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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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A company has net working capital of $2,204, current assets of $6,475, equity of $22,215, and long-term debt of $10,535. What is
kherson [118]

Answer:

Net fixed assets is $30546.

Explanation:

Given the net working capital = $2204

The current assets of the company = $6475

The equity of the company = $22215

Long term debt of the company = $10535

Net Working Capital = Current Assets – Current Liabilities

2204 = 6475 – current liabilities

Current liabilities  = 6475 – 2204 = 4271

Total assets = Current Liabilities + Long term Debt + Total Equity

= 4271 + 10535 + 22215

= $37021

Total Liabilities and Stockholders Equity = Total Assets

Total assets = $37021

Total Assets = Current Assets + Net Fixed Assets

37021 = 6475 + net fixed assets

Net fixed assets = 37021 – 6475 = $30546

4 0
3 years ago
(Table) If Jake and Sue are the only buyers of the local pizzeria's pizza, what is the market demand for pizzas at each of the p
IrinaK [193]

Answer:

This is the table that the question is referring to:

Price       QJ         QS

5              4             2

10             3             1

15             2            0

20            1             0

Total market demand is the sum of the individual market demands. In this market, it is the sum of the market demand of Jake and Sue.

Market demand at the price of $5 is 7 pizzas.

Market demand at the price of $10 is 4 pizzas.

Market demand at the price of $15 is 2 pizzas.

Market demand at the price of $20 is 1 pizza.

8 0
3 years ago
Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if
ahrayia [7]
The answer is 40,000
3 0
3 years ago
Eliminating _______ pushes idea creation and decision-making out of headquarters and into the field. none of these pay bonuses p
natima [27]

The correct answer is layers of management. Layers of management is defined as a centralized, bureaucratic organization structure by which it is composed of three levels of management that are; top-level, middle level, and first level managers that are less top level managers.

3 0
3 years ago
Leasing has become the number one method of external financing by U.S. companies. Reasons include each of the following except:
mihalych1998 [28]

Answer:

Extended use of the asset.

Explanation:

The major advantages of leasing include operational, financial and tax incentives. When you lease an asset, the entire amount is taken as an expense, which might benefit a company if you compare it to the normal depreciation of a building (which lasts 39 years). Leasing also lowers the amount of foreign investment and it is easier to carry out than purchasing assets.

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3 years ago
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