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2 years ago

Is the person responsible for general financial accounting, managerial accounting, and tax reporting.

Business

1 answer:

wlad13 [49]2 years ago

6 0

The CFO is usually responsible for general financial accounting, managerial accounting, and tax reporting.

<h3>What is the function of CFO?</h3>

The CFO can be described as one that is responsible for how the company's internal controls as well as the risk management policies are going to be functional to the maximum.

In conclusion, the CFO is responsible for all of the company's financial concerns , hence, The CFO is usually responsible for general financial accounting, managerial accounting, and tax reporting.

Learn more on CFO at:

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Answer:

6.062189766%

Explanation:

$(1+\frac{.059}{12})^{36}=(1+i)^3\\$

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3 years ago

Suppose a new recreational neighborhood park would cost $20,000, including opportunity costs, to construct and maintain. if b

oksian1 [2.3K]

The decision to build the park or not would be based solely on the cost – benefit relationship of this project. Since there is no other factor considered in this problem, you only need to see if the benefit of constructing the park would exceed its cost. In this problem, the cost to construct the park is $20,000 while the marginal benefit would be $24,000 ($8,000 x 3 families that can benefit from this project). Therefore, you can say that the benefit has exceeded its cost. As a conclusion, the neighborhood park should be built because it benefits the families living in that area more than its cost.

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3 years ago

What is the purpose of subheadings in a application?

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3 years ago

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According to henry mintzberg, a management scholar, most firms do not realize their original intended strategy. group of answer

Ksivusya [100]

The statement According to henry mintzberg, a management scholar, most firms do not realize their original intended strategy is: False.

<h3>What is intend strategy?</h3>

Intend strategy can be defined as the strategy a company or an organization plan to achieve.

Most companies tend to often realize their intended strategy as this will help them to achieve their set goals and objectives.

Therefore the statement According to henry mintzberg, a management scholar, most firms do not realize their original intended strategy is: False.

Learn more about intend strategy here:brainly.com/question/23945932

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2 years ago

A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plan

andrew11 [14]

Answer:

The net cash provided or used by operating activities is equal to $148,600.

Explanation:

The net cash provided or used by operating activities can be calculated using the indirect method as follows:

XTZ Co,

Calculation of The Net Cash Provided or Used by Operating Activities

(Indirect Method)

For the Year ....

<u>Particular Amount ($) </u>

Net income 134,000

Adjustment to reconcile net income:

Depreciation expense 30,000

Gain on sale of plant assets (4,000)

(Increase) decrease in current assets:

Decrease in accounts receivable 9,400

Increase in merchandise inventory (18,000)

Increase in prepaid expenses (6,200)

Increase (decrease) in current liabilities:

Increase in accounts payable <u> 3,400 </u>

Net cash provided or used by operating activities <u> 148,600 </u>

Therefore, the net cash provided or used by operating activities is equal to $148,600.

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3 years ago