which of the following is also known as profit and loss statement?
net worth ledger
liability statement
income statements
transaction ledger

Answers

Answer 1
Income statement
A financial statement that outline the revenues and costs during a period of time.
Answer 2

Another name for the profit and loss statement is the income statement.

The income statement is a financial statement that is used to record a firm's income and expenses in a given year. It contains information on the total profit or loss of a firm.

A balance sheet is a financial statement that contains information on a  reports company's assets, liabilities and shareholders' equity at a point in time.

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Related Questions

Explain how James can change his farming habits to have a more-productive farm in the following scenario.

James has been losing money on his farm recently, so he has switched to a lower-quality fertilizer of human-made chemicals. As a result, his crops are not growing as well. He is finding it difficult to sell them, causing James to lose even more money.

Answers

Answer:

James should switch to a higher-quality fertilizer to ensure his crops grow well.

Explanation:

If he switches to a higher-quality fertilizer, his plants will grow better, and as a result they will sell better.

James can change his farming habits to have a more productive farm by switching to sustainable farming practices that prioritize soil health and natural fertilizers.

Explain how James can change his farming habits ?

The use of chemical fertilizers can negatively impact the quality of the soil over time, leading to decreased crop yields and decreased profits.

To start, James could invest in improving the quality of his soil by rotating crops, practicing cover cropping, and incorporating organic matter such as compost into his fields. This will help to improve the health and nutrient content of the soil and lead to healthier crops.

Additionally, James could consider implementing sustainable pest management strategies, such as integrated pest management, to reduce his reliance on harmful chemicals. This will not only benefit the environment but also save James money on expensive pesticides.

Finally, James could explore alternative marketing strategies to sell his crops, such as farmers markets, community-supported agriculture programs, and direct-to-consumer sales. These methods may help James to reach a more interested and engaged audience who value sustainably grown produce.

Overall, by prioritizing soil health, reducing reliance on harmful chemicals, and exploring alternative marketing strategies, James can change his farming habits to have a more productive and profitable farm.

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Olivia Thoms sells surplus books to bookstores. She is paid a commission of $1.50 each on the first 50 books she sells, $1.75 each on the next 100 books, and $2 on any books she sells over 150. Last week she sold 225 books. What was her commission for the week?

Answers

Answer:

381.25=225 books, anyways there you go

Explanation:

is it wierod to have a fav. pet as a posom

Answers

Answer:

no it is your passion

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5. The source document for all cash payments is a sales invoice. (P. 60)
true or false

Answers

Answer:

false

Explanation:

A sales invoice is an accounting document addressed to a client informing them of the amount they should pay for the goods or services provided. It details the services or products provided, the date, name of the client, the amount due, among other details. The invoice does not keep information on cash payments.

The check is the document that contains information on cash payments. The checkbook will retain details of all payments, such as amount, payee, and payment date. This data is useful in cash reconciliations.

The source document for all cash payments is a sales invoice. Thus, the given statement is false.

The source document for all cash payments is not a sales invoice. A sales invoice is typically generated when a company makes a sale to a customer, documenting the details of the transaction and serving as a request for payment. However, when it comes to cash payments, the source document is usually a receipt or cash voucher.

A receipt is issued to the payer as proof of payment received, providing information such as the date, amount, payment method, and details of the transaction. Cash vouchers, on the other hand, are internal documents used within a company to track and record cash payments made.

Thus, the given statement is false.

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Which statement best describes how you use email?
A. I get a lot of emails but I don't usually respond.
B. I write emails for personal use often but little for work or school.
C. I use email as my main source of work or school communication and but not for personal use.
D. I use emails for all my communication; work, school, and personal use.
E. I haven't used email yet.​

Answers

if anything it will be d

telcom owns a phone network and provides phone network services to many consumers

Answers

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Which statement is true about packaging materials? A. Metals are reactive. B. Metals are the cheapest form of packaging material. C. Glass containers protect materials from direct light. D. Plastics are biodegradable.

Answers

Answer:

c

Explanation:

glass containers protect materials from direct light, cause the light pass through glass before reflecting in the glass so that is to say the light is not directly on the materials

Wants personal finance definition ?

Answers

Answer:

the desire for GOODS and SERVICES. The attempt to satisfy wants forms the basis of all economic activity. Wants are expressed in the market place not by need or desire but by the willingness and ability to actually purchase the good or service in DEMAND.

Explanation:

Answer:

Explanation:

the desire for GOODS and SERVICES. The attempt to satisfy wants forms the basis of all economic activity. Wants are expressed in the market place not by need or desire but by the willingness and ability to actually purchase the good or service in DEMAND.

why does an unsecured loans have a higher interest rate than a secured loan​

Answers

Answer:

Well.

Explanation:

Because vendors see unsecured loans as riskier.

Answer:

The correct answer for this question would be:

A.      The bank bears all the risk of the loan.

ECON pleaseeeeeee helppppppp :((((((((

Answers

C makes a greater variety of products available to consumers

Which of the following is a list of assets?
A.cash, accounts payable, inventory, furniture
B.cash, accounts receivable, inventory, furniture
C.cash, bank loan, inventory, furniture
D.cash, accounts receivable, inventory, owner's equity

Answers

It’s definitely either A or C. Sorry I can’t be much of help but good luck and I hope you pass
It’s definitely not A or C. The correct answer is B. Cash, inventory, furniture definitely all have value that can be accessed by the firm so they are assets. Accounts receivable are all the outstanding invoices that are owed to the firm by others so those are like cash that is promised to the firm which are also valuable. All of theses are assets on a Balance Sheet

What negatively affects small businesses?


a. reformers
b. advocates
c. regulations
d. capitalism

Answers

The answer is D I think
B). Advocacy


The definition of advocacy is the act of speaking on the behalf of or in support of another person, place, or thing. An example of an advocacy is a non-profit organization that works to help women of domestic abuse who feel too afraid to speak for themselves. Active support for a legal cause by argument and persuasion.

Hope this was helpful

Critically explain Robbins definition of economics?​

Answers

Answer:

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”

Explanation:

.
Devon would like to invest in bonds but he is only familiar with investing in stocks. What is the biggest difference between the two?

Bonds are generally high risk.

Bonds are generally short-term investments.

Bonds have fixed maturity dates.

Bonds provide constant access to your investment money.

Answers

Answer:

Bonds have fixed maturity dates

Explanation:

Rolan has always been good with numbers. In addition, he has always been able to analyze information and recommend
solutions. Which career pathway is Rolan best suited for? -Marketing  management - Business Analysis. - Sales Management - Human Resources 

Answers

Answer:

Business Analysis

Explanation:

Business Analysis is the best career fit for Rolan because it entails all having his type of skillset.

For example, a business analyst would be expected to provide financial advice as well as give technical solutions to a company after analyzing the financial records [which requires been good with numbers] of the company.

Hence,  Rolan can think of pursuing a career pathway in Business Analysis.

Answer:

B

Explanation:

and why cant i keep a relationship??

Answers

Answer:you can keep a relationship never give up and find the one for you.

Explanation:

don’t worry about you not keeping one the right one is obviously not here yet ! btw you should really hit the thanks button :)

Is budget towards a new computer a fixed or variable expense?

Answers

A budget isn’t an expense, nor is a new computer rather an asset

What is the major source of tax revenue for local government

Answers

Answer:State and local governments tend to obtain the largest portion of tax revenues from property taxes and sales and gross receipts taxes. Another large source of revenue is individual income taxes.

During the first quarter of the Super Bowl, Chris keeps track of actual game time vs. time devoted to commercials. Game time amounted to 35 minutes; commercials comprised 14 minutes. What fraction of the total time was the actual game shown? *

Answers

Answer:

=5/7

Explanation:

The total time for the first quarter will be

Game time 35mins and commercial 14 mins

=35 mins + 14 mins

=49 mins

Game time as a fraction of first quarter

=35/49

=5/7

Why are file naming conventions essential?
A. So that data entry workers do not have to learn new systems with
every new position.
B. To make it easy to copy files for backup storage.
C. So that companies can easily share files with other companies.
D. Without everyone using the same system, it would be impossible
to know locate folders or files.

Answers

Answer:

D. Without everyone using the same system, it would be impossible

to know locate folders or files.

Explanation:


Whoever answers gets brainlist!

Sub chapter s corporations have almost no restrictions and are easily formed and operated. true or false

Answers

Answer:

false

Explanation:

S corporation form of business ownership is one type of corporation. It is a corporation whose shareholders have elected to become an S corporation. The formation of this form of business structure is not easy. First, a corporation is formed as per the requirements of the laws. Some requirements include drafting of articles and memorandum of association, appointing directors, and registering the corporation.  

The shareholder can then apply to be an S incorporation if they meet the requirement. Some of them are

1. Should not have more than  100 shareholders

2. Shareholders should be individual or some exempt entities.

3. Have one class of stock

Ryan keeps a list of his goals to remind himself of what he's working toward. which tip for smart goal setting is Ryan following?
A.putting goals in writing
B.trying goals to a timetable
C.Making goals specific
D.Making goal difficult but possible​

Answers

Answer:

c

Explanation:

because When you set goals for yourself, it is important that they motivate you: this means making sure that they are important to you, and that there is value in achieving them.

Ryan keeps a list of his objectives to remind himself of his objectives. Ryan is using the Making goals specific tip, which goal-setting advice. Option C is correct.

What is goals specific?

The preparation of an action plan to encourage and steer a person or group toward a goal is known as goal setting or goals specific.

Desires and fleeting intentions are less thoughtful than goals. As a result, making objectives entails committing one's thoughts, emotions, and actions to achieving the goal.

In the above case, Ryan keeps the list of goals to remind himself by making the preparation of an action plan.

Therefore, option C is correct.

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Choosing to take the day off over going to work is an example of a(n) _____.

Answers

The choice of taking a day off instead of going to the workplace is an example of opportunity cost.

What is the cost?

Cost is the price that an individual is paid for acquiring a product or service from a market.

Opportunity cost is the cost of choosing the next best choice while making a decision about anything. In the provided situation, it is an example of an opportunity cost where the next best choice, that is, working in a job is compromised for taking a day off.

Therefore, the choice of not going to the job and taking a day off is an example of an opportunity cost.

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How can formal business documents help managers solve problems? OA. By eliminating the need for schedules and budgets to track progress B. By creating a record of every action taken during a meeting OC. By presenting well-organized, accurate information about a problem O D. By making decisions so the managers do not have to handle them​

Answers

Answer: By presenting well-organized, accurate information about a problem.

Explanation:

What is an example of a musical work?
A musical theater script
The playlist used for a pop radio station
The design of a particular musical instrument
The sheet music of a popular movie soundtrack

Answers

Answer:

sheet music of a popular movie soundtrack

Answer:

nhd wdbbdbdbdhduwdhbdubdjkdn9uwdhdbddknd

Explanation:

Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry

Answers

Answer:

D

Explanation:

It was never made when Earth was made

Answer:

jewelry not resource this is a correct answer

Personal values are placed within these six categories:

Answers

Answer:

Personal values are placed within these six categories:

achievement, compassion, courage, recognition, relationships, responsibility

Explanation:

Answer:

achievement, compassion, courage, recognition, relationships, responsibility

Explanation:

Round 23,748.3753 to the nearest hundredths.​

Answers

23,748.3853 i think that’s the answer

What gives commodity money its value? a government’s guarantee of its value the type of material with which it is made its rate of exchange in other countries the ability to trade it for a valuable good

Answers

Answer:

B. the type of material with which it is made

Explanation:

Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Also, an exchange can be defined as the process of providing goods and services by an individual or organization, to meet the needs of customers in exchange for an amount of money.

Hence, the type of material with which money is made is what gives commodity money its value because it is based on the perception of the buyer and seller of goods and services. A commodity money simply refers to money that derives its value from the commodity with which it is created from. Some examples of commodity money are gold, diamonds, silver, cowry, cocoa, copper and other valuable resources.

Answer:

B is correct

State farm Commercial "she shed" Who burned down the she-shed

Answers

Explanation:

The ad features a character named Cheryl who calls State Farm to check whether she's insured for the outdoor "she shed" burning down in front of her and her husband, Victor. The prevailing fan theory is that Victor burned down the she shed

nice thats cool bro

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