Answer:
Vijay Bahuguna is the 6th cheif minister of Uttarkand.
Explanation:
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Answer:
Bad Debt Expense = $652
Explanation:
Ending balance [Un-adjusted) = Beginning balance + Credit sales - Cash collected - Written off
Ending balance [Un-adjusted) = $40,000 + $80,000 - $78,200 - $500
Ending balance [Un-adjusted) = $41,300
Allowance For Doubtful Accounts = Beginning balance - Written off
Allowance For Doubtful Accounts = $1,500 - $500
Allowance For Doubtful Accounts = $1,000
Adjusted amount required = $41,300 × 4%
Adjusted amount required = $1,652 Credit
Un-adjusted balance available = $ 1000 Credit
Bad Debt Expense = Adjusted amount required - Un-adjusted balance available
Bad Debt Expense = $1,652 - $1,000
Bad Debt Expense = $652
Answer:
1. Operating plan.
2. Operating plan.
3. Financial plan.
4. Dividend policy.
5. B and C.
Explanation:
1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.
2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.
3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.
4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.
Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.
Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.
Hence, the following statements are true about financial planning;
I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.
II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.
The ending balance in the cash account for the month of july is 25,000
c. an increase in the amount of goods and services produced per head of the population over a period of time.
