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BigorU [14]
1 year ago
14

Accounting transactions are very important to a firm's operations. Which activity would affect the firm's account balances

Business
1 answer:
nlexa [21]1 year ago
3 0

Accounting transactions are very important to a firm's operations,the following activities would affect the firm's account balances -- analyzing major accounting statements to evaluate the financial condition of the firm.

What is the importance of accounting in business?

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions

What is the main purpose of accounting?

The main objective of accounting is to record financial transactions in the books of accounts to identify, measure and communicate economic information. Moreover, tax reporting agencies require you to keep books at a minimum level that tracks income and expenditure

Learn more about accounting transactions  :

brainly.com/question/19745911

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__________ fairness refers to the perceived fairness of the process with which a firm handles customer complaints
Phantasy [73]

Answer:

Procedural

Explanation:

Procedural fairness is a justice practice used to obtain the highest level of evidence-based confirmation. Its characteristics are consistency, ethics and precision.

It is more used in companies because it uses impartiality to forecast results, which increases the satisfaction of consumers, who feel relevant in the process.

6 0
3 years ago
Portions of the financial statements for Peach Computer are provided below.
mamaluj [8]

Answer:

$128,100

Explanation:

PEACH Computer

Statement of cash flow using direct method for the year ended 31 December 2018.

Cash flows from operating activity

Net income. $91,000

Adjustment to reconcile net income to net cash from operations

Depreciation expense. $47,000

Changes in working capital

Decrease in accounts re. $4,200

Increase in inventory. ($18,500)

Decrease in prepaid rent $1,700

Increase in accounts Payable $6,500

Decrease in Income tax Payable ($3,800)

Net cash flow from operating activities

$128,100

4 0
3 years ago
An investor in Treasury securities expects inflation to be 1.6% in Year 1, 3.05% in Year 2, and 3.85% each year thereafter. Assu
mixer [17]

Answer:

The difference between two securities is 0.89%.

Explanation:

Inflation premium for the next three and five years:

Inflation premium (3) = (1.6% + 3.05% + 3.85%) ÷ 3

                                  = 2.83%

Inflation premium (5) = (1.6% + 3.05% + 3.85% + 3.85% + 3.85%) ÷ 5

                                  = 3.24%

Real risk-free rate = 2.35%

Since default premium and liquidity premium are zero on treasury bonds, we can now solve for the maturity risk premium:

Three-year Treasury securities = Real risk-free rate + Inflation premium (3) + MRP(3)

6.80% = 2.35% + 2.83% + MRP(3)

MRP (3) = 1.62%

Similarly,

5-year Treasury securities = Real risk-free rate + Inflation premium (5) + MRP(5)

8.10% = 2.35% + 3.24% + MRP(3)

MRP (5) = 2.51%

Thus,

MRP5 - MRP3 = 2.51% - 1.62%

                         = 0.89%

Therefore, the difference between two securities is 0.89%.

4 0
3 years ago
Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the
elena55 [62]

Answer:

The number of ounces started and completed during the period is <u>42,000 ounces</u>.

Explanation:

The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.

Since we have the following from the question:

Number of ounces completed by Filling = 46,000 ounces

Beginning work in process = 4,000 ounces

Therefore, we have:

Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 46,000 ounces - 4,000 ounces = 42,000 ounces

Therefore, the number of ounces started and completed during the period is <u>42,000 ounces</u>.

5 0
3 years ago
Glenn is the R&amp;D manager with Quick Print Inc. The company is having a problem with one of its most popular copiers jamming.
xeze [42]

Answer:

Problem Analysis

Explanation:

Problem analysis also known as 'root cause' analysis ensures that “root causes,” not just the symptoms of the problem, are identified and subsequently addressed.

This step comes after the problem identification stage of problem solving.

Therefore as stated in the scenario ''When Glenn analyzes the underlying causes of the paper-jam problem, he is performing the function of problem analysis

5 0
4 years ago
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