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3 years ago

15

1. Which ability does the following example represent? As a financial planner, you advise people about where to invest their mon

ey.
A) assertive
B) persuasive
C) systematic

2 answers:

Ierofanga [76]3 years ago

8 0

Answer:

I think I should be systematic

Explanation:

proper planning entails being systematic.

lora16 [44]3 years ago

5 0

Answer:

c

Explanation:

Systematic

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In this type of budget, the master budget is based on a single prediction for sales volume, and the budgeted amount for each cos

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Answer:

Fixed budget.

Explanation:

A fixed budget can be regarded as financial plan which is not been modified for any variations that could come up in actual activity. In most times some companies may have experience of substantial variations as regards their expected activity levels within the encompassed period of budget as well as the amounts in that budget. The budget cost allowances in a fixed budget for each cost item cannot be changed as regards the variable items. It should be noted that in Fixed budget the master budget is based on a single prediction for sales volume, and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur.

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3 years ago

A good economic theory is best described as one that:: A. Is true. B. Realistically depicts the real world economists are trying

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Answer:

b.

Explanation:

thats my answer my module

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3 years ago

Builder's Outlet just hired a new chief financial officer. To get a feel for the company, she wants to compare the firm's sales

Shkiper50 [21]

Answer:

The answer is: Income statement

Explanation:

As she wants to get information on sales and costs, the Income statement is the statement that she should looking for. With the Balance sheet statement, it only shows information on the financial position reporting the firm's assets, liabilities and owner's equity at a specific point in time rather than the sales and costs firgures during the reporting period.

Furthermore, she should opt for Income statement rather than the common-size income statement because the common-size income statement hardly illustrates any trend during the recent years/ reporting periods, instead, it is only shown each revenue and cost items as percentage of total sales in a specific period.

In the income statement, there should be enough information for the new CFO to find trends on revenues and costs (if any) because the revenue and cost items is detailed enough and at least it should be given the comparision between sales & costs of the reporting period versus the firgures of the previous reporting period.

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3 years ago

Listed below in scrambled order are 11 income statement categories. Rank these categories below in the order they should appear

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Answer:

1. Sales Revenue

Always first in an Income Statement.

2. Cost of Goods Sold

Subtracted from Revenue to find Gross Profit.

3. Gross Profit on Sales

Profit net of Cost of Goods sold.

4. Operating expenses

Expenses from the company's operations including wages and depreciation. Subtracted from Gross Profit to find Operating income.

5. Income from operations

Gross profit net of operating expenses.

6. Other revenues and gains

Added to Operating Income.

7. Income from continuing operations before income taxes

8. Income taxes

Subtracted to find income from continuing operations.

9. Income from continuing operations

10. Discontinued operations

Income from divisions and activities that have been discontinued.

11. Net Income

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3 years ago

The shareholders’ equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2015:

ivolga24 [154]

Answer:

1.

TNL System Journal entries

Date Description DR CR

$'million $'million

a. Feb 5 Treasury Stock 66

Cash 55

<em>Being the purchase of own shares</em>

b. July 9 Cash 26

Treasurt Stock 22

Paid -in- Capital -share repurchase 4

<em> </em><em>Being the resale of treasury stock</em>

<em>c. </em> Nov 4 Cash 16

Paid - in-capital- share repurchase 5

Retained earnings 1

Treasury stock 22

<em>Being the resale of treasury stock below the cost</em>

2. Balance Sheet as at December 31, 2018

$'million

Equity

Common stock, 230 ,illion shares at $1 230

Paid-in-excess capital of par 1,830

Retained Earnings ( 1,400 - 1 -1,399) <u> -</u>

2,060

Treasury Stock <u> (22)</u>

Total Equity <u> 2,038</u>

Explanation:

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3 years ago