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natka813 [3]
3 years ago
8

Which of the following statements is correct?a. The role of Finance is to use the numbers developed through accounting to aid in

decision making.b. The role of Finance is to use the accounting data to make all the decisions of the firm.c. The role of Finance is to make sure the firm shows a profit on its books.d. The role of Finance is to make sure the accountants are doing their job.
Business
1 answer:
olganol [36]3 years ago
3 0

Answer:

a. The role of Finance is to use the numbers developed through accounting to aid in decision making.

Explanation:

Finance department is solely responsible for making any conclusions from the financial statements.

Accounts basically helps in maintaining and preparing the financial statements and it represents the true and fair view.

But all the conclusions are drawn by the finance department.

That is the basic role of financing to help the management, draw conclusions and from such conclusions the decisions for further running the business.

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Llywelyn, Inc. reports the following information for​ July: Sales Revenue $ 1 comma 000 comma 000 Variable Costs 200 comma 000 O
trapecia [35]

Answer:

A. $ 420,000

Explanation:

We have to find the missing information

Sales revenues            1,000,000

variable cost              <u>    (200,000)</u>

Contribution Margin       800,000

Fixed Cost                <u>            X         </u>

Operating Income          380,000

Contribution margin - operating income = fixed cost

$800,000 - $380,000 = fixed cost

fixed cost =   $420,000

6 0
3 years ago
A rectangular floor measures $a$ feet by $b$ feet, where $a$ and $b$ are positive integers with $b &gt; a$. An artist paints a r
DENIUS [597]

The number of possibilities that are there for the ordered pair is 2.

<h3>Calculation and Parameters
</h3>

Because the unpainted part of the floor covers 1/2 of the area, then the painted rectangle covers 1/2 of the area as well.

Given that the border width is 1 foot, the dimensions of the rectangle are a-2 by b-2.

Making an equation:

ab= 2((a-2)(b-2))

ab= 2ab-4a-4b+8

ab-4a-4b+8=0

If we apply Simon's Favorite Factoring Trick,

ab-4a-4b+16= 8

(a-4)(b-4)= 8

Since b > a, then we have the possibilities

(a-4) = 1 and (b-4) = 8, or (a-4) = 2 and (b-4) = 4.

(5, 12) or (6,8) which gives us 2 possibilities.

Read more about possibilities here:

brainly.com/question/25870256

#SPJ1

8 0
2 years ago
Flounder Corporation reported net income of $331,840 in 2020 and had 186,000 shares of common stock outstanding throughout the y
m_a_m_a [10]

Answer:

Diluted earnings per share is $1.7 per share

Explanation:

The number of diluted  shares from the options is calculated thus

Total number of shares from options                                     34,500      

Actual number of shares that can be purchased

(options shares*option price/share market price)

(34,500*$11/$15)                                                                        (25,300)

Diluted shares                                                                           9,200

Diluted earnings per share=net income/(outstanding common stock + diluted common stock)

net income is $331,840

outstanding common stock is 186,000

diluted common stock is 9200

diluted earnings per share=$331,840/(186,000+9200)

                                            =$1.7 per share

3 0
3 years ago
The transparency of competitive advantage refers to the extent to which
kolbaska11 [484]
The transparency of a competitive advantage refers to the extent to which COMPETITORS CAN IDENTIFY THE REASONS FOR THE COMPETITIVE ADVANTAGE OF ANOTHER COMPANY.
The transparency refers to the speed at which other companies can identify and understand the relationship of resources and capabilities that is supporting a successful company strategy.
7 0
3 years ago
As security becomes more important, most routers now have software that enables the network manager to create a(n) _______ that
Elan Coil [88]

Answer:

Access Control List

Explanation:

An access control list is a table that tells a computer operating system(windows, Mac-os, Linux) which access rights a user or group of users have to certain object on the computer system. The object to be accessed may range from an individual file to a directory.

The most commonly allowed accesses includes the ability to read files, execute files (i.e if the files is executable; .exe), write to the file.  

3 0
3 years ago
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