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2 years ago

Pls answer fast and correct I will mark the brainliest

Business

2 answers:

spayn [35]2 years ago

6 0

Answer:

1 cunsumption 2v wealth 3 asset 4 gross income

Explanation:

vitfil [10]2 years ago

5 0

Answer:

1. Consumption

2. Wealth

3. Income

4. Cash Balance

5. Asset

6. Liabilities

7. Net Worth

8. Gross Income

9. Net Income

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A stockbroker trades shares she does not own with an obligation of later repayment, and in the hope that the price of traded sha

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Answer: short selling

Explanation: In simple words, short selling refers to the process in which an individual borrows stock from its holder with the promise of giving it back after a specific time and at a specific price, after borrowing he or she sells the stock at the current market price and expects that the price of stock will decrease in future.

The borrower then purchases the stock at a lower price and gives it back to the lender with the margin profit in his or her pocket. Short selling works like a speculation but only market experts do such activity due to high risk involved.

Such processes are of high value to the market as they result in creation of liquidity.

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4 years ago

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A person's debt ratio shows the relationship between debt and net worth. the lower the ratio the

SOVA2 [1]

<span>A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. </span>

When you are in good financial standing, if it necessary to have a low debt ratio. The debt ratio is how much debt to income or net worth someone has. When you have a low debt ratio you are often approved for larger loans and can sustain financial freedom more easily.

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3 years ago

Question 8 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings. In

skelet666 [1.2K]

Solution:

Change in assets= 28,860-17,010+52,010+46,730= 110,590(increase)

Change in liabilities= 32,580-19,620=12,960 (increase)

Change in stockholders equity= 110,590-12,960 = 97,630

Net increase= 97,630

Change in common stock= 63,760

Additional paid in capital= 15,390

Net increase accounted for = 63,760-15,390= 48,370

Increase in retained earnings (net income)= 32560

Compute the net income for the current year.

Net income $32560

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3 years ago

Green Inc. made no adjusting entry for accrued and unpaid employee wages of $38,000 on December 31. This error would Multiple Ch

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Answer:

The answer is B. Overstate net income by $38,000.

Explanation:

Accrued expense is an expense that has been enjoyed or incurred but has been paid for. Examples of an accrued expense are unpaid wages/salary, unpaid electricity bill etc.

Usually, the adjusting entry for accrued expense is to debit the expense and debit increases expense while credit decreases it. Since there is no adjusting entry, that means no expense is being recognized on the income statement for this transaction. Hence, the net income increases (overstated). because ordinarily expense reduces net income.

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3 years ago