Finance Answers

Evaluate the usefulness of the data to those who might be required to provide a report on financial activity.

(Statement of comprehensive income)

https://www.rba.gov.au/publications/annual-reports/rba/2018/

Describe how you could index the data on a cash flow statement to ensure it can be quickly located and referred to later. Be specific.

how does changing the reserve requirement or/and discount rate impact individuals hoping to borrow money?

When the two countries did not specialize, the total production of jeans was 18 million pairs per month, and the total production of corn was 52 million bushels per month. Because of specialization, the total production of jeans has increased by
6
million pairs per month, and the total production of corn has increased by
4
million bushels per month.

I have a Gst credit of 15,000

Does PAYG withholding and installment take away from it
1,500 and 6,000

From that would i get a refund of 7,500?

Big Blue Granite (BBG) needs to purchase a new saw for creating their top quality countertops. Saw A costs $345,000 with $6,500 of annual maintenance costs for the first year that will increase by 7.0% each year for the 7-year life of the saw. Saw B costs $210,000 with $15,000 of annual maintenance costs for the first year that will increase by 12.0% each year for the 4-year life of the saw. Which saw should BBG choose? What is the annualized cost of this choice? Assume a discount rate of 9.5%, and ignore all taxes.

How will a business determine the correct lodgement requirements for its particular circumstances?

It asking HOW a business determines the correct lodgement requirements. This involves what method of reporting would be applicable, lodgement dates and payment of BAS

You have been asked to provide an accurate and up-to-date profit and loss report on work in process for a particular job. What data might you draw on, what reports might you need to access and how would you ensure that the information you provide is error free and comprehensive?

SPECIFICALLY LIST THE DATA THAT IS REQUIRED AND EXPLAIN HOW THE DATA IS ERROR FREE AND COMPREHENSIVE

Write a procedure on how to record financial data in a computerized system

Question:
Describe (80–100 words) how you could index the data to ensure it can be quickly located and referred to later. Be specific.

Answer:
C. To index the data to ensure it can be quickly located and referred to later we can calculate several ratios like gross profit ratio, gross margin ratio, net operating profit ratio and net profit ratio to get several conclusions about it. https://corporatefinanceinstitute.com/resources/knowledge/accounting/profit-and-loss-statement-pl/

Feedback:
The explanation of indexing does not describe how it can be identified and what elements should be considered in the indexing of each piece of data ensuring it can be quickly located and referred to later