Answer:
The board of directors is elected to represent shareholders' interests
Explanation:
Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation. hope this helps you :)
In a bottom-up approach, managers should have a high level of controllability and a high level of involvement in budget setting.
<h3>What is a bottom-up budget approach?</h3>
- Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up.
- Each department within the organization must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections.
<h3>What is top-down and bottom-up budgeting?</h3>
- Departments must create budgets in top-down planning while adhering to the limitations imposed by senior leadership.
- Departments produce their own budget estimates and submit them to top leadership in a bottom-up budget.
- The two strategies are the two types of budgeting that are most frequently used.
<h3>What is bottom-up approach in accounting?</h3>
- Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue.
- This strategy begins with thorough customer or product data before expanding to revenue.
Learn more about bottom-up approach here:
brainly.com/question/19672423
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Answer:
$627
Explanation:
To find the answer, we use the present value of an annuity formula:
![P = A[1-(1+i)^{-n} /i]](https://tex.z-dn.net/?f=P%20%3D%20A%5B1-%281%2Bi%29%5E%7B-n%7D%20%2Fi%5D)
Where:
- P = Present value of the investment
- A = Value of the annuiry
- i = interest rate
- n = number of compounding periods
Now, we plug the amounts into the formula:
![12,600 = A[1-(1+0.0465)^{-60} /0.0465\\]](https://tex.z-dn.net/?f=12%2C600%20%3D%20A%5B1-%281%2B0.0465%29%5E%7B-60%7D%20%2F0.0465%5C%5C%5D)
12,600 = A (20.09870355)
A = 12,600/20.09870355
A = 627
Thus, the value of the monthly payments is $627
Answer:
b
Explanation:
when you flip you buy at a low price, fix it up then sell at a higher price for profit. usually in less than 6 months
Answer:
The correct answer is c. Amount of net income retained in the business.
Explanation:
In any administration of a company, financial information is important and necessary as it is the basis for a good decision, so that the decision taken is sufficient and timely for executives. Financial management is the information that accounting accounts because it is essential for the decision making of the company.
The financial analysis aims to obtain conclusions about the future of the development of the company's activity, on which it is based on all the information presented in the financial statement and requires an analytical ability.
The need for this information ensures that the financial statements are made, since with the financial statements, the financial situation, results of operations and changes in the company's situation are expressed.
The importance of the financial information of a company, formulates the conclusions and information of the entity, of how it is. With this information in general, the future of the company can be evaluated and decisions made, with which the company benefits.
