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2 years ago

Virtually all accounting and business problems have clear right or wrong answers.

Business

1 answer:

zhenek [66]2 years ago

5 0

The statement "Virtually all accounting and business problems have clear right or wrong answers" is false.

Accounting is the process of recording monetary transactions concerning a commercial enterprise. The accounting process includes summarizing, analyzing, and reporting those transactions to oversight companies, regulators, and tax series entities.

Accounting, also known as accountancy, is the measurement, processing, and communication of financial and nonmonetary information approximately monetary entities consisting of groups and companies.

At the same time as accounting does require a complicated set of talents and abilities, as well as superb interest to elements, it genuinely isn't any extra hard than some of the different popular fields of observation that cause outstanding lifelong profession possibilities.

Learn more about accounting here brainly.com/question/26690519

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The most crucial test used to determine if something is a fixture is the manner in which it is affixed to the real estate.A. Tru

bazaltina [42]

Answer:

A.True

Explanation:

A fixture refers to something which is fixed or attached to a property such as a building built on a piece of land shall be construed as a fixture with respect to the land.

To determine as to what shall be considered a fixture relates to the purpose for which something is attached to the asset.

The "manner" of attachment refers to if the attachment is of permanently or temporarily fixed. If something is permanently fixed and requires specific tools for it's removal, such an attachment is usually considered a fixture.

Hence the given statement is true.

5 0

3 years ago

Which of the following is likely to lead to an increase in the GDP of a country? A. An increase in the interest rates in the co

Triss [41]

Answer:

B. An increase in the physical capital stock of the country

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export

If physical capital stock is increasing, it means investment spending is increasing and gdp would rise.

Increase in tax rate reduces disposable income which leads to a fall in consumption and gdp.

An increase in interest rate leads to a fall in investment and gdp.

If unemployment is high, gdp would be low.

I hope my answer helps you

4 0

4 years ago

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp

uysha [10]

Answer:

1. 6,000

2. 7,200

Explanation:

1. Calculation to determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period.

Using this formula

Ending inventory=Fixed manufacturing overhead/Units produced*Ending units

Let plug in the formula

Ending inventory=62,000/310*30

Ending inventory=6,000

Therefore how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period is 6,000

2. Preparation of an income statement for the year using variable costing.

IDA SIDHA KARYA Company Variable Costing Income Statement

Units produced cost (130+350+50=530)

Sales $254,800

(280*910)

VARIABLE EXPENSES:

Variable cost of goods sold $148,400

(280*530)

Variable selling and administrative expense $11,200

(280*40)

Contribution margin $95,200

($254,800-$148,400-$11,200)

FIXED EXPENSES:

Fixed manufacturing overhead $62,000

Fixed selling and administrative expense $26,000

Net operating income $7,200

($95,200-$62,000-$26,000)

Therefore the income statement for the year using variable costing is $7,200

5 0

3 years ago

What would be the consequences if conflict amongst staff in this workplace is not resolved?

bonufazy [111]

Answer:

Check screenshot attached below

Explanation:

4 0

2 years ago

Brandy and Teri are competitors in the bakery business in a small wealthy upscale resort town. Brandy recently negotiated a cont

Flauer [41]

Answer:

b. False

Explanation:

In a competitive environment, pricing strategy is one of the strategies to ensure efficiency and profitability. But lowering of prices at the expense of deterioration in the quality of product offerings cannot be a recommended strategy.

The four competitive strategies specified by Michael Porter are namely, Cost Leadership, Differentiation, Cost Focus and Differentiation focus.

Under Cost leadership, a firm strives to offer it's products at the lowest cost and be the cost leader in an industry.

Differentiation refers to adding unique attributes and values to the products which differentiates such products from those of the competitors.

Cost focus refers to cost leadership when targeted at a particular marketing segment and similarly, differentiation focus is differentiation when applied to a specific marketing segment.

A firm cannot focus at price at the expense of quality of it's offerings. Thus, keeping prices down isn't all which matters.

4 0

3 years ago