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Doss [256]
3 years ago
11

Which of the following is not a role of accounting in business?

Business
1 answer:
Kipish [7]3 years ago
5 0

Answer:

The correct answer is letter "D": To personally guarantee loans of the business.

Explanation:

Accounting is the recording of financial transactions of a business or organization. It also includes the process of summarizing, analyzing and reporting these transactions -given a method- in financial statements. The financial statements that accountants create provide critical information for many key people such as managers, stakeholders, and the corresponding agencies of the government.

However, <em>securing a loan for a company will rely on the credit history of the institution which directly does not involve one of the functions of corporate accounting.</em>

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Assume that the money demand function is (M / P)d = 2,200 – 200r, where r is the interest rate in percent. If the price level is
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Answer:

The money supply should be set at 800

Explanation:

In this question, we are asked to calculate the value at which Fed should set the money supply at after fixing the interest rate at 7 percent.

We proceed as follows;

Let the new money supply be M.

To fix the interest rate at 7%, r= 7 and P = 2

(M/P)d = 2,200 - 200r

= 2200 - 200(7)

=2200-1400

= 800

M = 800

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3 years ago
Q 2.16: according to the historical cost principle, if an asset costs $50,000 when it was purchased, it would be recorded at its
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According to the historical cost principle, if an asset costs $50,000 when it was purchased, and the one who purchased it still owns the asset today, it will have a higher value than $50,000. If the interest rate is assumed to be 5% for 5 years, the asset will be recorded as $63,814.08.
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Which of the following does not use any type of computer code in their work?
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Computer user support
6 0
3 years ago
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As the director of sales for your hotel, you earn a 0.5% commission on total sales from your sales team. Assuming there are 3 sa
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Answer: $2,085

Explanation:

Average monthly sales by the three salesperson are;

$125,000

$144,000

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Therefore, average total monthly sales by the three salesperson equals;

$125,000+$144,000+$148,000 = $417,000

Average total sales per month = $417,000

Monthly commission percentage = 0.5%

Monthly commission = 0.5% × 417,000

(0.5 ×417000) ÷ 100

208500 ÷ 100 = $2085

Monthly commission = $2,085

7 0
3 years ago
The _ is a financial aid program based on financial need that provides funds for student employment
scZoUnD [109]

Answer

Hi,

The Federal work study fund

Explanation

This is a federally funded program for students that demonstrate financial need who are offered part-time jobs to help them earn money to pay for college or career school fees. The work offered is community service oriented and payments are paid hourly depending on the number of hours a student works.

Best wishes!

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3 years ago
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