Answer:
Cash disbursements for insurance would be $ 168,700.
Explanation:
In accrual based accounting expenses are recorded when they are incurred. The payment against item purchased does not make it qualified to be recorded as expense. Any advance payment made is recognize as asset untill performance obligation has been completed. So in order to determine amount of payment we will use following accounting equation.
Payments = Prepaid current period + expenses - opening prepaid balance
Payments = 197,000 + 62,000 - 90,300 = $ 168,700
Answer: 0.785 days
Explanation:
Cash conversion cycle = Days inventory outstanding + Days sales outstanding – Days payable outstanding
Days inventory outstanding = 365/inventory turnover
= 365 / 50
= 7.3 days
Days sales outstanding = 365 / 8
= 45.625 days
Days payable outstanding = 365 / 7
= 52.14 days
Cash conversion cycle = 7.3 + 45.625 - 52.14
= 0.785 days
Answer:
A speculative risk is uncertain degree of gain or loss. Every speculative risk are made as conscious choices and are not just a result of uncontrollable circumstances.
Explanation:
It's basically a conscious choice you made!
Answer:
The correct answer is (D)
Explanation:
Financial reporting is a complex task which requires an expert to handle them accurately. Companies make many changes in the real data to slip from government taxes and they usually report losses. Auditors are the one responsible to find discrepancies in the financial reporting. So, the primary responsibility rests with the auditors for accurate financial reporting.
The given statement is false that stakeholders include those affected by the result of the project, but not those affected by the process of performing the project.
A stakeholder is a party who has an interest in a company and can influence or be influenced by it. A typical corporation's primary stakeholders are its investors, employees, customers, and suppliers. However, as corporate social responsibility has gained prominence, the concept has been expanded to include communities, governments, and trade associations
Stakeholders can be both internal and external to a company. Internal stakeholders are individuals who have a direct interest in a company, such as employees, owners, or investors. External stakeholders are those who do not directly work for a company but are affected in some way by its actions and outcomes. External stakeholders include suppliers, creditors, and public groups.
Learn more about stakeholders here:
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