20212020Usage sales57005300Other miscellaneous revenue for the financial year300200Total revenue for the year60005500Cost of use sold26802600Customer and inventory impairment loss250220GROSS REMUNERATION AND EMPLOYER'S CONTRIBUTIONS800750Impairment provisions for the financial year5030Financial costs for the financial year300280Total operating expenses900800Net profit for the financial year49804680Balance sheet data1020820Fixed assets and investments20001700Goods400250Customers minus accumulated impairment6961100Customer promissory notes and bills of exchange300700Cash and trading portfolio200350Total assets35964100 How long is the defensive period of the operation in 2021 (360days)

Defensive Period The defensive period is also known as the "defensive interval period" or…

Answered: How long is the defensive period of the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	2021	2020
Usage sales	5700	5300
Other miscellaneous revenue for the financial year	300	200
Total revenue for the year	6000	5500
Cost of use sold	2680	2600
Customer and inventory impairment loss	250	220
GROSS REMUNERATION AND EMPLOYER'S CONTRIBUTIONS	800	750
Impairment provisions for the financial year	50	30
Financial costs for the financial year	300	280
Total operating expenses	900	800
Net profit for the financial year	4980	4680
Balance sheet data	1020	820
Fixed assets and investments	2000	1700
Goods	400	250
Customers minus accumulated impairment	696	1100
Customer promissory notes and bills of exchange	300	700
Cash and trading portfolio	200	350
Total assets	3596	4100

How long is the defensive period of the operation in 2021 (360days)

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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