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Vikki [24]
4 years ago
12

Indicate whether the following statements are true or false.

Business
1 answer:
dezoksy [38]4 years ago
7 0

Answer:

1. False,

2. False,

3. False,

4. True

Explanation:

1. Managerial accounting reports focuses on entire net profit and not specifically the manufacturing and non manufacturing cost, and are not specifically used in the budget process.

2. No financial accounting reports all the finance related issues in details but is not divided into sub units.

3. No managerial reports are not audited, they are for internal controls and are to follow GAAP but not mandatory requirement for audit.

4. Managers are responsible for the management of business, for this the main three steps are: Planning Directing and controlling.

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You are the financial analyst at Sew Mart, an arts and crafts retail store. Your boss has asked you to review the company's fina
mario62 [17]

Answer:

1. It has worsened

2. Yes (refer details below)

3. Refer details below

Explanation:

1. Performance

The performance of the company over the last three years has worsened as indicated by declining sales and decreasing current ratios impacting profitability and liquidity of the company.

2. Concerns

One of the most important concern for the company is its declining sales. It shows that the products are not competitive. Current ratios indicates liquidity crisis since they are decreasing.

3. Recommendations

The company's turnover ratio is high, which may indicates payments are being received timely, and hence the co. should take advantage of that

Low inventory turnover, on the other hand, indicates weaker sales and declining demand for a company’s products which is corroborated by the declining sales trend, the co. must increase its sales, launch new products, advertise aggressively.

8 0
3 years ago
Match the Appropriate Items to the numbers associated with them Question 69 options: Federal Reserve Banks OPEC Oil Embargo begi
aleksklad [387]

Answer:

1. 12

2. 73

3. 33

4. 10

5. 25

6. 94

7. 7

8. 29

Explanation:

1. Federal Reserve Banks is made up of 12 banks.

2. OPEC Oil Embargo begins in 1973.

3. Federal Deposit Insurance Corporation is founded in 1933.

4. Effective Reserve Requirement Ratio is 10

5. Unemployment during the Great Depression reached a height of 25%

6. NAFTA was signed in 1994.

7. Board of Governor's members is 7.

8. The stock market crash that was a leading cause of the Great Depression occurs in 1929.

8 0
3 years ago
When an advertiser has something important or new to announce to a target audience, a(n) ________ headline will be used.
Valentin [98]
Eye catching, bold, commemorative, all of these work hope this helped.
4 0
3 years ago
The Tobler Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in Units 10,00
Paha777 [63]

Answer:

The correct answer is 63,200 kg.

Explanation:

According to the scenario, the computation of the given data are as follows:

Raw material required for production = Production in units × req. raw material per unit

= 16,000 units × 4 kg

= 64,000 kg.

Beginning inventory = (64,000 kg) × 10%

= 6,400 kg

Ending inventory = ( 14,000 × 4 kg) × 10%

= 56,000 kg × 10%

= 5,600 kg

So, we can calculate the budgeted purchases of raw materials by using following formula:

Budgeted purchases of raw materials = Raw material required for production + Ending inventory  - Beginning inventory

= 64,000 kg + 5,600 kg - 6,400 kg

= 63,200 kg

3 0
3 years ago
g If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth:1)A)nothing today)less than $
galben [10]

Answer:

b)less than $500,000 today, but a positive amount.

Explanation:

By the virtue of the concepts of compounding and discounting, we understand that $1 today is worth more that $1 in the future.

Where Pv = Present value

Fv = Future value

r = discount rate

t = time

Fv = Pv ( 1 + r)^t

As such If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth less than $500,000 today, but a positive amount.

5 0
3 years ago
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