!! PLEASE HELP !!
Romelle Woods and Ahti Indihar each won small businesses. Ms. Woods prepares an income statement and balance sheet at the end of each day for her business, in order to make business decisions. Mr. Indihar prepares an income statement and balance sheet for his business only at the end of each one-year fiscal period, when preparing tax reports. Which owner is using the better procedure? Explain your answer.

Answers

Answer 1

Answer:

Ms. Woods is using the better procedure.

Explanation:

Although is not necessary to prepare a balance sheet and an income statement daily, they should be prepared as often as feasibly possible anyway, because both financial statements provide crucial information to take decisions.

The balance sheet provides a snapshot of the assets, liabilities and equity of the firm, while the income statement provides a more fluid picture of what the firm has earned in the form or revenue, and lost in the form of expenses, over a specific period of time.


Related Questions

1. Do you think it's really important to start saving for retirement as early as possible? Why or
why not?

Answers

Yes, I think it is important to save for retirement as early as 18 years old. I think this so that if anything goes wrong you can have kind of like a safety net.

Select the correct answer.
Kruger Trading Inc. buys goods on credit. In which two accounts will the company post this transaction after entering it into the journal?

Answers

Answer:

с. Purchases and Creditors

Multiple choices

A. Goods and Cash

В.Goods and Creditors

с. Purchases and Creditors

D.Purchases and Cash

Explanation:

The purchase account is used to record purchased goods. Accountants and bookkeepers usually do not operate a goods account. When goods are purchased, they increase the purchases account.

Purchased goods are either paid in cash or on credit. Cash purchases reduce cash held in the business and are recorded in the cash account. Credit purchases increase liabilities and are recorded in the creditor's accounts.

can a 14 year old work? where?

Answers

Answer:

Yes!!

Explanation:

They can work at Chick-Fil-A!!

They can be a babysitter

wash cars

and more!

reflection of food and beverage

Answers

Answer:

The interpretation of the sort of situation is characterized following portion.

Explanation:

Food and beverage organizational leadership would be important for generosity, tourist activities, and instructional design learners. Relatively increased educators are encouraged throughout the resource allocation of different approaches. Because several learners have the understanding and although F&B capitalists, evaluation using these thoughts and feelings can be an essential part of the strategy.

Steven has 55 baseball cards. Steven and Lucas have more than 71 baseball cards together. Which of the following inequalities represents the number of baseball cards the two boys have?

Answers

Answer:

105

Explanation:

If you need to add all of them together the answer will be 126

when they use internet ads marketers get their audience involved by using interactive content suck as​

Answers

I believe the answer is A hope this help have a good day

Answer:links and surveys

Explanation: took the test

GRUBHUB PERKS GIVE YOU DEALS ON THE FOOD YOU LOVE
THE KIND OF DEALS THAT MAKE YOU B O O G I E
DO DO DO DO TU TU TU TU
DO DO TU TUG UT UTURUWEUG
DOVRIOGJGHIJRG
DO
DO
DO
GET THE FOOD YOU LOVE i cant even finish it

Answers

ARNT YOU KOOOOOOL!we live to hear itttt

Answer:

Grubhub perks give you deals on the food you love.

The kind of deals that make you boogie.

[music]

Purple guy: *bites borger and dances*

Sushi guys: *appear and eat the sushi*

Sallad girl: *eats salad and stands up*

Milkshake girl: *does the splits and sluprs milkshake*

Everyone: *dances all at once*

camera moves to purple guy and shows him dancing

[music stops] camera changes to house and kid looks at purple guy

purple guy: points at kid

kid: says huh and blinks

[music starts again]

Kid: *dancing*

Get the food you love with perks *doorbell rings* from Grubhub!

Grub what you love

Explanation:

You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to th loan​

Answers

Answer: i would say b

Explanation:

Which economic system produces goods based on supply and demand and
encourages entrepreneurs through profit motive?
A. Traditional
B. Modified command
C. Command
D. Market

Answers

Answer:

D. Market

Explanation:

A market economy can be defined as an economic system that produces goods based on supply and demand and encourages entrepreneurs through profit motive.

In a perfect market economy, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a market economy, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a market economy is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Hence, the price and quantity of goods that are to be supplied by the producers (manufacturers) to the consumers are mainly determined by the forces of demand and supply.

Answer: The answer is C. Market

Edge2020

Explanation:

Please mark me brainlyiest

Have a great day.

why only 4 percent manage to succeed in business of company ??​

Answers

Answer:

A lot of businesses don't succeed due to money problems, or no customers.

Explanation:

It takes tons of money to build up a business, its hard to get people to work for you, you’ve got to pay people to do things, it costs a ton. it’s hard!

Where should a worker go for equipment to help put out a small fire?

Where could a supervisor get a bandage for a worker with a cut hand?

Where should a supervisor go to call for an ambulance after a worker breaks a leg?

Answers

Answer:

a. the front east wall

b. the floor manager’s office

c. the employee cafeteria

Explanation:

(A) A worker should go for tools to support putting out a small fire on the front east wall. DON’T pick individual belongings: Fires spread fast.

Who is Supervisor?

(B) A supervisor obtains a bandage for an employee with a cut hand in the floor supervisor’s office.

(C) A manager goes to call for an ambulance after an employee breaks a leg in the employee cafeteria.

While it’s comprehensible that employees will be shocked during a fire, keeping a level leader is important to survival. Fortunately, manipulating fire drills should support provide a calm reaction since everyone will comprehend exactly what to do.

Wrap the wound with a bandage, stay away from food and prep spaces, protect the hand with a glove and finger cot, and protect the wound with a bandage and a glove or a finger cot.

we would extremely advise you to directly administer First Aid and call an ambulance if somebody: Appears not to be breathing, is holding chest pain, working to breathe, or breathing strangely -appearing to ‘suck in’ below their rib cage and utilizing different muscles to support them to breathe.

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Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...

Answers

Answer:

Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.

Explanation:

Answer:

No, paying from a credit card is more preferable .

Explanation:

The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :

No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.

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Discuss with your parents or friends what type of communities you belong to. Then submit at least three sentences telling me what type of community or communities you belong to and how you participate in them.

Answers

Answer: They are three type of community we have; Urban, rural and suburban.

Explanation:

They are three type of community we have; Urban, rural and suburban. Urban community refers to a community that has developed to a large extent, most residents have non-agricultural jobs, the city has commercial buildings, roads, railway more banks.

Suburban community areas are lower density areas that separate residential and commercial areas from one another. They don't have much development as the Urban community.

Rural community is known for it's underdevelopment, has more of residential areas than industries around it.

I presently stay in a suburban community

For each obstacle, select the best solution.

not getting in to a class:

failing a class:

not being accepted to college:

not saving enough money to pay for college:

Answers

Answer:

3 3 1 2

Explanation:

Answer:

3 3 1 2

Explanation:

I will play basketball. This is a _____ goal.

a) neither
b) broad
c) SMART
15 POINTS AND BRAINLIEST

Answers

Answer:

b

Explanation:

not timely or specific,

Answer: d

Explanation:

An information search can be formal or informal.
True
O False

Answers

Answer:

This is false. An information search must be formal

Which of the following items would not be classified as an asset?

O A. Mountain bike
O B. Flat screen TV
● C. Student loan 《◇
O D. Textbooks​

Answers

C Student Loans
................................

If the potential employer is a candle-making company, _____ would be one of the employer’s raw materials.


mold

match

wax

none of the above

Answers

Answer:

wax

Explanation:

Raw materials are the components or ingredients used to manufacture finished goods. They are the unprocessed materials that go through the production process or refining to give a consumable product.

Wax is the main raw material in the production of candles. A company involved in making candles need a source of wax to stay in business.

Just take the points ;-; I'm done here
what is 2+2

Answers

Answer: 4

Explanation:

2+2=4

In addition, the addends or the summands are numbers or terms being added together

What are the two most important things that you must have in order to become an entrepreneur?
A. Education and funding
B. Speaking skills and listening skills
C. A business idea and passion
D. Experience and employees

Answers

Answer:

C. A business idea and passion

Explanation:

Entrepreneurship is a new business.  An entrepreneur takes the risk of starting a new business and oversees its success.

Entrepreneurship starts with the formation of a business idea. The entrepreneur conceives an idea and decides to transform it into a business. They invest their time and resources working on the idea until it becomes a successful business. The entrepreneur must be passionate about their vision because creating a new business can be challenging. With passion, the entrepreneur will source for other requirements such as capital and labor.

Answer:

c

Explanation:

got it right on Edge

have a nice day!!!

PLZ MARK AS BRAINLIEST

When your company pays for a promotional message, that is a form of what?
A. Advertising
B. Public relations
C. Word of mouth
D. Market research

Answers

Answer: advertising

Explanation:

Answer:

A

Explanation:

got it right on Edge

Recall the educational and other requirements for Geographers. What are some requirements that would be helpful to
include in this career plan? Check all that apply.
master's degree and GISP certification
communication skills, including reading, writing, listening, and speaking
sales skills
associate degree, and GAST certification
leadership and supervisory skills for managing teams of other people
analytical and critical thinking skills
computer skills

Answers

Answer:

1 2 6 7

Explanation:

good luck luvs !!

Answer:

1,2,6,7

Explanation:

everyone who says otherwise is a big fat liar >:(

A targeted cover letter is written specifically for work within the industry you prefer.

True or False?

Answers

Answer

False is the answer hope this helps

Answer:

true

Explanation:

What might be an example of corporate social responsibility

Answers

funding water conservation technologies.

An example of corporate social responsibility is funding for planting trees in the city or country.

What is corporate social responsibility?

Corporate social responsibility is kind of a social responsibility of business owners and organizations towards the betterment of the society and environment. There are many ways to fulfill corporate social responsibility, such as planting trees, giving jobs to the underprivileged, funding for water and sanitation facilities, and many more.

At present times, this act of corporate social responsibility is being taken really seriously by business people, and they are fulfilling this responsibility with great zeal. There are dedicated departments in organizations that look after these activities.

Thus, planting trees is one example of corporate social responsibility.

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Lines AB and CD are parallel. If mN is 74°, then what is mY?

Answers

Answer:

If mN is 74° parallel the mY would be - 74° parallel to mN

A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!

Answers

Answer:

A.................

Explanation:

look at my pokemon

Answer:

D

Explanation: because i said so but it might not be right

Explain briefly what kind of Consumer Service is particularly open to an entrepreneur.

Answers

Answer:

Almost any Consumer Services enterprise is amenable to the entrepreneur, from personal services like pet care and yard maintenance to a clinical psychology and counseling practice. Particularly fertile in our current business landscape are Consumer Services tied to computers, electronics, the Internet, and social media.

Explanation:

Businesses are important to a free enterprise system because they?

Answers

Answer:

A.provide consumers with goods and services

Multiple choices

A.provide consumers with goods and services

B. make legal decisions related to property rights.

C. prevent entrepreneurs from taking to many risks.

D. enforce economic regulations to protect citizens. ​

Explanation:

Production of goods and services is done by the private sector in a free enterprise system. A majority of the factors of production belong to the private sector. The government does not actively participate in economic activities.

In the free enterprise system, the private sector produces and distributes goods and services in the economy. In other words, all the goods and services consumed in a free enterprise system are produced by the private sector.

what is judiciary and executive?

Answers

Judiciary is the judicial authorities of a country; judges collectively.
Executive is the person or branch of a government responsible for putting policies or laws into effect.

Promotional discounts are given to stores by manufacturers to place their products in preferred locations in the store and to display their products in a ski manufacturer sells a local ski shop 35 pairs of their new store window: skis for $7000, which is a discount of $2,625. What is the percentage of the discount given to the store? (Round your answer to the nearest whole percent.)

Answers

Answer:

27%

Explanation:

The ski was sold for $7,000 which has a discount of $2,625.

the price before discount is

= $7,000 + $2,625.

=$9,625

the discount as a percentage

=$2,625 / $9,625  x 100

=0.272727 x 100

=27.27%

=27%

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