List and describe the pro-forma financial statements that are prepared at the end of the budgeting process
Cost of Goods Manufactured Schedule--provides details about the inventory and labor components of manufactured goods.
Income Statement--projected revenues and expenses
Balance Sheet--projected assets, liabilities, and shareholder equity
Statement of Retained Earnings--changes in retained earnings resulting from net income and dividend payments.
Statement of Cash Flows--projected sources and uses of cash from operating, investing, and financing activities
You might also like to view...
An informative speech that shares concepts, beliefs, attitudes, and opinions with an audience is called a(n)
A) process speech B) ideas speech C) incident speech D) mechanism speech
A written promise to pay a specific sum of money at a definite future date is called a discounted note
Indicate whether the statement is true or false
Which of the following might an analyst not want to eliminate from past earnings when using past earnings to forecast future earnings?
a. nonrecurring gains from the sale of assets. b. unusual asset impairment charges. c. nonrecurring restructuring charges. d. revenue from the sale of inventory.
Morgan has just been appointed to a task force and wants to be a positive member. Which of the following is the best advice you can give her?
A) Ignore members who are being silent to show respect for them. B) Tell a lot of jokes throughout the meeting to ease tensions. C) Share her ideas with other team members, even if they might not be adopted. D) Bring a list of ground rules she has established to the first meeting.