For businesses, you can use Quickbooks to manage financial records like payments, expenses, inventory, etc.
This is an advantage because report writing becomes easier to manage, automated tax calculations, and increased accuracy.
Answer:
physical units 21,200
EU materials 21,200
EU conversion 19,928
Explanation:
Compute the physical units of production
Tables physical units of production during the month of July:
beginning 0
Started <u> 21,200 </u>
Total physcal units 21,200
Equivalent units:
materials 21,200 as they are enterted at the beginning it matches the physcical units
conversion: 21,200 - 3,180 (1 - 0.60) = 19.928
we start 21,200 but 31,180 were completed until 60% thus we have 40% of 3,180 not completed that is subtracted.
As the drug industry in Canada grow, Drugs that usually could be obtained only through criminal organization now can be easily obtained over the counter (as long as the requirements are met)
This make many major criminal organizations to lose their power and profits from their operation in Canada
Thinking summarizes the operating, financing and investing activities of an entity
Answer:
1. Operating plan.
2. Operating plan.
3. Financial plan.
4. Dividend policy.
5. B and C.
Explanation:
1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.
2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.
3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.
4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.
Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.
Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.
Hence, the following statements are true about financial planning;
I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.
II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.