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.
Answer:
$18,000
Explanation:
Data provided in the question
Liability policy for 18 months = $36,000
And, the crop damage policy = $12,000 for two years
So by considering the above information, the balance in the ending prepaid insurance account is
= Liability policy ÷ number of years
= $36,000 ÷ 2 years
= $18,000
By dividing the liability policy with the number of years we can get the ending balance and the same is shown above
There are different kinds of loans. If a company obtained a bank loan, it would record that it received asset revenue in exchange for an Asset.
<h3>Is loan received a revenue?</h3>
Loans can be gotten from shareholders or any other person. They are
not grouped as revenue.
When loan is said to be received, the cash is known or regarded as an asset of the borrower.
Assets are known to be cash, accounts receivable, supplies, etc.
Learn more about loan from
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