Answer:
Financial statements are linked within and across periods in that
d) All of the above.
Explanation:
The linkage of all the financial statements can be traced to how they share interconnected information about the financial position and performance of an entity. The three more prominent financial statements include the income statement for the period, the statement of cash flows, and the balance sheet. While the income statement shows the financial performance by determining the profitability, the statement of cash flows concentrates on the inflow and outflow of cash, and the balance sheet shows the financial position, disclosing the assets, liabilities, and equity balances.
This action belongs to the ANALYZE STEP of the AIM planning process.
AIM planning process is a methodology that is used to bring structure to process improvement and problem solving. It is made up of three steps which are analyze, improve and monitor. The analyze step examine the problem for clues about how to solve it, the improve step eliminates the service gap and add improvements while the monitor step ensures that the improvements are working.
Answer:
c. Strategic
Explanation:
Strategic decision is the long term decision of the organization and decide the strategy of the organization, which is the responsibility of the top management. Lower management contributes to achieve these long term objective by achieving short term objective which is align with the strategy of the organization.
Answer:
The implied interest rate for the lease payments is 8%.
Explanation:
The implied interest rate (or interest rate implicit in lease) is the rate at which minimum lease payment is equal to current fair value (present value) of asset leased out. Using the following formula we can easily calculate implied interest rate for the lease payments. Detail calculation is given below.
PV = MLPS (1-(1+interest rate%)^-period)/i
39,927 = 10,000 (1-(1+I)^-5)/I
3.9927 = Anuity factor
(using annuity table)
Interest = 8%
Answer:
A
Explanation:
A court-ordered action that directs parties to do or not to do something