Which financial statement matches asset increases from operating a business with asset decreases from operating the business?Statement of changes in equity.Balance sheet.Statement of cash flows.Income statement.

Answers

Answer 1
Answer:

Answer:

Income statement

Explanation:

Statement of change in equity: It records beginning balance of equity, ending balance of equity, net income or loss, dividend paid if any.

Balance sheet: It records the assets and the liabilities side of the balance sheet which equals to

Total assets = Total liabilities + Stockholder equity

Statement of cash flows: It records three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

Income statement: It records all income and expenses of a particular period.

In the given question, the increase in assets records under the revenue part whereas if the asset decreases, it records under expenses part of the income statement.  


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Tina is very skilled at knowing what gifts are acceptable to give coworkers and clients when she travels around the world representing Pepsi.

Answers

Cultural competence  

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Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $26,000.
b. Cash receipts from sales, $264,000.
c. Budgeted cash disbursements for purchases, $138,000.
d. Budgeted cash disbursements for salaries, $80,000.
e. Other budgeted expenses, $15,000.
f. Cash repayment of bank loan, $10,000.
g. Budgeted depreciation expense, $25,000.

Answers

Answer:

$47,000

Explanation:

The cash budget is a forecast of the company's expected movement in cash considering the expected outflows and inflows. This movements result in a change between the opening and ending cash balance. This may be expressed mathematically as

Opening balance + Cash receipts - Cash disbursed = ending balance

Cash receipts for the period

= $264,000

Cash disbursed

= $138,000 + $80,000 + $10,000 + $15,000

= $243,000

ending balance  = $26,000 + $264,000 - $243,000

= $47,000

Retained earnings, December 31, 2019 $ 347,600 Cost of buildings purchased during 2020 46,600 Net income for the year ended December 31, 2020 56,100 Dividends declared and paid in 2020 32,200 Increase in cash balance from January 1, 2020, to December 31, 2020 24,000 Increase in long-term debt in 2020 44,100 Required: From the above data, calculate the Retained Earnings balance as of December 31, 2020:

Answers

Answer:

$371,500

Explanation:

The retained earnings account represents the cumulative net income of an entity over the years after considering the dividend paid over the periods of existence.

The movement in the dividend account at the start and end of a given period is as

Opening balance + Net income - dividend declared and paid = closing balance. Hence , the Retained Earnings balance as of December 31, 2020

= $347,600 + $56,100 - $32,200

= $371,500

Answer:

cool

Explanation:

Assume that you are given a payoff function that is a straight line with slope 3 and y-intercept $-200. This payoff function is for an expiration in 3 months. Assume that the current price of the underlying stock is $60 and the annual risk free rate is 2%. What is the price of this payoff

Answers

Answer:

price of the payoff is -$19.01

Explanation:

The computation of the price of payoff is shown below:

But before that we have to do the following calculations

Equation of payoff is

= -$200 + 3 × current price

Now

price of payoff is

= -$200 ÷ (1.02)^(3 ÷ 12) + 3 × $60

= -$199.01 + $180

And, finally

The price of the payoff is -$19.01

The same is to be considered

The cases filed with HR at The Cross Company are concerning in that most of the classes that are protected by the CRA may have been included. During a meeting with the HR team, Mrs. Jackson reminds her employees that the Civil Rights Act as amended forbids discrimination on all of the following excepta) sex.
b) religion.
c) race.
d) color.
e) political preference.

Answers

Answer: Political Preference

Explanation: You cannot judge anyone based on their political views.

Why is that 0.8 in fractional form is 8/10​

Answers

Answer:

Decimal placement

Explanation:

It is 8/10 because, in the decimal 0.8 , the 8 is in the tenths place. If it was 0.08 the fraction would be 8/100 and so on and so forth.

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