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Stolb23 [73]
3 years ago
10

Which is more useful to the financial​ manager? ​(Select the best answer​ below.) A. The cash flow statement because it recogniz

es amounts that will not be collected​ and, as a​ result, will not contribute to the wealth of the owners. B. The income statement because it recognizes amounts that will not be collected​ and, as a​ result, will not contribute to the wealth of the owners. C. The cash flow statement because it recognizes revenues at the time of sale​ (whether payment has been received or​ not) and recognizes expenses when they are incurred. D. The income statement because it recognizes revenues at the time of sale​ (whether payment has been received or​ not) and recognizes expenses when they are incurred.
Business
1 answer:
KonstantinChe [14]3 years ago
4 0

Answer:

D. The income statement because it recognizes revenues at the time of sale​ (whether payment has been received or​ not) and recognizes expenses when they are incurred.

Explanation:

The income statement in accordance to the accrual basis and matching concept recognizes revenues at the time of sale​ (whether payment has been received or​ not) and recognizes expenses when they are incurred.

The business exists for a profit motive and it is the income statement that reveals whether or not the company is doing so, on a monthly, quarterly and annual basis.

Again, the listing of all categories of expenses on the income statement makes it possible to focus attention on which cost has to be brought under control to improve profitability.

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Howard Cho has been hired by Greenwood Enterprises to work on an assembly line in its small engine division. He understands that
tiny-mole [99]

Answer: Union

Explanation:

The options to the question,:

A Open

B. Managed

C. Union

D. Closed

E. Agency

From the question, we are informed that Howard Cho has been hired by Greenwood Enterprises to work on an assembly line in its small engine division and that he understands that he will be on probation for 30 days and then must join the union. This implies that Cho enterprise has a union shop.

A union shop is a form of a union security clause whereby the employer may employ workers who are into the union or those who don't but those that are not yet union members will have to join after a 30 days period.

8 0
3 years ago
Corporations with control both within and across industries are formed by a series of mergers and acquisitions across industries
Zielflug [23.3K]

Answer:

conglomerate                

Explanation:

In simple words, A conglomerate refers to the multi-industry corporation, which is a mixture of many enterprises operating within one organizational group in completely different sectors, which can include a holding company and several branches.

The conglomerates are always global and massive. The predominant conglomerates consolidate financial risk through investing in a variety of different industries, although other conglomerates opt to engage in a single sector, like those in mines.        

6 0
3 years ago
Carla Vista Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: Durin
ser-zykov [4K]

Answer:

$291,630

Explanation:

The computation of the net cash provided by financing activities is shown below:

Cash flow from financing activities

Less: Existing debt repaid -$313,400

Add: Raised additional debt capital $649,200

Less: Repurchased stock in the open market - $44,170

Net cash provided by financing activities $291,630

We added the additional debt capital and the rest items are deducted

8 0
3 years ago
Read 2 more answers
Why do corporations merge into conglomerates
GarryVolchara [31]
To create rapid growth 

8 0
3 years ago
23 divided by 33<br><img src="https://tex.z-dn.net/?f=23%20%5Cdiv%20335" id="TexFormula1" title="23 \div 335" alt="23 \div 335"
xxMikexx [17]

23/33=0.6969697

23/335=0.06865672

4 0
3 years ago
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