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vazorg [7]
3 years ago
5

What has a company accomplished when it creates a financial statement that projects income and expenditures over a specified fut

ure period?
Business
1 answer:
Fofino [41]3 years ago
6 0

Answer:

Budgets

Explanation:

Budgets are prepared for a future date and it creates a basic estimate and projection of future income and expenditures.

The income statement is prepared which presents the income and expenditure for a period which has lapsed.

Basically for a period that is past now. When future projections are created based on analysis and expectations then it is called budget.

Budgets reflects the expected performance of the company in the near future, based on the estimate about what the company members can perform.

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Miller Inc. Is a large corporation preparing to acquire GrowIt, a start-up business. Miller has many policies and procedures bas
deff fn [24]

Answer:

by identifying the differences and developing employee's skills in conflict resolution

Explanation:

Human Resource Management is the key area for success of any organization. This is basically because managing any office is easy with good personnel employed.

Thus, training in employees on the Human Resource level, might help in overcoming any kind of conflict faced by such employees, of each of the companies.

HR personnel are responsible for satisfaction among employees, for this they have to agree on certain policies of giving compensation, appraisals and rewards. Thus, both the companies HR personnel shall involve themselves in developing the skills in employees for resolution of conflict.

7 0
3 years ago
Charity organisation has asked you to raise money for it by running a fete The organiser has given you a maximum amount to spend
Ahat [919]

Answer:

Charity fund should be handled with care as it is donor's money which should be handled with care. The amount of charity should be spent for the actual cause.

Explanation:

Charity fund is the money which should be handled with great care. The major fund of the charity should be attribute to the main cause and there should be proper record maintenance for every penny spent. The charity fund is the responsibility of the management and any donor can ask anytime about the money spent.

5 0
3 years ago
As of December 31, year 2, a company has an inventory item that was originally purchased for $80 in year 1. The inventory item w
Naily [24]

The net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.

<h3>What is net realizable value under IFRS?</h3>

Under the IFRS, inventories should be stated at the lower of cost and net realizable value. The net realizable value equals the selling price less the estimated costs of sale.

<h3>Data and Calculations:</h3>

Inventory purchase cost = $80

Net realizable value in year 1 = $60

Net realizable value in year 2 = $75

Replacement cost = $65

Normal profit margins = 20%

Thus, the net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.

Learn more about net realizable value at brainly.com/question/794345

8 0
2 years ago
Specialization and trade can result in shifting employment patterns what possibilities
velikii [3]
Employment patterns become inconsistent due to specialization and trade because the qualifications needed from an applicant can change or become too specific because of the specializations. Trade can change the required knowledge needed from an applicant based on what products are being traded.
6 0
3 years ago
​Computers's Merchandise Inventory account at​ year-end is showing a balance of $ 43 comma 000. The physical count of inventory
Talja [164]

Explanation:

The journal entry is shown below:

Cost of goods sold Dr $1,400

        To Merchandise inventory $1,400

(Being the inventory shrinkage is recorded)

It is computed below:

= $43,000 - $41,600

= $1,400

For recording this given journal entry, we debited the cost of goods sold and credited the merchandise inventory.

8 0
3 years ago
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