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3 years ago

What is the most important about the Finance Manager of an agency?

1 answer:

3 0

Often, controllers oversee the accounting, audit, and budget departments. Treasurers and finance officers direct their organization's budgets to meet its financial goals. They oversee the investment of funds. They carry out strategies to raise capital (such as issuing stocks or bonds) to support the firm's expansion.

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Willow Wanderer Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1,

ANTONII [103]

Answer:

The statement would be:

Date: October 31, 2019

Net Income $680,700

Cash dividends $50,000

Stock dividends $127,000

Retained earnings $503,700

The retained earnings are equal to the sum of declared dividends substracted from the net income.

3 0

3 years ago

Elaina and Allen just purchased a home using a deed of trust. Which of the following is most likely true about their home loan

kozerog [31]

Elaina and Allen just purchased a home using a deed of trust: A trustee will keep the title in its most basic form until the debt is paid off. This is further explained below.

<h3>What is a deed of trust?</h3>

Generally, From the perspective of the lender, a deed of trust offers a significant advantage over a mortgage in a number of important respects. In the event that the borrower fails to make their required payments on the loan, the trustee has the authority to use their right to foreclose on the property on behalf of the beneficiary.

In conclusion, A deed of trust was used in the recent purchase of a property by Elaina and Allen. Until the mortgage debt is completely paid off, a trustee will retain the title in its simplest form.

Read more about the deed of trust

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3 0

2 years ago

As an elected official, you have been informed that real GDP is below its potential and that action should be taken to encourage

telo118 [61]

Answer:

The answer is 2.5

Explanation:

Mpc = marginal propensity to consume

Mps = marginal propensity to save

Multiplier = 1/ 1-mpc= 1/ mps

Multiplier = 1/ 1-0.6 = 1/ 0.4 = 2.5

8 0

3 years ago

Brian Cartwright is a single taxpayer who itemizes deductions and has no dependents. Since Year 1, Brian has owned a 50% interes

ankoles [38]

Answer:

Following are the solution to the given points:

Explanation:

For point 1:

$=\$22500\times 50\%\\\\=\$22500\times \frac{50}{100}\\\\=\$112500$

For point 2:

$=\$48000\times 50\%\\\\=\$48000\times \frac{50}{100}\\\\=\$24000$

For point 3:

$=\$5000\times 50\%\\\\=\$5000\times \frac{50}{100}\\\\=\$2500$

For point 4:

$=\$20000\times 50\%\\\\=\$20000\times \frac{50}{100}\\\\=\$10000$

For point 5:

$=\$40000\times 50\%\\\\=\$40000\times \frac{50}{100}\\\\=\$20000$

For point 6:

$=\$3000 \times 50\%\\\\=\$3000 \times \frac{50}{100}\\\\=\$1500$

For point 7:

$=\$6000\times 50\%\\\\=\$6000\times \frac{50}{100}\\\\=\$3000$

For point 8:

$=\$1000 \times 50\%\\\\=\$1000 \times \frac{50}{100}\\\\=\$500$

8 0

3 years ago

Select all that apply Transfer prices: (Check all that apply.) Multiple select question. are not used in investment centers. are

nata0808 [166]

Answer:

B. are transfers within the same company.

C. have a direct impact on division profits.

Explanation:

Transfer prices can be defined as the amount of money (prices) that is being charged by a division in a business firm for the goods and services provided to another division within the same business firm. Thus, the output of the selling division automatically becomes the input of the buying or receiving division.

The characteristics of transfer prices includes;

I. Are transfers within the same company.

II. Have a direct impact on division profits.

3 0

3 years ago