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3 years ago

Which one of the following statements is correct?

Business

1 answer:

-Dominant- [34]3 years ago

8 0

Answer:

b. Financial statements are frequently the basis used for performance evaluations.

Explanation:

The financial statements are the accounting reports of an organization, through these documents it is possible to analyze what is the financial situation of a company in the internal and external environment, what are its greatest strengths and weaknesses.

They are instruments for evaluating organizational performance because they provide essential information about the general accounting situation of a company, which ensures greater reliability for a manager to make a decision directed to correct a problem or strategic implementation to achieve a certain result. It also allows stakeholders to analyze essential data and information when deciding to invest or do business with a particular company.

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1. On December 31st, 2012, Bingo Corp. borrowed $50,000 from a bank. Half of the loan was to be repaid in 2013, and the other ha

olga2289 [7]

Answer:

undervalued assets an liabilities by 50,000

Explanation:

The financial statement for the fiscal year ended on December 31th, 2012

will have the following mistake:

Liabilities are undervalued by 50,000

Cash wll be undervalued by 50,000

As the note payable is not recorded neither the cash receipts from the loan.

Because this transaction is missing, we are not doing a correct representation of reality. This account will be undervalued.

4 0

3 years ago

China's steel industry:___________

Ronch [10]

Answer:

Explanation:

If I'm not wrong, their steel industry is still growing due to the inputs of iron ore and coal.

4 0

3 years ago

Read 2 more answers

Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo

Leona [35]

The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

3 0

3 years ago

Read 2 more answers

Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in

insens350 [35]

Answer:

Explanation:

Where the culture and the mode of living are completely different, international business is going beyond boundaries.

People of single culture and region are been dealt with in the domestic business, and it is easy to know what the customer needs. Many cultures are been dealt with when it comes to international business, and there is a need for product customization as per the location. This would require a team that manages these issues in each region.

Hence, when compared to domestic business, the business will be in a large mode. Thus, there is a separate course for international business which helps us to reach the heights we require to see the whole world.

Based on the explanation above, the statement given in the question is false.

7 0

3 years ago

Shocker Corporation's sales budget shows quarterly sales for the next year as follows: Unit sales Quarter 1 15,400 units Quarter

adelina 88 [10]

Answer:

Production for Q2 12,700 units

Explanation:

sales for the quarter 11,000 units

desired ending inventory

20% of Q3

20% of 19,500 = 3,900 units

Total requirement 14,900 units

Beginning inventory

20% of Q2 sales

20% of 11,000 = (2,200) units

Production for Q2 12,700 units

We add the sales and the desired inventory as the production needs.

The beginning inventory is subtracted, those units is work done towards the goal, so we need to produce the differente, which is 12,700 units.

8 0

3 years ago