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MAXImum [283]
3 years ago
10

Identify the importance of accounting by select statement(s) that is (are) correct below

Business
1 answer:
anygoal [31]3 years ago
8 0

Answer:

A,B,C are correct

Explanation:

Accounting involves collection and reporting of financial information of a firm. This includes information on financial position, profitability, , and cash flows of the business. This helps to make decisions on how to invest in the business, manage the business, or lend money to it and tracks business income and expenses. Among the choices, these three are correct;

  • accounting information helps users make business and financial decisions .
  • Accounting is a system that identifies, records, and communicates financial informationRevenues – Expenses = Net Income
  • Accounting information is used throughout the year (NOT only at the end of a year when tax returns and financial statements are prepared) by businesses and individuals to help make financial decisions
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Which of the following is not a purpose of adjusting entries? a. To establish the proper amounts of assets and liabilities in th
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The most sui

Explanation:

7 0
3 years ago
Which of the following will shift the supply curve to the left?
seropon [69]

Answer:

The correct answer is option a.

Explanation:

An increase in the price of inputs of production will cause an increase in the cost of production. The firm will now be able to produce less at the same cost.  

As a result, the supply of the commodity will decline. this causes the supply curve to shift to the left further causing an increase in the price of the product.

4 0
4 years ago
Which of the following is a fundamental goal of CRM systems? a. To produce and deliver a product or service at the time the cust
frutty [35]

Answer:

The correct answer is letter "C": To manage and track customer interactions.

Explanation:

Customer Relationship Management (CRM) is a managerial approach that uses Information Technology (IT) to store, analyze, and use customer information to find out trends in consumption and generate a better relationship with clients. CRM is a key component in the pursuit of engaging customers with a brand that allows corporations to maintain steady sales levels or increase it.

CRM allows sharing and maximizing the knowledge of clients to understand their needs and anticipate them.

5 0
4 years ago
According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium
Lorico [155]

Answer:

Choice A would be the right response to either the following statement.

Explanation:

  • This theory seems to be a hypothesis that implies that shareholders will seek a higher rate of return as well as premiums on high-term securities with significantly increased risk maturity since, if all other considerations are similar, investors choose cash and perhaps other extremely liquid assets.
  • Even if there is an excess of capital, the inflation rate would have been over stability, as well as the amount of money needed would have been too increasing for stability.

The other choices are not relevant to the situation in question. So choice A is the right one.

3 0
3 years ago
When a company has issues bonds, preferred stock, and common stock to investors what investor gets paid last
sasho [114]

When a company has issues bonds, preferred stock, and common stock to investors what investor gets paid last is explained in the following

Explanation:

  • In a buyout, the purchaser is buying all of the common shares of stock for a price it believes to be the fair value of the company as a whole. ... Many preferred shares carry convertibility options, where they can trigger a conversion from preferred into common stock.
  • Preferred stock is a type of ownership that receives greater demand on a company's profits and assets than common stock. While preferred shareholders do not typically have a right to vote in the company, they do hold the benefit of being paid dividends before common shareholders.
  • Most shareholders are attracted to preferred stock because it offers consistent dividend payments without the long maturity dates of bonds or the market fluctuation of common stocks.
  • The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does. Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders.
  • Preferred stocks are not debt issues, so they do not represent loans that are eventually paid back at maturity. ... The yield generated by a preferred stock's dividend payments becomes more attractive as interest rates fall, which causes investors to demand more of the stock and bid up its market value.
4 0
4 years ago
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