education
Can non profit organization own property?
A not-for-profit organization possesses the legal ability to purchase and take title to real estate. There are specific procedures that a not-for-profit o...
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Education
education
Does the ending balance of a cash flow statement always equal the cash?
The ending balance of a cash-flow statement will always equal the cash amount shown on the company’s balance sheet. Cash flow is, by definition, the chang...
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education
What is the importance of sales budget to production budget?
Improves Cash Flow Management Your sales budget also directly impacts your production budget, because the production budget details how many products, goo...
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education
Does traditional financial accounting using the historical cost concept make the going concern concept unnecessary?
The going concern assumption is not effected by the historical cost principle unless assets covered by the historical cost principle are impaired. Impairm...
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How long should a company keep its accounting records?
6 years You must keep records for 6 years from the end of the last company financial year they relate to, or longer if: they show a transaction that cover...
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education
What is it called when companies work together to fix prices?
Collusion occurs when entities or individuals work together to influence a market or pricing for their own advantage. Acts of collusion include price fixi...
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education
Is CoverGirl a good brand?
The survey, which polled 1,000 women over the age of 18, found that CoverGirl has the most brand-loyal customer base. Millennial women ranked their favori...
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education
What are unit level activities?
Unit-level activities are activities that are related to producing each unit. Unit-level activities happen each time a product is made. This is unlike bat...
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education
Are treasury shares included in market cap?
The amount of treasury stock doesn’t matter. The market cap is the equity value of the company. How do you record treasury stock on a balance sheet? Under...
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education
What are the advantages of tall organizational structure?
The pros of tall structures lie in clarity and managerial control. The narrow span of control allows for close supervision of employees. Tall structures p...
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