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Liono4ka [1.6K]
3 years ago
7

Financial managers use data prepared by accountants to develop strategies for improving the financial performance of the firm.

Business
1 answer:
mr Goodwill [35]3 years ago
5 0

Answer:

A

Explanation:

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The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. * Capital Stock was
Valentin [98]

Answer:

$445,000

Explanation:

Calculation for the total assets of Quality Galleries at the end of March

First step is to find the balance in the Cash account at the end of March

Cash account balance =$360,000 - $60,000 - $35,000 + $18,000

Cash account balance = $283,000

Now that we have know the Cash account balance the Second step is to calculate for total assets at the end of March

Total assets = $283,000+ $180,000 - $18,000

Total assets = $445,000

Therefore the total assets of Quality Galleries at the end of March will be $445,000

6 0
3 years ago
Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near ter
Zina [86]

Answer:

<u>PV = 2,464,749.47</u>

Explanation:

Perptuities = ammount/ (rate - growth)

175,000/(0.097-0.038) = $2,966,101.695

This value is two years from the present day.

Notice:<em> "it will be received two years from today"</em>

<em>So we need to adjusted to bring it to present</em>

<em>\frac{Principal}{(1 + rate)^{time} } = PV</em>

\frac{2,966,101.695}{(1 + 0.097)^{2} } = PV

<u>PV = 2,464,749.47</u>

5 0
2 years ago
Which of the following scenarios illustrates cost-push inflation?(1 point)
Crazy boy [7]

Answer:

1. Inflation is best described as _____.

- an upward, general trend of prices in the economy

2. Which of the following scenarios illustrates cost-push inflation?

- An increase in the price of raw materials decreases aggregate supply, pushing prices higher throughout the economy.

3. The Consumer Price Index in 2018 was 251. In 2019, the CPI rose to 257. Calculate the inflation rate from 2018 to 2019. Round your answer to the nearest tenth of a percent.

- 2.4%

4. The Consumer Price Index of any given year provides _____.

- the relative price of a basket of consumer goods as compared to base year prices

5. The rate of inflation in a hypothetical economy is projected to be 1.5% in the coming quarter. Given this information, the Federal Reserve is likely to _____.

- make efforts to raise the inflation rate because 1.5% is below the desired rate of inflation

Explanation:

Mark me braliest

These are 100% correct

3 0
2 years ago
Your company is producing a phone with a new video feature. You need to review design specifications with the production company
Nana76 [90]

Answer: Because it is a private issue that concers only to the company and has to be handled with care, besides, other companies don't have to know about the specifications review.

Explanation: According to Ricks and Gow, “The primary purposes of business letters are to inform, instruct, request, inquire, remit, order, advice, correct and to question.” The basic purpose of any business letter is to <u>convey information</u> regarding business activities.

3 0
2 years ago
Read 2 more answers
A strong internal control system will reduce the amount of substantive testing that must be performed.A ) True B ) False
Doss [256]

Answer:

A) True

Explanation:

The internal control structure deals with the rules, laws, procedures, practices that vary from company to company that are necessary to attain an organization's goals and objectives.

The substantive testing is an audit process aimed at checking the accuracy and reliability of the financial statements. To check if the financial statements are free from any errors, mistakes, fraud, etc. that can change users' decisions.

The financial statements should be relevant, reliable and finalize in all respects.

Therefore, a strong internal system will reduce the quantity of substantive testing required.

4 0
3 years ago
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