Information consists of raw facts, such as an employee number, number of hours worked in a week, inventory part numbers, or sales orders is called: ________

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Answer 1

Raw data includes facts like employee numbers, weekly hours worked, inventory part numbers, or sales orders. This type of information is referred to as data.

Data is a term used to describe a group of facts gathered through measurements, research, observations, or analysis. Facts, figures, names, and even descriptions of things are all acceptable. Data is organised into graphs, charts, or tables. Data scientists mine data and utilise it to analyse the world around them. Although data can be understood by robots, most of its relevance is lost to people when it is saved in a file or table. We rely on other people, documentation, data design, and data flows to completely comprehend a piece of data as it relates to the real world.

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Related Questions

you are considering staying in college another semester so that you can complete a major in economics. in deciding whether or not to stay you should

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When selecting whether or not to return to college for another semester, consider the following factors Tuition and related fees: You should carefully assess the financial cost.

of continuing your education for another semester, which includes tuition, books, and other expenses. Consider the opportunity cost of continuing your education for another semester, such as finding a job or pursuing other personal or professional interests. Consider if the additional knowledge and experience gained by majoring in economics would boost your professional prospects, including earning potential and job stability. Personal and academic objectives: Think about your personal and academic goals and if continuing your education for another semester would help you attain them. Consider the following time frame.

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Which of the following agencies regulates insider trading?

answer: SEC A

Which president founded the SEC?

answer: Franklin D. Roosevelt B

Why were the federal regulatory agencies founded?

answer: to restore trust in the economy as a result of the Great Depression C

Which of these can cause a fluctuation in your income? Select the two correct answers

answers: a raise in taxes, a raise in your salary A and D

What is the definition of economic change?

answer: a shift in the structure of an economic system B

Answers

The answer response are:

A. SEC (Securities and Exchange Commission) regulates insider trading.

B. Franklin D. Roosevelt founded the SEC.

C. Federal regulatory agencies were founded to restore trust in the economy as a result of the Great Depression.

A. A raise in taxes and a raise in your salary can cause a fluctuation in your income.

B. The definition of economic change is a shift in the structure of an economic system.

What is the SEC  about?

The SEC is an independent federal agency in the United States that is responsible for regulating the securities markets and protecting investors. The SEC has broad authority to enforce federal securities laws, regulate the securities industry, and oversee various types of investment products, such as stocks and bonds.

Therefore, Franklin D. Roosevelt was the 32nd President of the United States, serving from 1933 until his death in 1945. He is best known for his leadership during the Great Depression and World War II.

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if you borrow $6,000 for 4 years and agree to pay back $8000, what simple interest rate will you end up paying?

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8.33%  simple interest rate will you end up paying. Simple interest is calculated using the loan principle or the initial deposit into a savings account.

A creditor can only charge simple interest on the principal amount because it doesn't compound, and a borrower is never obligated to pay further interest on the interest that has already accumulated.  The simplest way to compute interest is as a percentage of the principal. For instance, if you borrow $100 from a friend and agree to pay back the money with 5% interest, the interest you would have to pay would simply be 5% of $100, or $5.

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aidan deposited $8,500 in an account today. if the account earns 8.5 percent per year, compounded annually, how many years will it take for the account to reach a balance of $138,720?

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It will take approximately 16.5 years for the account to reach a balance of $138,720.

A bond with a 25-year maturity paid 4.75% yielded $2,375 in interest. However, interest amounts to 6.17% yearly compounded after compounding on a monthly basis. The conversion between daily, biweekly, semimonthly, monthly, quarterly, semiannual, annual, and continuous (meaning an unlimited number of periods) compounding frequencies is supported by the compound interest calculator above. $16,400 was put by Carleen into a bank account with a 3.9% interest rate. You can use this compound interest calculator to predict how much you will make on your deposit. You need to be able to predict the outcome in order to make wise financial decisions. Knowing how to compute compound interest is useful for this reason. The compound interest formula is most frequently used in everyday life to calculate savings amounts.

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the tactic used for the socialization of terrorists and torturers where trivial requests are gradually worked up to more significant demands is known as the _____ technique.

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the tactic used for the socialization of terrorists and torturers where trivial requests are gradually worked up to more significant demands is known as the Graduated Pressure technique.

Here, correct answer will be

The Graduated Pressure technique is a tactic used for the socialization of terrorists and torturers.

It is an attempt to gradually gain compliance by starting with a series of small, trivial requests, and then gradually working up to more significant demands. This technique relies on the idea that people, especially those who may be more resistant to authority, respond better to gradually increasing requests than to sudden, large demands.

This technique is designed to increase the likelihood of compliance by making the requests more palatable and easier to follow. As the requests increase in size and intensity, the pressure on the target increases, making it more likely that they will comply.

This technique is seen as a way to socially "condition" individuals to obey authority, or to accept certain beliefs or behaviour . It is often used in situations where there is a high degree of resistance to authority, and can be used to gain information from those who may be reluctant to disclose it.

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three brokers agreed that they would not let a third broker show any of their listings. this action would be regarded as

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The agreement among the three brokers to prevent a third broker  would be considered anti-competitive and potentially a violation of antitrust laws.

Such behavior can lead to market inefficiencies, including higher prices, reduced innovation, and lower quality of goods and services for consumers.In many countries, anti-competitive behavior is illegal and can result insevere penalties for the violating parties. This includes fines, legal penalties, and in some cases, criminal charges.it is important for businesses to understand the consequences of engaging in anti-competitive behavior and to avoid taking any actions that may harm consumers or restrict competition. This includes agreements among competitors to limit market access, manipulate prices, or divide market share.Instead, businesses should focus on competing in the marketplace through fair and ethical means. This can include offering high-quality products, providing excellent customer service, and being competitive in terms of prices. By doing so, businesses can not only avoid legal consequences but also build a positive reputation and foster customer loyalty.

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brazil used tariffs to protect its auto industry in the 1950s. tariffs is _____

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Brazil used tariffs to protect its auto industry in the 1950s. tariffs are taxes levied on imports or exports.

Tax law or revenue regulation is an area of legal observation wherein public or sanctioned governments, including federal, national, al and municipal governments (as within the case of the united states) use a body of policies and approaches (laws) to assess and accumulate taxes in a felony context. The charges and merits of the numerous taxes, imposed with the aid of the authorities, are attained through the political method inherent in those bodies of power, and not at once resulting from the real area of tax regulation itself.

Tax law is a part of public regulation. It covers the application of present tax laws on people, entities, and groups, in areas wherein tax sales are derived or levied, e.g. income tax, estate tax, commercial enterprise tax, employment/payroll tax, assets tax, present tax, and exports/imports tax. There have been a few arguments that purchaser regulation is a higher way to engage in huge-scale redistribution than tax regulation as it does now not necessitate legislation and may be extra efficient, given the complexities of tax regulation.

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angela tells ralph that bob has received more high-stakes claims than her recently. this is related to which component of the job characteristics theory?

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B. meaningfulness of work. The significance of the goals of work in people's attitudes and worldviews is what is meant by the term "meaningfulness of work."

Three employment characteristics—skill variety, task identity, and task significance—have an impact on experienced meaningfulness. The degree to which completing the tasks of the job involves the utilization of a variety of the jobholder's abilities and talents is referred to as skill variety. Work that challenges one's skills and abilities is generally felt to have more significance than work that is straightforward and ordinary. The degree to which a task necessitates completion of a whole and recognizable piece of work—completing a task from start to finish with an obvious result—is referred to as the task identity.

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Complete question- Angela tells Ralph that Bob has received more high stakes claims than her recently. this is related to which component of the job characteristics theory?

A. autonomy

B meaningfulness of work

C knowledge of results

D feedback

E responsibility for outcomes

9) Which is a risk of being a stockholder?

A) may not get an increase in the amount of one's investment
B) can increase investment if the price of one's stock goes up
C) might receive dividends when the company makes a profit
D) able to vote for members of the board of directors

Answers

Answer: A.

Explanation:

The answer to this problem is A. The answer is A because B, C, and D are all positive parts of being a stockholder whereas A is negative.

A) may not get an increase in the amount of one's investment is a risk of being a stockholder.

Stockholders or shareholders are investors who own a portion of a company's equity, represented by shares of stock. While being a stockholder comes with potential benefits such as capital gains, dividends, and voting rights, it also carries risks.

One of the most significant risks of being a stockholder is that the value of the stock can decrease, and the stockholder may lose some or all of their investment. This can happen due to a variety of factors, such as changes in the market, the company's financial performance, or global events that impact the economy.

Therefore, A) may not get an increase in the amount of one's investment is the risk of being a stockholder.

Why should businesses be socially responsible? Give any two reasons.

Answers

Answer:

Embracing CSR increases customer retention and loyalty, increases employee engagement, improves brand imaging, attracts investment opportunities and top talent, and makes a difference for bottom-line financials.

Explanation:

Yeah.

consumer finance companies specialize corporate stock . consumer loans . financial disintermediation . residential mortgages . g

Answers

Consumer Finance Companies (CFCs) Personal installment loans and second mortgages are the focus of consumer finance companies.

Consumers with no credit history can frequently borrow without collateral from CFCs.

A consumer loan is a loan made to consumers to help them finance specific types of expenses.

A consumer loan, in other words, is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the borrower's assets) or unsecured (not backed by the assets of the borrower).

Mortgage, auto loan, education loan, personal loan, refinance loan, and credit card are the most common types of consumer loans.

Consumer Financing Company Types

Time commitment.

Amazon Credit (recently purchased by JP Morgan Chase)

Finance Aqua.

Navy Federal Savings and Loan Association.

Credit for Care.

Ford Financial Services.

Toyota Financial Services Inc. (and other auto manufacturers, service providers for consumers purchasing vehicles, and automobile finance companies)

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many retail stores offer to match or beat the price offered by a rival store. explain why firms that belong to a cartel might make this offer?

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Many retail stores offer to match or beat the price offered by a rival store. Firms that belong to a cartel might make this​ offer because it D. helps detect cheating on cartel agreements.

A cartel is a group of independent market actors who work together to increase their earnings and dominate the market. Cartels are typically associations in the same industry, and hence an alliance of competitors.

Most authorities consider it anti-competitive behavior and have prohibited it. Price fixing, bid rigging, and output reductions are all examples of cartel conduct.

Cartel theory is an economic ideology that studies cartels. Cartels differ from other types of cooperation or anti-competitive organization, such as corporate mergers.

Cartels have numerous structures and purposes that, in theory, allow firms to navigate and regulate market uncertainty while gaining collusive profits within their industry. A typical cartel frequently necessitates what is known as a CAU by competition regulators.

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Correct question:

Many retail stores offer to match or beat the price offered by a rival store. Explain why firms that belong to a cartel might make this​ offer?

Agreeing to matching lower prices reported by customers

A. is a way of punishing customers.

B. limits price retaliation among cartel members.

C. is a form of tacit collusion.

D. helps detect cheating on cartel agreements.

.E. is irrational behavior.

what is the goal of strategic planning? select one: a. consumer and company relationships b. environmental-friendly community work c. long-run profitability and growth d. financial success

Answers

The thing of strategic planning is long- run profitability and growth. therefore, strategic opinions bear long- term commitments of coffers. Strategic planning provides a long- term vision and therefore attendants long- term commitment of coffers.

Long- term profitability focuses lower on asset deals and further on business planning. Since long- term profitability can affect a company's growth, the fiscal pretensions of the company are generally a factor when determining long- term profitability.

What's the difference between growth and profitability?

Profitability and growth go hand- in- hand when it comes to success in business. Profit is crucial to introductory fiscal survival as a commercial reality, while growth is crucial to profit and long- term success. Investors should weigh each factor as it relates to a particular company.

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the leadership team is meeting to determine the vision for the future of the organization. which is the very first step in any strategic planning process

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Any approach for strategic planning must begin with the realisation of the need for change.

An effective planning procedure is what?

An organization's leaders develop their future vision and decide on their goals and objectives through the process of strategic planning. To enable the organisation to attain its stated vision, the process also identifies the order in which those objectives should be accomplished.

In what way does strategic planning serve its primary purpose?

Setting general corporate objectives and creating a plan to attain them are the two aims of strategic planning. It entails stepping back from daily operations and considering the direction and priorities for your company.

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A new bill from a group of house conservatives would abolish the current tax system and charge americans which single tax?

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A new bill from a group of House conservatives could propose the implementation of a single tax, such as a flat tax or a national sales tax, to replace the current tax system.

A flat tax is a system where all taxpayers pay the same tax rate, regardless of their income level. This type of system is often marketed as a simpler, more straightforward alternative to the current tax system, as it eliminates many of the deductions, credits, and exemptions that are a part of the current tax code.

A national sales tax, also known as a value-added tax (VAT), would replace income and payroll taxes with a tax on the sale of goods and services. This type of tax would be applied at each stage of production, from the raw materials to the final sale to the consumer.

While the idea of a single tax system may seem appealing for its simplicity, it's important to consider the potential consequences of such a system. For example, a flat tax could result in a significant reduction in tax revenue, as the government would collect less money from higher-income taxpayers.

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true or false: bribery is a business practice unanimously held as an ethical violation across the globe.

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Answer:True

Explanation:

Bribery is a corporate technique that is universally condemned as unethical across the board True.

Which of the following would be a moral transgression?

Other types of ethics infractions include revealing confidential information, releasing proprietary information, and engaging in discrimination. While undoubtedly unethical, actions like bribery, forgery, and theft fall under the category of criminal behavior and are frequently handled outside of the organization.

Which two assertions regarding bribes are true?

Bribes are a type of corruption that gives a power figure something for themselves. It occurs more frequently in nations with less developed economies.

What assertion about business ethics is accurate?

All commercial practices that society deems unethical must be illegal. Personal and professional ethics are interchangeable. The stakeholders in a company as well as the organization itself define what conduct is appropriate in business.

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what is this new smart contract address approval on uniswap 0xef1c6e67703c7bd7107eed8303fbe6ec2554bf6b

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The Ropsten, Rinkeby, Gorli, and Kovan testnets, as well as the Ethereum mainnet, all host the UniswapV2Router02 at 0x7a250d5630B4cF539739dF2C5dAcb4c659F2488D address.

How do Uniswap contracts operate?

In accordance with the GPL, Uniswap is open-source software. A liquidity pool made up of reserves of two ERC-20 tokens is managed by each Uniswap smart contract, or pair. A liquidity provider (LP) is a person who deposits an equivalent amount of each underlying token in exchange for pool tokens, thereby becoming a liquidity provider (LP) for a pool.

Uniswap swapping is it secure?

Due to its decentralised nature and Ethereum-based construction, which gives it the same level of security as the Ethereum blockchain, Uniswap Exchange is exceptionally secure. Decentralization prevents hackers from targeting a single server to acquire users' data.

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if peanuts serve as a medium of exchange, a unit of account, and a store of value, then peanuts are money. bank deposits. loanable funds. reserves.

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If peanuts serve as a medium of exchange, a unit of account, and a store of value, then peanuts are money. The correct option is A.

The money is the medium of exchange, we can buy or sell by taking or giving money. It is accepted by the general consent that it is the exchange or economic exchange of medium.

The medium of exchange is currency, paper money, unit of account, representative money, silver coin, commodity money, commerce, coin, demand deposit and cryptocurrency. Then, the per peanut act like the one coin as the money.

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a firm has net working capital of $420, net fixed assets of $2,166, sales of $5,300, and current liabilities of $730. how many dollars worth of sales are generated from every $1 in total assets?\

Answers

$1.60 worth of sales are generated from every $1 in total assets.

Total assets= Fixed assets + Net working capital + current liabilities.

3316 = 2166 + 420 + 730.

Total assets turnover = Net sales / Total assets.

= 5300 / 3316 = 1.6.

What is total assets turnover?

Asset turnover, total asset turnover are financial ratios that assess how effectively a company utilizes its assets to produce sales revenue or other forms of cash for the business. Asset turnover is regarded as an Activity Ratio, a collection of financial ratios that assesses the effectiveness with which a business utilizes its assets. Asset turnover can be further broken down into two categories: working capital turnover and fixed asset turnover. Working capital turnover measures how a business uses its current assets minus its obligations to produce revenue.

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if gabby's mother places the highest value on convenience when looking for a cup of coffee, which of the marketing mix components is she most concerned with?

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If Gabby's mother places the highest value on convenience when looking for a cup of coffee, the marketing mix components is she most concerned with Place.

Which component of the marketing mix refers to a good product or concept that meets the needs of consumers?

The four Ps of the marketing mix are these four components: Product: a good, service, or concept that satisfies the needs of the consumer. Price: the amount paid in exchange for the good. A channel of contact between the seller and the buyer is promotion.

Which marketing mix component is most pertinent to the action that creates value?

Promotion (communicating value), Product (generating value), Price (collecting value), and Place make up the marketing mix (delivering value).

Which of the following best describes the function of the marketing mix's promotion component?

Promotions play a crucial role in the marketing mix. Promotions typically concentrate on how to grab customers' attention and persuade them to act or make a purchase through eCommerce or other channels.

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absolute: make the most (if using similar resources). comparative outputs: lowest opportunity costs comparative inputs: least resources or effort needed to make one unit

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Yes, that's correct. It refers to the maximum production with comparable resources, in other words.

Absolute advantage in economics is the capacity of a person, business, or nation to create a certain item or service more effectively than rivals while using the same quantity of resources.

Contrarily, "comparative advantage" refers to the capacity of a person, business, or nation to create a certain commodity or service at a lower opportunity cost than rivals. The lowest potential cost of creating an item or service is what is meant, in other words.

Last but not least, "comparative inputs" refers to the least quantity of materials or labor required in comparison to others to create one unit of an item or service. This idea and the notion of "returns to scale," refers to the relationship between the increase in inputs and the increase in outputs.

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now suppose the interest rate is 12 percent. among these three students, the quantity of loanable funds supplied would be $ , and quantity demanded would be

Answers

Student Money a Year Later (Dollars)

Shen 1040

Antonio 1070

Caroline 1150

How did we arrive at these values?

Shen 1.04*1000= $1040

Antonio 1.07*1000= $1070

Caroline 1.15*1000 =$1150

A student would choose to be a lender in this market if his or her expected rate of return is (greater) than r.

Suppose the interest rate is 6 percent. Among these three students, the quantity of loanable funds supplied would be, ($1000) and quantity demanded would be. ($2000)

Now suppose the interest rate is 12 percent. Among these three students, the quantity of loanable funds supplied would be, ($2000) and quantity demanded would be ($1000).

At an interest rate of (7%), the loanable funds market among these three students would be in equilibrium. At this interest rate (Caroline), would want to borrow, and (Shen) would want to lend.

Student Money a Year Later (Dollars)

Shen 1070

Antonio 1070

Caroline 1230

Shen 1.07*1000= $1070

Antonio 1.07*1000= $1070

Caroline 1.15*2000 – 1.07*1000 =$1230

False.

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The complete question goes thus:

Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates of return on the students’ investment projects:

Student Return(Percent)

Shen 4

Antonio 7

Caroline 15

Assume borrowing and lending is prohibited, so each student uses only personal saving to finance his or her own investment project.

Complete the following table with how much each student will have a year later when the project pays its return.

Student Money a Year Later(Dollars)

Shen (....)

Antonio (....)

Caroline (....)

Now suppose their school opens up a market for loanable funds in which students can borrow and lend among themselves at an interest rate r

A student would choose to be a lender in this market if his or her expected rate of return is (...) than r

Suppose the interest rate is 6 percent.

Among these three students, the quantity of loanable funds supplied would be, (....) and quantity demanded would be. (....)

Now suppose the interest rate is 12 percent.

Among these three students, the quantity of loanable funds supplied would be, (....) and quantity demanded would be (....).

At an interest rate of (..%), the loanable funds market among these three students would be in equilibrium. At this interest rate (....), would want to borrow, and (....) would want to lend.

Suppose the interest rate is at the equilibrium rate.

Complete the following table with how much each student will have a year later after the investment projects pay their return and loans have been repaid.

Student Money a Year Later(Dollars)

Shen (....)

Antonio (....)

Caroline (....)

True or False: Only borrowers are made better off, and lenders are made worse off.

what are reasons why a well-managed company sometimes attempts to reduce its current ratio? (choose every correct answer.)

Answers

current ratio = current assets / current liabilities

Analysts analyse a company's current assets to its current liabilities to determine the ratio.

Cash, accounts receivable, inventory, and other current assets (OCA) that are anticipated to be liquidated or converted into cash in less than a year are all examples of current assets that are included on a company's balance sheet.

Accounts payable, wages, taxes due, short-term loans, and the current portion of long-term debt are all examples of current liabilities.

A liquidity ratio called the current ratio assesses a company's capacity to settle short-term debts or those that are due within a year. It explains to investors and analysts how a business can use its present assets to the fullest extent possible to pay down its current liabilities and other payables.

In general, an appropriate current ratio is one that is comparable to the industry norm or just a little bit higher. The likelihood of distress or default may be increased by a current ratio that is lower than the industry average. In a similar vein, if a company's current ratio is significantly higher than that of its peer group, it suggests that management might not be making the most use of its resources.

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graduating from college, getting married, and having a child all transform an individual's buying habits and are referred to as the .

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The lifestyle cycle is a concept that describes how an individual's buying habits change as they progress through major life events.

These events include graduating from college, getting married, and having a child. Each of these life events can have a significant impact on how an individual spends their money.

For example, when graduating from college, an individual may start to focus more on spending money on furniture and home goods for their new living situation. After getting married, the individual may focus more on purchasing items that will support their new family such as clothes and toys.

Lastly, after having a child, the individual may begin to focus their spending on items that are specifically related to their child such as diapers, formula, and clothing.

The lifestyle cycle is an important concept to understand in order to better target specific consumers with marketing campaigns and product offerings.

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german firms import machinery from the uk. what will happen to the supply of german goods manufactured using machinery from the uk, if the value of the euro falls against the british pound?

Answers

If the euro falls in value versus the British pound, German enterprises will face higher import costs from the UK. This would raise the cost of machinery used in German production.

reducing the supply of German goods. As the price of machinery rises, German enterprises may seek other suppliers or be obliged to cut the number of commodities produced, resulting in a reduction in the supply of German goods. Alternatively, if German enterprises are unable to locate other suppliers or lower the cost of their machinery imports, they may pass on the additional cost to customers in the form of higher prices, reducing the amount of German products requested and, therefore, decreasing demand for German goods..

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why is it safe to assume that national defense will always be provided by the government instead of the market

Answers

Because national security is a public good and can only be fully and equitably provided by the government, it is safe to infer that national defence is the responsibility of the government.

If the market assumes responsibility, then the public would be obligated to foot the bill for security. Government generally delivers a public good for a number of reasons. The first is that it is defence to prevent people from consuming an item that demonstrates the qualities of a public good. Consider a scenario where a private company offers police protection to a certain neighbourhood in a city.

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Which resource management task establishes and maintains the readiness of resources?

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A resource management task called "Reimburse and Restock" establishes and maintains the readiness of resources and makes sure that providers are paid on schedule.

Reimbursement procedures play a crucial role in establishing and maintaining resource readiness as well as the ability to pay suppliers on time. In agreements for mutual aid and assistance, reimbursement policies are frequently spelled out. Restocking means replenishing used-up supplies.

It establishes and keeps up the readiness of the resources that are at hand.  It gathers invoices and confirms expenditure costs. It ensures on-time payment of resource providers.

It also Gathers invoices and confirms costs. It helps in Ensuring that resource suppliers are compensated promptly and restocked by changing out or fixing broken equipment.

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wise eyes corporation has developed a new oral supplement to prevent macular degeneration. which type of legal protection grants wise eyes corporation exclusive rights for a defined period to the manufacture, use, or sale of this new supplement?

Answers

A patent is type of legal protection grants wise eyes corporation exclusive rights for a defined period to the manufacture, use, or sale of this new supplement.

It gives the patent holder the exclusive right to prevent others from making, using, selling, importing or offering for sale the claimed invention without their permission. In exchange for this exclusive right, the patent holder must publicly disclose the details of the invention so that others can learn from it.

The purpose of a patent system is to encourage innovation and technological progress by providing inventors with an incentive to invest time, effort, and resources into the development of new ideas and products.

By obtaining a patent, inventors can protect their invention and enjoy the benefits of their investment, such as being able to commercially exploit their invention by selling it or licensing it to others.

The patent examination process is designed to ensure that only truly novel and non-obvious inventions are granted patents. The examination process typically involves a review of the patent application by a patent office to determine whether the invention meets the legal requirements for a patent, such as novelty, non-obviousness, and usefulness.

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Residual income means that you have to work for your money.

A. True
B. False

Answers

The answer is true because the economic value is determined by deducting the cost of the capital.

Answer:

Answer:A. true

Explanation:

Residual income is not free money. It requires an upfront investment of money,hard work,or sweat equity but once that work is completed,a stream of income has been established that takes little or no effort to maintain.

Actual meaning of Residual income:it's your monthly income minus your monthly debts, like mortgage payment and credit bills.

Extra tip:Advantage of Residual income:it builds your savings.

Lorna just finished compiling her company’s income statement for the month ended march 31. her next step in preparing the company’s financial statements should be to:__________

Answers

Lorna's next step in preparing the company's financial statements should be to compile the balance sheet.

What is balance sheet?

The balance sheet provides a snapshot of the company's financial position at a specific point in time, and is typically prepared in conjunction with the income statement. The balance sheet reports the company's assets, liabilities, and equity, and helps to show the overall financial health of the company by demonstrating its ability to pay its debts and meet its obligations

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