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2 years ago

Why is it important to keep personal finances separate from business finances?

Business

1 answer:

Gala2k [10]2 years ago

3 0

Answer:

Perhaps the most important reason to separate personal and business finances is for tax purposes. As a business owner, you're allowed to deduct business-related expenses like travel and supplies. To claim these deductions, you must have proper supporting documentation. Keeping your business assets separate from your personal finances can be a liability and help protect your assets in the case of any legal actions.

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Use an online yellow pages directory to find a company in your area that has a website on which it has an annual report, includi

kiruha [24]

The direct method only takes the cash transactions into account and produces the cash flow from operations. The cash flow indirect method makes sure to automatically convert the net income in terms of cash flow.

A major advantage of the indirect method of cash flows is that the method provides a reconciliation between net income and cash flows. The indirect method also helps financial-statement users better understand different linkages among financial statements and is a simple way of preparing the statement of cash flows.

Which is better the direct or indirect method of cash flows statement?

Direct cash flow statement is broadly accurate as it does not rely on adjustments and hence it takes less to time prepare cash flows statements. The indirect cash flow method cannot be regarded as accurate as it accounts for adjustments and it generally requires more time in preparation.

How do you tell if a company uses direct or indirect method?

While both are ways of calculating your net cash flow from operating activities, the main distinction is the starting point and types of calculations each uses. The indirect method begins with your net income. Alternatively, the direct method begins with the cash amounts received and paid out by your business.

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2 years ago

"if men and women respond similarly to the same marketing mix, they do not constitute distinct, identifiable segments. gender

galben [10]

Gender would not be an effective base for market segmentation in this example in which they do not constitute distinct identifiable segments, because the segments are not differentiable. Differentiable segments are segments in which the segment boundaries can be stated clearly. In this case this is not possible, because both men and women respond similarly to the same marketing mix.(there are no differences).

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3 years ago

Suppose the government increases spending to fund tuition assistance for qualified college students. automatic stabilizers will

KIM [24]

Suppose the government increases spending to fund tuition assistance for qualified college students. automatic stabilizers will increse the expansionary effect of the increase in aggregate demand.

A government is a system or group of people that governs an organized community (usually a state). In the broader associative definition, government usually consists of legislative, executive, and judicial branches.

Your government is the system of people, laws and officials that define and control the country in which you live. For example, the US government is a representative democracy with her three branches.

Government is necessary to maintain law and order. Laws are necessary for society to function. Life in a society without laws is dangerous and unpredictable.

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2 years ago

ITI Inc., a software company, is currently looking for employees to fill vacant positions. It is looking for prospective candida

Leya [2.2K]

Answer:

D. recruitment and selection

Explanation:

Based on the various responsibilities and tasks of the Human Resources department, it can be said that the HR department contributes to high performance through recruitment and selection. This human resources task refers to finding and choosing individuals with significant strengths in different aspects that a job role requires in order to have someone filling that role who can provide the company with the most efficient way of achieving their strategic goals and objectives.

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3 years ago

All raw materials used were traceable to specific units of product. Healey Company's total manufacturing costs for the year are:

GrogVix [38]

Question Completion:

Current information for the Healey Company follows:

Beginning raw materials inventory $25,200

Raw material purchases 70,000

Ending raw materials inventory 26,600

Beginning work in process inventory 32,400

Ending work in process inventory 38,000

Direct labor 52,800

Total factory overhead 40,000

Answer:

Healey Company

Total manufacturing costs for the year are:

$155,800

Explanation:

a) Data and Calculations:

Beginning raw materials inventory $25,200

Raw material purchases 70,000

Ending raw materials inventory (26,600)

Cost of raw materials used $68,600

Beginning work in process inventory 32,400

Ending work in process inventory (38,000)

Direct labor 52,800

Total factory overhead 40,000

Total manufacturing costs $155,800

b) The total manufacturing costs are made up of costs of direct materials, direct labor, and factory overhead. These costs are incurred in the production process and can be traced to the units of product(s) being manufactured.

5 0

3 years ago