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melomori [17]
3 years ago
13

Financial accounting information ________.

Business
1 answer:
Cerrena [4.2K]3 years ago
4 0

Pretty sure it is D. summarizes what has already occurred.

Definitely not A or B. And C is incorrect because this branch of accounting tracks passed transactions, and does not guarantee anything in the future. Hence D.

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McGregor allows customers to pay with credit cards. the company charges McGregor 3% of the sale. when a customer uses a credit c
KengaRu [80]
Charge a total of $206
6 0
3 years ago
During 20X1, Eleanor earns $146,000 in wages as an employee of an accounting firm. She also earns $26,000 in gross income from a
Licemer1 [7]

Answer:

$20,000

Explanation:

Calculation for self-employment tax payment

Using this formula

Self-employment tax=Gross income-Deductible expenses paid in

Let plug in the formula

Self-employment tax= $26,000-$6,000

Self-employment tax=$20,000

Therefore She must pay on self-employment tax on:$20,000

4 0
3 years ago
In the U.S., the __________ has the role of managing the money supply and interest rates.
brilliants [131]

Answer:

Treasury Federal Reserve Bank State

Explanation:

Treasury Federal Reserve Bank State has the key responsibility of controlling and managing all the outflow and inflow of money and interest. Inspections and monitoring of large financial institutions to assure the country's banking sector's safety and legitimacy.Uphold banking system flexibility and contain default risk which may occur in economic markets.

4 0
4 years ago
Government regulations are intended to protect consumers, companies, and societal interests. Group of answer choices True False
NemiM [27]

Answer:

True

Explanation:

The above statement that, government regulations are intended to protect consumers , companies , and societal interests <em>is true .</em>

It is the duty of the government t protect the rights of the consumer , companies and society.

The government regulation is necessary to protect and save the public . It prevent the people to go on wrong path . The government has made many laws for the people in different area , like if any company provide adulterated goods to the people then people have the right to file case against that company or that product. The government also made many road safety rules to protect the people like no drink and drive etc.

The government also make companies to follow the right path and not to do any unfair practices . The government made company to follow ethics , do some social well fare.

7 0
3 years ago
Which of the following actions is likely to have the lowest initial cost in terms of its impact on other parts of the organizati
klemol [59]

Answer:

Option 2, laying off some workforce will have the lowest initial cost.

Explanation:

In option 1 if an organization is going to replace existing equipment with the new machines there is a definitely high cost involved in it because we do know that modern and newer machines costs more.

In option 3, if we go for lower-grade quality, we may face lost sales, or sales return which will add up to our cost.

However, if we go for option 2. there is no upfront cost involved in this decision but rather our cost is saved.

Thus the organization must opt for the 2nd option in order to find the lowest initial cost.

3 0
3 years ago
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