Operation on a natural business year end

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Reference no: EM13154118

The CEO of a major restaurant chain, whose sales vary by no more than 1-2 percent per month, recommends that the company operate on a natural business year end. As the president of the company, do you support this decision? Why or why not?

(A) No. A fiscal year is usually associated with businesses that experience significant variances in revenue throughout the year.

(B) No. A natural business year is usually associated with businesses that experience significant variances in revenue throughout the year.

(D) No. Fiscal year is inconsistent with GAAP provisions.

Reference no: EM13154118

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