which three activities are part of the function of accounting?

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Answer 1

The 3 activities which are part of the function of accounting includes:

Classifying financial transactions interpreting financial transactions Recording financial transactions

Accounting (including bookkeeping) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

Classifying financial transactions interpreting financial transactions Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"

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Related Questions

Which company makes more money? Gucci, which makes a Profit of $75.00 per belt sold, or Wal Mart which makes $0.62 per belt sold? Explain your answer…

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Answer:

Probably Walmart. Considering the price is so low for Walmart, more people are likely to buy it. Therefor the value will drop.

Explanation:

Rinaldo is an expat working in Singapore. As part of his compensation package, a chauffeur drives him to and from work each day. The chauffer is an example of a(n) Multiple Choice wage. allowance. bonus. perk.

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The chauffeur is an example of Perk because the benefit is enjoyed because Rinaldo works for the company.

Basically, Perk is recognized as an advantage / benefit that an employees gets because of working for the company.

For instance, getting free ride, lunch, donations from staffs are all examples of perks.

Here, the Chauffeur driver does drive Rinaldo to and from work because it is part of his compensation package.

This benefit of this transportation is not part of Rinaldo's wage, allowance or bonus.

Therefore, the answer is Option D because the benefit is enjoyed because he works for the company.

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starting with net income and adjusting it for items that affected reported net income but which did not affect cash is called the

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Answer:

Explanation:

Two methods are used to calculate cash flow from operating activities: indirect and direct, which both produce the same result. ... Indirect Method: This method starts with net income and converts it to OCF by adjusting for items that were used to calculate net income but did not affect cash.

What was the major difficulty for the athletes?

Answers

Answer:

injuries

Explanation:

because

Emmanuel thrives when he is assigned to projects that are mostly self-directed. He can be trusted to work on the project independently and check in with his supervisor as needed. Emmanuel also prefers to be paid incentives for quality work. Emmanuel likely has

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Based on the information given about Emmanuel, it can be deduced that he has an internal locus of control.

Locus of control simply means the degree to which individuals believe that they have control over the outcome of events.

Locus of control simply infers that the outcome of actions are the result of one's abilities. Since Emmanuel thrives when he is assigned to projects that are mostly self-directed, and can be trusted to work independently, he has an internal locus of control.

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How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380? a. $16,290 b. $22,800 c. $57,000 d. $75,000.

Answers

Answer:

C

Explanation:

If your maximum permissible recurrent debt was $57,000, and you used the 28/36 ratio.  thus option (C) is correct

What is debt?

Debt can be defined simply as the amount owed by the borrower to the lender. A debt is a quantity of money borrowed for a set period of time and must be repaid together with interest. The amount as well as the approval of the debt are determined by the borrower's

creditworthiness. Debt is an obligation that forces one party, the debtor, to pay another party, the creditor, money, or other agreed-upon value. Debt is a delayed payment, or series of payments, as opposed to an immediate purchase. A sovereign state or country, a local government, a firm, or an individual may owe the obligation. Commercial debt is typically subject to contractual provisions governing the amount and timing of principal and interest repayments.

Therefore, thus option (C) is correct

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Hedging risk involves engaging in a financial transaction that offsets a long position by taking an additional ________ position, or offsets a short position by taking an additional ________ position.

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Risk Hedging entails offsetting a long position by taking an additional short position or offsets a short position by taking an additional long position.

Risk Hedging refers to various strategy employed to reduce exposure to an investment risk.

Risk Hedging is when the hedge the risk of one investment by taking an offsetting position in another investment.

Hence, the strategy of Risk Hedging entails offsetting a long position by taking an additional short position or offsets a short position by taking an additional long position.

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Beverly, the manager of a branch location of a large law firm, purposely controls company resources as if they were her own and encourages continued development and training of her employees. She cares about the staff deeply and even organized international volunteering activities to promote their growth. Beverly could best be described as which type of leader

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Based on the given scenario Beverly could best be described as servant leader.

A servant leader is a type of leader that is has the best interest of their organization or company and employee on mind.

They are more concern about the wellbeing and the need of their employee and they tend to show support or render support to their employee.

A servant leader often show empathy and they help people to develop as well as encourage the development, growth and training of their employee or people.

Inconclusion Beverly could best be described as servant leader.

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Which sentence describes an incident report? A. Ginger writes a report requesting her manager to purchase new desk chairs. B. Gillian writes a report evaluating the performance of a conveyor belt at a plant. C. Stefania writes a report evaluating fingerprints that will be used in a legal case. Rafi writes a report on the quality of a new cell phone before it goes on the market. D. E. Ajay writes a report documenting a customer's angry outburst in a restaurant.​

Answers

Answer:

e

Explanation:

it most likely make sense its e because c is forensics and an incident report is usually when an incident/scene happens and everything seems like positive situation besides e

Since they filed bankruptcy in the past, a couple ends up paying a 12% fixed rate for a 30 year mortgage. With a better credit rating, they could have gotten the loan at a rate of 8%. If their loan amount is $140,000, how much more per month will the couple be paying for their mortgage as a result of their bankruptcy? a. $137,532. 67 b. $412. 79 c. $1,440. 06 d. $260. 37 Please select the best answer from the choices provided A B C D.

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Based on the scenario given , we can see that because the couple have already filed for bankruptcy, there is a 12% fixed rate for a 30 year mortgage, therefore, if they got 8% loan rate and the loan amount is $140, 000, then the amount which they would be paying more would be $412.79.

As a result of this, we can see that their extra amount which they would pay is to first calculate the total loan tenure which is 30 x 12 = 360 months.

Next would be to find the new monthly payments from the better credit rating and it would be $1,027.27

Next, we would factor in the bankruptcy factor which  would be 0.01.

Next, we would calculate the monthly payments would be $1,440.06

Finally, we would find the difference between the excess payment which would be $1,440.06 - $1,027.27

Therefore, the correct answer is $412.79

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Answer:

✅ B. $412.79

i got it right⬇️

3. Tom and Melody are considering the extensive use of ads in fitness magazines and a direct mail campaign targeted at people who have bought other products made by Xer-Wise. Since these messages are geared directly to customers, it is clear that Tom and Melody want to implement a _________ strategy.

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Tom and Melody want to implement a pull strategy.

Since these messages are geared directly toward customers, it is clear that Tom and Melody want to implement a pull strategy.

What is the pull strategy?

The tactic of bringing the consumer to you is known as a pull strategy. Pull strategy is the use of pull strategies, or the conveyance of information, to attract the consumer rather than forcing your business on them. These clients frequently start to promote your company for you. For instance, a business may send prior clients a promotional email about a new range of items.

Businesses may also give recent clients a coupon for a future purchase. A pull marketing approach may boost profitability by retaining existing consumers and consistently attracting new ones. Pull marketing, on the other hand, refers to using a technique that inevitably increases customer interest in your company's name or goods (usually with relevant and interesting content).

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Wayfair Co. Reported the following results from the sale of 5,500 tables in May: sales $300,000, variable costs $165,000, fixed costs $85,000, and net income $50,000. Assume that Wayfair increases the selling price of tables by 10% on June 1. How much sales are needed by Wayfair to break even?.

Answers

Wayfair Co's sales needed to break even are 2,833 tables and $170,000.

Data and Calculations:

Number of tables sold in May = 5,500

Sales revenue in May = $300,000

Fixed costs = $85,000

Net income = $50,000

Selling price per table in May = $54.55 ($300,000/5,500)

Total variable costs  = $165,000

Variable cost per unit = $30.00 ($165,000/5,500)

New selling price per table in June = $60 ($54.55 x 1.1)

Contribution margin per table = $30 ($60 - $30)

Contribution margin ratio = 50%  ($30/$60 x 100)

Break-even Sales (Units) = Fixed Costs/Contribution Margin

= 2,833 ($85,000/$30) tables

Break-even Sales ($) = $170,000 ($85,000/50%)

Thus, the sales needed to break even are 2,833 tables and $170,000.

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Type the correct answer in the box. Spell all words correctly.

What is a continuous discussion to bring out innovative ideas from employees?

A _____ session is a continuous discussion to bring out innovative ideas from employees. (Using Plato for this)

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The name which is given to the session that is a continuous discussion to bring out innovative ideas from employees is called:

Brainstorming

According to the given question, we are asked to state the  name which is given to the session that is a continuous discussion to bring out innovative ideas from employees.

As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative  to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit

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the sequence of work for a job is also known as its

Answers

Answer:

Routing

Explanation:

As a project lead, your team is on its way to finishing work on the project, while you have the impression that a staff member is already negotiating the next assignment in another project. You are afraid that the person may come under pressure to start working on the other job before she has finished her work for your project. Her task is very complex, and it would be hard for someone else to take up the partial results and finish them. What action is most likely to resolve the situation

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The action most likely to resolve the situation is to use your network of project managers to find another role for the person that allows for a smooth transition and doesn't conflict with your needs.

This is the best course of action because a smooth transition between projects allows for greater motivation in the current project, according to the PMBOK.

Therefore, using your network of project managers to find another assignment and allow for a smoother transition that doesn't conflict with your needs is the most suitable option.

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The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not balance its budget but instead have budget DEFICITS during

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The period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS was during:

D. Economic recessions.

According to the given question, we are asked to show the period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was important for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

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4. A media company that owns a newspaper is struggling to make the newspaper profitable.
Which model should the company's leadership use to best improve the newspaper's
profitability?
O maintain the status quo
O gradual time-orientated change
O flexibility with minimal structure
O structured change in steps

Answers

Answer:

it a

Explanation:

i llo

The primary goal of a(n) ________ presentation strategy is to influence the prospect's beliefs, attitudes, or behavior and to encourage buyer action.

Answers

The goal that can be associated with persuasive presentation strategy is be able to change the prospect's beliefs as well as attitudes of buyer action.

Persuasive presentation strategy can be regarded as strategy use to make more sales.

This strategy is used in influencing the potential buyers so they can make purchase, it encourages them and change their beliefs.

Therefore, persuasive presentation strategy is the correct term.

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When a company has both common and preferred stock, its ROE must be adjusted by ______. (Select all that apply.)

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When a company has both the common and preferred stock, then, its ROE must be adjusted by subtracting the preferred stock balance from the total stockholders' equity  and subtracting preferred stock dividends from net income.

The ROE means Return on equity.

Return on equity is used to measure the profitability of a business in relation to its equity.

If the company have common and preferred stock, then, its ROE must be adjusted by subtracting the preferred stock balance from the total stockholders' equity  and subtracting preferred stock dividends from net income.

Therefore, the Option A and C is correct.

Missing options includes "A) subtracting the preferred stock balance from the total stockholders' equity, B) adding the preferred stock dividends to net income, C) subtracting preferred stock dividends from net income , D) adding the preferred stock balance to total stockholders' equity"

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Corporations distribute profits to owners through: Group of answer choices bonds. interest. taxes. dividends.

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Dividends if they are talking about co owners (people who own stock and shares)

The different types of information systems that have been developed to support certain aspects and types of decisions are collectively called _____ systems.

Answers

Answer:

Management Support System

Explanation:

packaging serves several critical functions in the overall success of a product. some of these functions are

Answers

Some of the several functions which packaging of a product serves in making a product successful includes:

It serves as protection to the productit helps to contain the product/goodIt gives the customer information about the product, etc

According to the given question, we are asked to show the several functions which packaging of a product has on the success of the product and how they help to maximize sales.

As a result of this, we can see that packaging is the process of putting a product or a good into a container or a package and it is an important step of branding which further serves to attract the potential customers with attractive packaging, but it does more than this as it also offers protection to the package.

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Answer:

attracting the buyers attention

giving a potential buyer a sense of price , values and uses

explaining the benefits of whats inside

Explanation:

Shawna has added up all her current expenditures and revenues and developed a plan for what she wants to do with all of her cash flow. She has included in this plan some money to put away for her 401k based on what she will need in the future. What is missing from Shawna's actions to make sure this is a sound financial plan?
Group of answer choices

Shawna needs to make sure she revisits this plan on an ongoing basis.

Shawna needs to invest. You can't have a sound financial plan without investing.

Shawna needs to consult with a financial advisor to make sure she has not missed any details.

Shawna should begin speculating on the market to potentially grow her extra income quickly.

Answers

Answer:

Shawna needs to consult with a financial advisor to make sure she has not missed any details.

The correct answer is Shawna needs to consult with a financial advisor to make sure she has not missed any details.

What is financial advisor?A financial consultant is a professional who is paid to offer financial advice to clients. Just as you would hire an engineer to make a plan for your home, you hire an economic advisor to construct a plan for your finances. It's all about paying someone for the expertise you need to reach detailed goals.Having a good connection with a financial consultant will not only set you up financially. They can help make conclusions on major life changes like how greatly maternity leave can you afford to take when having a baby. They can also help maintain you on track financially when life throws you curve proms such as redundancy.

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Need help ASAP, I’m going somewhere!

Reuben Garza just graduated from high school and had begun a five year apprenticeship as a machinist. His starting wage ... https://brainly.com/question/25586250

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Answer:

https://brainly.co a separate Word or PowerPoint document containing the time line. If your tim

Explanation:

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the single most important output in preparing financial budgets is the

Answers

Answer:

cash budget

Explanation:

What are junk bonds?

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Answer:

a junk bond is an investment in debt. A company or a government raises a sum of money by issuing IOUs stating the amount it is borrowing (the principal), the date it will return your money (maturity date), and the interest rate (coupon) it will pay you on the borrowed money.


Josue is determined to play the saxophone in the school band. How could joining the band benefīt his college or career
O It demonstrates his passion for helping others.
O It gives him military experience
O It provides extra spending money.
O It shows that he is creative.​

Answers

Answer:

I personally would say D: It shows that he is creative.

Explanation:

Mostly because it makes sense, playing a saxophone wouldnt show his passion for helping others, nor give them military experience. Note it also says that how it benefits of his collage or career, so why would he spend money on anything? Most obvious answer would be D.

Sorry if I'm wrong but its a shot in the dark that I'm willing to make, it just looks and sounds right.

Identify each scenario as an example of expansionary fiscal policy, contractionary fiscal policy, or not an example of fiscal policy.

Answers

According to macroeconomic theory and money supply in the economy, the scenario as an example of expansionary fiscal policy includes "A decrease in taxes."

Other scenarios as an example of expansionary fiscal policy include the following:

An increase in government spending;An increase in corporate bonds purchased;An increase in the money supply;

Expansionary fiscal policy is a type of policy designed to increase the money supply in the economy.

On the other hand, examples of contractionary fiscal policy include the following:

A decrease in government spending;A decrease in transfer payments to dampen economic activity;An increase in taxes;A decrease in the money supply;

Contractionary fiscal policy is a type of policy designed to decrease the money supply in the economy.

However, the scenarios which are considered as not examples of fiscal policy include the following:

A decrease in the unemployment rate;

Hence, in this case, it is concluded that fiscal policy used by the government can either be expansionary or contractionary.

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Kari finds a piece of land that she wants to buy but needs some time to be able to come up with the funds to purchase it. She pays the landowner, Jerry, $10,000 for an option to purchase the property for $200,000 anytime in the next two years. Six months later, Kari purchases the property. Which of the following is not true?

a. Kari does not have a recognized gain or loss
b. Kari recognizes a $10,000 loss
c. Kari's basis in the property is $210,000
d. Jerry's amount realized is $210,000

Answers

Answer:

the answer is either a or b

Explanation:

because if there is a loss then it b if there isn't that means it a

Event Credit Payment Interest Principal Balance
$500.00 $0.00 $0.00 $500.00
Payment 1 $100.00 $7.40 $92.60 $407.40
Payment 2 $100.00 $6.23 $93.77 $313.63
Payment 3 $100.00 $4.79 $95.21 $218.42
Payment 4 $100.00 $3.02 $96.98 $121.44
Payment 5 $100.00 $1.86 $98.14 $23.30
Payment 6 $23.64 $0.34 $23.30 $0.00
Grand Total $500 $523.64 $23.64 $500.00 $0.00
Study this payment schedule and answer the following questions.

Part A
How long will it take to pay off this credit card?

Part B
How much will the interest be?

Answers

Answer: 6 months

Explanation:

plato

Answer:

It will take six months to pay off the credit card and the interest will be $23.64

Explanation:

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