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vredina [299]
3 years ago
8

Management of a company can enhance its business decision making ability and receive the most timely financial information by pr

eparing financial statements.
Business
1 answer:
Juliette [100K]3 years ago
4 0

Answer:

more frequently.

Explanation:

Both accounting and finance are extremely important for managers to make the best possible business decisions. The difference between accounting and finance is that accounting relies on past events, while finance has to anticipate to future events. One without the other is useless, since only knowing what happened before and not getting anything new out of that information doesn't help, and finance uses the accounting statements as their basic information.

In order for a manager to have the most reliable and current information, the financial statements must be done fairly frequently, every month or every two months at most. Legally the IRS only requires one set of financial statements per year, but that doesn't mean they can't be done more frequently. Before making a decision, you must know where your company is standing and the only way to know that is through financial statements.

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2 years ago
Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?
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3 years ago
How responsible should sport/event organizations, celebrities, and athletes be for keeping their various publics happy? We know
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I dont really know

Explanation:

5 0
3 years ago
Which statement about ethnocentrism is most accurate?
Alexus [3.1K]

Answer:

<em> Ethnocentrism causes us to judge others by our own values. </em>

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4 0
2 years ago
Suppose the required reserve ratio is 20 percent, and the Fed buys $1 million worth of bonds from the public. If the public depo
777dan777 [17]

Answer:

Increase directly by $1 million and an additional lending capacity of $4 million will be created for the banking system.

Explanation:

The formula for increase in money supply is

Increase in money supply = (1 / Required reserve ratio) * Excess reserve.

Now, we have, required reserve ratio of 20%.

That means, out of $1 million deposit, required reserve = ($1,000,000 * 0.20) = $200,000.

Now, we knew that, Total reserve = required reserve + excess reserve

Total Reserve = $1,000,000 and required reserve = $200,000.

So, Excess reserve = $1,000,000 - $200,000 = $800,000.

Now, Increase in money supply = (1 / 0.20) * $800,000 = $4 million.

That means,

If the public deposits this amount into transactions accounts, the money supply will:

Increase directly by $1 million and an additional lending capacity of $4 million will be created for the banking system.

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