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Tutor profile: Tori B.

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Tori B.
Accountant
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Questions

Subject: Pre-Algebra

TutorMe
Question:

In a class of 20 kindergarteners, 12 of the students wore a red jacket. What percentage of students wore a red jacket?

Inactive
Tori B.
Answer:

12 out of 20 students wore a red jacket = 12/20 = 0.6 To create a percentage, we must move the decimal place to the right two times = 60%

Subject: Agricultural Economics

TutorMe
Question:

What are some examples of risks within the agricultural markets, and what is a strategy that could be used to mitigate that risk?

Inactive
Tori B.
Answer:

Anybody involved in agriculture knows the RISK that's involved, regardless if you're a grain, livestock, or specialty crop farmer. The first and foremost risk in agriculture is weather. The temperatures and environment have to be within a certain threshold in order to produce a favorable crop, which goes to feeding our human and animal population. On top of the weather risk, if one year produces a bad crop, it could easily bankrupt an operation or cause them to lend money from a bank to get by. One of the most important risk management tools that all agricultural companies should have is INSURANCE.

Subject: Accounting

TutorMe
Question:

What are the three main financial statements, and what are each of their purposes?

Inactive
Tori B.
Answer:

The three most commonly used financial statements are: - Balance Sheet: Shows what an individual or company OWNS (assets) vs. what they OWE (liabilities), which provides the amount of what the borrower is worth (equity). - Income Statement: Shows INCOME and EXPENSES for the given fiscal year. Will result in the amount of net profit. - Statement of Cash Flows: Shows the amount of CASH used throughout the given fiscal period through three different types of activities- operating, investing, and financing. If you have any additional questions regarding any part of this answer, I would love to take the time to clarify!

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