What happens when total revenue equals total cost?
A firm’s break-even point occurs when at a point where total revenue equals total costs. Break-even analysis depends on the following variables: Selling P...
What is the review of financial records and statements to make sure the information is accurate as reported?
What is an independent audit? Auditors review and evaluate the standards used to prepare a company’s financial statements. An independent audit is conduct...
Who is the owner of Mark and Spencer?
Marks and Spencer’s CEO is Steve Rowe, who has been in the position since April 2, 2016. According the official website, Mr Rowe has over 30 years of reta...
Is a bank reconciliation a financial statement?
A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The sta...
Are treasury shares included in market cap?
The amount of treasury stock doesn’t matter. The market cap is the equity value of the company. How do you record treasury stock on a balance sheet? Under...
Which company made the most profit in 2020?
1. Apple (NASDAQ:AAPL) While it may have profits of $57.2 billion, which are less than Berkshire Hathaway, its return on assets at 17.85% is the highest i...
What are the 4 types of tort?
Types of torts Intentional torts. Property torts. Dignitary torts. Economic torts. Nuisance. Negligence. Duty to visitors. Strict liability torts. What is...
Should a transaction be first recorded in journal or ledger Why?
A transaction should be recorded first in a journal because journal provides complete details of a transaction in one entry. Further, a journal forms the ...
What is a sentence with have example?
Have sentence example “You have done well” said his grandfather. You’ll all have to walk. It is a little speech that I have written for him. Where in the ...
What is provision for bad debts adjustment?
The provision for doubtful debt shows the total allowance for accounts receivable that can be written off, while the adjustment account records any change...
