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jek_recluse [69]
2 years ago
5

_____is recording, classifying, summarizing and interpreting of financial events and transactions in an organization to provide

interested parties needed financial information.
Business
1 answer:
alexandr1967 [171]2 years ago
5 0

<u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.

<h3>What is the need for accounting?</h3>

Accounting is essential in the company because it allows you to track income and expenses, maintain statutory compliance, and offer quantitative financial information to investors, management, and the government for use in making business choices.

Therefore, <u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.

Learn more about accounting:

brainly.com/question/26690519

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With the __________ budgeting approaches, funds allocated to advertising tend to increase when sales rise and decrease when sale
svp [43]

Answer:

The correct word for the blank space is: all-you-can-afford, percent of sales.

Explanation:

The all-you-can-afford budgeting technique implies having a company investing in everything the firm can pay for. It is normally used for start-ups with limited funds so they use it as much as they can to keep the business going. As the sales increase, the investments in different departments are increased as well such as production, logistics, or marketing so the company moves according to the demand of the product.

The percent of sales budgeting relies -as it names says- on the number of sales a company is capable of processing. All the organizations' expenditures and advertising will have a directly proportional relationship with the percentage of sales of the organization.

3 0
4 years ago
Read 2 more answers
Roundwell, Inc. purchases a manufacturing plant for $15 million, by paying $5 million in cash as down payment, and borrowing the
djverab [1.8K]

Answer:

A Mortgage

Explanation:

A mortgage is a contract between two parties borrower and lender. In this agreement a bank or any other institution issues a loan against taking an title of an asset as a collateral that will become void if the mortgage is fully paid back with interest. The asset is taken as a security of the mortgage loan. The collateral should a specific asset that can be identifiable. Actual possession may not be transferred to lender only the ownership is transferred in many cases.

In this question the bank is taking a plant as a collateral from Roundwell Inc. against a mortgage loan of $10 million.

8 0
3 years ago
What is the difference between an authorized dealer and an agent?
Bess [88]

Answer:

<u>the main difference is in their commissions</u>

<u>Explanation:</u>

An authorized dealer is a term to describe anyone who is independent of a  particular business (company), and yet sell the products or services of the business to their customers. In such case, the authorized dealer adds their own margin to cover their costs and profit.

However, an agent is an intermediary appointed by a business to negotiate with customers on behalf of the company (business). Hence, the company or business pays the agents commissions on the sales they make.

7 0
3 years ago
Challenges of internship simulation workshop
alexandr1967 [171]

Answer:

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Explanation:

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3 years ago
For an effective frame, the primary business message should be approximately ______ words in length.
kicyunya [14]

Answer:

10 to 15

Explanation:

Business messaging in accounting can be described as a set of channels that provide means by which the firms/ company and the consumer can have effective communication.

The primary business message is very essential in business, it must reflect clarity as well as simplicity, it enables company to pass their overarching information to the consumer, they are intentional content. In a situation whereby operations in a company needed relocation, primary message is passed. It should be noted that For an effective frame, the primary business message should be approximately 10 to 15 words in length.

7 0
4 years ago
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