This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What equation is fundamental to a balance sheet? What will be an ideal ... (Read 80 times)

gbarreiro

  • Hero Member
  • *****
  • Posts: 566
on: Jul 21, 2018
What equation is fundamental to a balance sheet?
 
  What will be an ideal response?

Question 2

How is net profit or loss calculated?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 21, 2018
Answer to Question 1

The equation for the balance sheet is: assets = net worth  liabilities.

Answer to Question 2

Net profit or loss is calculated as gross profit minus total expenses.


gbarreiro

  • Member
  • Posts: 566
Reply 2 on: Jul 21, 2018
Thanks for the timely response, appreciate it

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

How to find the equation of a line passing through two points How to find the equation of a line passing through two points
A model for mixed inhibition: equation A model for mixed inhibition: equation
Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine Normal (A) and Abnormal (B) Balance between Dopamine and Acetylcholine
Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π Algebraically solve the equation sec^2 θ-2=0 such that -π ≤ θ ≤ π
Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1 Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1
Renal regulation of sodium and potassium balance Renal regulation of sodium and potassium balance
Video: Fractures Animation

For a complete list of videos, visit our video library