Answer:
The answer is: A) a point in time in the past
Explanation:
A balance sheet is one the most important financial statements of an organization along with the income statement and statement of cash flows.
It reports an organization´s assets, liabilities and shareholders´ equity at an specific point in time.
The basic formula used in a balance sheet is:
Assets = Liabilities + Shareholders´ Equity
Answer:
Future value of total improvement cost = $1,788,552.44
Explanation:
As per the data given in the question,
Regular deposit amount = $250,000
No. of period = 5 years
Interest rate = 18%
Future value = Regular deposit amount × [((1+interest rate per period)^no. of period - 1) ÷ interest rate per period]
Face value = $250,000×[((1+0.18)^5-1) ÷ 0.18]
= $250,000×7.154
= $1,788,552.44
Future value of total improvement cost = $1,788,552.44
Answer:
C.) Cash budget.
Explanation:
As the name sounds is exactly what it directly entail; as it explains the direct input and output flow pattern of cash in a said organisation or firm. And in most cases, it is seen to access these funds and their usage pattern.
In this case, it can know and give heads up on when their is cash shortage or when a form does not have enough liquidity funds to run it. That is why here, direct and labour budgets are parts of what makes up the cash budget.
