Answer: income statement and the statement of cash flows
Explanation:
A savings account that pays interest every 3 months is said to have a tri-annual interest period.
Answer:
The most accurate estimate of lost profits is
3) a weighted average that gives twice the weight to the last six months as to the first six months
Explanation:
In this case, after Mr James' suggestions, I consider several options as an estimate of lost profits, which are:
1) The full year: In this case the the entire data for the year would be considered for estimation.
2) The last six months: Here, half of the year's data would be considered for estimation.
3) Weighted average that gives twice the weight to the last six months as to the first six months: This means that the data for the most recent months should be given more weight more than the first six months. It means that the most recent data would be more accurate than that of the first 6months, and the most recent data should be trusted more than the data of the previous 6 months.
Here, a ratio of 2:1 is used to assign weight to the last six months and first six months respectively.
4) Some other weighted average: This is similar to option 3 not same ratio is used, but some other weights could be assigned depending on other factors.
Therefore, the weighted average gives the most accurate estimate of lost profits as in option (3) because it considers the most recent data.
Answer:
a. $425,000
Explanation:
<em>Calculation of compensated absences expense for the year</em>
Closing balance of compensated absences = $150,000
+ Payments made for compensated expenses = $400,000
- Opening balance of compensated absences =<u> - $125,000</u>
Compensated absences expense for the year = $425,000
Answer:
divisions
Explanation:
Divisional organizational structure
can be regarded as structure that organizes the activities of a particular organization or business around a market, geographical, as well as product and service groups. A company could organize on divisional lines by having operating groups for different geographical Locations like in United States or Europe, all the divisions will individually contains complete set of functions, each could handle their different activities such as sales and
accounting activities.
It should be noted that divisions is
the administrative marketing and manufacturing operations that many international firms multinational firms and transnational firms have around the world.
