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4 years ago

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

Business

1 answer:

Kipish [7]4 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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Swinging Sammy Skor's batting prowess was simulated to get an estimate of the probability that Sammy will get a hit. Let 1 = HIT

8_murik_8 [283]

I believe it B please correct me if im wrong

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3 years ago

Lopez Corporation incurred the following costs while manufacturing its product.Materials used in product $129,600 Advertising ex

Mila [183]

Answer:

$367,800; $391,600

Explanation:

Manufacturing overhead:

= Depreciation on plant + Factory supplies used + Property tax on plant

= 70,200 + 29,200 + 21,000

= 120,400

Total manufacturing cost:

= Material used in production + Labor cost + Manufacturing overhead

= $129,600 + 120,400 + 120,400

= 370,400

Cost of good manufactured:

= Beginning work in process + Total manufacturing cost - Ending work in process

= 14,400 + 370,400 - 17,000

= $367,800

Cost of goods sold:

= cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory

= $367,800 + 70,200 + 46,400

= $391,600

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3 years ago

The Kentucky government approves tax incentives to encourage more industry to move to the state. Which of the following statemen

AVprozaik [17]

Answer:

Explanation:

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

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3 years ago

What are in-kind benefits? the process used to produce a good or service goods and services provided for free or at greatly redu

ohaa [14]

Answer:

In kind benefits are goods and services provided for free or at greatly reduced prices

Explanation:

The benefits in kind are the advantages given to an employee or a customer such as credit cards, company cars, concert tickets and so on. Usually these benefits are called "perks" and are part of the compensation plan offered at each enterprise.

The benefits are also offered to clients, which will be awarded with a gift from the company when reaching certain number of purchases.

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3 years ago

Read 2 more answers

Give three reasons why obtaining certification makes an individual a more competent and valuable employee.

KIM [24]

1. Leads to happier employees — who stick around longer. Assisting your team in obtaining industry designations shows them you share in their desire to be the best they can be.

2. Encourages greater peace of mind.

3. Gives your clients greater confidence in your business.

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3 years ago