Answer:
The proforma income statement and balance sheet are found in the attached
Above all,additional financing of $1982 is required to finance the growth of 20%
Explanation:
The additional finance is necessary as the assets required for the additional growth of 20% is worth $27900 while debt plus equity(including the added profit of $1318) only gives $25918,there resulting in shortfall in finance of $1982.
Also, a different source of finance other than debt can be used depending the interest applicable since the amount involved is minute.
Answer:
Following are the solution to the given question:
Explanation:
A financial manager should understand adequate information on accountancy. This is irrespective of whether the business does have a trained counterpart.
Accountancy is a necessary input into the function of financial management. Throughout the extent, as accounts were important input in financial decision-making is closely connected with both the interaction between finance and financial.
Accrual analysis provides information mostly on the company's operations. The result of the accountancy is accounts like the income statement, the income statement, and the position financial adjustments report. The information in such statements helps money advisors assess a company's previous growth and career projections.
The purpose of accountancy in the choice process is to gather and provide financial data on the institution's past, present, and future activities.
During the economic transaction, the finance department uses these data. This is not possible for money advisors to collect data or to make choices from accounts. And an investor's primary focus is to collect data and display it, whereas budgeting, control, and judgment are the main job of a financial manager. In a sense, financial management starts at the end of accountancy.
To better show and explain a image, idea, and or organization for a business.
It is basically to help build a postitive image for your business you are running or trying to create
Hope this helps
Direct material cost variance = (Standard price - Actual Price) * Actual Quantity
= ($50 - $51) * 47,000
= $47,000 adverse
I guess the correct answer is the narrow view, or invisible hand theory
.
The narrow view, or invisible hand theory, holds that producing profit is more important than being socially responsible.
