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3 years ago

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Business

1 answer:

beks73 [17]3 years ago

4 0

Answer:

Business Financial Record

The financial records of a business is a representation of where the money the business earns comes from and where the money is being directed as well as the current status of the money earned, (source, U.S. Securities and Exchange Commission website) Financial records includes; General accounting books, Banking records, debtor's records, creditor's records, expenses records, tax records, grant details, contract records, list of assets, employee payments, cashbook records, and stock records (Source Australian Charities and Not-for profits commission website)

How it relates to entrepreneurship

An entrepreneur, venturing into a business, where capital investments are and resources are put, revenue is collected, stocks are sold, and factors of production such as equipment are purchased, can best maintain the financial health of the business by keeping an accurate and up to date financial record, such that the cash flows are efficiently manage to obtain the right prices and interest rates from suppliers and lenders respectively (Gateway to Commercial Finance website)

Your opinion of how the business will do in the next few months based on its financial records

A business that consistently makes profits and incurs a fixed expenses is expected to grow, while a business that has limited revenue is expected to embark on novel approaches

Explanation:

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Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay?

olga nikolaevna [1]

Answer:

The question is missing stock quotes which are found in the attached.

The maximum price that Norman Pilbarra will pay to buy 400 shares is $103.8 per share.

Explanation:

Judging from the attached stock quotes,the first 200 shares offered for sale is $103.5 per share while the next 200 shares is at a price of $103.8.

This then means that the maximum price for 200 shares is $103.8.This information is derived from the ask prices not bid prices since ask price is for sale,whereas bid is for purchase.

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4 years ago

How are issues such as customer theft and spoilage addressed at year-end?

forsale [732]

In accounting, the inventory is always done annually so inventory must always be accounted for at the year end. In order to address issues such as customer theft or spoilage, you have to minus (it's market value) from the beginning inventory.

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3 years ago

Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sel

adelina 88 [10]

Answer:

Actual Budgeted

Units sold 991,000 1,000,000

Variable costs 1,280,000 1,500,000

Fixed costs 955,000 905,000

Actual Results Flexible Budget Static Budget

Units sold 991,000 991,000 1,000,000

Revenues $9,910,000 $9,910,000 $10,000,000

Variable costs -$1,280,000 -$1,486,500 -$1,500,000

Contr. margin $8,630,000 $8,423,500 $8,500,000

Fixed costs -$955,000 -$905,000 -$905,000

Operating income $7,675,000 $7,518,500 $7,595,000

The static budget only considers standard revenue (units sold and price) and costs (both variable and fixed). While a flexible budget will be calculated using standard costs but with actual units sold and produced. Both static and flexible budgets use the same fixed costs, only variable costs and revenues differ.

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3 years ago

Here is the deal: You can pay your college tuition at the beginning of the academic year or the same amount at the end of the ac

kirza4 [7]

Answer:

Deal, and the best option is to pay the same amount at the end of the academic year.

The reason for this is that if you have that amount in an interest bearing account, the money will earn interest, meaning that after paying the tuition at the end of the year, you will have the interest earned for yourself.

In other words, the present value of your money is the full value of your tuition, while the future value of your money is the value of the tuition plus the interest earned.

Besides, because the time value of money decreases as time passes, the amount you pay in tuition will represent less of your total income at then end of the academic year, than at the beginning.

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4 years ago

Describe the necessary conflict between marketing managers and finance managers. Why is it necessary?

mars1129 [50]

There is necessary conflict between marketing managers and finance managers because they are constantly fighting the battle of where to spend money. Marketing departments want to use money to heavily advertise their company/product, brand themselves within the public eye, conduct research and more whereas finance managers focus soley on the budget and finances of a business. It's important for them to have conflict or each department could be overspending or underspending where necessary if they didn't hold each other accountable.

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4 years ago