All categories

3 years ago

What is a fiscal year?

Business

2 answers:

ValentinkaMS [17]3 years ago

4 0

Answer:

12-month financial planning period that may or may not coincide with the calendar year

Explanation:

Darina [25.2K]3 years ago

3 0

A fiscal year, is a 12-month financial planning period that may or may not coincide with the calendar year.

Explanation:

A fiscal year to the government is just like a financial year for a company/corporation.

A government can have a fiscal year from the middle of a year (July) to the next year (June) which in total is 12 months.

Sometimes a fiscal year coincide with the calendar year but that does not acknowledge the fact that is must be a calendar year.

This fiscal period are a planned period to take up projects or meet budgets.

You might be interested in

A corporation issued 5,000 shares of its no par common stock that was assigned a $1 stated value per share. The issue price was

Rus_ich [418]

Answer:

Debit Cash account $50,000

Credit Ordinary share $5,000

Credit Share Premium $45,000

Explanation:

When share issued are paid for at an amount above the par or ordinary value, the excess paid is known as share premium.

The share premium like the par or ordinary value is recognized in the balance sheet as a part of the owners equity.

For a stock unit at par value of $1 for which the issue price was $10,

the share premium per unit

= $10 - $1

= $9

Ordinary share value = $1 × 5000 = $5,000

Share premium amount = $9 × 5,000 = $45,000

8 0

3 years ago

Rank the following instruments in terms of credit risk. In your rankings, use 1 for the greatest credit risk and 4 for the small

bija089 [108]

Answer:

a. A Ba1 corporate bond 2 (not investment grade)

b. A ten-year BBB- corporate bond with a YTM of 7% 3 (medium risk but still investment grade)

c. A secured loan from Argosy Gaming, which is a B- rated firm 4 (less risky since it is backed by a collateral)

d. A senior subordinated bond from Argosy Gaming 1 (highest risk)

Explanation:

There are two major bond rating agencies in the US: Moody's and Standard & Poor's.

Their rankings are very similar, although the letters vary a little:

AAA: safest

AA: low risk

A: low risk

BBB: medium risk

BB: a little bit more riskier

B: risky

CCC: very high risk

CC: even riskier

C: riskiest

D: junk, in default

8 0

2 years ago

During the current year, assets increased from $11,000 to $19,000, and liabilities decreased from $9,000 to $7,500. If no additi

garik1379 [7]

Answer:

$34,500

Explanation:

Calculation to determine total revenues for the year

Using this formula

Total revenues=Increase in Assets+Decreased in liabilities+Dividends+Expenses

Let plug in the formula

Total revenues=($11,000-$19,000)+($9,000-$7,500)+$4,000+$21,000

Total revenues=$8,000+$1,500+$4,000+$21,000

Total revenues=$34,500

Therefore total revenues for the year is $34,500

6 0

3 years ago

A country recently experienced a drop in consumer purchases and a rise in business inventories of durable goods. Wages grew slow

brilliants [131]

Answer:

A recession

Explanation:

A recession is a period of slow or negative economic growth that lasts several months. In a recession, there is a general decline in productivity in the economy. In other words, the GDP growth rate drops too low or turns negatives.

Due to low productivity, unemployment rate rises as the industries and services sectors lay-off workers instead of creating job opportunities. There is reduced consumer confidence leading to low retail sales and a decline in prices.

Negative growth implies reduced levels of investment in the economy. Businesses experience low profits, and hence, stock prices fall. Economist considers recessions a part of a normal business cycle.

8 0

2 years ago

"which term refers to the level of commitment that workers make to an employer?"

user100 [1]

Employee engagement is the term that refers to the level of commitment that workers make to an employer. It also shows that an employee is committed to the company by doing his best to achieve the company’s goal and vision. Also, employee engagement is giving commitment to become loyal to the company, giving ideas to improved the company, and being one with the organization.

3 0

2 years ago