All categories

3 years ago

Accountants truly represent the financial managers of a business. a. True b. False

1 answer:

8 0

<span>b.FALSE
Accountants perform the technical aspects of gathering, organizing, classifying, and summarizing events and transaction, and prepare technical documents such as financial statements and reports. Finance managers interpret the results of these reports and create financial strategy for the firm.</span>

You might be interested in

Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures wer

dalvyx [7]

Answer:

9.61%

Explanation:

Computation for the weighted-average interest rate

Using this formula

Weighted-average interest rate=Total Interest amount /Total Principal amount

Particular Principal Interest

9%, 5-year note payable $2,088,000 $187,920

10%, 4-year note payable $3,308,700 $330,870

Total $5,396,700 $518,790

Total Principal amount =$5,396,700

Total Interest amount =$518,790

Let plug in the formula

Weighted-average interest rate=$518,790/$5,396,700

Weighted-average interest rate=0.0961*100

Weighted-average interest rate=9.61%

Therefore Weighted-average interest rate is 9.61%

8 0

4 years ago

credit cards should be used for what A. anything you want B. things you cant afford C. budgeting expenses you need to pay over t

zloy xaker [14]

Im pretty sure its C

hope this helps best of luck :)

4 0

3 years ago

Social security and medicare are

Ber [7]

Social safety programs that Americans pay into during their working years through taxes. Both are designed to assist older Americans and distribute benefits to the disabled and their families.

Hopes This Helps

4 0

3 years ago

Read 2 more answers

The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017, that includ

Aleks04 [339]

Answer:

The Journal entry at the beginning of the year is as follows:

Estimated revenue A/c Dr. $1,342,500

Estimated other financing sources-Bonds proceeds A/c Dr. $595,000

To Appropriations control $960,000

To Appropriations-Other financing uses-operating transfer outs $532,500

To Budgetary fund Bal. $445,000

(To record entry at the beginning of the year)

8 0

3 years ago

When a company strives to achieve lower overall costs than rivals and appeals to a broad spectrum of customers, it pursues Multi

dybincka [34]

Answer:

an overall low-cost provider strategy.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

A overall low-cost provider strategy is a strategic business model that's typically focused on a broad customer base (segment) while still making profit by providing low-cost goods and services to the customers, as well as underpricing rivals in the same industry.

This ultimately implies that, it is a business strategy that involves lowering the price of goods and services in order to stimulate demand, generate more revenue, draw more customers and gain a competitive advantage over competitors or rivals in the same industry.

Hence, when a company strives to achieve lower overall costs than its rivals in the same industry and appeals to a broad spectrum of customers, it is considered to pursue an overall low-cost provider strategy.

6 0

3 years ago