Complying with the law will avoid legal problems and assure customers about the quality of the products sold by a business. ... It will also help to maintain a good reputation for the business.
The increase or decrease in owner's equity is reported on the
Question 9 options:
income statement.
statement of owner's equity.
balance sheet.
All of the above
Answer:
Statement of Owners' Equity
Explanation:
The Statement of Owners' Equity, also referred to as Statement of Stockholders' Equity, is a financial statement used to report the changes in the all of the equity accounts of a corporation. It also reports number of shares and any changes in a firm's preferred, common, and treasury stock that occurred during the year.
The Income Statement (also referred to as the Statement of Earnings) reports the net income or loss of a company for a specific period. It only reflects revenues and expense accounts of the firm, and not the equity accounts.
The Balance Sheet (also referred to as the Statement of Financial Position) reflects the assets, liabilities, and stockholders' equity accounts of a company as of a specific date. The information contained in its "Stockholders' Equity" section comes from the Retained Earnings Statement. However, the Balance Sheet does not provide the changes in the equity accounts of a company.
Therefore, the correct answer is Statement of Owners' Equity.
What would you do if you found out that you wrote a cheque of $78 but it was recorded as $98 in check register?
dont do anything because ur getting money
Which interpersonal skills are used to create long-lasting connections with those around you?
O Communication skills
O Listening Skills
O Negotiation skills
O Relationship-building skills
The interpersonal skills that are used to create long lasting connections with those around you are Relationship-building skills.
Interpersonal skills are those skills and tactics that are used by people to have an effective communication and relationship with others. While some people are born with this skill, for others it is learnt.
Relationship building skills help to develop long lasting relationship with other people.
A person with this skill
Is A good listenerHas empathyThinks of othersPays attention to othersKnows how to say the right wordsRead more on https://brainly.com/question/24459568?referrer=searchResults
Answer:
O Relationship-building skills
Explanation:
got right on test
Assume that the following data describes the condition of the banking system
Answer:
what's the data?,so I can answer the question.
Confronting negative feelings shows weakness.
Please select the best answer from the choices provided
T
F
Answer:
It's False!! :)
Explanation: Don't get it from the guy at the top he's wrong unfortunately
can someone solve this case?
TIA
Answer:
a
Explanation:
Fombell, Incorporated has the following assets in its trial balance: Cash $8,000 Equipment 58,000 Accounts Receivable 2,000 Copyright 4,000 Inventory 18,000 Patent 12,000 Building 100,000 What is the total balance of its Property, Plant, and Equipment
Based on the information given the total balance of its Property, Plant, and Equipment is $158,000.
Using this formula
Property, Plant, and Equipment Total balance=Equipment+ Building
Where:
Equipment=$58,000
Building=$100,000
Let plug in the formula
Property, Plant, and Equipment Total balance=$58,000+$100,000
Property, Plant, and Equipment Total balance=$158,000
Inconclusion the total balance of its Property, Plant, and Equipment is $158,000.
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Has anybody taken this test before? What is the most financially dangerous way to pay for college?
Scholarships
Cash
Credit cards
Federal student loans
Answer:
well my dads a licensed student loan manager for UCB in CA and he said Federal Student Loans have FIXED INTEREST meaning no matter the change in other people loans your interest rate doesnt change. So it has to be credit cards.
Explanation:
Also credit cards dont have fixed interest rates so say today you have an 8% interest rate and next month it changes to 12% thats because of the fixed rate so in the near future you'd end up paying more in credit card tax then student loans. And student loans payment are negotiable , payments can be somewhat reasonable as for credit cards co.'s they take out a payment either way without you having a say in monthly change until you pay the loan off.
In my personal opinion I think its credit cards.
rong 200 từ hoặc ít hơn, hãy giải thích một trường hợp sử dụng phân tích lợi ích – chi phí để ra quyết định mà bạn quan sát được trong cuộc sống
say wHaT?! I don't know what that meanss
To calculate the earnings from an annual percentage yield, you should:
A. multiply the nominal interest rate by the interest earned.
O B. multiply the amount in the account by the nominal interest rate.
O C. multiply the initial deposit by the nominal interest rate.
D. multiply the amount in the account by the initial deposit.
Answer:
Multiply the amount in the account by the nominal interest rate
Explanation:
To calculate the earnings from an annual percentage yield, you should multiply the amount in the account by the nominal interest rate.
What is earning?Earnings is what is left after all the expenses of a particular production process have been removed.
It can be expressed in percentage and computed form the yield.
Therefore, To calculate the earnings from an annual percentage yield, you should multiply the amount in the account by the nominal interest rate.
Learn more on earning here,
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#SPJ2
Protectionism helps countries raise their standard of living.
true
false
Answer:
true
Explanation:
MAKE ME BRAINLIEST THAT'S THE CORRECT ANSWER I’M SMART:)
An investor buys a share of stock for $40 at time t = 0, buys another share of the same stock for $50 at t = 1, and sells both shares for $60 each at t = 2. The stock paid a dividend of $1 per share at t = 1 and at t = 2. The periodic money-weighted rate of return on the investment is closest to:
The investor's weighted rate of return on the two investments is closest to 31.75%.
Data and Calculations:
Cost of stock = $40
Time (t) = 0
Cost of stock = $50
Stock dividend per share = $1
Dividend at t1 = $2
Dividend at t2 = $2
Profits from sale of stock = $20 and $10 each
Weighted Rate of Return:
For stock 1 = 28.75% ($21/$40 x 100 1/2 + $1/$40 x 2/2)
For stock 2 = 3% ($1/$50 x 100 + $1/$50 x 100 x 1/2)
Weighted rate of return = 31.75% (28.75 + 3%)
Thus, the weighted rate of return on the investment is closest to 31.75%.
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02. GeCo begins 20X4 with merchandise costing $69,000. 20X4 sales are
$233,000, purchases are $198,000, and ending inventory is $81,000.
GeCo's 20X4 cost of goods sold is...
a. $245,000 b. $221,000 c. $210,000 d. $186,000
3. On December 3, HuCo purchases merchandise for $47,000 on account
F.O.B. destination. Freight charges are $800. On December 26, HUC
pays the vendor $14,000. On HuCo's December 31 balance sheet the
accounts payable balance will be...
a. $33,800
b. $47,000
c. $47,800
d. $33,000
4. RiCo uses the perpetual method for inventory and records purchases a
In 20X4, it has total merchandise purchases of $324,000. It retu
2. GeCo's 20X4 cost of goods sold is d. $186,000.
3. On HuCo's December 31 balance sheet the accounts payable balance will be d. $33,000.
4. The net cost of RiCo's 20X4 merchandise purchases is a. $297,000.
Data and Calculations:
GeCo:
Beginning inventory = $69,000
Sales for he year = $233,000
Purchases =$198,000
Cost of goods available for sale = $267,000 ($69,000 + $198,000)
Ending inventory = $81,000
Cost of goods sold = $186,000 ($267,000 - $81,000)
HuCo:
Purchases on account = $47,000
Trade terms = FOB destination
Freight charges = $800 on the Seller
Payment on December 26 = $14,000
Accounts Payable balance = $33,000 ($47,000 - $14,000)
RiCo:
Merchandise Purchases = $324,000
Return of goods = $19,000
Purchases allowances = $7,000
Cash discount = $1,000.
Net cost of purchases = $297,000 ($324,000 - $19,000 - $7,000 - $1,000)
Question 4 Completion:
RiCo uses the perpetual method for inventory and records purchases at gross. In 20X4, it has total merchandise purchases of $324,000. It returns 19,000 of the merchandise for full credit and receives $7,000 in allowances from its vendors for defective merchandise and takes cash discount of $1,000. The net cost of RiCo's 20X4 merchandise purchases is... a. 297,000 b. 305,000 c.324,000 d. 298,000
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