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nika2105 [10]
2 years ago
12

An annual reporting period consisting of any twelve consecutive months is known as:___.

Business
1 answer:
Kaylis [27]2 years ago
4 0

An annual reporting period consisting of any twelve consecutive months is known as Fiscal year.

The government and enterprises utilize a fiscal year (FY), usually referred to as a budget year, as the time frame for accounting to create annual financial accounts and reports. A fiscal year may not end on December 31 and is made up of 12 months or 52 weeks.

Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organizations for financial reporting.

Companies and workplace groups use a fiscal year, which is a 12-month period, to submit, review, and communicate their financial accounts, budgets, and objectives. This period of time need not follow the conventional January to December calendar year pattern. Every company has a unique nature when it comes to generating revenue and succeeding.

Learn more about fiscal year here

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3. There a number of market entry strategies that businesses use in entering into markets outside their countries. a) Distinguis
sattari [20]

Answer:

a) Distinguish between the use of Franchising and Joint Venture as modes of entry into other countries by global businesses.

Franchising consists in the licensing of aspects of production and intellectual property to a another party: the franchise.

A Joint Venture is a business union between two or more parties, in which they split profit as well as costs and responsabilities.

b) What are the respective advantages and disadvantages of both strategies?

Franchising can be a quicker way to expand into foreign markets. The flexibility of the method, and the lower capital requirements are the reason why. This can be seen in the success that American fast-food brands have had using this method to expand in global markets.

A Joint-Venture can be more difficult to use for market expansion, however, it can be more profitable, because the profit will not be split among as many parties as in franchising, and more importantly, the firm maintains a higher control of the operation.

7 0
2 years ago
On January 1, 2016, Ott Company sold goods to Fox Company. Fox signed a noninterest-bearing note requiring payment of $60,000 an
inessss [21]

Answer:

D. 321,600.

Explanation:

Present value is the current value of a future amount that is to be received or paid out.

Given:

Present value, P = $60000

Present value of ordinary annuity for the remaining 6 years = 4.36

The Present value, PV of the note is equal to the first payment + the Present value of ordinary annuity (all at 10%) of the remaining six payments

Sales revenue = $60000 + (60,000 × 4.36)

= $60000 + $261,600

= $321,600

Thus, sales revenue of $321,600.

3 0
3 years ago
American Airlines has established a goal of increasing its profits by 12 percent next year. To ensure that the goal is reached,
Nimfa-mama [501]

Answer:

Controlling  function

Explanation:

Management is an authority that is hiring in the company or business for gaining profit and provide stability to the business. In business, management authorities have the power to control and decide the necessary step that provides gain to the business.

In the case of American Airlines, management has all Controlling  functions that help them to get back business on track.

8 0
3 years ago
Under absorption costing , a company had the following per unit costs when 10,000 units were produced Direct labor Direct materi
bezimeni [28]

Answer:

Total unitary cost= $16.2

Explanation:

<u>First, we need to compute the total fixed overhead:</u>

Total fixed overhead= 10,000*6= 60,000

<u>Now, the unitary absorption cost for 12,500 units:</u>

Direct labor= 2.8

Direct materials= 3.8

Variable overhead= 4.8

Total variable cost= $11.4

Fixed overhead= (60,000/12,500)= 4.8

Total unitary cost= $16.2

The unitary cost is lower.

5 0
3 years ago
Operations management is the management of:
Furkat [3]

designing and controlling the process of production and redesigning business operation in the production of goods and services.

4 0
2 years ago
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