Explain the financial information contained in a Balance Sheet and explain how it is used.
Question:
Explain the financial information contained in a Balance Sheet and explain how it is used.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
The Balance Sheet measures the value or net worth of a ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
Question Posted:
Students also viewed these Business questions
-
Performance Water Pumps (PWP) is a leading manufacturer of water pumps with high capacity capability. These pumps are used in both civil and private disaster situations. PV/Ws primary market is...
-
Name two types of government agencies or organizations that monitor the financial information contained in Corporate Annual Reports.
-
Sam and his sister Blair both attend the state university. As a reward for their successful completion of the past year (Sam had a 3.2 GPA in business, and Blair had a 3.7 GPA in art), their father...
-
Owner Shan Lo is considering franchising her Happy Wok restaurant concept. She believes people will pay $5 for a large bowl of noodles. Variable costs are $1.50 a bowl. Lo estimates monthly fixed...
-
Ashley Technology Inc. manufactures a scrambling device for cellular telephones. The device's main component is a delicate part, CT140. CT140 is easily damaged and requires careful handling. Once...
-
If a taxpayer does not have enough tax liability to use all the available adoption credit, the unused portion may be carried forward for how many years? a. Two b. Three c. Five d. There is no...
-
(a) Study the nature of the velocity field arising from a pair of parallel vortex lines, with \(s_{1}=\) +1 and \(s_{2}=-1\), separated by a distance \(d\). Derive and discuss the general equation of...
-
McBurger, Inc., wants to redesign its kitchens to improve productivity and quality. Three designs, called designs K1, K2, and K3, are under consideration. No matter which design is used, daily demand...
-
Describe different types of approaches you can use when observing and gathering information about children's learning ?
-
You are taking a nap by the lake outside. Suddenly, you are startled awake by a strange sound. You swing your head toward the thumping of ducks dancing to The Shake n' Bake. You can't take your eyes...
-
Springhill Suites and Residence Inn properties complement each other by providing different experiences for travelers. Visit www. chicagorivernorthhotel.com to view more information on these new...
-
Describe working capital and capitalization, and explain what each is used for. Include the Balance Sheet accounts that are used in each process.
-
How do the auditors assess control risk for the investment process?
-
imagine that a Compliance Officer for a fictitious large group practice with many physicians, a C-Suite, and a Board of Directors. Write a memo. Actions To persuade members of the C-Suite and the...
-
Your proposed structure should emulate the market profile in your industry. It must also support internal equity of the new hires such as workers, supervisors, professionals, managers, functional...
-
Carry out the breadth first traversal of the following directed graph starting from Vertex a. Process vertices according to the alphabetical order. Draw the breadth first search tree. GB a d f g h
-
You have been asked to review the valuation of a privately-owned family business for an all-equity funded transaction. The analyst who valued the business arrived at a value of $200 million, based...
-
1- A tank with a capacity of 2000 liters, which pours 1500 liters of water per hour, a hole of water leaking 900 liters per hour, km How long does the tank take, even like me? 2- If a tap fills a...
-
Use the information from BE7.2, assuming Restin plc uses the net method to account for cash discounts. Prepare the required journal entries for Restin plc. Restin plc uses the gross method to record...
-
An access route is being constructed across a field (Figure Q8). Apart from a relatively firm strip of ground alongside the field's longer side AB, the ground is generally marshy. The route can...
-
Distinguish between production orientation and marketing orientation, illustrating with local examples.
-
Explain why a firm should view its internal activities as part of a total system. Illu s trate your answer for ( a ) a large grocery products producer, ( b ) a plumbing wholesaler, ( c ) a d e...
-
Give examples of some of the benefits and costs that might contribute to the customer value of each of the following products: (a) a wristwatch, (b) a weight loss diet supplement, (c) a cruise on a...
-
My company has equity beta of 0.56, 5.02% cost of (risk-free) debt, and market risk premium is 5% over the risk-free rate. D/(D+E) ratio is -31.7% and E/(D+E) ratio is 131.7%. Corporate tax rate is...
-
Discuss the main factors which a company should consider when determining the appropriate mix of long-term and short-term sources of finance in its capital structure.
-
Evaluate the impact of central bank interest rate policies, such as the federal funds rate in the United States or the repo rate in India, on various sectors of the economy, including consumption,...
Study smarter with the SolutionInn App