The given statement " Trend analysis is one method of examining changes in a firm's performance over time, which the analysis of only one year's ratios will not show " is TRUE.
Explanation:
The trend analysis can also be used to do a comparative analysis to assess the financial company's performance over a time period. Compared to quantitative statistics, the trend analysis is more efficient, making top management more successful and smart decision-making.
Trends in working capital management and its impact on firms' performance.
In the corporate and financial industries, pattern analytics are relevant. Trend analyzes are often used to make financial stability predictions and analyses. To order to determine how the business can do in the future, financial analysts analyze the previous results and existing financial conditions.
Answer:
The petty cash journal entry is a debit to the petty cash account and a credit to the cash account. The petty cash custodian refills the petty cash drawer or box, which should now contain the original amount of cash that was designated for the fund. The cashier creates a journal entry to record the petty cash receipts he entry must show an increase in your Petty Cash account and a decrease in your Cash account. To show this, debit your Petty Cash account and credit your Cash account. When the petty cash fund gets too low, you must refill it to its set amount Count the money remaining in your petty cash account at the end of an accounting period. For example, assume your petty cash account has $550 remaining. Subtract the amount remaining from the account's original balance to determine by how much you need to replenish the account. A cash receipts journal is used to record all cash receipts of the business. All cash received by a business should be reported in the accounting records. In a cash receipts journal, a debit is posted to cash in the amount of money received. An additional posting must be made to balancing the transaction.
Explanation:
Answer: ADRs.
Explanation:
ADRs or American Depository notes are a way for American investors to buy stock in foreign companies without the companies having to list themselves in any American exchange. It works by an American depository bank issuing the ADR which would have a varying number of shares in a foreign company with the minimum being 1 share. Investors can then buy these ADRs. These ADRs also trade on stock exchanges as well.
Answer:
$1,600,000
Explanation:
Given the following parameters:
Patent = $8,000,000
Trademark = $6,000,000
Goodwill= $9,000,000
Given that both the trademark and goodwill cannot be amortized as they were impaired or revealed.
Therefore, in this situation, only patents will be amortized over a five-year service life
Hence, the total amount of amortization expense that would appear in Burger Mania's income statement for the first year ended December 31 related to these items is = 8,000,000 divided by 5 = $1,600,000
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