a corporation reported cash of $14,000 and total assets of $178,300 on its balance sheet. its common-size percent for cash equals: a) 0.0785%. b) 7.85%. c) 12.73%. d) 1273%. e) 7850%. group of answer choices

Question

28-10-2022
Business

contestada

a corporation reported cash of $14,000 and total assets of $178,300 on its balance sheet. its common-size percent for cash equals: a) 0.0785%. b) 7.85%. c) 12.73%. d) 1273%. e) 7850%. group of answer choices

Respuesta :

Otras preguntas

sarosh receives 8% commission on the final price of the clothing he sells . a customer bought a $45.00 coat the was marked 20% off and a $95.00 suit that was ma

Company A rents copiers for a monthly charge of $360 plus 12 cents per copy. Company B rents copiers for a monthly charge of $720 plus 6 cents per copy. What is

Inverse function for f (x) = square root 2x-6

Company A rents copiers for a monthly charge of $360 plus 12 cents per copy. Company B rents copiers for a monthly charge of $720 plus 6 cents per copy. What is

Which describes the type of relations the Chinese and the Japanese had from around 600 A.D. to 800 A.D.?

The Law of Diminishing Marginal Utility is best shown by which of the following examples? I. Mary is happier after buying her fifth pair of shoes than she was a

Explain the importance of Jim crows laws and how these laws contributed to segregation

We have already spoken… of the lunar month as the period during which the moon returns to the same position with respect to the sun; more precisely this period

Which statement correctly explains why the smooth ER is considered smooth? It is not responsible for assembling proteins. It does not have ribosomes atta

Ginger's cat gave birth to a kitten that weighed ounces when it was born. On the day Ginger sold the kitten to its new owner, it weighed ounces. How many ounc

sapanpandit sapanpandit · Answer 1 · 2022-11-04T07:57:45+01:00

B. 7.85% is the is its common-size percent for cash (14000÷178300)×100

Line items are shown as a percentage of a single chosen or common figure in a financial statement of common size. A balance sheet will contain different line items depending on the type of firm and the industry. Since all businesses in a given industry deal with the same kinds of transactions, the line items utilised for their balance sheets will typically be comparable.

It is simpler to study a company over time and evaluate it against its competitors when financial statements are created in a common size. One can identify trends that a raw financial statement might not reveal by using financial statements of a common size.

Learn more about common size percent here:

https://brainly.com/question/27406789

#SPJ4