Answer with Explanation:
The decision making under the conditions of uncertainty:
Uncertainty is an unquantifiable outcome of a decision that can not be mathematically modeled whereas risk is a quantifiable outcome of a decision that can be mathematically modeled.
The expected value method helps in decision making related to uncertainty are making prudent estimates of cash flow by using expected value.
Expected value considers every outcome under uncertainty and computes all of the expected value for each outcome. The outcome that gives highest expected value is said to be best case and likewise the outcome that gives lowest expected value is said to be worst case.
Suppose that two projects gives the same expected value, then the decision will be based on the degree of uncertainty which means the project that has lowest uncertainty of returns will be our choice.
The deviation of the expected value from required return on a project can be measured as a Degree of uncertainty that helps in understanding to what extent the return will be not as per the expectation. The Precise Measurement of uncertainty can be calculated by inclusion of standard deviation to estimate expected value of the decision taken.
The expected money value is the monetary value that a particular decision will generate. In expected monetary value the decision is based on the weighted average of best case and worst case. The value derived is average thus the standard deviation would be very low which means that the calculation was precise. Decision trees are used in precise measurement of cash flow related to each expected outcome and deriving a weighted average value.
Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Chester has obtained a productivity index of 109.4%. This means that Chester's labor costs would be increased by 9.4% if it did not have these productivity improvements. This is a competitive advantage that Chester can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Chester's Annual Report. How much did Chester's productivity improvements save it in direct labor costs (in thousands) last year?
a) $3,143
b) $3,065
c) $29,809
d) $821
Note:
I wasn't able to access the Chester Income Statement but I successfully accessed a similar question Digby.
The Complete Question is as under:
Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Digby has obtained a productivity index of 109.6%. This means that Digby's labor costs would be increased by 9.6% if it did not have these productivity improvements. This is a competitive advantage that Digby can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Digby's Annual Report. How much did Digby's productivity improvements save it in direct labor costs (in thousands) last year?
A. $766
B. $29818
C. $3137
D. $3211
Answer:
Option D. $3,137
Explanation:
The Productivity Index of 9.6% shows that if the improvement plan is implemented then the efficiency gains would result in saving of 9.6% of total direct cost. So if we total the direct cost for the year for all of the four products then we have an amount of $32,680 which is given at the second last column.
The amount saved last year would be:
Savings = $32,680 * 9.6% = $3,137
Hence the option C is correct here.
A perpetuity has a PV of $ 29 comma 000. If the interest rate is 7%, how much will the perpetuity paid every year
Answer:
The perpetuity payment per year was $2030
Explanation:
A perpetuity is a series of cash flows that are constant, occur after equal intervals of time and are for infinite period of time or are perpetual. Thus, it is like and annuity but with an infinite time period. The formula for the present value of of perpetuity is,
PV of Perpetuity = Cash Flow / r
Where,
r is the required rate of returnAs we already know the present value of perpetuity and the required rate of return, we can input these values in the formula to calculate the annual perpetuity payment or cash flow.
29000 = Cash Flow / 0.07
29000 * 0.07 = Cash Flow
Cash Flow = $2030
_____ tend to outperform during an economic slowdown. a. Consumer durable goods b. Consumer staples c. Cyclical companies
Answer:
Option C, Cyclical companies, is the right answer.
Explanation:
Option C, “Cyclical companies” is the correct answer because the cyclical companies are sensitive to the business situation or cycle. During the economic prosperity, the revenue of these type of firms is expansionary and higher. While in the situation of economic slow down the performance of these companies goes on decreasing or outperform and its operation starts contracting in the adverse economic situation. Therefore. The option “Cyclical companies” is the right answer.
In an enterprise resource planning (ERP) system, the _____ component provides information on production costs and pricing.
Answer: manufacturing
Explanation:
In an enterprise resource planning (ERP) system, the manufacturing component provides information on production costs and pricing.
Enterprise Resource Planning is the gathering and organization of business data by using an integrated software suite.
It should be noted that ERP software typically contains applications that helps in automating certain business functions such as sales quoting, production, accounting etc
Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. What is the real deficit or surplus
Answer:
Real deficit is -$100 billion.
Explanation:
Since we have a nominal deficit in the question, what we are to calculate is the real deficit.
The real deficit can be described as the actual or nominal deficit that has been adjusted for the effect of inflation on the debt. Therefore, the real deficit can be calculated using the following formula:
Real deficit = Nominal deficit - (Debt * Inflation rate) ................. (1)
From the question, we have:
Inflation rate = 20%
Debt = $2 trillion = $2,000,000,000,000
Nominal deficit = $300 billion = $300,000,000,000
Substituting the values into equation (1), we have:
Real deficit = $300,000,000,000 - ($2,000,000,000,000 * 20%)
Real deficit = $300,000,000,000 - $400,000,000,000 = -$100,000,000,000 = -$100 billion
Therefore, real deficit is -$100 billion.
Journalize the entries to record the following transactions:
1. Mar. 10: 500 units of raw materials were purchased on account at $4.00 per unit.
2. Mar. 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.
3. Mar. 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.
Answer:
1. Mar. 10: 500 units of raw materials were purchased on account at $4.00 per unit.
March 10, 202x, 500 units of raw materials purchased on account:
Dr raw materials inventory 2,000
Cr Accounts payable 2,000
2. Mar. 15: 250 units of raw materials were requisitioned at $4.50 per unit for production, Job 872.
March 15, 202x, 250 units of raw materials requisitioned for Job 872
Dr Work in Process 1,125
Cr Raw materials inventory 1,125
3. Mar. 25: 215 units of raw materials were requisitioned at $5.00 per unit for production, Job 879.
March 25, 202x, 215 units of raw materials requisitioned for Job 879
Dr Work in Process 1,075
Cr Raw materials inventory 1,075
Ash Company reported sales of $550,000 for Year 1, $600,000 for Year 2, and $650,000 for Year 3. Using Year 1 as the base year, what is the revenue trend percent for Years 2 and 3
Answer:
1. 109.1%
2. 118.2%
Explanation:
With regards to the above, since revenue is increasing and also since year 2 and year 3 have higher revenues than year 1,
Therefore,
Year 2 = ( $600,000 / $550,000 ) * 100
= 109.1%
Revenue trend percent for year 2 is 109.1%
Year 2 = ( $650,000 / $550,000) * 100
= 118.2%
Revenue trend percent for year 3 is 118.2%
The federal income tax law allows individuals whose property is destroyed by a natural disaster such as a fire or hurricane to reduce their taxable income by the amount of their financial loss. This rule is intended to improve the
Answer: Horizontal Equity of tax
Explanation:
The Horizontal equity of cash is a logic that people of similar assets and income should be paying the same taxes thereby encouraging tax neutrality.
A person whose property is destroyed by a natural disaster such as a fire or hurricane will see their tax paying ability diminished and so should be paying a tax that is reflective of their reduced number of assets and the money they will have to pay to replace it.
Viejol Corporation has collected the following information after its first year of sales. Sales were $1,440,000 on 120,000 units, selling expenses $210,000 (40% variable and 60% fixed), direct materials $504,000, direct labor $169,400, administrative expenses $276,000 (20% variable and 80% fixed), and manufacturing overhead $382,000 (70% variable and 30% fixed. Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
(a) Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)
(b) Compute the break-even point in units and sales dollars for the current year.
(c) The company has a target net income of $200,000. What is the required sales in dollars for the company to meet its target?
Answer:
a. (1). 25 % and 25 %
a. (2). $461,400
b. 153,800 units
c. $1,845,600
d. $2,645,600
Explanation:
Contribution margin = Contribution / Sales × 100
Where
Contribution margin = Sales - Variable Cost
Current
Sales $1,440,000
Variable Costs :
Selling expenses $84,000
Direct materials $504,000
Direct labor $169,400
Administrative expenses $55,200
Manufacturing Overheads $267,400 ($1,080,000)
Contribution $360,000
Contribution margin = $360,000 / $1,440,000 × 100
= 25 %
Projected
Sales ( $12 × 120,000 × 1.10) $1,584,000
Variable Costs :
Selling expenses ($84,000/120,000 × 132,000) ($92,400)
Direct materials ($504,000/120,000 × 132,000) ($554,400)
Direct labor ($169,400/120,000 × 132,000) ($186,340)
Administrative expenses ($55,200/120,000 × 132,000) ($60,720)
Manufacturing Overheads ($267,400/120,000 × 132,000) ($294,140)
Contribution $396,000
Contribution margin = $396,000 / $1,584,000 × 100
= 25 %
Fixed Costs Calculation :
Selling expenses ($210,000 × 60%) $126,000
Administrative expenses ($276,000 × 80%) $220,800
Manufacturing Overheads ($382,000 × 30%) $114,600
Total Fixed Cost $461,400
Break Even Point (Units) = Fixed Costs ÷ Contribution per unit
= $461,400 ÷ ($360,000 ÷ 120,000)
= 153,800 units
Break Even Point (Dollars) = Fixed Cost ÷ Contribution Margin
= $461,400 ÷ 0.25
= $1,845,600
Sales to Reached Target Profit = (Fixed Cost + Target Profit) ÷ Contribution Margin
= ($461,400 + $200,000) ÷ 0.25
= $2,645,600
If a Municipal Finance Professional gives more than $250 to an elected official's campaign in which the MFP is entitled to vote, then the:__________
Answer: municipal securities firm which employ the MFP will be banned for 2 years from having any dealings in business involving municipal securities with that issuer.
Explanation:
It should be noted that the maximum amount that an MFP can give to the campaign of an elected official whereby the MFP can vote is $250.
Therefore, when a Municipal Finance Professional gives more than $250 to an elected official's campaign in which the MFP is entitled to vote, then the municipal securities firm which employ the MFP will be banned for 2 years from having any dealings in business involving municipal securities with that issuer.
The effect of convertible preferred stock on the computation of Diluted EPS is based on which method?
Available Options Are:
a. If Converted
b. Treasury Stock
c. Retroactive
d. Cumulative
Answer:
Option A. If Converted
Explanation:
The diluted Earnings Per Share helps in understanding the tailoring picture of the entity by assuming that all the convertibles are exercised. This assumption gives us understanding that how much in fact our shares are earning. This means the assumption is If Converted and the option A is correct.
Treasury Stock method deals with the generation of stock due to in the money warrants and share options which is not connected with the convertibles. Hence the option B is incorrect.
Option C is also incorrect because retroactive adjusted previous balances for the sake of changes in policies and this is for bringing fairness to the statement of financial statements. It means it is not concerned with converting convertibles into ordinary shares.
Option D is incorrect because the in this method the accumulating of earnings of the company by taking the difference of 2 openings Retained earnings with prior method and new method and the net effect is reported in the financial statements retrospectively as it is considered a change in policy. This means it is not connected with the convertibles assumption and the option D is incorrect.
The difference between a traditional format income statement and a contribution format income statement is:_______.
a. that the traditional format organizes costs into cost of goods sold and selling and administrative expenses, while the contribution format organizes costs into variable and fixed costs.
b. that the traditional format organizes costs for internal use only, while the contribution format organizes costs for stockholders and creditors.
c. that the traditional format calculates gross margin which is equal to cost of goods sold minus fixed costs, while the contribution format calculates contribution margin which is cost of goods sold minus variable costs.
d. that the traditional format organizes costs by cost behavior, while the contribution format organizes costs by function.
Answer:
(a) that the traditional format organised cost into cost of goods sold and selling and administrative expenses while contribution format organizes cost into variables and fixed cost
The difference between a traditional format income statement and a contribution format income statement is that the traditional format organizes costs into cost of goods sold and selling and administrative expenses, while the contribution format organizes costs into variable and fixed costs. Thus, the correct option is A.
What are the different formats of income statements?
The income statement reports on the revenues, expenses, and profits of an organization. The two main types of income statements are a traditional format income statement and a contribution format income statement.
A traditional format income statement is a report in which a company's net income is calculated using both the production costs and the amount of units which are sold by the company.
A contribution format income statement is a special kind of income statement format which segregates the variable and fixed expenses involved in running a business. It shows all the revenues which are generated after deducting all the variables and fixed expenses separately from the business.
Therefore, the correct option is A.
Learn more about Format income here:
https://brainly.com/question/21886609
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What are the portfolio weights for a portfolio that has 134 shares of Stock A that sell for $44 per share and 114 shares of Stock B that sell for $34 per share? (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., .1616.)
Answer:
Weight of stock A = 60.33%
Weight of stock B= 39.66%
Explanation:
Stock A has 134 shares that is sold at $44
Stock B has 114 shares that is sold at $34
The total market value of stock A can be calculated as follows
= 134×44
= 5,896
The total market value of stock B can be calculated as follows
= 114×34
= 3,876
Total value of both stocks = 5,896+3,876
= 9,772
Therefore the weights of the portfolio can be calculated as follows
Weight of stock A = 5896/9772
= 0.603×100
= 60.33%
Weight of stock B
= 3876/9772
= 0.3966×100
= 39.66%
Why does the self-correcting mechanism stop working when the policy rate hits the zero lower bound?
The available options
A. The self-correcting mechanism stops working because the falling inflation produced by a negative output gap produces higher rather than lower real interest rates when the policy rate hits the zero lower bound, and this increase depresses planned spending and further widens the output gap.
B. The self-correcting mechanism stops working because the falling inflation produced by a negative output gap produces lower rather than higher real interest rates when the policy rate hits the zero lower bound, and this decrease depresses saving and investment and therefore further widens the output gap.
C. The self-correcting mechanism stops working because the rising inflation produced by a negative output gap produces lower rather than higher real interest rates when the policy rate hits the zero lower bound, and this decrease depresses planned spending and further widens the output gap.
D. The self-correcting mechanism stops working because the rising inflation produced by a positive output gap produces lower rather than higher real interest rates when the policy rate hits the zero lower bound, and this decrease enhances planned spending and further widens the output gap.
Answer:
A
Explanation:
For a given situation in the question above the correct answer is Option A, which is: The self-correcting mechanism stops working because the falling inflation produced by a negative output gap produces higher rather than lower real interest rates when the policy rate hits the zero lower bound, and this increase depresses planned spending and further widens the output gap.
A company issued 260 shares of $100 par value common stock for $31,000 cash. The total amount of paid-in capital in excess of par is:
Answer:
The total amount of paid-in capital in excess of par is: $5,000.
Explanation:
When Common Stocks are classified as par value Stocks, any price paid in excess of the par value of the Stock is accounted for in the Share Premium account.
Here is the Summary of the Transaction provided.
Common Stocks : 260 shares × $100 = $26,000
Paid-in capital in excess of par : $31,000 - $26,000 = $5,000
On September 1, 2021, Blue Co., issued $1,600,000 of its 10% bonds at 98 plus accrued interest. The bonds are dated June 1, 2021 and have an effective interest rate of 11%. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Blue would receive cash of:
Answer:
$1,536,768 (look at explanation)
Explanation:
the question is missing the options which would help to determine the clean price using accrued interests and the YTM formula, or it is missing the years to maturity. Since I cannot guess any options (they are infinite), but I can use a 10 year to maturity period to solve it as an example:
in order to determine the clean market price of the bonds we can use the approximate yield to maturity formula (for 1,600 bonds of $1,000):
0.055 = {50 + [(1,000 - MV)/20]} / [(1,000 + MV)/2]
0.055 x [(1,000 + MV)/2] = 50 + [(1,000 - MV)/20]
0.055 x (500 + 0.5MV) = 50 + 50 - 0.05MV
27.5 + 0.0275MV = 100 - 0.05MV
0.0775MV = 72.50
MV = 72.50 / 0.0775 = $935.48
since the bonds yield a higher rate than coupon rate, they were sold at a discount at approximately $935.48 each
accrued interest per bond = $1,000 x 10% x 3/12 = $25
dirty price per bond = $935.48 + $25 = $960.48
total cash received = $960.48 x 1,600 = $1,536,768
Answer:
Blue would receive cash of $1,608,000.
Explanation:
The amount of cash Blue would receive is the addition of the of price of the bonds and interest from June 1, i.e. the bond date, to September 1, i.e. the issue date.
These can be calculated as follows:
Price of the bonds = $1,600,000 * 98% = $1,568,000
Interest = $1,600,000 * 10% * (3 months / 12 months) = $1,600,000 * 10% * 0.25 - $40,000
Amount received by Blue = Price of the bonds * Interest = $1,568,000 + $40,000 = $1,608,000
Therefore, Blue would receive cash of $1,608,000.
Note that the question reads Interest is payable semiannually on June 1 and December 1. This implies that the accrued interest is not payable yet on th September 1 but it will be paid on December. This is why the accrued interest is added to the cash received by Blue in order to hold it till December 1 when it will be paid.
ABC declared a property dividend. The dividend consisted of 10,000 common shares of its investment in XYZ Company. The shares had originally been purchased at $4 per share and had a $1 par value. The value of the shares on the declaration date is $7 per share. What is the first entry that should be recorded related to this dividend? a. Retained earnings 70,000 Property dividends payable 70,000 b. Retained earnings 70,000 Property dividends payable 40,000 Gain 30,000 c. Investment in XYZ 30,000 Retained earnings; 30,000 d. Investment in XYZ 30,000 Gain 30,000
Answer:
D. Investment in XYZ 30,000 Gain 30,000
Explanation:
The value of shares have increased from $4 to $7. Which means they are now increased by 30,000 (10,000 x $3). The question refers to the increase in value of Shares rather than buying them at new value and therefore, Option A is incorrect.
While the question does mentions declaration of property dividend, it does not mention by how much the same was paid. Hence, the entry of Option B is also incorrect.
When value of Shares are increased then it results in Gain in Shares and effects the Balance Sheet rather than the Income Statement. Therefore, the entry recording Retained Earnings in Option C is incorrect.
Option D is correct, as the Investment in XYZ has increased by 30,000 and simultaneously it has resulted in Gain by 30,000. Hence, this is the first entry that should be recorded.
What is the correlation coefficient of the relationship between the average weekly hours spent studying and the score on the final exam?
0.5049 is the Multiple R value. Remember that for single variable linear regression, Multiple R, which is the square root of R2, is equal to the absolute value of the correlation coefficient. The regression coefficient for Average Weekly Hours Studying (0.03, as shown in the bottom table of the output) is positive, so the slope is of the regression line is positive. Therefore, the correlation coefficient must also be positive.
Answer:
hello some parts of the question is missing attached below is the missing part
answer : Multiple R = 0.5049 (correlation coefficient )
Explanation:
The correlation coefficient of the relationship between the average weekly hours spent studying and the score on the final exam can be determined/calculated via the relationship between the average weekly hours spent studying and the score of the final exam.
To find the correlation coefficient we will find the square root of R squared
[tex]\sqrt{R - SQUARED } = \sqrt{0.2549} =[/tex] 05049
Which type of writing is best for business letters Business letters should use A:descriptive Bflowery C:informal D:precise
Answer:
I would guess D precise
Answer:
precise (D)
Explanation:
Some experts believe that the growth in e-commerce will cause states and local governments to lose tax revenue, unless Internet transactions are subject to sales tax. What is one argument that supports this view
Answer:
There are no options listed, but the most common argument used by state governments that want to tax internet sales is that at least half of the participants of the transaction live in their state. E.g. Amazon is based in the state of Washington, but it is actually incorporated in Delaware (like most corporations). But considering Delaware's small population, most of the people who purchase things on Amazon live someone else. The buyers' home states argue that since buyer doesn't live on Delaware, instead they live on New York, California, Texas, Georgia, or wherever, the sale actually took place on their state and not in Delaware. You might agree with this or not, but it is almost certain that the buyer lives somewhere else.
You have $100,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 12.7 percent. Stock X has an expected return of 11.4 percent and a beta of 1.25, and Stock Y has an expected return of 8.68 percent and a beta of .85. a. How much money will you invest in Stock Y
Answer:
12.7% = X(11.4%) + Y(8.68%)
y = 1 - X
0.127 = 0.114X + 0.0868(1 - X)
0.127 = 0.114X + 0.0868 - 0.0868X
0.0402 = 0.0272X
X = 0.0402 / 0.0272 = 1.478
Y = 1 - 1.478 = -0.478
Y = -0.478 x $100,000 = -$47,800
Since value for Y is negative, it means that you must short sell the stock, i.e. borrow the stock, sell it, and then repurchase it later at a lower price.
The cross-price elasticity of demand for coffee and coffee-cream is likely to be Group of answer choices
Answer:
B) less than zero.
Explanation:
Since the coffee and the coffee cream are consumed and used together so they are considered to be the complement goods to each other
In this case, the cross price elasticity of demand is negative and while on the other hand if the two goods are considered to be a substitute than this would be a positive
Hence, it should be less than zero i.e. negative
Therefore the correct option is B.
As a source of financing, once retained earnings have been exhausted, the weighted average cost of capital will
Answer:
Increase
Explanation:
In the case when the retained earnings is exhausted, the company would face the challenge i.e. funds shortage. So to overcome this problem either firm could raise the finds with the help of debt or raise the new capital. Also in the case of funds shortage, there is a high risk that results in high returns and ultimately the weighted average cost of capital would increase
Which of the following would be most likely to hedge using foreign currency options?
A. Public Utility
B. Public Sewage company
C. Tool and Die company
D. Railroad company
Answer:
C
Explanation:
Which of the following would not be an operations maangement function in a fast food restaurant?
a. making hamburgers and fries.
b. advertising and promotion.
c. maintaining equipment.
d. designing the layout of the facility.
e. purchasing ingredients.
Answer:
b. advertising and promotion
Explanation:
All process required to produce the product are part of operation and this includes making, designing the layout of the facility, purchasing ingredients an maintaining equipment.
The marketing and promotions lies with the Sales and Distribution Function or Marketing Function of the fast food restaurant.
Which individual would most likely be required to be registered as a representative of a broker-dealer
Answer:
C. "a sales assistant taking an order for a limited partnership unit".
Explanation:
Based on the answers choices provided, the correct answer would be C. "a sales assistant taking an order for a limited partnership unit". This is because choices A and D involve administrative personnel, and such personnel are not registered thus making them invalid. Answer B would not be correct either because the secretary is taking "messages" which are just information that needs to be passed to the authorized individual and not an "order" like in choice C.
The gain or loss on the effective portion of a U.S. parent company's hedge of a net investment in a foreign entity should be treated as:
Answer:
other comprehensive income.
Explanation:
Other comprehensive income is a term that describes a form of income that is yet to be gotten or realized, and it can be any or all of the following: revenues, expenses, gains, and losses.
Hence, in this case, the gain or loss on the effective portion of a U.S. parent company's hedge of a net investment in a foreign entity is considered not yet realized. Therefore it should be treated as Other Comprehensive Income.
Suppose the following transactions occur during the current year:_______. 1. Kevin orders 50 bottles of wine from a French distributor at a price of $30 per bottle. 2. A U.S. company sells 200 textbooks to a Canadian company at $45.00 per textbook. 3. Rajiv, a U.S. citizen, pays $1,500 for a laptop he orders from Microell (a U.S. company).Complete the following table by indicating how the combined effects of these transactions will be reflected in the U.S. national accounts for the current year.Hint: Remember to enter a minus sign when the balance is negative. Amount (Dollars) Consumption Investment Government Purchases Imports Exports Net Exports Gross Domestic Product (GDP)
Answer and Explanation:
1. Consumption = Kevin's purchase of wine + Rajiv purchase of laptop
= 30 × 50 + 1,500
= 1,500 + 1,500
= $3,000
2. Investment = 0
3. Government purchase = 0
4. Imports = Kevin's purchase of wine = 30 × 50
= 1,500
5. Exports = US company selling to Canada = 45 × 200
= $9,000
6. Net exports = Exports - Imports
= $9,000 - $1,500
= $7,500
7. GDP = Consumption + Investment + Government spending + Net exports
= 3,000 + 0 + 0 + 7,500
= $10,500
A cost center is a unit of a business that incurs costs but does not directly generate revenues. Which of the following would definitely not be considered a cost center?
A. Accounting department.
B. Purchasing department.
C. Research department
D. Advertising department.
financial statements are reports on the financial performance of organizations. they provide data on
Answer:
Financial statements are reports on the financial performance of organizations. They provide data on
a. The organization's profitability and goal achievement
b. Changes in the Cash flows and positions, according to activities
c. Financial position in terms of assets, liabilities, and stockholders' equity
Explanation:
The financial statements that provide the above data are the Income Statement, the Statement of Cash Flows, and the Balance Sheet. They are the main financial statements required by GAAP and investors who want to analyze the organization. In the case of governmental and non-profit making organizations, their income statement is known as a Statement of Revenue, Expenses, and Changes in Net Assets.