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tino4ka555 [31]
3 years ago
6

The first step of the accounting cycle is to

Business
1 answer:
patriot [66]3 years ago
6 0

d: analyze business transactions

before you can start your process cycle you need to analyze what you have.

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Overview of financial planning
VMariaS [17]

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.

6 0
3 years ago
How does money encourage specialization?
svlad2 [7]

Hi I think it might be the second option: <u>You can specialize in mechanics and still be able to feed your family without growing your own food.</u> I say this because the key word specialization used in the question and specialize.

Honestly taking a test with this same question at the moment and i am just taking a wild guess here. Im sorry if i got it wrong but good luck.

8 0
3 years ago
Read 2 more answers
The skills embodied in workers through experience, education and on-the-job-training are known as _____.
PtichkaEL [24]

The skills embodied in workers through experience, education and on-the-job-training are known as human capital.

<h3><u>What is human capital?</u></h3>
  • Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." It includes the education, health, and knowledge of the workforce.
  • Individual incomes are significantly impacted by human capital. According to research, making investments in human capital pays off handsomely throughout youth and young adulthood.
  • Through education and training, for instance, businesses can invest in human capital, enabling higher standards of quality and output.

Paul Romer, who created the current innovation-driven approach to comprehending economic growth, was jointly awarded the 2018 Nobel Prize for Economics as a result of his conceptualization and modeling work incorporating Human Capital as a crucial aspect.

Know more about human capital with the help of the given link:

brainly.com/question/1415400

#SPJ4

6 0
1 year ago
Economic expansion throughout the rest of the world raises the world interest rate. Use the Mundell–Fleming model to illustrate
Kobotan [32]

Answer: The answer is provided below

Explanation:

The fiscal expansion in the rest of the world will lead to an increase in the world interest rate and a decrease in the domestic investment.

As a result, a rise in the world interest rate will lead to an increase in the national income and also lower the nominal exchange rate.

The diagram has been attached.

5 0
3 years ago
Which kind of economic system does a socialist country have?
Ann [662]
The answer is D) mixed
5 0
3 years ago
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