Answer:
(The data is missing so we cannot prepare the complete cash budget but lets see how it is prepared. The data given in the question has only been added in cash budget)
Cash Budget is prepared in same way as statement of cashflow. The detail cash budget format is given below.
Poster Company
Cash budget
1st and 2nd quarter
Cash from operations
Sales xxxx
Purchase (xxxx)
Other expenses paid (xxxx)
Net cash from operation xxxx
Cash from Investment activities
Sale of Assets (10,000+4,500) $ 14,500
Any investment made (xxxxxx)
Net Cash from investing activities xxxxxx
Cash from Finance Activities
Financial Charges paid ( xxxxxxx)
Dividednd paid $ 4,500
Net Cash from Financing activities xxxxxxxx
Net cash increase/ decrease xx/ (xx)
Opening balance $60,359
Cash balance at end xxxxx
(xxx represents missing values)
Answer:
Dividing Net income by average total assets
Explanation:
The rate of return of total assets is a ratio used in measuring a company's revenue before deductibles when compared to its total net asset. It refers to the ratio between the net income and the average total assets of a given company at a particular point in time. This ratio is most times used to see how effectively an asset is being used in the production process.
Mathematically
ROTA = Net Income ÷ Average Total Asset
Answer:
The importance of stocktaking is clear. It allows you to regularly monitor and increase gross profit, reduce loss, improve control of allowances, and reduce waste
Explanation:
In condition if a union is existing in a firm that has an open shop arrangement, workforce may link the union if they desire but they are not compulsory to join or pay a union charge in order to keep their occupations. In an open shop agreement, union membership is intended for new and current employees. Individuals who do not join the union do not have to recompense union fees but few union arrangements are of this kind and it is an agreement in right to work states that provides workers the choice to join or not join a union, if one happens in their workplace. Right to work laws is a government that gives workers the right under an open shop arrangement to join or not join a union if it is current.
Answer:
The option B. The profits for common stock owners come before payment to employees, suppliers, government, and creditors. is the false statement.
Profit is any amount that is left after setting aside the cost and liabilities. It is financial gain which is represented by the difference between the amount that is spent and the amount that has been earned or gained. Whereas common stock is a kind of a common share holder equity which also considered to be a type of a security.
