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

Roman loves corn bread. He buys corn meal and wheat flour in order to make corn bread. His recipe calls for two cups of corn mea

ale4655 [162]

Answer:

(B) U(c,f)=min{2c,f}

Explanation:

This is an example of Leontif utility function which states that the preferences of a consumer is to a constant ratio of quantities of two or more goods in his demand bundles and having an extra unit of a single good will not increase the utility of the consumer and will make the extra unit to waste. But having more units of all the goods in the demand bundle which maintain the constant ratio will increase the utility of the consumer.

A good example usually used in economics is that of a pair of shoe. Having one right and one left of a type of shoe gives a consumer utility at a constant ratio of 1:1, and increasing each leg by multiple of one at every point in time will increase the utility of the consumer, while increasing just only one makes the utility not to change. For instance, having only two left shoe will not give the consumer any utility and make both the left shoe useless.

In the question, the ratio of cups of corn meal, denoted by c, and cups of flour, denoted by f, is 2:1. This implies that to increase the utility of the consumer, c has to increase by a multiple of 2 at every point in time while f has to increase by one at the same point in time to maintain the constant ratio of 2:1. Increasing only c by 2 or only f by 1 will maintain the constant ratio and it will lead to a waste of the increased unit of the affected commodity.

Therefore, option (B) U(c,f)=min{2c,f} is the correct answer that gives a constant ratio of 2:1 = 2c:f.

I wish you the best.

7 0

2 years ago

Dell obtains most of its computer parts and chips from other manufacturers and assembles them together into a desktop or a lapto

patriot [66]

producer market
hope this helps

5 0

3 years ago

Matt is considering the purchase of an investment that w ill pay him $12,500 in 12 years. If Matt wants to earn a return equal t

babymother [125]

Answer:

The correct answer is $5,550.15.

Explanation:

According to the scenario, the given data are as follows:

Future value (FV) = $12,500

Time period (n) = 12 years

Rate of interest (r) = 7%

So, we can calculate the present value that should be invested by using following formula:

FV = PV ( 1 + r)^n

So, by putting the value, we get

$12,500 = PV ( 1 + 0.07)^12

$12,500 = PV (2.25219158896)

PV = $12,500 ÷ 2.25219158896

PV = $5,550.14949051122 = $5,550.15

Hence, the present value that should be invested is $5,550.15.

6 0

3 years ago

A company purchased land for $91,000 cash. Commissions of $12,500, property taxes of $13,000, and title insurance of $4,000 were

iren2701 [21]

Answer:

hiiiii

Explanation:

7 0

2 years ago

Anastasia is about to apply for a new job. Besides her cover letter, what common Word document is she going to need to create? A

schepotkina [342]

Answer:

The answer is D. A resume.

Explanation:

A resume is a formal document that a job applicant creates to itemize their qualifications for a position. A resume is usually accompanied by a customized cover letter in which the applicant expresses an interest in a specific job or company and draws attention to the most relevant specifics on the resume.

4 0

1 year ago