Briefly describe and discuss industry analysis and the motivation behind it
What will be an ideal response?
Answer: Industry analysis
1. focuses on the activities of one of more industries.
2. looks at the competitive position of an industry in relation to other industries.
3. seeks answers to questions such as: How is the industry regulated? What role does labor play in the industry? What economic forces are especially important to the industry?
4. facilitates research by using published reports such as the S&P Industry Surveys.
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Effective internal control over the cash account requires that the person responsible for making the bank deposit does not post the increase to cash in the accounting system
a. True b. False Indicate whether the statement is true or false
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A. $22,955.94. B. $11,468.55. C. $22,100.00. D. $11,487.39. E. $11,050.00.
List and describe the pro-forma financial statements that are prepared at the end of the budgeting process