How does a firm select the date for preparation of its balance sheet?
What will be an ideal response?
Answer: The balance sheet is prepared on the fiscal closing date for the accounts of a firm that may or may not coincide with the calendar year-end of December 31st.
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Which one of the following defines the internal rate of return for a project?
A. Discount rate that creates a zero cash flow from assets B. Discount rate which results in a zero net present value for the project C. Discount rate which results in a net present value equal to the project's initial cost D. Rate of return required by the project's investors E. The project's current market rate of return
One of the advantages of simulation is that:
A) real-world complications can be included that most OM models cannot permit. B) it always generates a more accurate solution than a mathematical model does. C) it is a repetitive approach that may produce different solutions in repeated runs. D) model development is less time consuming than for mathematical models. E) model solutions are transferable to a wide variety of problems.