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Artist 52 [7]
2 years ago
10

Jon's financlal advisor asked him to bring his financial records to their next meeting. Jon has all kinds of financial documents

and cannot decide
which ones he should bring. What Is the main difference between his financial records and his personal financial statements?
O A. He does not have to keep track of his financial records.
O B. A bank usually Issues his personal financial statements once each year.
O c. He has created his own personal financial statements.
O D. HIS personal financial statements are required when filing taxes.
Business
1 answer:
faust18 [17]2 years ago
7 0

Answer:

He has created his own personal financial statements.

Explanation:

I just did the test and it was correct!! Hope this helps you!!!  :)

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An ad on the NewsNow Web site asks viewers to “send us your story and we might share it with the world.” Ollie submits a manuscr
evablogger [386]

There is no contract here. There was never an offer to publish the stories. Just because Ollie said "I accept" does not qualify this interaction as a contract since the post specifically says "we might share it". There should be no reasonable assumption that the website will publish EVERY story submitted.

4 0
4 years ago
Managerial accounting is different from financial accounting in that:
OlgaM077 [116]

Managerial Accounting is different from Financial Accounting in that <em>c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.</em>

The differences between Managerial Accounting and Financial Accounting do not arise because of Managerial accounting:

  • Focuses on the organization while financial accounting focuses on projects, etc.
  • Never includes non-monetary information; it includes non-monetary information than financial accounting
  • Used by investors, while financial accounting is used by creditors
  • Structured and controlled by GAAP.

Thus, the difference between the two is that Financial accounting is structured and controlled by GAAP and used by <em>investors and creditors</em>.  Managerial accounting is not structured by GAAP and is used by <em>management</em> in decision-making.

Learn more: brainly.com/question/13592085

6 0
3 years ago
The chess club needs to raise money for tournament uniforms. Some members want to sell energy drinks at a football game to raise
Jobisdone [24]

Answer:

according to my opinion you should make a decision tree

7 0
2 years ago
The force that leads to zero economic profits for monopolistically competitive firms in the long run is:_________
KonstantinChe [14]

For monopolistically competitive businesses, the factor that ultimately causes zero economic profitability is: newly added

What Exactly Is Economic Gain (or Loss)?

The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss. By deducting potential costs and explicit costs from generated revenue, economic profit is calculated.

Opportunity costs are a kind of implicit cost that management determines and that vary depending on various events and viewpoints.

Analysis of accounting profit and economic profit frequently goes hand in hand. The profit that a corporation reports as accounting profit appears on its income statement. Accounting profit is a measure of actual inflows and outflows that is necessary for a company to have financial transparency.

To know more about economic profitability

brainly.com/question/15867127

#SPJ4

7 0
1 year ago
Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company�s discount rate is
Lelu [443]

Answer:

NPV = 35,660.291

Explanation:

NPV = PV of cash flow + PV at project end - investment - overhaul

.17 discount rate

275,000

86,000

<em>Investment 361,000</em>

420,000

-205,000

-87,000

128,000 net cash flow

PV of cash flow

C * \frac{1-(1+r)^{-time} }{rate} = PV\\

128,000 \times \frac{1-(1.17)^{-4} }{0.17} = PV\\

<em>PV = 351,134.081 </em>

overhaul

-10,000 overhaul in year 2

\frac{Nominal}{(1 + rate)^{time} } = PV

\frac{-10,000}{(1.17)^{2} } = PV

<em>PV -7305.14</em>

At end of project

+86,000 working capital

+13,000 salvage value

99,000 at project end

PV at project end

\frac{Nominal}{(1 + rate)^{time} } = PV

\frac{99,000}{(1.17)^{4} } = PV

<em>PV = 52831.35</em>

NPV = PV of cash flow + PV at project end - investment - overhaul

NPV = 351,134.081  + 52831.35 - 361,000 -7305.14

NPV = 35,660.291

5 0
3 years ago
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