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Alex777 [14]
3 years ago
12

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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a shopper seeking a bargain combined a 25% off coupon with the store's existing 25% off sale, and brought enough money to cover
lukranit [14]
Because the % discounts cannot be added to calculate the final price.

The first discount is over the original price but the second discount is over the already discounted price.

You can find a combined factor if you multiply the two factors.

Discount of 25% => Factor = 0.75

Now you can find the combined factor by multilplying 0.75*.75 = 0.5625

That means that the final price will be the original price times 0.5625 (or what is the same that the discount is 100 - 56.25 = 43.75%.

Then the operation results in a higher price than if you multiply by 0.5 (50% discount).

In conclusion the discount resulting from two consecutive 25% discounts is less than a 50% discount.
7 0
3 years ago
You purchase a new stereo at a local electronics store and decide to pay using your credit card. You
S_A_V [24]

Answer:

D. 0% interest for 1 year and 12% interest after that

Explanation:

Since you are purchasing a new stereo and will be paying it off within a year, it will be best to choose a credit card that charges the lowest interest rate in the first year. This will be the one with 0% interest rate for the first year; choice D. After you use it , fully pay off the amount and you can cancel your credit card so you don't get charged the 12% interest rate from year 2 going forward.

3 0
3 years ago
Summit Software, Inc., recently celebrated its fifth year of business. Jim Mueller, the proprietor, started the software manufac
kirill115 [55]

Answer:Q1. Is Summit software is gazelle? Support your answer.

Ans.  .Gazelle define as  a gazelle company is a high-growth company that has been increasing its revenues by at least 20% annually for four years or more, starting from a revenue base of at least $1 million. Yes from this definition, we can say that this software is gazelle.

Q2.What problems may Jim face by owning such a fast-growing business?

Ans. Faces problems that the As the business grows rapidly, there would be more expectations from the customers. They would expect for change and more innovation in their products. Mr. JM has only three employees and they are burdened with heavy load of work.

The competition arises between firms. Some might be healthy and some might be unhealthy. Unhealthy competition may lead Mr. JM to go in a wrong path.

Q3. Are gazelle more important to the economy that traditional growth business?why or why not?

Ans. Gazelles are vital for the growth of the economy as the country is being benefitted by the profit received by gazelles. Gazelles grow rapidly and hence the economy of the country grows rapidly. Traditional growths in businesses are very slow but they also bring steady profit for the country at a lower and standard level.

Explanation:

7 0
3 years ago
Barton Industries expects next year's annual dividend, D1, to be $2.00 and it expects dividends to grow at a constant rate g = 4
Gekata [30.6K]

Answer: See explanation

Explanation:

The flotation cost adjustment that must be added to its cost of retained earnings will be calculated thus:

= Expected dividend / [Current price × (1 - Floatation cost)] + Expected growth rate

= 2.00/[20.00 × (1 - 4.5%)] + 4.2%

= 2.00 /[20.00 × (1 - 0.045)] + 0.042

= 2.00 / (20.00 × 0.955) + 0.042

= (2.00/19.10) + 0.042

= 0.104712 + 0.042

= 0.146712

New cost of equity = 14.67%

You didn't give the cost of equity calculated without the flotation adjustment. Let's assume that this is maybe 11%, the floatation on adjustment factor = 14.67% - 11% = 3.67%

6 0
3 years ago
Drag and drop the steps of the DG pickup process into the correct order then click submit
Sedaia [141]

The steps of the DG pickup process which are put into the correct order are as follows:

  1. Download and Install the DG application
  2. Make enquiries on whether the particular store makes use of DG pickup
  3. Make an order and reserve a time slot
  4. Add the items to the virtual cart
  5. Put the digital coupons of the DG pickup
  6. Checkout

<h3>What is a Pickup Service?</h3>

This refers to a type of service which is used to deliver goods from one location to a customer at his preferred location.

With this in mind, we can see that the correct steps of making use of online pickup service such as DG pickup is shown as there needs to be the installation of the app, then to add the items to the cart and finally checkout.

Read more about pickup services  here:
brainly.com/question/6855095

8 0
2 years ago
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