Answer: Option C
Explanation: In simple words, revenue variance refers to the difference between the revenue one expects to earn as per the budget made for a specified period of time and the revenue it actually earned in that time.
Organisations calculate revenue variance to identify the reasons they are not performing well or the qualities they are performing more than expected.
This measure helps organisation in decision making as to whether they should make changes in their process, and if so then wheat changes, or should remain as they are.
Answer:
C. requires visionary and directional thinking
Explanation:
Strategic planning: This planning applies to the long-term planning regarding available resources, costs and time that helps to achieve an organization's goals and objectives efficiently and effectively by considering the strategic vision, and strategic mission of the company
It also deals with the long term decisions that help the organization in a better way with respect to the better returns in terms of profit
Answer:
The cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method would be $108,099
Explanation:
Cash Flow from Operating Activities adjusts the Net Income for the Year with (1) Non-Cash Items, (2) Items Appearing Elsewhere (3) Changes in Working Capital.
From the given data Net Cash flow from Operating Activities is Determined as follows:
<u>Cash flow from Operating Activities</u>
Net income $124,042
<em>Adjustment for Changes in Working Capital.</em>
Increase In Trade Receivables (61,370-45,427) ($15,943)
Net Cash flow from Operating Activities $108,099
Answer: Reconciled ending balance of cash=$7,925
Explanation:
Bank reconciliation is used by companies to reconcile thier ledger balances and that of their bank's balance and to make necessary adjustments where necessary.
BanK Reconcillation on August 31, 2021
Bank cash balance $6,012
add
Deposit outstanding +$3,308
deduct :
Checks outstanding -$1,395
Bank balance reconciliation $7,925
Company's book balance $7,914.
add:
interest earned + $43
deduct:
service fees - $32
Company balance reconciliation $7,925
Running a company and protecting the interests of owners and other stakeholders is known as <u>Corporate Governance</u>.
<h3>What is a Corporate Governance?</h3>
Basically, the corporate governance refers to the system by which companies are directed and controlled.
The Boards of directors are responsible for the governance of their companies while the shareholders' role in governance is to appoint the directors.
Therefore, the running of a company and protecting the interests of owners and other stakeholders is known as corporate Governance.
Read more Corporate Governance
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