How can an income statement help you stay solvent?

What will be an ideal response?


Answer: An income statement can help you stay solvent by indicating whether or not you're earning more than you spend. If you're spending too much, your income statement will show you exactly where your money is going, which will allow you to quickly spot any problem areas. If you do not spend frivolously, your income statement will indicate how much of your income is available for saving and for meeting financial goals.

Business

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Broadbanding:

A. allows lateral movement of employees B. makes mergers and acquisitions an elaborate and a difficult process C. does not support boundaryless organizations that have eliminated layers of managerial jobs D. fails to provide flexibility in defining job responsibilities E. does not allow cross-functional growth

Business

Which of the following physical distribution functions involves design and operation of facilities for storing goods?

A. Order processing B. Materials handling C. Transportation D. Warehousing E. Inventory management

Business

You bought a stock for $28.29 that paid the following dividends? Year            1       2        3 Dividend  $1.00  $1.50  $1.80 After the third year, you sold the stock for $35. What was the annual rate of return?

What will be an ideal response?

Business

Outsourcing can include having a firm develop and run another firm's application on its computers

Indicate whether the statement is true or false

Business