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melisa1 [442]
4 years ago
9

Given one or more hypothetical assumptions, a responsible party may prepare, to the best of his knowledge and belief, an entity'

s expected financial position, results of operations, and changes in cash flows. Such prospective financial statements are known as:___________.
Business
1 answer:
Sergeeva-Olga [200]4 years ago
5 0

Answer: Financial projections

Explanation:

 The financial projection is the term which is used for forecasting the various types of future based expenses and also the revenue of an organization. It also helps in preparing the financial statement by using their best knowledge, result and also manage the cash flow system.  

It also helps in developing the various types of short term financial based projection that for the purpose of internal marketing information.

The importance of the financial projection is that it helps in preparing the basic finance base statement by predicting the firm's outcome. Therefore, Financial projections is the correct answer.

 

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On January 2, year 1, Lava, Inc. purchased a patent for a new consumer product for $90,000. At the time of purchase, the patent
Archy [21]

Answer:

The amount Lava should charge against income during year 4 is $63,000.

Explanation:

Since amortization is assumed to be recorded at the end of each year, this can be calculated as follows:

Annual amortization expense = Cost of the patent  / Patent's estimated useful life = $90,000 / 10 = $9,000

Amortization expense recorded prior to year 4 = Annual amortization expense * 3 years =  $9,000 * 3 = $27,000

Unamortized cost of patent charge against income during year 4 = Cost of the patent - Amortization expense recorded prior to year 4 = $90,000 - $27,000 = $63,000

Therefore, the amount Lava should charge against income during year 4 is $63,000.

4 0
3 years ago
Which kind of feasibility is concerned with whether the organization has the skills needed to properly apply a given technology
tino4ka555 [31]

Answer: technical feasibility

Explanation:

Technical feasibility shows how s company or an organization will deliver the goods and service to the customers. Technical feasibility is vital as companies will be able to know whether the technical resources that the company possesses will meet its capacity.

It should also be noted that technical feasibility is concerned with whether the organization has the skills needed to properly apply a given technology.

7 0
3 years ago
3 Points
Maslowich

Answer:

C. An auction market

Explanation:

Option A is wrong because merchant wholesalers purchase any products directly from the manufacturers and sell those to the retailers, or consumers. In that case, buyers and sellers do not need to come together to complete a transaction.

Option B is incorrect as the warehouse club is recognized as a retail store where customers can purchase bulk products to reduce the expenses. In that case, only sell is the motive.

Option D is wrong because drop shippers cannot hold the inventory to their stocks. Therefore, customers and manufacturers will not come together.

<u><em>Option C</em></u> is correct because, in an auction market, the buyer and the seller have to come at the same time to complete a transaction. In that market, the buyer will directly negotiate with the seller to purchase a product or something else.

5 0
4 years ago
Read 2 more answers
An employee at falcon security is studying an analysis of data regarding the occurrence of problems and failures with its drones
Mrac [35]

Answer:

a. Decision making

Explanation:

The data that the employee collects will be used to <em>decide </em>whether or not to perform maintenance.

8 0
3 years ago
During the _____________ ________________, over 7 million African Americans moved away from the South to the economic opportunit
o-na [289]

Answer:The great migration

Explanation: During the great migration between 1916 and 1970, ala the number of African Americans moves away from the South to the North due to recurring segregation and racism.

4 0
3 years ago
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