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2 years ago

Budgeted financial statements are financial statements based on budgeted amounts rather than actual amounts.

Business

1 answer:

Tasya [4]2 years ago

3 0

Answer:

The statement is True.

Explanation:

Budgeted financial statements are prepared for a future period of time. So that it is easy to anticipate certain fixed and variable costs and allocate financial resources to them.

Also, Budgeted financial statement are useful during the strategic planning process and planning on future business expansions.

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Inflation means:

NARA [144]

Answer:

The correct answer is 'Average prices are rising, but it is not certain what is happening to relative prices'.

Explanation:

Inflation is the overall increase in the prices of goods and services. It is a quantitative measure to understand the change in the prices. In general, inflation means average prices of goods and services are rising. It does not account for the relative prices so it is not certain what is happening to relative prices.

4 0

2 years ago

Suppose that because of a sudden increase in life expectancy, a lot of people decide to save more for what they expect to be a l

DanielleElmas [232]

Answer: d. shift the supply of loanable funds to the right causing the interest rate to fall.

Explanation:

Loanable funds come from the deposits(savings) that people make in financial institutions like banks. If more people were to make deposits, the amount of savings in the system would therefore increase.

To illustrate this increase the supply for loanable funds curve will shift to the right which will cause the interest rates to fall as there is now more supply relative to demand.

4 0

2 years ago

Which of the following statements about globalization is NOT true?

PtichkaEL [24]

A globalization change in a relationship affecting a government

8 0

3 years ago

Which of the following statements regarding earnings per share (EPS) is incorrect?A.EPS reports the amount of income (loss) f

Ray Of Light [21]

Answer:

A. EPS reports the amount of income (loss) for each share of the company's issued common stock.

Explanation:

As we know that

Earning per share (EPS) is

= (Net income - preference dividend) ÷ (Number of outstanding shares)

According to this, the d option is correct also the b option and c are correct as it represents if there is an income from continuing operations so it should be reported in the income statement and it is most widely used for all the business

But the last option is not correct as earning per share reports the income or loss for each and every share based on the outstanding common stock

Hence, the option A is not correct

4 0

2 years ago

49. Marcy Company declared a 100% common stock dividend on January 1, 2005, when the market price of the stock was $7.50. The en

expeople1 [14]

Answer:

C) credit Contributed Capital in excess of par, Common Stock, $25,000

Explanation:

Missing word <em>"Preferred Stock - 6% cumulative, $20 par value, 10,000 shares authorized, 5,000 shares issued and outstanding . .$100,000. Contributed Capital in excess of par value, Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,000. Common Stock, $5 par value, 20,000 shares authorized, 10,000 shares issued and outstanding. . . . . . . . . . . . . . . . . 50,000. Contributed Capital in excess of par value, Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450,000. Total Contributed Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 850,000. Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .150,000. Total Stockholders' Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,000,000"</em>

The journal entry to record the stock dividend will be:

Date Account Titles Debit Credit

Retained earnings $75,000

(10000*7.50*100%)

Common stock dividends distributable $50,000

(10000*100%*$5)

Contributed Capital in excess of par value, $25,000

Common Stock (10000*100%*(7.5-5))

4 0

2 years ago