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adelina 88 [10]
2 years ago
10

Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' __________. financial t

ransactions financial transactions financial markets financial markets full-time employees full-time employees sellable inventory
Business
1 answer:
AveGali [126]2 years ago
6 0

Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.

<h3>What is financial transaction?</h3>

A financial transaction include details or business traction's between a buyer and a seller

It include communication, goods and services purchase or bought.

Therefore, Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.

Learn more on accounting here,

brainly.com/question/26240841

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harkovskaia [24]

The teams looked at the research that establishes these characteristics and have organized them around five components: learning climate; classroom assessment and reflection; instructional rigor and student engagement; instructional relevance; and knowledge of content.

<h3>What is reflection?</h3>

The change in direction of a wavefront at an interface between two different media so that the wavefront returns to the medium from which it originated is referred to as reflection. Reflection of light, sound, and water waves are common examples.

When waves bounce off a barrier, the direction of the waves changes. Wave refraction is the change in direction of waves as they pass from one medium to another. Refraction, or the bending of the path of the waves, is accompanied by a change in the waves' speed and wavelength.

A phase change can occur when a wave is reflected, specifically from the boundary of a faster wave speed medium to the boundary of a slower wave speed medium.

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4 0
2 years ago
Kegler Bowling buys scorekeeping equipment with an invoice cost of $165,000. The electrical work required for the installation c
Elden [556K]

The scorekeeping equipment amounted to $198,865 recorded as a cost of equipment.

<h3>What is an Equipment?</h3>

The collection of items or physical resources needed to outfit a person or object, such as the tools utilized during a task or operation of sporting goods equipment, all of a corporate enterprise's fixed assets, except land and buildings.

The calculation for the Total recorded Cost

Invoice cost + Installation cost + Additional Cost + Delivey charges + cost of Repair

= 165,000 + 17,000 + 3,400 + 11,865 + 1,600= $198,865

The Total recorded cost is $198,865.

Thus, the total recorded cost consists of all the costs of equipment including the purchase price, applicable sales taxes, shipping charges, and any additional expenses for preparing the item for use.

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7 0
2 years ago
A company has total accounts receivable of $500,000 for the year and it estimates that uncollectible accounts will be 3% of acco
antiseptic1488 [7]

Answer:

Option (d) is correct.

Explanation:

Given that,

Total accounts receivable = $500,000

Credit balance of Allowance for Doubtful Accounts = $2,000

Estimates uncollectible accounts:

= 3% of accounts receivable

= 0.03 × $500,000

= $15,000

The closing balance after adjustment is the latest estimates:

= 3% of accounts receivable

= $15,000

$15,000 includes both the opening credit balance of allowance for doubtful accounts worth of $2,000 and the current year adjustment of $13,000.

6 0
4 years ago
Question 4 of 20
V125BC [204]

Answer: corporate law

Explanation:

Just took the quiz

4 0
3 years ago
Read 2 more answers
A potential negative outcome of budgeting is that multiple choice 2 it can be a motivating force when guidelines are followed. e
lions [1.4K]

Answer:

employees may understate sales budgets and overstate expenses.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be integrated or infused into the budget.

A potential negative outcome of budgeting is that employees may understate sales budgets and overstate expenses. Thus, this would go a long way to alter or affect the budget plan.

5 0
3 years ago
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