributed to individuals of the male gender.

8 0

2 years ago