The answer is<u> "Identifying potentially troublesome areas so that corrective action can be taken".</u>
A budget report is an inward report utilized by the board to think about the assessed, planned projections with the real performance number accomplished amid a period.
Budgeting and financial forecasting are devices or tools that organizations use to build up an arrangement of where the executives needs to take the organization and whether it's going the correct way. Albeit budgetary determining and planning are frequently utilized together, there are particular contrasts between the two.
Answer: An internal audit is being performed.
Explanation:
Internal Audit is a department or entity that provides structures, corporate organizations, and procedures for persons inside an organization with unbiased, objective assessments.
According to the Chartered Institute of Internal Auditors, the role of internal audit is to provide objective assurance that an organization's risk management, governance and internal control processes are operating effectively.
Answer:
The answer is : The payment to common shareholders will total $19,500
Explanation:
Because preferred share has priority to receive dividend over common shares, the amount of dividend declaration must fulfill the firm's commitment to its preferred shareholders before the residual amount may be distributed among common shareholders.
Amount of dividend needs to be paid to preferred share holders = Number of share x Par value per preferred share x % dividend = 1,000 x 10 x 5% = $500.
The residual amount of dividend declaration which will go to common shareholders = 20,000 - 500 = $19,500.
=> Thus, the answer is $19,500.
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