Answer:
All statements are TRUE except Option "A"
Explanation:
Accounting control history is used for policy-making objectives, and historical information is redundant.
- Managerial accounting is used for short-and long-term decision making that involve overall financial health. It helps businesses make administrative decisions–meaning to help increase the efficiency and productivity of the business–while also helping to make long-term investment decisions.
Therefore,all answers are correct except "A"
Answer:
1)
Some of the major reasons why Garden Haven might to choose to either invest in debt or equity securities are as follows;
- They want to generate earnings. It is better to earn money from excess cash than keep it idle.
- They invest in debt or securities because they provide liquidity. Investments in debt or securities can be sold through exchange the day decision is taken to see and convert it cash
.
- To meet cyclical cash needs.
- They may have policies as regard to quantum of cash that can be kept
.
2)
In terms of classification, Garden Haven's investment falls in short term investments.
Investments made for a period less than a year are classified as short term investments. Investments made for longer than one year are classified as long term investments. Since Garden Haven is making this investment for four months, this is be classified as short term investment.
Usually a product or a service to the surrounding community or communities
Answer:
The answer would be strategic planning
Explanation:
Strategic planning is usually a long-term process. The process involves carrying out a situation analysis and formulating the company's objectives, mission statement, strategies and value prepositions. A situation analysis involves evaluating the organization's external environment (factors outside a firm's control) and internal environment (factors a firm can control).
Answer:
D. Person C
Explanation:
Taxable income is the difference between the gross pay and all authorized deduction.
For person A : taxable income = $50,000 - $5000 = $45,000
For Person B: taxable income =$60,000 - $10,000 = $50,000
For Person C: taxable income= $90,000 - $30,000 = $60,000
For Person D: taxable income=$ 100,000 - $60,00= $40,000
Person C has the highest taxable income with $60,000
