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3 years ago

What is the role of financial accounting in a business

Business

1 answer:

Sati [7]3 years ago

6 0

Answer:

Financial accounting is responsible for preparing the organization's financial statements—including the income statement, the statement of owner's equity, the balance sheet, and the statement of cash flows—that summarize a company's past performance and evaluate its current financial condition.

Explanation:

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3 years ago

Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the m

sashaice [31]

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Please see attachment

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Please see attachment

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4 years ago

Which of the following demand data exhibit(s) a seasonality pattern?

Luba_88 [7]

Answer:

b. Electricity usage over a 24 hour period

Explanation:

Seasonality pattern of demand refers to the want or desire for a good which fluctuates as per the seasonal requirements. For example the demand for air conditioners is most during summers and almost nil during winters.

In the given case, Electricity represents seasonal demand in the sense that during day time, when several tasks are to be performed which are dependent on electricity, the usage is most and such usage falls as one moves towards the evening.

Thus, electricity usage over a 24 hour period represents seasonality pattern of demand.

6 0

4 years ago

You are planning to save for retirement over the next 30 years. To do this, you will invest $700 a month in a stock account and

Vedmedyk [2.9K]

Answer:

Monthly withdraw= $5,870.6

Explanation:

Giving the following information:

Stock:

Monthly deposit= $700

Interest rate= 0.075/12= 0.00625

Number of periods= 30*12= 360

Bond:

Monthly deposit= $400

Interest rate= 0.055/12= 0.0045833

Number of periods= 30*12= 360

First, we need to calculate the value of the investment at the moment of retirement:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Stock:

FV= {700*[(1.00625^360) - 1]} / 0.00625

FV= $943,211.797

Bond:

FV= {400*[(1.00458^360) - 1]} / 0.00458

FV= $365,447.415

Total FV= $1,308,659.212

Now, the monthly withdrawal:

Interest rate= 0.025/12= 0.002083

Number of periods= 25*12= 300

Monthly withdraw= (FV*i) / [1 - (1+i)^(-n)]

Monthly withdraw= (1,308,659.212*0.002083) / [1 - (1.002083^-300)]

Monthly withdraw= $5,870.6

7 0

3 years ago

What did you notice at the wal-mart shareholders meeting? do you think this is different from other shareholders' meetings? why?

UkoKoshka [18]

According to my observation, The shareholder meeting was scheduled to discuss the issue of increasing the limit of minimum wage per hour for the employees. It is different from other shareholders' meetings has it was only conducted to improve the strong market value of the shares.

Explanation:

The employees of the Wal-Mart organization pinpointed their issue to the higher level hierarchy level management. They addressed the issue of about demanding the larger ceiling for the minimum wage up to $15 per hour. It was fixed as $10 per hour for the employees.

The management also realized the need to ensure economic support for the common employees. So they conveyed the decision of increasing the minimum support wages up to $15 per day in shareholders' meetings held recently. So it was considered as the different one from other held meetings.

Apart from searching for the solution of issues from the shareholders' perspective, The meetings were mainly conducted to finalize the decision of increasing the minimum wage support.

3 0

3 years ago

What is the role of financial accounting in a business​

What is the role of financial accounting in a business