MATH 533 Week 1 Discussion; The Balance Sheet

$10.00

Contributor

Mike Mentzer

Category

Mathematices

Course

MATH 533 Applied Managerial Statistics

Institute

DeVry

Pages

6

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Week 1: The Balance Sheet What is the purpose of the balance sheet? Be sure to discuss the three key elements that make up the balance sheet. How does the balance sheet related to the income statement? 614172047029View Instructor posts View My Posts Search entries or author Filter replies by unread UnreadCollapse replies Expand replies Subscribed • Collapse SubdiscussionJamila Thrash Jamila Thrash Oct 24, 2021Local: Oct 24, 2021 at 10:46am<br>Course: Oct 24, 2021 at 8:46am Manage Discussion Entry Hi all, The balancing statement is a document that contains a summary of all of the relevant information pertaining to a business or organization. The three major elements of a balance sheet are the assets, the liabilities and the net worth. The balance sheet is related to the income statement because while the income statement depicts revenue and expenses the balance sheet will be able to depict the summary of that information. The income statements main purpose is to monitor how much money and profit the business is generating and whether it’s substantial to maintain the businesses success. o Collapse SubdiscussionShane Ball Shane Ball Oct 25, 2021Local: Oct 25, 2021 at 7:51am<br>Course: Oct 25, 2021 at 5:51am Manage Discussion Entry Great job Jamila being the first in the discussions! ▪ Collapse SubdiscussionBrigitt

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