Which statement below defines accounting?
a) It identifies, records, and communicates business transactions.
b) It contains a record of all transactions that cannot be measured in monetary units.
c) It is helpful in comparing the performance of one company against a competitor.
d) It is essential to help make business decisions.
Answers
The defining claim of accounting is that it identifies, records and communicates business transactions to help an organization make better decisions.
Accounting objectivesIt helps a company to measure economic performance and make more effective decisions based on its financial records, developing more effective cost planning for the correct flow of business.
Therefore, accounting is an essential process for companies to assess their financial situation, demonstrate transparency, comply with legality and make decisions more in line with their objectives.
The correct alternative is letter a.
Find out more information about accounting here:
https://brainly.com/question/5640110
Related Questions
Can marketing ethics can involve societal issues such as the sale of products or services?
Answers
The general public, governmental regulators, private interest groups, industry, and others, as developed by a range of stakeholders.
Marketing ethics can address both local and global issues, such as the sale of products or services that could harm the environment or the exploitation of child labour. Conscious marketing counts taking into account stakeholders' interdependence as one of its four pillars. The conceptual framework for the study states that the goal of this research is to determine the factors that affect ethical marketing on four separate groups: people, organisations, specific surroundings, and the general public. Product, price, advertising, social responsibility, and staff behaviour are further aspects of ethical marketing. It's true that marketing ethics can touch on societal issues like the sale of goods or services that could harm the environment or global issues like the exploitation of child labour.
Learn more about Stakeholders here:
https://brainly.com/question/30648275
#SPJ4
you wish to buy a $29,500 car. the dealer offers you a 4-year loan with a 10.8 percent apr. what are the monthly payments? (do not round intermediate calculations and round your final answer to 2 decimal places.) how would the payment differ if you paid interest only? (do not round intermediate calculations and round your final answer to 2 decimal places.)
Answers
The correct answer is that the monthly interest-only loan payment would be $708.50.To calculate the monthly payments for the 4-year loan, we can use the formula for the monthly payment on an amortized loan:
P = (r * A) / (1 - (1 + r)^(-n))
where:
P = monthly payment
r = monthly interest rate (10.8%/12 = 0.009)
A = loan amount ($29,500)
n = number of payments (4 years * 12 months/year = 48)
Plugging in these values, we get:
P = (0.009 * 29500) / (1 - (1 + 0.009)^(-48)) = $739.01
Therefore, the monthly payment for the loan payment would be $739.01.
If you were to pay interest only, the monthly payment would be:
P = (r * A) / 12
Plugging in the values, we get:
P = (0.108 * 29500) / 12 = $708.50
To learn more about loan payment, visit here
https://brainly.com/question/14784302
#SPJ4
FILL IN THE BLANK. By monitoring expenditures a supervisor can keep costs within a total ________ plan.A)inventoryB)budgetC)waste reductionD)stockE)support
Answers
By monitoring expenditures a supervisor can keep costs within a total budget plan. Option B is correct.
A budget is a financial plan that outlines expected income and expenses over a period of time. By monitoring expenditures, a supervisor can track actual expenses against the budget and take corrective action if necessary to keep costs within the planned amount.
This can include identifying areas where expenses can be reduced or making adjustments to resource allocation. Monitoring expenditures is an important part of financial management as it allows businesses to ensure that they are operating within their means and making the most efficient use of their resources.
Therefore, option B is correct.
Learn more about expenditures https://brainly.com/question/29803226
#SPJ11
sonic corporation purchased and installed electronic payment equipment at its drive-in restaurants in san marcos, tx, at a cost of $27,000. the equipment has an estimated residual value of $1,500. the equipment is expected to process 255,000 payments over its three-year useful life. per year, expected payment transactions are 61,200, year 1; 140,250, year 2; and 53,550, year 3.
Answers
The completion of depreciation schedules using the Straight-line, Units-of-production, and Double-declining-balance depreciation methods are as follows:
Depreciation Schedule - Straight-Line Method:
Year Cost Depreciation Accumulated Net Book
Expense Depreciation Value
Year 1 $27,000 $8,500 $8,500 $18,500
Year 2 $27,000 $8,500 $17,000 $10,000
Year 3 $27,000 $8,500 $25,500 $1,500
Depreciation Schedule - Units-of-Production Method:
Year Cost Depreciation Accumulated Net Book
Expense Depreciation Value
Year 1 $27,000 $6,120 $6,120 $20,880
Year 2 $27,000 $14,025 $20,145 $6,855
Year 3 $27,000 $5,355 $25,500 $1,500
Depreciation Schedule - Double-Declining-Balance Method:
Year Cost Depreciation Accumulated Net Book
Expense Depreciation Value
Year 1 $27,000 $18,090 $18,090 $8,910
Year 2 $27,000 $5,970 $24,060 $2,940
Year 3 $27,000 $1,440 $25,500 $1,500
Data and Calculations:
Cost of equipment = $27,000
Estimated residual value = $1,500
Depreciable amount = $25,500 ($27,000 - $1,500)
Estimated useful life = 3 years with 255,000 payments
Straight-line
Annual depreciation expense = $8,500 ($25,500/3)
Units-of-production
Depreciation rate per payment = $0.10 ($25,500/255,000)
Depreciation Expenses:
Year 1 = $6,120 ($0.10 x 61,200)
Year 2 = $14,025 ($0.10 x 140,250)
Year 3 = $5,355 ($0.10 x 53,550)
Total = $25,500
Double-declining-balance
Depreciation rate = 67% (100/3 x 2)
Year 1 = $18,090 ($27,000 x 67%)
Reduced balance = $8,910 ($27,000 - $18,090)
Year 2 = $5,970 ($8,910 x 67%)
Reduced balance = $2,940 ($8,910 - $5,970)
Year 3 = $1,440 ($2,940 - $1,500)
Learn more: https://brainly.com/question/19091134
A type of account in which interest is earned on the deposit amount that typically require a
minimum balance, offer lower interest rates, and have restrictions on the number of withdrawals
allowed within a given time period is a
Answers
What is the difference between a total and a subtotal?
Answers
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
Merchandise is purchased for $6,000 on September 2 subject to terms of 1/10, n/30, FOB destination. Freight costs paid by the seller totaled $131. What is the cost of the merchandise if paid on September 12, assuming the discount is taken
Answers
Answer:
Given:
invoice price of $6,000 is purchased on September 2 subject to terms of 2/10, n/30, fob destination.
freight costs paid by the seller totaled $200
Payment is made on September 12.
The payment is net of discount because September 12 is still within the discount term of 10 days.
6,000 x 2% = 120
6,000 - 120 = 5,880
The required payment if paid on September 12 is 5,880.
The freight cost paid by the seller is recognized by the seller as an expense. The buyer does not need to refund said freight cost because the ownership of the merchandise has not yet been transferred to the buyer. FOB destination means that the transfer of ownership from seller to buyer happens when the merchandise arrives at its destination or buyers address.
Hope this answer helps you :)
Have a great day
Mark brainliest
If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?
Answers
Answer:
the answer would be 250
because 9,000-9,550 = 550 -300= 230
What is one advantage of taking a course online instead of onsite?
A.
It is easier to access the printed course materials.
B.
You can usually do the coursework when it’s convenient.
C.
The quality of teaching is typically a little better.
D.
You can communicate with your teacher more effectively.
Answers
B. The coursework can usually be completed at a time that works for convenient - is one of the benefits of taking a course online rather than in person.
What are the benefits of taking courses online?There are advantages and disadvantages to learning online and in a virtual classroom, just as there are to learning in person on a physical campus. You'll find that one of the many advantages of online education is that it gives you more flexibility in your schedule, can lower the cost of your degree, and can make it easier to advance your career while you study.
Online education has many advantages, but there are also disadvantages to consider. In its own way, staying focused and being self-motivated can be difficult; which is one reason why not everyone is a good candidate for online education. You can get a better idea of whether online learning might be right for you and your career and education goals by learning more about its benefits and drawbacks.
To learn more about online education visit :
https://brainly.com/question/24942864
#SPJ1
give me goals you want to reach for sales, profit, market share, market visibility, etc
and your marketing strategy that will help you accomplish them.
Answers
The long-term objectives of marketing strategy could be lead generation, market share expansion. Sales has set short-term objectives designed to hit quotas, build the pipeline, and close deals swiftly.
What do you mean by the marketing strategy?A marketing strategy is a long-term plan for attaining a business' objectives through an understanding of client needs and the development of a distinct and long-lasting competitive advantage.
It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are.
A business aim is a destination, feat, or objective the corporation hopes to reach in the short- or long-term.
Therefore, the long-term objectives of marketing strategy could be lead generation, market share expansion. Sales has set short-term objectives designed to hit quotas, build the pipeline, and close deals swiftly.
Reaching your target audience and communicating the advantages of your product or service are the goals of marketing, which will help you attract, retain, and grow your customer base.
To know more about the marketing strategy, visit:
https://brainly.com/question/29376574
#SPJ1
Who was the world richest men of 2005?
Answers
Explanation:
maybe it's William Gates lll
please mark the brainliest
What are the steps (in sequence) involved in the consumer decision making process? Briefly explain how the retailer can develop strategies during each step so that the customer favors the retailer
Answers
Answer:
Problem recognition: Recognizes the need for a service or product
Information search: Gathers information
Alternatives evaluation: Weighs choices against comparable alternatives
Purchase decision: Makes actual purchase
Post-purchase evaluation: Reflects on the purchase they made
Explanation:
there are 5 steps in the consumer decision making process.
Provide the name of two business competitors that manufacture and sell the same product. Be sure to name the products.
Answers
Answer:
1. Coke vs Pepsi: product include Cold Beverage
2. Nike vs Reebok: product include sporting goods
You deposit $100 each month into an account earning 5% interest compounded monthly. a) How much will you have in the account in 35 years? b) How much total money will you put into the account?
c) How much total interest will you earn? $
Answers
After 35 years, you will have approximately $83,160.30 in your account, having contributed a total of $42,000, and earning about $41,160.30 in interest by below.
a) To find out how much you will have in the account in 35 years, we will use the future value of an ordinary annuity formula:
FV = P * ((1 + r)^nt - 1) / r
where FV is the future value, P is the monthly deposit ($100), r is the interest rate per period (5% annually / 12 months = 0.05/12), n is the number of times the interest is compounded per year (12), and t is the number of years (35).
FV = 100 * ((1 + 0.05/12)^(12*35) - 1) / (0.05/12)
FV ≈ $83,160.30
b) To calculate the total amount of money you put into the account, multiply the monthly deposit by the number of months:
Total Deposits = Monthly Deposit * Number of Months
Total Deposits = $100 * (35 years * 12 months/year)
Total Deposits = $42,000
c) To find the total interest earned, subtract the total deposits from the future value of the account:
Total Interest = Future Value - Total Deposits
Total Interest = $83,160.30 - $42,000
Total Interest ≈ $41,160.30
To know more about compounded interest visit:
https://brainly.com/question/12973550
#SPJ11
A writer, an illustrator, a publisher and an agent would form a
a. Functional team
b. Cross-functional team
C. Management team
d. Corporate team
Answers
Answer:
B. Cross-functional team
Explanation:
A writer, an illustrator, a publisher, and an agent would form a Cross-functional team. The correct option is B.
What are cross-functional skills?A Cross-Functional Candidate, according to Glassdoor, is a candidate with jack-of-all-trades abilities. In other words, a candidate with cross-functional skills is someone who is proficient in one or more related technologies or skills while also being knowledgeable in other technologies or skills.
Working cross-functionally, also referred to as working with teams other than your own, will inevitably occur at some point in your career. And doing it well can inspire innovative ideas, enhance your ability to interact with others, and improve your workplace's culture, productivity, and happiness.
Thus, the ideal selection is option B.
Learn more about Cross-functional teams here:
https://brainly.com/question/13369885
#SPJ5
Explain about inventory pooling and transshipment similarities and differences
Answers
Inventory pooling and transshipment are both supply chain strategies that aim to optimize the flow of goods within a network.
Inventory pooling involves consolidating the inventory of multiple locations into a single inventory pool, which is then distributed as needed. This allows for better utilization of inventory, as well as lower safety stock levels and a reduction in stockouts.
Transshipment, on the other hand, involves the movement of goods between different locations in a network, in order to balance supply and demand. This can help to reduce lead times and improve customer service levels, as well as minimize transportation costs.
The similarities between inventory pooling and transshipment lie in their focus on improving supply chain efficiency and effectiveness. Both strategies involve the redistribution of goods within a network, with the goal of reducing costs and improving service levels.
The main difference between inventory pooling and transshipment is that inventory pooling involves the consolidation of inventory, while transshipment involves the movement of goods. Inventory pooling is often used to optimize inventory levels, while transshipment is used to balance supply and demand.
In summary, inventory pooling and transshipment are both important supply chain strategies that can help to improve efficiency and effectiveness. While they share similarities in their goals and objectives, they differ in their approach to achieving these goals.
Learn more about Inventory here:
https://brainly.com/question/14184995
#SPJ11
A driver who is convicted of DWI will lose his or her driving privileges for at least ________ for a third offense.
Answers
Answer:
If you are convicted of driving after illegally consuming alcohol and were found to have a BAC of 0.02 and less than 0.08, the court penalty will include a suspension of your driving privilege for one year from the date of conviction, and a minimum mandatory fine of $500, or the requirement that you complete at least ...
Your house is for sale for $210,000. A realtor will charge you a 3% sales commission. If you choose a "sale by owner" option bypassing a realtor, you will pay no commission, but you will have to pay an attorney an average of $950 at your closing. What will you save by choosing the "sale by owner" option?
Answers
Answer:
5350
Explanation:
If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.
What is Sales?Sales can be defined as the way of selling a product in exchange for cash.
Using this formula
Amount saved=(Selling price×Sales commission)- Closing price
Let plug in the formula
Amount saved=($210,000×3%)-$950
Amount saved=$6,300-$950
Amount saved=$5,350
Therefore If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.
Learn more about sales here: https://brainly.com/question/25586322
#SPJ2
Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?
Answers
Answer:
They will get faster responses.
Which type of information includes personal payroll medical and operational information.
Answers
The type of information including personal payroll medical and operational information is Sensitive.
Fairly touchy humans tend to pick up on the wishes and feelings of others. They hate letting human beings down. Studying to mention no is an assignment and a need for HSPs because they are able to sense overwhelmed by the demands of others, particularly due to the fact they can sense their pals' unhappiness if HSPs want to mention no.
Being Sensitive isn't a horrific aspect! Your tough-stressed-out nature brings you blessings of pleasure and happiness. Your consciousness of and empathy for different people are assets of electricity. You certainly surprise why human beings and matters are the manners they may be.
The advantageous developments of people who are particularly touchy consist of emotional consciousness, empathy for others, the potential to pick out up on small cues that others pass over, dedication to equity and justice, passionate and modern thinking, and the capability to demonstrate desirable leadership through valuing others.
Learn more about Sensitive here https://brainly.com/question/4269682
#SPJ4
In a game of pool, the white cue ball hits the #5 ball and stops, while the #5 ball moves away with the same velocity as the cue ball had originally. Both balls have the same mass. This type of collision is-
Answers
This type of collision is an example of an elastic collision.
In an elastic collision, the total kinetic energy of the system is conserved, and the objects bounce off each other with no loss of energy due to deformation or other factors.
Kinetic energy is a type of energy that an object possesses by virtue of its motion. It is defined as the energy that a moving object has due to its motion and is dependent on the object's mass and velocity.
In this case, the #5 ball moves away with the same velocity as the cue ball had originally, indicating that the two balls had an elastic collision.
Learn more about elastic collision, here
https://brainly.com/question/31356190
#SPJ4
____ provides an opportunity to gain new information, consider alternatives, develop better solutions to problems, enhance team building, and learn.
Answers
The answer to the blank question is CONFLICT.
what are the three purposes of a job interview?
Answers
Answer:
to learn more about you, why you want the job for, and base on what you need to know or what you already know
QUESTION 3 of 10: Last month, sales in the following categories were: Promotional items ($1,401 with returns of $214 and discounts of
$159), Staple items ($2,306 with returns of $178), All other items ($2,298 with returns of $56). The total square footage of selling space is
5,000 square feet. Compute the sales per square foot of selling space.
ОООО
a) $0.78/square foot
b) $1.08/square foot
c) $1.54/square foot
d) $1.67/square foot
Answers
Answer:
b) $1.08/square foot
Explanation:
The sales per square foot will be the net sales/total square feet.
Net sales :
promotional items = sales - returns- discount
=$1,401 - $214 - $159
=$1028
Staple items = sales -returns
= $2,306- $178
=$2,128
Other items
= $2,298- $56
=$2,242
Total net sales = $1028 + $2,128 + $2,242
=$5,398
The sales per square foot of selling space will be
=$5,398/5000
=$ 1.079
=$1.08
What is meant by the phrase “Keeping up with the Joneses”?
a
This phrase refers to the human behavior of wanting to spend more because we see others around us spending more and enjoying goods and services that we think we would enjoy as well.
b
This phrase refers to the concept of saving up for only your needs in your budget, not your wants.
c
This phrase refers to the annual event in August where investors compete with each other to see who can beat the market.
d
This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.
Answers
Answer:
D This phrase refers to the newest reality television show that demonstrates the effect of saving early and often.
Explanation:
A reference to the reality show Keeping up with the Kardashians.
Which method for calculating credit card balances is best for the customer who made a large purchase in the current month but has not made any
payments yet?
A. Previous balance method
B. Average monthly balance method
C. Adjusted balance method
D. Average daily balance method
Answers
The method for calculating credit card balances that is best for the customer who made a large purchase in the current month but has not made any payments yet is this: A. Previous balance method.
What is the previous balance method?The previous balance method is a way of calculating the credit card balance of customers who made a large purchase in the current month but have not made any payments yet.
This type of method helps the salesperson to know what is currently available and what is expected when the customer pays up.
Learn more about the previous balance method here:
https://brainly.com/question/11308124
#SPJ1
Mnemonics are a tool to aid which of the following?
A. Perception
B. Memory
C. Rewards
D. Confidence
Answers
Answer:
B. Memory
Explanation:
Mnemonics are a tool to aid memory.
what time is it? pls tell meee
Answers
Answer:
it is 11.20 am in my phone
HOPE IT HELPS
A child-tax credit (deduction) would
show up on which form?
A. 1040
B. 1099
C. 19
Answers
Answer:
see the answer
Explanation:
I think It is A
tim ryan, pwc u.s. chairman, sees the following as an important step for promoting workplace diversity:
Answers
Tim Ryan, PwC U.S. Chairman, sees promoting workplace diversity as an important step for businesses. This involves creating an inclusive environment that values the unique perspectives and contributions of individuals from different backgrounds, ensuring equal opportunities for all employees.
According to Tim Ryan, PwC U.S. Chairman, an important step for promoting workplace diversity is to create an inclusive culture that values and embraces diversity in all forms. This involves actively recruiting and retaining diverse talent, providing ongoing training and education on diversity and inclusion, and creating an environment where everyone feels comfortable bringing their whole selves to work. Ryan believes that a diverse and inclusive workplace leads to better business outcomes, as well as increased innovation and creativity. He also emphasizes the importance of leadership commitment and accountability in promoting diversity and inclusion.
To know more about Workplace diversity
https://brainly.com/question/31281236
#SPJ11