Answer:
A) Balance Sheet: reports the assets, liabilities and shareholders' equity at a given point in time. Assets = Liabilities + Shareholders' equity
B) Income Statement: reports the profits or losses = total revenues - total costs, over a specific period of time
C) Statement of Retained Earnings: reports the changes in the retained earnings account during the accounting period, it shows how net income increases retained earnings and how dividends decrease it.
Explanation:
Answer:
The correct answer is option b.
Explanation:
John owns hot dog stands that sell hot dogs in New York City. He employs vendors to sell hot dogs at these stands.
A decrease in the price of hot dogs will reduce the revenue and profits earned by John. So John will hire fewer workers for his stands to reduce costs.
This will cause John's demand for hot dog vendors to decline.
Answer:
20 %
Explanation:
The Debt to Total Assets ratio is used to measure financial risk, the higher the ratio the more financial risk there is.
Debt to Total Assets ratio = Total debt / Total Assets x 100
therefore,
Debt to Total Assets ratio = $6,000 / $30,000 x 100 = 20 %
thus,
The debt to total assets ratio as of December 31, 2017: 20 %
Option d is correct. To be enforceable, the contract should be in writing and identify the quantity.
All contracts must be in writing to be enforceable under the Statute of Frauds. If the contract makes performance conceivable within any specific time frame, it must be in writing to be enforceable. Any agreement concerning property must be in writing in order to be upheld.
An anticipatory repudiation is seen as a significant contract breach when it takes place.
A second agreement that satisfies the legal requirements for a contract must be made by the parties in order to rescind an earlier agreement. Through novation, a contractual obligation cannot be released.
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Answer:
D. Weighted-average common shares outstanding for the year.
Explanation:
The formula to compute the earning per share is shown below:
Earning per share = (Net income - preference dividend) ÷ (Weighted-average common shares outstanding for the year)
Weighted average is come after considering the beginning year shares and ending year shares and then divide it by 2
By using this formula, the correct earning per share can come.
Hence, all other options are wrong except d.