Answer:
Financial accounting is responsible for preparing the organization's financial statements—including the income statement, the statement of owner's equity, the balance sheet, and the statement of cash flows—that summarize a company's past performance and evaluate its current financial condition.
Explanation:
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Answer:
Cash and cash equivalents = $20,217
Explanation:
Larkspur Company
Cash and Cash Equivalent
Transaction No. Particulars $
1. Petty Cash Fund 52
2. Treasury Bill 10,200
3. Deposit-In-Transit 255
Cash-in-Bank:
5. Checking account 3,360
6. Savings account 6,350
Total Cash & Cash Equivalent 20,217
Transaction #4. Since it did not post during April, therefore, it could not be a cash item.
Transaction #7. It is an expense.
Transaction #8. IOU is a receivable.
0.0466 It should be negative 0.0466. Calculation of annual holiday.
A holiday is a day established by custom or law on which normal activities, especially work, including business or school, are suspended or restricted. In general, holidays are for individuals to celebrate or celebrate an event or tradition of cultural or religious significance.
Holidays may be determined by governments, religious organizations or other groups and organizations. The extent to which the normal operation of the holiday is restricted may vary depending on local laws, customs, the type of work performed, or personal choice.
The term holiday is commonly used in connection with religious customs and traditions.
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An organization have to have business research, data collection and data <span>interpretation capabilities.
</span>Research on historical data and forecasts of a similar company and forecasts of the product market or the industry where in the expected sales or demand of the same product is provided and the <span>previous sales of the product is provided would be useful.</span>
Answer:
The perpetuity is worth $1486.43 more than the ordinary annuity
Explanation:
A perpetuity that with an annual cash inflow or cash outflow payable for a foreseeable future - for an infinite number of period
The present value of a perpetual annuity is calculated as
PV= A/r
PV = 1000/0.1
PV =&10,000
On the other hand, an annuity with annual cash inflows or cash outflows for certain number of years is called an ordinary annuity.
The present value of an ordinary annuity is determined as follows:
PV = (1 - (1+r)^n)/r × A
= (1-(1+0.1)^(-20))/0.1 × 1000
= 8.5135 × 1000
= 8513.56
Difference in PV = 10,000 - 8513.56
= $1486.43
The perpetuity is worth $ 1,486.43 more than the ordinary annuity
