The primary goal of the financial manager of a profit-seeking organization is to make profits. This will keep the company in a great market position.
Explanation:
The wholesalers can have different forms depending upon the volume of business, number of products/services dealt with, etc. the wholesalers have the ability to influence the producers and the retailers.
If the wholesalers are large, their businesses are important and they can put more pressure on the producers and the retailers. They can introduce their own brands or sell private brands and get the pricing freedom.Some of the types of wholesalers are:-
1. Manufacturer Wholesalers 2. Retail Wholesalers 3. Pure Wholesalers 4. Agents and Brokers 5. Assemblers 6. Merchant Wholesalers 7. General Merchandise Wholesalers
8. General Line Wholesalers 9. Speciality Wholesalers 10. Local Wholesalers 11. Regional or Sectional Wholesalers 12. National Wholesalers 13. International Wholesalers 14. Limited Function Wholesalers and a Few Others.
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Answer and Explanation:
The journal entries are shown below:
For 2021
Research and development expense $2,310,000
To Cash $2,310,000
(Being expenses incurred on R&D is recorded)
Here expenses are debited as it increased the expense and credited the cash as it decreased the assets
For 2022
Research and development expense $910,000
Software development expense $510,000
To Cash $1,420,000
(Being expenses incurred is recorded)
Here expenses are debited as it increased the expense and credited the cash as it decreased the assets
Answer:
It will cost $80,000 to fence that area.
Explanation:
Barbed-wire fencing costs $20,000 per mile to set up.
The property that is to be fenced is a perfect square with sides that are one square mile each.
The perimeter of the property
= 
= 
= 4 square miles
The cost of fencing
= 
= 
= $80,000
Answer: True
Explanation:
Even though Financial and Managerial accounting differ in the type of people who use it with Financial being used both internally and externally and Managerial being used internally, the main purpose is to provide relevant information to it's users.
Managerial accounting concerns analyzing and interpreting financial as well as other data so that the management can make informed decisions about their course of action.
Financial Accounting on the other hand provides the public with financial data on a company so that they may know whether to invest. Either way, they are both providing relevant information to users.
