Answer: A - It results in a decrease in inventory
Explanation: Goods receipt will result in increased inventory as goods are received into the store or warehouse were it will be sold.
Goods receipt occurs during a procurement process therefore creating a financial accounting document called invoice and delivery note which will be used to ascertain the actual cost of the goods purchased and actual quantity of goods received.
Answer:
C. reengineering is a tool for achieving one-time quantum improvement, whereas TQM and Six Sigma programs aim at ongoing incremental improvements.
Explanation:
Answer:
The needs of the users of the information
Explanation:
Financial statements are used by several stakeholders and companies are required to release reports on their financials . The objective of financial reporting is to provide useful information to these stakeholders e.g. investors, stockholders, creditors and the government. Therefore it is based on their needs of the information. Conceptual framework used in financial accounting provides consistency to accounting standards and practices. It also determines the functions and limits of financial statements and financial accounting.
Answer:
16.12%
Explanation:
The current stock price for Mumford and daughter corporation stock is $58.00
The expected dividend to be paid is $5
The growth rate is 7.5%
Therefore the required rate of return can be calculated as follows
= 5/58 + 7.5/100
= 0.0862 + 0.075
= 0.1612×100
= 16.12%
Hence the required rate of return is 16.12%