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sertanlavr [38]
4 years ago
10

Describe the two primary functions of financial accounting

Business
1 answer:
andreev551 [17]4 years ago
6 0

Answer: Measurement and presentation of financial performance

Explanation: The two primary functions of financial accounting are measurement and presentation of financial performance.

The measurement function is performed by following accounting procedures and policies under US GAAP and IFRS.

Whereas, presentation function relates to preparation of financial statements like income statement and cash flow statement.

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Select the items that describe what happens at the equilibrium price. Producers supply the exact goods that consumers buy. Consu
Mekhanik [1.2K]

The items that describes what happens at the equilibrium price are:


Producers supply the exact goods that consumers buy.

Consumers have enough goods, at the given price.

Producers used their resources efficiently.

Equilibrium pricing is when the items demanded match the items supplied. When this happens, the demand and good available equal each other, hence, equilibrium. The pricing is exactly where it should be for consumers to want and purchase the good or service.

6 0
3 years ago
Read 2 more answers
Cassius Corporation has provided the following contribution format income statement. Assume that the following information is wi
Romashka [77]

Answer:

9,400 units

Explanation:

The breakeven point is the number of units that must be sold for the company to make neither a loss nor a profit. A target profit is the net of the sales less the sum of the fixed and variable expenses. The contribution margin  is the difference between the sales and variable cost.

Sales per unit = $210,000/7000 = $30

Variable cost per unit = $136,500/7000 = $19.50

Let the number of units to be sold to achieve the profit target be x

30x - 19.5x - 67200 = 31500

10.5x = 98700

x = 98700/10.5

x = 9,400 units

8 0
3 years ago
_____ is a teamwork skill that salespeople must apply in the process of building internal partnerships.
Brut [27]
<span>Teamwork is a must necessary for any kind of business setup to grow. Salespeople have to build internal partnerships through teamwork by understanding the other team members and clarifying expectations. Fulfilling the commitments and focusing on little things too also help in achieving the goals. They must attend to the little things if they want to succeed.</span>
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3 years ago
15) You are
Bingel [31]

Answer:

Only going to dept for things you really need and have planned for

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2 years ago
Explain how a school's published price (also known as<br> sticker price) and net price differs.
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Answer:

Sticker price is the published tuition and fees whereas net price is what the student pays after financial aid (much lower than sticker price).

Hope this helped! :)

5 0
3 years ago
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