Answer:
C. The government-wide Statement of Net Position and the proprietary funds Statement of Net Position
Explanation:
CAFR ( Comprehensive Annual Financial reporting ) is provides accurate, summarised, and meaningful information. There are three sections of this reporting as below.
- Introduction
- Financial
- Statistical
In government-wide statement, The capital is reported on the net basis on financial statements.
The difference in production is most likely due to adding a chef, because production increased across the board at each level for both types of rolls. If there was only one chef, one roll would increase and the other would decrease because they could only spend their time on one thing.
Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
An account can be defined as a formal and individual record of the financial transactions of a person, business firm, goods, assets, liability, etc.
All the transactions with respect to a particular item such as income, expenses, assets, liability, etc., are recorded in its account.
In general, accounts are split or divided into two main categories and these includes;
I. Personal Accounts
II. Impersonal Accounts.
Answer:
151,000
Explanation:
48,000+18000+40,000+52,000-11,000+4,000
=66,000+40,000+52,000-11,000+4,000
=106,000+52,000-11,000+4,000
=158,000-11,000+4,000
=147,000+4,000
Answer:
The store manager must decide to buy 3
Explanation:
Given that:
- The first: $200 a year
- The second $150
- The third $75,
- The fourth $50
- Interest rate is 12 percent
- Investment: $500
As we know that the rate of return will be: Income / Investment
So the rate of return of:
- The first: $200 / $500 = 0.4 = 40%
- The second $150 / $500 = 0,3 = 30%
- The third $75 / $500 = 0.15 = 15%
- The fourth $50 / $500 = 0.1 = 10%
Only three rug cleaners have the rate of return greater than the interest rate so the store manager must decide to buy 3
