The option that tells us the truth about the general purpose financial statements is that, They provide important information at the least cost.
<h3>What is meant by the general purpose financial statement?</h3>
The term general purpose financial statement is used to refer to the financial statements that re used in the provision of information about the operations and the financial standing of a company or an organization. It also tells us of the cash flow that the organization is having.
Hence we can say that The option that tells us the truth about the general purpose financial statements is that They provide important information at the least cost.
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Answer:
The correct answer is: formal
.
Explanation:
The informal leader is defined as the one who influences other members of a work group or team; In most cases, they are not recognized by the formal power structure, nor do they receive extra compensation or benefit, nor do they have formal interference to fire or hire staff. They are individuals who, without the formal title or authority, act as defenders of the organization and raise their contribution and that of others through influence, knowledge, expertise and relationship building; acting generally? Below the water? as facilitators and motivators.
Within the group they play a decisive role in its effectiveness, due to its influence on the beliefs and expectations of its members, by setting goals and feedback. In addition, the informal leader maintains a reliable reputation as a source of reliable information, since it is the same group members who give them authority.
They use their influence to shape strategies, establish basic norms and values, allocate resources, coordinate intergroup efforts and negotiate with individuals outside the group. They learn to unite different groups of people with common interests or networks, while fostering and cultivating relationships within and outside the group. Not only do they create networks, but they become catalysts for others to form new communities throughout the organization.
The Management Discussion and Analysis section of the annual report can best be described as <u>c. Biased but informative</u>.
<u>Explanation</u>:
Biasing is an unfair activity in which the person favors one side and opposes the other. Biased people always exhibit prejudiced thinking.
These kinds of people think only from their side and they don’t think <u>“out of the box”</u>.
The management will be always biased when discussing about the annual report. The report provided by them in the discussion will be informative. But still it will be favored for someone and opposing another person.
Answer:
Required rate of return is 6.97%
Explanation:
The required rate of return can be ascertained from the price formula below when the subject of the formula is changed to rate of return instead of stock price:
Stock price =dividend/required rate of return
stock price is $80.40
required rate of return is unknown
the dividend on the preferred stock is $5.60
required rate of return=dividend/stock price
required rate of return =$5.60/$80.40=6.97%
The required rate of return based on the stock price and dividend information provided is 6.97%
