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1 year ago

The process of associating numerical amounts to the elements in the financial statements is called:________

1 answer:

Taya2010 [7]1 year ago

5 0

The process of associating numerical amounts to the elements in the financial statements is called <u>Measurement</u>.

Financial statements are written data that supply a business enterprise's industrial company activities and economic performance. economic statements are regularly audited through authorities corporations, accountants, corporations, and so forth. to ensure accuracy and for tax, financing, or investing functions.

"Probable future monetary blessings obtained or controlled by way of a particular entity because of beyond transactions." property. Disclosure refers to the system and further records within the Financial statements and notes.

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Bill wants to give Maria a $630,000 gift in 3 years. If money is worth 6% compounded semiannually, what is Maria's gift worth to

olga_2 [115]

Answer:

$527,615.08

Explanation:

The formula that describes the present value of an investment compounded semiannually is:

$PV = \frac{FV}{(1+\frac{r}{2}^{(2*t)})}$

For a future value of $630,000 obtained at a 6% annual rate for 3 years, the present value is:

$PV = \frac{630,000}{(1+\frac{6}{2}^{(2*3)})}\\PV=\$527,615.08$

Maria's gift is worth $527,615.08 today.

5 0

3 years ago

Mollie has $550 in a savings account that earns 3% simple interest each year. If she does not deposit or withdraw from her accou

Zepler [3.9K]

As per the given simple interest, the amount in the account after 10 years is $715.

How to calculate Simple interest?

The general formula to calculate the simple interest is written as,

A = P(1 + rt)

Where

A refers Total Accrued Amount (principal + interest)

P refers Principal Amount

r refers Rate of Interest per year in decimal; r = R/100

t refers Time Period involved in months or years

Mollie has $550 in a savings account that earns 3% simple interest each year.

Here we need to find the amount in her account after 10 year.

According to the given question, we know that

Principal amount =$550

Interest rate = 3%

Time period = 10 years

Then the simple interest is calculated as,

First, converting R percent to r a decimal

r = R/100 = 3%/100 = 0.03 per year.

Solving our equation:

A = 550(1 + (0.03 × 10)) = 715

A = $715.00

Therefore, the total amount accrued, principal plus interest, from simple interest on a principal of $550.00 at a rate of 3% per year for 10 years is $715.00.

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3 0

1 year ago

Torque corporation is expected to pay a dividend of $1 in the upcoming year. dividends are expected to grow at a rate of 6% per

Novay_Z [31]

Answer:

The required rate of return on stock is 14.6% and option b is the correct answer.

Explanation:

The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.

The equation is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rM is the return on market

r = 0.05 + 1.2 * (0.13 - 0.05)

r = 0.146 or 14.6%

4 0

3 years ago

In terms of global business strategy, the governance of ________ firms has been likened to a federal structureâ "strong central

Leokris [45]

Answer: Transnational (multinational)

Explanation: A transnational firm is a multinational firm that operates across national boundaries. Global business strategy allows a firm's revenue to run across borders and these firms can then trade in worldwide markets. A global business strategy includes thinking in an integrated way with regards to all business related aspects, evaluating the goods and services that are produced and meeting global standards in not only the world markets but also the local markets. A multinational firm will also make use of a policy of dispersed production with centralised strategic management. All these factors can link multinational firms to federal structure.

4 0

3 years ago

discuss the rationale of organizing an industrial strike in resolving employee dispute with the state,focusing on the detrimenta

Gennadij [26K]

Answer: The answer is given below

Explanation:

Strike is the refusal to work which is typically organized by body of employees as a method of protesting in an attempt to get a pay rise or other concessions from the employer.

Strike can be as a result of demand for wages or salary increment, better working conditions, better treatment at workplace and non-discrimination, towards employees.

Strikes can bring about potential benefits such as better working conditions, increase in pay, improved labor productivity, increase in work morale, and lower absenteeism. Itcsn also bring about economic costs to the society. Strikes results in negative impacts on employees, employers, consumers, stakeholders, the government, and the whole economy.

During strikes, there are less goods available for consumers, decrease in revenue on the part of employers, idle employees, and the economy is also affected badly.

6 0

3 years ago