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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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the american dental assistants association (adaa) is: group of answer choices a tripartite organization. an organization formed
alexira [117]

American Dental assistants association (ADAA) is a tripartite organization formed by Juliette Southard.

The American Dental Assistants Association (ADAA) is a professional organization for dental assistants. It will be 97 years old in 2022. According to President Susan Camizzi, the organization's mission is to advance the careers of dental assistants and to advocate for the dental assisting profession in areas such as education, professional activities, credentialing, and legislation.

To advance the Association's ideals and growth in order to improve public access to and delivery of quality oral health care. Dental Assistants perform highly technical skilled work in the dental office under the supervision of dentists in a wide range of tasks ranging from patient care to administrative duties to laboratory functions.

Learn more about American Dental Assistants Association (ADAA) here:

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4 0
2 years ago
When the government policy is to regulate the quantity of a good that can be bought and sold rather than the price at which it i
steposvetlana [31]

Answer:

Quota

Explanation:

Government uses various methods to intervene in markets.

Price regulation or price control is done through various tools like - Price Ceiling & Price Floor. Price Ceiling & Price Floor are maximum & minimum mandated prices by government respectively.

However, Price regulation tools have an indirect impact on Market Quantities, so government may also use direct quantity regulative tools. Quota is a quantitative restriction, specifying maximum limit of good that can be sold, exported or imported. Eg :  Quotas are used as maximum import limits in international markets , as a non tariff (non tax barrier)

8 0
4 years ago
When preparing a journal entry for a transaction that affects retained earnings, the "Retained Earnings" account should not be d
Studentka2010 [4]

Answer:

True

Explanation:

As we know that the ending balance of retained earnings is computed by considering the following equation

= Starting balance of retained earnings + net income - dividend paid

Since the net income which is come by subtracting the expenses from the revenue and the dividend paid is debited or credited at the time of passing the journal entries instead of retained earning account because these above accounts are got affected.

Like expenses account are always debited while the income account are always credited

8 0
4 years ago
Erin works for a dry-cleaning company that has a contract with the U.S. government. To save on cleaning fluid, her boss orders h
Karo-lina-s [1.5K]

Answer:

A) is not protected by the whistleblower statute because she failed to inform the proper party of the contract violation.

Explanation:

A whistleblower is someone who exposes illegal or unethical activities carried on by public or private organizations including government entities, businesses, other non-profit organizations, etc.

Gossiping about what happens in an organization is not exposing their wrongful activities, in order for an individual to be considered a whistleblower, he/she must inform the illegal or unethical activities to the public authorities.

8 0
3 years ago
There are more than 20 stores on the same street that specialize in selling the same quality and brand of wheat products. An ind
Umnica [9.8K]

Answer:

Pure competition

Explanation:

  • Pure competition is a market structure in which many competitors sell many similar products. Due to high competition, market prices will fall. Pure competition is also called full competition. Other characteristics of pure competition.
  • There are many buyers and many sellers for market information
  • There are no entry and exit barriers in the market
  • Companies sell homogeneous products
  • Firms cannot affect market value. Companies are price takers.
  • Production units are identical and operate independently.

3 0
3 years ago
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