if someone wanted to find out how much money a company made during a particular year, the best financial statement to use would be the

Answers

Answer 1

Answer:income statement

Explanation:

Answer 2

If someone wanted to find out how much money a company made during a particular year, the best financial statement to use would be the income statement.

What is an income statement?

An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss (P&L) statement. It describes the process by which the revenues, or "top line," are converted into net income or net profit. Managers and investors can determine whether a company made money (profit) or lost money (loss) during the reporting period by looking at the income statement.

A period of time is represented by an income statement. The balance sheet, on the other hand, only depicts one point in time. You may better comprehend your company's financial situation by comparing the income statement to the balance sheet, cash flow statement, and cash flow forecast.

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Related Questions

If Paul’s children run a lemonade stand for a day and sell 400 glasses of lemonade at $1.00 each, their total revenues are

a. $200.

b. $800.

c. $400.

d. $1.00.

Answers

Answer:

c

Explanation:

Because 400 × $1.00 = $400

A plan that forecasts future expenses and helps the company to effectively
meet those expenses is called a…………………….
Marketing plan
Business plan
budget
Financial plan

Answers

Answer:

budget

Explanation:

I don't knowwwwwwweeeeeeeeeeeee

Bài tập: Cty cổ phần X hiện đang có 20tr cổ phần thường lưu hành, không có cổ phần ưu đãi. Cty có 100tr $ nợ dài hạn , ls 10%/năm, thuế suất 20%. Cty muốn huy động thêm 50tr $ để đầu tư thiết bị mở rộng kinh doanh . Theo tính toán khi thiết bị đưa vào hoạt động sẽ có hiệu quả, cty hi vọng tạo ra 200tr $ EBIT hằng năm, từ việc kết hợp các thiết bị cũ vs thiết bị mới lắp đặt. có 3 phương án sau đây để đưa ra xem xét - Phương án1: phát hành trái phiếu conpon với ls là 12%/ năm - Phương án 2 : phát hành cổ phần ưu đãi vói cổ tức 15% - Phương án 3: phát hành cổ phần thường vs giá 40 $ 1/cổ phần Yeu cầu: 1. Hãy phần tích xem cty nên chọn phương án nào, tại s 2. Phân tích ebit và vốn 3. Tính ROE chọn mỗi phương thức tài trợ

Answers

What are you trying to say

While designing a management support system, it's important to remember that executives' main concern is _____.

Answers

The main concern of executives when designing a management support system (MSS) is b. getting the information they need in the simplest way.

A management support system provides managerial information resources to enable management to plan, make decisions, and manage the organizational activities to achieve goals.

Executives' main concern with the design of a management support system is not to:

Identify unquantifiable benefitsGet support from all employeesGet technically-advanced information.

Thus, the concern of executives during the design of a management support system is to get needed information most simply.

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The​ ________ tells managers how much of the overall variance is due to paying a higher or lower price than expected for the quantity of materials it purchased.

Answers

Direct labor rate variance

If P(A) = .62, P(B) = .47, and P(A U B) = .88; then P(AN B) =

Answers

Answer:

197............................

Is foreign employment good or bad for Nepal?​

Answers

They are good for employment

It has an immediate benefit but it is not beneficial for a long term of the Nepalese labour and sweat is being used in foreign countries and there is scarcity of human power for the development of our own country

On November 1, 2019, Davis Company issued $30,000, six-year, 7% bonds for $29,340. The bonds were dated November 1, 2019, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the book value of the bonds after the November 1, 2020 interest payment was recorded using the straight-line method of amortization

Answers

Answer:

29,700 dollars is your answer

Explanation:

In selling a house, Matt, a licensed realtor, tells Ann that the wiring, fixtures, and ap-pliances are of a certain quality. Matt knows nothing about the quality, but it is not as specified. Ann buys the house. On learning the true quality, Ann confronts Matt. He says he was not trying to fool her; he was only trying to make a sale. Can she rescind the deal

Answers

no she cant rescind the deal

Culture clashes frequently happen when ________ within an organization interpret rules differently based on their levels within the organization

Answers

Based on sociological research study, culture clashes frequently happen when subcultures within an organization interpret rules differently based on their levels within the organization.

This is because subculture is a term that is used to describe a group of individuals within a large group, usually within an organization, who share the same characters such as problems and experience that is peculiar to them.

Culture clashes occur when this group of people with similar identity or functions interpret rules or objectives differently based on their statuses within the organization.

Hence, in this case, it is concluded that the correct answer is "Subculture."

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Purchased office supplies for $1,400. Cash paid $ 400 and remaining
outstanding.

Answers

Answer: $1,000

Explanation:

How does Lexie’s current interview technique limit her effectiveness as an interviewer

Answers

Interviews often takes different forms. Lexie's current interview technique limits her effectiveness as an interviewer as the wide latitude of these nondirective interviews can result in low reliability and often poor validity.

Interviewing is simply the process whereby individuals do exchange information. The individuals is often interested with a job opening, a promotion, a special assignment etc.

Interviewing in some of business setting do takes place in an atmosphere that is filled with a sense of urgency as the time allocated to the interview is  little.

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The ability to take initiative in the workplace is called

A. adaptability
B. communication
C. leadership
D. problem solving

Answers

The answer is C, Leadership.

The ability to take initiative in the workplace is called leadership.

Thus, the correct option is C.

What do you mean by Leadership?

The capacity to influence and direct followers or other members of an organization is referred to as leadership.

Competent, skilled, secure, and caring leaders excel in their positions. These leaders are honest and authentic in their behaviors and words, and they make time for everyone. They publicly communicate to their staff that they value people.

They are crucial traits to possess because a competent leader can inspire his or her team to work together toward a common objective by bringing out the best qualities in each person.

In order to prevent delays, a skilled leader keeps the group engaged and on task. A productive and happy work atmosphere is fostered by leaders who are transparent and honest.

Transparency with team members is essential for an effective leader, making it one of their essential traits. Many people, including team members and coworkers, look up to an effective leader.

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Pat Jones is a college student who is planning some networking
opportunities for the current semester. Pat wanted to look professional for these events and felt a new suit would be a real benefit; however, the cost for the first event ended up being $75 which was a strain on the budget. Pat did not want to attend the remaining three events in the same outfit, so a new strategy was developed. Instead of paying for new suits in cash, Pat decided to charge the suits on a credit card, wear them to the events, and then return them the next day for full credit.

*****Be sure to include the following in your original response which should be at least four paragraphs with at least five sentences each:

1. Provide a brief description of the scenario in your own words.
2. Do you feel Pat's new strategy is ethical? Why or why not? Could
there be any consequences with this strategy?
3. How will this new strategy impact the company/companies where the suits are purchased?
4. What journal entry/entries would the company have to record
related to the return of the suit?

Answers

Answer:

1. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.

2. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.

3. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.

Explanation:

Malcolm (37) is a U.S citizen

Answers

Answer: good for him

Explanation:

What are 4 types of investments that offer compound interest?

Answers

Answer:

Savings Accounts

Rental Homes

Bonds

Stocks

:)

CDs. Considered a safe investment, certificates of deposit are issued by banks and generally offer higher interest than savings. ...
High-Interest Saving Accounts. ...
Rental Homes. ...
Bonds. ...
Stocks. ...
Treasury Securities. ...
REITs.

what is meant by operational management?

Answers

Operations management (OM) is the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an organization

Mark Brainliest please

A negative attitude can lead to
O more completed work
O high turnover
O better work environment
O fewer conflicts between employees

Answers

Negative attitude can lead to high turnover

Brainliest if you answer help

Answers

Answer:

probably 2...............

HELP ME
Which of the following is TRUE concerning the Master Layout dialog box?

Can be opened by clicking Master Layout on the Slide Design tab

Allows you to add a placeholder for an image

Allows you to add a text placeholder

Allows you to add a background to a slide

Answers

The option that is true about the Master Layout dialog box is C. Allows you to add a text placeholder.

The Master Layout dialog box simply refers to the tip slide in the hierarchy of slides that is vital in storing information about the side layouts and theme in a presentation.

The Master Layout dialog box is also vital in storing information about background, color, effects, fonts, etc. It also allows the user to add a text placeholder.

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Select all that apply Identify the statements below which summarize what cash discounts are. (Check all that apply.) Multiple select question. A reduced payment applies to the credit period. A buyer views a cash discount as a purchase discount. A reduced payment applies to the discount period. Cash discounts are described in credit terms. Sellers can grant a cash discount to encourage buyers to pay earlier. A seller views a cash discount as a sales discount. A seller views a cash discount as a purchase discount.

Answers

So basically 2-3 is 6 so that means that a cupboard is not actually a cupboard it’s a whale

Discuss the difference between the income statement of Variable and absorption costing.

Answers

Absorption costing includes all of the direct costs associated with manufacturing a product, while variable costing can exclude some direct fixed costs. ... Variable costing includes all of the variable direct costs in COGS but excludes direct, fixed overhead costs.

Why Is Tiklacars South Southend Airport Transfer Service Better?

Answers

Answer:

Yes,

Tiklacars South Southend Airport Transfer Service is Better.

I HOPE ITS HELP YOU

Choose all that apply.

Select all strategies for correcting credit problems.


Find credit counseling services.

Take a cash advance from one credit card to pay the minimum payment on another credit card.

Continue to use credit responsibly and wait.

Ask your credit card company to waive fees or lower your interest rate.

Get help from a finance company.

Transfer credit card balances to a card or loan with lower interest rates.

Sell something of value.

Answers

Answer:

find credit counseling services,

Ask your credit card company to waive fees or lower your interest rate.

Get help from a finance company.

What is the 4 MAJOR
ELEMENTS OF A TORT
What is 4 major elements of a tort
What is the 4 major elements of a tort

Answers

Answer:

- The presence of a duty. We all have a duty to take steps to prevent injury from occurring to other people.

- The breach of a duty. The defendant must have failed to live up to his duty to prevent injury from occurring to you.

- An injury. You were injured.

- The injury resulted from the breach.

Explanation:

Hope this helps.

How does the Army Corps of Engineers affect agriculture?

A.
They oversee safety standards.

B.
They develop new pesticides.

C.
They develop new machinery.

D.
They oversee some waterways.

Answers

Answer:

D. They oversee some waterways.

Grayson was hired as a customer service agent for an insurance company. His boss recognized his strong communication skills and praised him for a job well done. This is an example of a(n)

Answers

When Grayson's boss praised him for job well-done, it is an example of a intrinsic reward.

An intrinsic reward refers to an award of recognition, sense of achievement, conscious satisfaction, self fulfilmenr achieved after sucessfully achieving a task.

The intrinsic reward is given to Grayson by his boss for the job well-done.

This type of intrinsic reward helps employees to gain more motivation to perform better than before.

Therefore, in conclusion, when When Grayson's boss praised him for job well-done, it is an example of a intrinsic reward.

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At June 1, 2018 Billy’s Fitness Company purchased new exercise equipment for its facility.
The following information refers to the purchase and installation of this equipment:
• The list price of the equipment was $640,000 less a cash discount of 5%.
Billy’s Fitness Company paid sales taxes of $36,480 at the date of purchase.
• Transportation charges for delivery of the equipment totaled $2,200.
• Costs for installation and test runs to ready the equipment for customer use
amounted to $1,600.
• Normal maintenance costs for the exercise equipment in June 2018 were $875.
Requirement:
For each of the bulleted items above, indicate which items should be included by Billy’s
Fitness Company as a part of the total cost of its Exercise Equipment account. Also briefly
indicate the proper accounting treatment of those items that are not included in the cost of
the Exercise Equipment

Answers

An indication of the bulleted items that Billy's Fitness Company should include in the cost of the Exercise Equipment account is as follows:

Equipment's List Price = $608,000

Sales Taxes                         36,480

Transportation cost              2,200

Installation and testing         1,600

Total  costs                  $648,280

Thus, the costs of normal maintenance of the equipment in June 2018 should not be included in the Equipment Account but treated as expenses in the income statement.

Data Analysis:

Equipment's list priceless discount = $608,000 ($640,000 x(1 - 5%)

Cash Discount = $32,000 (5% x $640,000)

Sales taxes included = $36,480

Transportation charges = $2,200

Installation and testing costs = $1,600

Maintenance costs =$875

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If you fire Julio from his job after making one mistake but did not fire John for making the same mistake several times, you have committed an error related to which type of justice?

Answers

In this scenario, we have committed an error related to Procedural justice

Procedural justice refers to way of ensuring fair justice by making decisions according to fair processes to ensure fair treatment.

According to this justice rule, the same rule must be applied to similar scenario and must be impartial as well in order to ensure fair justice.

In conclusion, we have committed an error relating to procedural justice because the rule that was applied to Julio was not applied to John, therefore, there was a bias in justice.

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The correlation between absenteeism and turnover is ______ the correlation between tardiness and turnover.

Answers

The correlation between absenteeism and turnover is stronger than the correlation between tardiness and turnover.

Absenteeism simply refers to a pattern where an employee misses work without giving a good reason. Turnover is the number of an employer's workforce that must be replaced as a result of the separation of employees from the workplace.

It should be noted that the correlation between absenteeism and turnover is stronger than the correlation between tardiness and turnover. When employees continually don't come to the office, this will lead to the employers looking for someone to fill in for them.

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