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IrinaVladis [17]
2 years ago
7

Distinguish between financial and cost accounting.

Business
1 answer:
Whitepunk [10]2 years ago
4 0

Cost accounting compiles the cost of raw materials, work-in-process, and finished goods inventory, while financial accounting incorporates this information into its financial reports (primarily into the balance sheet). ... Financial accounting personnel issue reports only at the end of a reporting period.

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8. What includes retail sales, housing starts, and truck and<br><br> auto sales
GREYUIT [131]

Answer:

monthly data series in a GDP

Explanation:

A GDP is defined as the actual domestically manufactured or produced products or the services provided in a financial year which describes or estimates the financial status or economic status of a country. GDP stands for Gross domestic product.

By analyzing the monthly data series of goods or services produced one can predict the real GDP of a country to be. One can use the monthly observations of the employment, unit auto as well as truck sales, sousing starts, retail sales, trade, automobile inventories, manufacturing, shipment of machinery and equipment, index of the industrial production, etc. to predict the GDP growth or get an idea of the GDP figures that are going to show the robust growth of the economy.

7 0
3 years ago
what is the difference between a trademark and a registered trademark? how is each condition signified?
den301095 [7]

Answer:

Trademark is a product name and symbol that can be copied

Registered Trademark is a product name and symbol that cannot be copied

Explanation:

A Trademark is a symbol that notifies other producers that your product’s name and design are your company’s exclusive property, although this gives insufficient protection because it can be copied since this it does not protect you from another company producing a similar product and using a similar name. In the event of such occurrence you do not have a legal defense because your trademark is not registered.

A registered trademark is distinguished by the symbol ®. A registration protects your trademark from other companies use of the name or image, and in the event of products, names or images being too similar, the rival producing company could be found guilty of trademark infringement.

8 0
4 years ago
Why is it important to study the ‘post- purchase evaluation'?
sukhopar [10]

Answer:

Research shows that customers often find a gap in their expectations versus what the company actually delivers as an experience. Creating positive post purchase customer experience is a great way for companies to build a relationship with their customers, and build engagement and loyalty for their products and brand.

3 0
4 years ago
Management should select the depreciation method that
GuDViN [60]

Answer:

Option B              

Explanation:

Depreciation refers to an  accounting tradition that enables a firm to compose off the worth of an asset throughout an amount of time, generally the beneficial life of the investment.

Assets like equipment and appliances are costly. Instead of recognizing the asset's full cost in the first year one, depreciating the asset helps businesses to distribute the burden and generate income from it.

Thus, depreciation relates to decrease in value of an asset so that expenses can be recorded efficiently and revenue could be computed as per the periods. Therefore, the method of depreciation should be chosen as per its revenue contribution to the entity using it.

7 0
4 years ago
Why is it important to project the first-year financial performance on a monthly basis and the subsequent yearly budgets, on a q
Likurg_2 [28]

<u>Answer:</u>

<u>To determine proper allocation of resources since the business is relatively new.</u>

<u>Explanation:</u>

Remember, by using the <em>monthly</em> forcasting method in the first year of operations, it allows for total monthly expenses to be weighed against the total monthly revenue.

However, after gathering some experience from the first year's operations, using the <em>quarterly</em> method would allow for easy comparism of the performance of preceding years. ,

7 0
4 years ago
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