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Alex73 [517]
3 years ago
10

Businesses should never keep records because they will need to hire an accountant if they do.

Business
1 answer:
forsale [732]3 years ago
3 0

Answer:

The answer is False

Explanation:

Every business should ALWAYS keep records regarding their daily transactions (procurement, sales, accounts payables, receivables, etc.). Records are the bases for knowing and understanding how the company is performing and whether if it's achieving the expected goals. If records are not kept, it's impossible to know how the company can improve their operational and business KPIs (Key Performance Indicators). This is because you can't improve what you can measure and you can't measure what's not documented or registered. Finally, it's not mandatory to hire an external Accountant to keep records. Most firms have their own Accounting and Finance department to develop this kind of activities. If this is not the case, then, it's strongly recommended to hire Accounting help (on a fixed fee rate, typically).

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If the lessor meets any one of the five Group I criteria, then the lessor classifies the lease as a(n) ________. If the lessor m
DENIUS [597]

Answer:

Sales type lease, direct financing lease, operating lease

Explanation:

A lease is a contractual agreement whereby the lessor(landlord) is paid for the use of his or her assets/properties by the lease(tenant). The assets that are usually leased are vehicles, buildings etc where payment is made for a specified period.

Sales type lease. Here, the dealer(landlord) earn interest revenue accrued plus the profit on the sale of asset. Whereas the profit is arrived at by deducting the selling price from the actual sales price . Profit is also earned and recognized at the beginning of the lease period.

Direct financing lease. The only benefit earned on this type of lease is the interest by the lessor-landlord. There is no profit or loss in the lease transaction. The actual value of leased asset is the same as the purchased value of the asset.

Operating lease is the combination of both sales type lease and direct financing lease. Here, the benefit of asset leased like yearly depreciation is claimed by the lessee-tenant . The ownership of leased asset must be transferred to the lessor at the end of agreed term subject to lessee having bargaining option. The lesse may however purchase the asset at a much reduced price say seventy five percent of the market value.

7 0
3 years ago
Clients with borderline personality disorder (BPD) are usually admitted to an inpatient setting because of what?
Ira Lisetskai [31]

Answer:

Threats of self harm

Explanation:

Borderline personality disorder is a mental disorder that makes people have harmful impact on the way people feel and think about them self. It comes with symptoms like overreacting, fear, instability and inability to do anything alone. This is usually caused by emotional triggered event that might be hard to reverse. People with this condition are always placed on constant check to avoid self harm or even harming others.

5 0
4 years ago
Using the trueblood criterion what is the ultimate goal of accounting?
vampirchik [111]

The ultimate goal of accounting according to trueblood criterion is to predict future cash flows to the investor or creditor

<h3>What is a trueblood criterion?</h3>

In accounting, its means the reporting on the past & present firm information that could help us predict future cash flow to firm.

Hence, by virtue of trueblood criterion, the ultimate goal of accounting is to predict future cash flows to the investor or creditor.

Therefore, the Option C is correct

Missing options "A) Predict future cash flows to the firm

B) Predict income to the investor or creditor

C) Predict future cash flows to the investor or creditor

D) Predict income to the firm"

Read more about accounting

brainly.com/question/26690519

#SPJ11

8 0
2 years ago
Due to evaporation during production, X-treme Building Styrofoam Company requires 4 pounds of material input for every 1 pounds
Butoxors [25]

Answer:

The total standard allowed input quantity given the good output produced is 15,800 pounds.

Explanation:

From the question, for every 4 pounds of material input, 1 pounds of styrofoam sheets is manufactured. This means that to produce x pound of good sheet, 4 times x material input would be required.

Therefore for the company to have produced 3,950 pounds of good sheets,

The material input

= 4 × 3950

= 15,800 Pounds

The company would have used 15,800 Pounds to produce 3950 pounds of good sheets. As such, the total standard allowed input quantity given the good output produced is 15,800 pounds.

8 0
3 years ago
What are the greatest challenges Apple is facing? Detail them by internal weaknesses and external threats. How can Apple transfo
alekssr [168]

Explanation:

The biggest challenges facing Apple today may lie in its biggest marketing construction: its brand.

The Iphone has become a world reference in cell phones with advanced technology and differentiated features. The success of the Apple operating system, the IOS and the latest generation device configured an expressive recipe that configured the company in the world ranking of technological companies in the world.

However, despite being a favorable condition for organizational success, the brand operates with a programmed obsolescence system for its iphones to launch new versions with minor changes for users, such as adding a camera or changes to the design of the device, what constitutes an internal weakness of the company.

An external threat to the company is Chinese competing companies, such as Huawei, which has been growing more and more in the world market offering products as functional and technological as the Iphone.

For Apple to be able to transform weaknesses into strengths and threats into opportunities, it is necessary for the company to use all the added value of its consolidated brand to rethink marketing strategies and offer exclusive advantages to encourage consumers to change their devices newer versions that offer greater differentials and benefits.

3 0
3 years ago
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