1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brilliant_brown [7]
3 years ago
13

Financial accounting should provide information that:_______.

Business
1 answer:
Helga [31]3 years ago
5 0

Answer:

The answer is d. tells about economic resources, claims to resources, and changes in resources and claims is useful to investors and creditors in making decisions.

Explanation:

Financial reporting at its core, is a "language". It ensures that the investors and all stakeholders are provided with relevant and accurate information regarding a business or an institution. So that they can take effective and efficient economic decisions that will eventually benefit the entire economy.

You might be interested in
Nolan is applying for a promotion within his company. the ________ state that the qualified candidate must have a four-year coll
balandron [24]

The correct answer is job specifications. Job specifications is being defined as a statement in regards of the essential components of the job class by which it includes the summary of the work that are to be performed, responsibilities, minimum qualifications, and as well as the primary duties.

3 0
4 years ago
Taurus's gross pay for the week is $980. his yearly pay is under the limit for oasdi. assume that the rate for state and federal
olga_2 [115]
<span>Taurus's employer must record $60.76 for unemployment compensation because his yearly pay has not yet exceeded the $7,000 cap. Taurus's oasdi tax would be $60.76 and the medicare tax total is $14.21. The total payroll tax expenses for Taurus's employer to pay is $135.73.</span>
4 0
4 years ago
Swifty Company has identified that the cost of a new computer will be $30000, but with the use of the new computer, net income w
klio [65]

Answer:

10.0 years

Explanation:

The computation of the payback period is shown below

We know that

Payback period = initial cost ÷ increase in net income

= $30,000 ÷ $3,000

= 10 years

As the depreciation expense is a non-cash expense so we dont considered it

Therefore the first option is correct

8 0
3 years ago
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
Dovator [93]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

7 0
3 years ago
In the local paper, a car dealership advertises a small used car for a great price and a low interest rate loan. When Patrice co
Shkiper50 [21]

Answer:

False advertising.

Explanation:

The car dealership is showing some advertising that caughts public atention because it offers lower rates and cheap prices for a product that it may not even exist. This is why is called false advertising, because at the time costumer arrives to the dealership asking for the car advertised, they try to sell a different product that is even more expensive.

5 0
3 years ago
Other questions:
  • In a market with many sellers, businesses compete for customers by offering _____ and _____.
    14·1 answer
  • Most economists believe that a cut in tax rates a. would generally increase government tax revenue. b. would have no effect on a
    12·1 answer
  • The leader-member exchange theory argues that:
    14·2 answers
  • Calculate the risk-adjusted asset base for a bank with: a. Cash of $20 million, 0% b. Gen. Obligation municipal security of $100
    9·1 answer
  • An adjusted trial balance:Is a list of all accounts and their balances after adjusting entries.Is a list of all accounts and the
    6·1 answer
  • Fastlane Company has 50,000 shares of common stock and 20,000 shares of preferred stock outstanding. There was no change in the
    7·1 answer
  • In alphabetical order below are current asset items for Roland Company’s balance sheet at December 31, 2020.Accounts receivable
    7·1 answer
  • Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activiti
    6·1 answer
  • For tax reasons, your client wishes to purchase an annuity that pays $100,000 each year for 6 years, with the first payment in o
    14·1 answer
  • A difference in quantitative indicators and qualitative indicators is quantitative indicators always consist of numerical amount
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!