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Stolb23 [73]
3 years ago
11

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b

ox with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)a) Different companies use different charts of accounts based on individual company need.b) The chart of accounts contains the balance of all of the accounts in a ledger.c) The chart of accounts should be ordered in a logical sequence based on type of account.d) The chart of accounts can be ordered in any sequence because they are not formal financial systems.
Business
1 answer:
sesenic [268]3 years ago
7 0

Answer:

These answer choices are correct:

a) Different companies use different charts of accounts based on individual company need.

The chart of accounts is the list of all the accounts that a company uses over a period of time. Because each company has a different economic and operating activity, each company's chart of accounts is unique.

b) The chart of accounts contains the balance of all of the accounts in a ledger

c) The chart of accounts should be ordered in a logical sequence based on type of account

The chart of accounts includes all the acounts of the ledger, and it also is organized following a logical sequence. Assets, Liabilities, Stockholders' Equity, and their corresponding subdivisions, is usually the order of organization.

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Country A has a GDP of $4,600 in Country A dollars, and Country B has a GDP of $2,400 in Country B dollars. If the exchange rate
sergejj [24]

Answer: Country A $1,600

Explanation:

Country A's currency is stronger than Country B's which is why Country B needs more of its currency to buy a single unit of Currency A.

You can use direct proportion to find out Country B's GDP in Country A dollars

Country B currency to Country A

1.5       :   1

2,400 :   x

1.5x = 2,400

x = 2,400 / 1.5

= Country A $1,600

3 0
2 years ago
In​ 1995, when Umpqua Bank opened in new​ markets, which type of marketing effort did it​ utilize? A. Intrepreneurial marketing
Goryan [66]

Answer: (E) Formulated marketing

Explanation:

Formulated marketing is one of the type of marketing strategy that helps in managing the actual requirement of the small business by the process of customer monitoring process and also through the self analysis.

The formulated marketing takes various types of benefits from the specific marketing channel and it is also called as the formula marketing model.

The main objective of this type of marketing is that it helps in achieving the goals and also increase the growth and the productivity in an organization.    

 According to the given question, The Umpqua bank is using the formulated marketing strategy for managing the new market. Therefore, Option (E) is correct answer.  

4 0
3 years ago
Financial incentives paid to health care organizations to encourage focus on models of care that increase quality at a reasonabl
sweet [91]

The financial incentives which are paid to organizations in the healthcare sector to increase quality of models of care are called Performance-based payment programs.

<h3>What are Performance-based payment programs?</h3>

These are programs that are meant to increase the quality of care offered to people by the health care sector.

They involve paying health care organizations financial incentives to come up with better ways of giving care.

Find out more on Performance-based payment programs at brainly.com/question/6981846.

4 0
2 years ago
Jon was hired as a new manager and worked closely with Christine, a supervisor who had worked for the company for over a decade.
postnew [5]

Answer:

i. The training method was on-the-job training.

ii. Christine's performance error was stereotyping.

Explanation: On-the-job training is a learning process in which a worker is trained on how to perform certain tasks by actually doing those tasks, where an experienced colleague, supervisor or manager will usually serve as the trainer.

Stereotyping is the act for generalizing a particular category of people, it is having an expectation of a person or group of persons that they might behave or act in a certain way.

Christine in the scenario above, has ranked Jon using a stereotype that he is young new to the job, therefore that is the reason why he did not perform well or up to standard.

6 0
3 years ago
Which of the following is not true of accounting principles? a.A new accounting principle can be adopted with stockholders' appr
tatyana61 [14]

Option A

A new accounting principle can be adopted with stockholders' approval  is not true of accounting principles

<u>Explanation:</u>

Accounting principles are the dictates and guidelines that firms must comprehend when describing financial data. The Financial Accounting Standards Board (FASB) publishes a regulated collection of accounting principles in the U.S. applied to as generally accepted accounting principles (GAAP). GAAP strives to develop the accuracy, flexibility, and comparability of the presentation of financial information.

Since accounting principles vary beyond the world, investors should practice discretion when associating the financial statements of organizations from various countries. Accounting principles help dictate the world of accounting according to prevailing dictates and guidelines.

7 0
3 years ago
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