All categories

2 years ago

Financial statements can be prepared _____. (select all that apply.) multiple select question.

1 answer:

8 0

Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.

<h3>What is financial statement?</h3>

Financial statement help to summarize the financial position of a business and it as well help to show the day to day transaction of a company or day to day activities of a business at a particular period of time.

Financial statement of a company can be prepared more that once in a year and financial statement may tend to have fiscal year end that is other than last month of the year which is 31st December.

Therefore Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.

Learn more about financial statement here:brainly.com/question/21307159

#SPJ1

The complete question is:

Financial statements ______. (Select all that apply.)

a. must have a calendar year end of December 31

b. may be prepared more than once a year

c. may have a fiscal year end other than December 31

d. are prepared just once a year

You might be interested in

Ms. Finkel has suggested that if given sufficient resources, she could redesign the production process to reduce the percentage

liubo4ka [24]

Explanation:

To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of 1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is $p(x \geq 5) \leq 0.01$

We know that for p = 0.8, $p(x \geq 5) = 0.0452$

Now using binomial simulation, we can determine that $p(x \geq 5) \leq 0.01$ for p = 0.0452

So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.

8 0

3 years ago

Assume that the reserve requirement for the commercial banks is 25%. If the Federal Reserve Banks buy $3 billion in government s

faltersainse [42]

Answer:

The lending ability will increase by $2.25 billion.

Explanation:

The reserve requirement is given at 25%.

If federal reserve bank buys $3 billion in government securities, the total reserve will increase by $3 billion.

The excess reserve will be

=Increase in total reserve-required reserve

=$3 billion-25% of $3

=$(3 billion- .25*3) billion

=$(3-0.75) billion

=$2.25 billion

5 0

3 years ago

Which of the following describes the goal that should be pursued when setting transfer prices? Minimize opportunity costs. Maxim

nata0808 [166]

Answer:

Establish incentives for autonomous division managers to make decisions that are in the overall organization's best interests (i.e., goal congruence).

4 0

4 years ago

Read 2 more answers

More Hits Company manufactures aluminum baseball bats that it sells to university athletic departments. It has developed the fol

yuradex [85]

Answer: See explanation

Explanation:

AP = 4.15

SP = 4.0

SQ = 114000 × 2 = 228000

1. Direct Materials Price

= (AQ × AP) - (AQ × SP)

= (246000 × 4.15) - (246000 × 4.0)

= 1020900 - 984000

= 369000 U

2. Direct Materials Quantity

= (AQ × SP) - (SQ × SP)

where SQ = 114000 × 2 = 228000

= (220000 × 4.0) - (228000 × 4.0)

= 880000 - 912000

= 32000 F

3. Direct Labor Price

= (AH × AR) - (AH × SR)

= (58700 × 9.8) - (58700 × 10)

= 575260 - 587000

= 11740

4. Direct Labor Quantity

= (AH × SR) - (SH × SR)

where, SH = 114000 × ½ = 57000

= (58700 × 10) - (57000 × 10)

= 587000 - 570000

= 17000 U

5. Total Overhead Variances

= 352000 - (57000 × 6)

= 352000 - 342000

= 10000 Unfavorable

Check attachment for further details

8 0

3 years ago

Solar Solutions, a U.S.-based company, is planning to expand operations to a foreign country. Considering the factors that make

DaniilM [7]

A country that US-based company Solar Solutions should consider entering and expanding its business is one that has democratic institutions and a market-based economic system.

<h3 /><h3>Business internationalization</h3>

It corresponds to a strategy adopted by companies that wish to expand their business to other countries based on an economic opportunity that increases competitiveness and profitability in the market.

Therefore, a democratic country based on the free market would be the ideal option for a company to go global to produce and sell its products and services more widely and based on the economic laws of supply and demand.

The correct answer is:

A country that has democratic institutions and a market-based economic system.

Find out more information about internationalization here:

brainly.com/question/26330420

4 0

2 years ago