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sertanlavr [38]
3 years ago
10

Describe the two primary functions of financial accounting

Business
1 answer:
andreev551 [17]3 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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Answer: They are personal consumption, business investment, government spending, and net exports.

Explanation:

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The Central Limit Theorem: states that the average range can be used as a proxy for the standard deviation. states that the aver
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The correct answer is - allows managers to use the normal distribution as the basis for building some control charts.

<u>Explanation:</u>

It is the theorem that allows inference from a random sample. It says that:

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Suppose the government passes a law eliminating holidays and, as a result, the production of goods and services increases becaus
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Answer:

B) GDP would definitely increase because GDP excludes leisure.

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3 years ago
Nibbles pet food corporation is in the process of developing its new market strategy. the marketing team has already established
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The marketing team need to <u>"create a promotion strategy to increase customer awareness."</u>


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The break-even point is the sales level at which a company_______________.a. incurs a loss. b. contribution margin equals fixed
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Answer:

b. contribution margin equals fixed costs

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