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3 years ago

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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The formula for the simple deposit multiplier is :______

Sphinxa [80]

It can be any of them but i think simple deposit multiplier = 1/1RR

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4 years ago

The general fund has transferred cash to the appropriate fund for eventual retirement of term bonds maturing in 10 years. which

Lunna [17]

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3 years ago

Suppose Cold Goose Metal Works Inc. is evaluating a proposed capital budgeting project (project Beta) that will require an initi

olganol [36]

Answer:

-$1,153,204.

reject

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 0 = $-2,500,000

Cash flow in Year 1 = $275,000

Cash flow in Year 2 = $450,000

Cash flow in Year 3 = $450,000

Cash flow in Year 4 = $475,000

I = 8%

NPV = -$1,153,204.

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

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3 years ago

____________ contract for the sale of goods in which the seller is required or authorized to ship the goods by carrier and tende

Helen [10]

Answer: Destination Contract.

Explanation:

Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.

The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.

The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.

After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.

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3 years ago

According to the Solow growth model, high population growth rates:_________ a) are a prerequisite for technological advances and

sashaice [31]

Answer:

b) force the capital stock to be spread thinly, thereby reducing living standards.

Explanation:

Solow growth model: It is a model of economic growth, which was developed by Nobel laureate Robert Solow. It helps in analyzing the change in the output of production due to a change in population growth rate, saving rate and technological growth rate.

In the Solow growth model, an increase in population growth rates will increase the growth rate of the total output of production, however, there are no sharp changes in the growth rate of per capita output and decrease in capital intensity and saving rate, which reduce living standard.

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3 years ago