Answer: True
Explanation:
A master budget refers to the lower-level budgets that is within an organization, and the financial plan, the cash flow forecasts, and the budgeted financial statements.
The master budget consists of three main components which are the operating budget, financial budget and the capital expenditures budget.
Therefore, the statement is true.
Date of Declaration:
Dr: Retained Earnings 22,850,000
Cr: Common Stock Dividend Distributable 350,000
Cr: Paid-in Capital in Excess of Par-Common 22,500,000
500,000*45 = 22,500,000
22,500,000+350,000=22,850,000
Date of Distribution:
(70%*500,000) = 350,000
Dr: Common Stock Dividend Distributable 350,000
Cr: Common Stock 350,000
Answer:
The false statement is letter "C": A stock buyback refers to the purchase of the firm's shares of stock by the firm's debt holders.
Explanation:
A stock buyback refers to <em>publicly traded companies buying back their shares from shareholders</em> -not debt holders as in option "C". This reduces the number of outstanding shares in the market and typically in simple market dynamics raises the stock price. Companies fund their buybacks with excess cash. since they do not find any other better destination for that money.
TWO recent CSI/CSR initiatives that the chosen Public Company carries-
CSR describes the wider technique to triple-bottom-line subjects of the 3Ps – earnings, people and planet. CSI is one of the sub-additives of CSR and targets to uplift groups in such a manner that the satisfactory of lifestyles is normally stepped forward and safeguarded.
Some examples of CSR in action include:
- Reducing carbon footprint.
- Engaging in charity work.
- Purchasing fair trade products.
- Investing in environmentally conscious businesses.
- Getting involved in volunteer work.
- Improving labor policies.
CSI includes initiatives that are not directly related to boosting a company's bottom line and are carried out outside of its regular business operations. These programs are not primarily driven by marketing goals but instead have a strong developmental perspective and make use of business resources to help and improve communities.
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Answer:
False
Explanation:
A certificate of Deposit or CD is a deposit made into a bank for a specific time. This deposit will earn a fixed interest rate that varies upon the days the deposit is made of. The rule is: Longer the days of the deposit, longer the interest rate paid.
