There are different kinds of cost incurred in business. Depreciation of equipment is an example of sunk cost.
Sunk cost is a financial term for a cost that has been incurred and one cannot recover again. This type of costs are taken as bygone and are not taken into consideration when making decisions.They are money that has been spent and one cannot get back again. Example is Depreciation, amortization, and impairments.
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How might a companies mission, vision, or values support or detract from it’s competitive advantage and customer value proposition?
A company's mission, vision, and values can significantly impact its competitive advantage and the customer value proposition.
What is competitive advantage?A competitive advantage is the unique set of qualities or attributes that allow a business to outperform its competitors. This could be anything from proprietary technology, access to resources or distribution channels, superior customer service, or a strong brand reputation. Essentially, it is what makes a company stand out and succeed in its industry. A competitive advantage enables a business to generate more revenue, acquire and retain customers, and ultimately achieve a greater market share. It is important for businesses to identify and cultivate their competitive advantages to maintain their position in the marketplace and continue to grow. However, it's worth noting that competitive advantages are often short-lived, and businesses must continually innovate and adapt to maintain their edge over time.
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FCIA deduction consists of
Research cyber espionage case and briefly describe it (provide a link to your website source
The primary goal of cyber espionage is to gather private or confidential data, trade secrets, or other kinds of intellectual property that the attacker can use.
What is cyber espionage?Cyber espionage is a type of cyber attack that involves the theft of sensitive information or intellectual property from a target entity, such as a government agency, business, or individual. It involves the use of sophisticated hacking techniques, malware, and other cyber tools to gain unauthorized access to a victim's computer network or other digital systems. The objective of cyber espionage is often to obtain valuable information, trade secrets, or political or military intelligence that can be used for financial gain or to advance the interests of a foreign government. Cyber espionage can have serious consequences, including economic damage, reputational harm, and national security risks. As such, it is a major concern for businesses, governments, and individuals alike.
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I need a an idea of followership introduction help me!
Followership refers to the role, behavior, and actions of individuals who are not in a leadership position, but rather, they support and collaborate with their leaders to achieve shared goals. Followership is an essential aspect of organizational success, as it complements leadership and fosters a harmonious work environment.
Effective followers exhibit characteristics such as being proactive, taking responsibility, and engaging in open communication with their leaders. They also possess the ability to think critically and provide valuable feedback for the betterment of the team. By embracing the principles of followership, individuals contribute positively to the overall performance and morale of the organization.
It is important to note that followership does not imply blind obedience or passivity. Instead, it involves active engagement and collaboration with leaders to achieve common objectives. In this dynamic relationship, leaders and followers must work together, learn from each other, and adapt to changing circumstances.
In conclusion, followership is a vital component of successful organizations and plays a significant role in accomplishing shared goals. By cultivating strong followership skills, individuals can effectively support their leaders, enhance team performance, and contribute to the growth and success of the organization.
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For each statement about Direct Competition and Indirect Competition,
choose True or False.
Indirect Competition is a
business whose services are
different from yours but
satisfy the same need.
All Companies that sell
goods and services are
Indirect Competitors.
When your target audience
buys products from a
competitor instead from
you, that is Indirect
Competition.
Direct Competition is a
company that offers
the same thing you
offer.
1. True
2. False
Answer:
Explanation:
1) Indirect Competition is a business whose services are different from yours but satisfy the same need.
True
2) All Companies that sell goods and services are Indirect Competitors.
False
3) When your target audience buys products from a competitor instead from you, that is Indirect Competition.
False
4) Direct Competition is a company that offers the same thing you offer.
True
Click this link to view O-NET's Work Styles section for Registered Nurses. Note that common work styles are listed
toward the top and less common work styles are listed toward the bottom. According to O*NET, what are common
work styles needed by Registered Nurses? Check all that apply.
dependability
artistry
prevention
integrity
concern for others
stress tolerance
Answer:
dependability
integrity
concern for others
stress tolerance
Explanation:
there u go
O-NET's Work Styles common work styles needed by Registered Nurses are the dependability, integrity, concern for others, and stress tolerance. Thus, option (a), (d), (e) and (f) is correct.
What is O-NET's Work Styles?The term O-NET's Work Styles refers to the work perform on the working place. It was the included the achievement efforts, initiative, persistence, detail-oriented and supportive. It was the every business are the follow the O-NET's Work Styles of the work as completing the project.
O-NET's Work Styles common work styles was the required on the Registered Nurses. It was the common work style was the included such as dependability, concern for others, stress tolerance, and the integrity. It was also included that the detail-oriented and the idea-oriented.
As a result, the conclusion of the O-NET's Work Style's common work styles are the aforementioned. Therefore, option (a), (d), (e) and (f) is correct.
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hãy lựa chọn 1 công ty sử dụng dịch vụ nghiên cứu của marketing của các nhà cung cấp bên ngoài.
1. tìm hiểu lý do công ty phải thuê ngoài
2. những tổ chức nào đã cung cấp dịch vụ marketing cho công ty?
3. công ty thuê một phần hay thuê toàn bộ các hoạt động nghiên cứu marketing
Answer:
may I know which language
You are starting your own small business in Albuquerque. You borrow $10,000 from the bank at a 9% rate for 5 years. What is the total amount you will pay on this loan.
Answer:
4,500
Explanation:
Use the I=PRT method to help
P=10,000 T=5 years R=9%=9/100=0.09
this is going to be your equation
I=10,000 x .09 x 5
multiply you t x r
it should now look like this,
I=10,000 x .45
now the last thing to do is just multiply them both.
you should get,
I=4500
1. Explain your understanding of management.
Answer: Management means directing and controlling a group of people or an organization to reach a goal. Management often means the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Hope it helped! if it did please mark me brainliest!!
tysm
Answer:
For me, there are two different meanings for the word management, it is either:
1. it is the process of dealing with or controlling things or people.
OR
2. it is the administration of an organization, whether it is a business, a non-profit organization, or a government body.
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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Intra-Spect Mining Co. acquired mineral rights for $153,000,000. The mineral deposit is estimated at 90,000,000 tons. During the current year, 23,400,000 tons were mined and sold.
Required:
a. Determine the amount of depletion expense for the current year. Round the depletion rate to two decimals places.
b. Journalize the adjusting entry on December 31 to recognize the depletion expense.
Answer:
a. Determine the amount of depletion expense for the current year.
$39,780,000
b. Journalize the adjusting entry on December 31 to recognize the depletion expense.
Dr Depletion expense 39,780,000
Cr Accumulated depletion: Mine 39,780,000
Explanation:
depletion expense per ton mined = $153,000,000 / 90,000,000 = $1.70 per ton
depletion expense for current year = $1.70 x 23,400,000 = $39,780,000
Depletion expense is similar to depreciation expense since the carrying value of the asset decreases as minerals are being mined.
You wish to build a house and you have divided the process into a number of tasks, namely:
B. excavation and building the foundation,
F. raising the wooden frame,
E. electrical wiring,
P. indoor plumbing,
D. dry walls and flooring,
L. landscaping.
You estimate the following duration for each of the tasks (in weeks):
Tasks B F E P D L
Duration 3 2 3 4 1 2
Some of the tasks can only be started when some other tasks are completed. For instance, you can only build the frame once the foundation has been completed, i.e. F can only start after B is completed. All the precedence constraints are summarized as follows:
• F can start only after B is completed,
• L can start only after B is completed,
• E can start only after F is completed,
• P can start only after F is completed,
• D can start only after E is completed
• D can start only after P is completed.
The goal is to schedule the starting time of each task such that the entire project is completed as soon as possible. As an example, here is a feasible schedule with a completion time of ten weeks.
Tasks B F E P D L
Starting Time 0 3 6 5 9 6
End Time 3 5 9 9 10 8
Required:
Formulate this problem as an LP. Explain your formulation. Note that there is no limit on the number of tasks that can be done in parallel. (Hint: Introduce variables to indicate the times that the tasks start.)
Answer:
x1 + x2 + x3 + x4 + x5 + x6 + x7
Explanation:
Formulating the problem as an LP
Attached below is an AOA diagram and the completion time of each task is indicated in the diagram, The diagram was based on the conditions given for the completion of each task accordingly.
To complete the project as early as possible we will have assume
x1, x2, x3, x4, x5, x6, and x7 to be the times taken to complete each node
hence the earliest time taken to complete the project
= x1 + x2 + x3 + x4 + x5 + x6 + x7
when : x2 - x1 ≥ 3
x3 - x2 ≥ 2
x4 - x2 ≥ 2
x5 - x3 ≥ 3
x6 - x3 ≥ 3
x7 - x5 ≥ 1
x7 - x6 ≥ 1
also : x1, ............ , x7 ≥ 0
Norton Company has accounts receivable of $40,000 in its general ledger at July 31: During August, the following transactions occurred. Aug. 1 Added 1% finance charges to $13,000 of credit card balances for not paying within the 30 day grace period. 15 Sold $21,000 of accounts receivable to Iron Factors Inc. who charge a 4% commission. 28 Collected $8,000 from Norton credit card customers which included $400 of finance charges previously billed.
Required:
a. Journalize the transactions.
b. Indicate the statement presentation of finance and service charges.
1.The journal entries to record the transactions of Norton Company during August are as follows:
Aug. 1 Debit Interest Receivable $130
Credit Interest Revenue $130
Aug. 15 Debit Accounts Receivable (Iron Factors Inc.) $20,160
Debit Sales Commission $840
Credit Sales Revenue $21,000
4% commission.
Aug. 28 Debit Cash $8,000
Credit Accounts Receivable (Norton credit card) $7,600
Credit Interest Receivable $400
2. The statement presentation of finance and service charges is as follows:
Income Statement:Interest revenue $130 (Credit)
Sales commission $840 (Debit)
Data and Calculations:Accounts receivable at July 31 = $40,000
Transactions:Aug. 1 1% finance charges to $13,000 = $130 ($13,000 x 1%)
Aug. 1 Interest Receivable $130 Interest Revenue (finance charges) $130
Aug. 15 Accounts Receivable (Iron Factors Inc.) $20,160 Sales Commission $840 Sales Revenue $21,000
4% commission.
Aug. 28 Cash $8,000 Accounts Receivable (Norton credit card) $7,600 Interest Receivable $400
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Liquidity ratios indicate the degree to which a firm can
A.generate sufficient profit from its assets.
B.produce adequate dividends.
C.satisfy its creditors in a timely fashion.
D.finance its assets.
Answer:
A
EXPLANATION:
The present value of the tax cost associated with the current sale of inventory for 50,000 and subsequent of Owl stock for 70,000
According to the question the present value of the tax cost would be $162,500.
What is tax cost?Tax cost is the amount of money paid to the government in the form of taxes. It is the amount of money that individuals, businesses, and other organizations must pay to the government based on their income, profits, or other activities. Tax costs can include income taxes, property taxes, sales taxes, payroll taxes, and other forms of taxes. Depending on the country or jurisdiction, different types of taxes may be included in the tax cost calculation.
The present value of the tax cost associated with the current sale of inventory for $50,000 and subsequent sale of Owl stock for $700,000 depends on the applicable tax rate in your jurisdiction.
Assuming a tax rate of 25%, the present value of the tax cost would be $162,500
($50,000 x 25% + $700,000 x 25%).
= $162,500.
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Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,080 Profit before tax na 420 Taxes (25%) na 105 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 If Decker had a financing deficit, it could remedy the situation by a. borrowing from retained earnings b. borrowing on its line of credit c. paying down its long-term debt d. buying back common stock e. paying a special dividend
Answer:
Decker Enterprises
If Decker had a financing deficit, it could remedy the situation by
b. borrowing on its line of credit
Explanation:
a) Data and Calculations:
Income statement Current Projected
Sales na 1,500
Costs na 1,080
Profit before tax na 420
Taxes (25%) na 105
Net income na 315
Dividends na 95
Balance sheets Current Projected Current Projected
Current assets 100 115 Current liabilities 70 81
Net fixed assets 1,200 1,440 Long-term debt 300 360
Common stock 500 500
Retained earnings 430 650
Total assets 1,300 1,555 Liabilities + Equity 1,300 1,591
Shortfall in projected assets = $36 ($1,591 - $1,555)
b) A company cannot borrow from retained earnings to remedy a financing deficit because financial deficits require external financing from stockholders, debt holders, or financial institutions. Ordinarily, options c, d, and e involve cash outflows. They cannot finance a financial deficit.
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities
Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,
Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.
Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.
Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.
When screening opportunities, aspiring entrepreneurs can follow a systematic approach:
Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.
Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.
Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.
Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.
Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.
Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.
Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.
Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.
Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.
Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.
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Qtr5g66677
Math problem
Answer:
The dot over a number signifies that it is a repeater which would go on for ever, as when we endeavor to describe 1/3 decimally as 0.33333 . . . . (etc)
With a series of numbers we place the dot over the first and last, as with 0.97979797979 . . . (etc)
The remarkable feature being that a proper fraction divided by 9s e.g. 46/99 is exactly equal to the numerator with the repeater sign followed by the decimal.
How should emit pay for the television? Be sure to use PACED decision making model and show your work.
From the illustration, Emit should pay for the television with the use of a store credit card. The reason for the use of the credit card for the payment of the television over 6 months period is that Emit should be paying $59.29 in interest and total pay of $598.29 within the 6 months.
How should emit pay for television?These figures in use are calculated as follows:
cost of television: $539.00
Rate 22% pa= $539 × (0.22 ÷ 12)
= $539 × (0.22 ÷ 12)
= $9.88/month
= $9.88 × 6
= $59.29
Total for 6 months
6 months= $539 + $59.29
= $598.29
On the other hand, should Emit use his credit card and pay the television off in 12 months (1 yr), he would pay an additional $118.58 in interest, therefore making a total of $657.58
This can be calculated as follows:
= $539 × 0.22
= $118.58
Total interest in 1 year
= $539 + $118.5
= $657.58
Conclusively, Emit should use the store card to pay the cost as there is no personal gain.
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Place in chronological order the lag phenomena associated with the use of fiscal policy to smooth business cycles.
a. signaling lag b. recognition lagc
c. impact lag
d. implementation lag
chronological order the lag phenomena associated with the use of fiscal policy to smooth business cycles are recognition lag, impact lag, and implementation lag.
What is chronological order?
The study of placing events in chronological order is known as chronology. Think about using a timeline or a list of events as an example. The "real temporal sequence of past occurrences" is also determined. A component of periodization is chronology. On Friday evening, there will be a rehearsal supper. We are hopeful that many of the visitors would then assist in cleaning up the area in preparation for tomorrow's wedding. The transition "afterward" in these phrases emphasizes a timeline of events. The same is true for dates when arranging items in chronological order; they are listed from the most recent and recent to the oldest.
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In which situation would a banker's draft be used?
A. When a person is traveling in another country and does not want
to carry a lot of cash
B. When a buyer doesn't want to wait for the seller to confirm that
funds exist in an account
C. When a buyer wants to purchase a large number of items at once and wants the seller to have quick access to funds
D. When the person making the payment wants money to be
available in the receiving bank's account
Banker's draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
What is bank draft?Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.
It can also be brought to another bank for remittance, it serves as evidence for transactions.
Therefore, a banker draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
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Answer:
D. When the person making the payment wants money to be
available in the receiving bank's account
Explanation:
A banker's draft is used as a guarantee of payment to another bank or financial institution. Nonetheless, when someone wants money to be available in the receiving bank's account they use a banker's draft.
Define ATS and describe its use.. Why would large companies
use an ATS ?
Answer:
An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.
An expansionary monetary policy affects aggregate demand
Select one:
a. indirectly, by increasing interest rates and decreasing the available quantity of loans, which reduces spending.
b. directly by decreasing investments.
c. indirectly, by lowering interest rates and increasing the available quantity of loans, which stimulates spending.
d. directly, by increasing government expenditure.
Financial contagion may results in lost integrity in the entire financial system. To prevent this from happening, the Fed may
Select one:
a. consult with private deposit insurance programs to cover the losses of insolvent banks.
b. forgive banks liabilities.
c. act as the lender of last resort to decrease the money supply.
d. act as the lender of last resort to make short-term emergency loans, as needed.
Q.1. Which of the following transactions and events would result in a deterioration in Price to earnings ratio?
A.issuing shares for cash
B. acquiring cash proceeds from a 10-year reducing balance loan
C. purchasing inventory on credit
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.2. which of the following transactions and events would result in a deterioration in Days Purchases Outstanding?
A. the receipt of cash for dividends from other entities
B. acquiring cash proceeds from a 10-year reducing balance loan
C. the purchase of machinery financed entirely by a reducing-balance bank loan
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.3. which of the following transactions and events would result in an improvement in Interest Coverage Ratio?
A. purchasing inventory for cash
B. a payment to a supplier for amounts owing on inventory previously purchased on credit
C.receiving cash for interest revenue previously accrued
D. A and B only
E. A and C only
F. B and C only
G. All of the above
None of the above
Q.4. which of the following transactions and events would result in a deterioration in Gross Profit Margin ?
A. payment to acquire shares in another business as a long-term investment
B. the payment of a dividend to the entity’s shareholders
C. an adjustment for accrued interest on a loan at the end of the period
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.5. which of the following transactions and events would result in an improvement in Quick Ratio?
A. making a payment of principal and annual interest on a reducing balance loan
B. issuing shares for cash
C. an adjustment for wages owing at the end of the period
D. A and B only
D. A and C only
E. B and C only
F. All of the above
G. None of the above
1. Option E, A and C only, would result in a deterioration in Price to earnings (P/E) ratio.
2. Option F, B and C only, would result in a deterioration in Days Purchases Outstanding (DPO).
3. Option E, A and C only, would result in an improvement in Interest Coverage Ratio (ICR).
4. Option H, None of the above. Payment to acquire shares or paying dividends would not affect gross profit margin.
5. Option D, A and B only, would result in an improvement in Quick Ratio.
1. Issuing shares for cash would increase equity, which may improve the P/E ratio, while purchasing inventory on credit could delay cash outflows and improve the P/E ratio. However, if both options were combined, issuing shares to purchase inventory on credit, then the increase in equity and the delay of cash outflows could both lead to a deterioration in the P/E ratio.
2.Acquiring cash from a reducing balance loan implies that the entity is borrowing money, without an average steady cash inflow, thereby increasing DPO. Likewise, purchasing machinery may decrease cash, thereby also increasing DPO.
3.Purchasing inventory for cash would free up, or conserve cash, thereby improving the ICR. Receiving cash for interest revenue previously accrued would increase cash inflows, thereby improving the coverage ratio.
4.Accrued interest would be reflected in interest expense, which is not included in gross profit margin.
5.The payment of principal and annual interest on a reducing balance loan would reduce liabilities. Issuing shares for cash would increase assets.
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Define the six sources of business law
Answer:
Explanation:
Sources of law are the origins of laws, the binding rules that enable any state to govern its territory. The term "source of law" may sometimes refer to the sovereign or to thUS Constitution. Constitutional law governs the interpretation of the US Constitution and its statutes.
Federal Statutes. Statutory law is the body of written laws that have been passed by the US Congress.
Common Law. US common law is also called case law. ...
Regulations of Federal Agencies. ...
International Treaties. ...e seat of power from which the law derives its validity.
Are marketing and sales the same in marketing
Answer:
marketing is building awareness of your organization and brand to potential customers. Sales is turning that viewership into a profit, by converting those potential customers into actual ones.
Explanation:
The ratio of shareholders funds to total assets of the company is called?
Answer:
share holder equity
Explanation:
it indicates how much of company's assets have been generated
10. Which of the following best describes a trial balance?