Answer:
1. Reporting most changes in accounting principle.
FASB ACS 250-10-45-5.
Title - "Accounting changes and Error corrections - Overall - Other presentation matters - Change in Accounting principle"
2) Disclosure requirements for a change in accounting principle:
FASB ACS 250-10-50-1 :
Title - "Accounting changes and Error corrections - Overall - Disclosure - Change in accounting principle"
3) Illustration of the application of a retrospective change in the method of accounting for Inventory :
FASB ACS 250-10-55-3
Titles - "Accounting changes and Error corrections - Overall - Implementation guidance and Illustrations -Retrospective application of a change in Accounting principle."
Answer:
FV= $6,418.20
Explanation:
Giving the following information:
Initial investment (PV)= $5,000
Interest rate (i)= 0.025/12= 0.002083
Number of periods (n)= 10*12= 120 months
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 5,000*(1.002083^120)
FV= $6,418.20
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Answer:
To plan effective strategies and specific tactics to accomplish the strategic objectives
Explanation:
Since the company has conducted situational analysis and chosen its marketing goals the next logical step is to plan effective strategies and specific tactics to accomplish the strategic objectives. Both situational analysis and marketing goals are needed in order to understand who to target and what to aim for. Once a company has this, they need to plan a course of action in order to accomplish those goals as effectively as possible.
