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2 years ago

Financial accounting should provide information that:_______.

Business

1 answer:

Helga [31]2 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.

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Dermot just learned that his company is closing, and all the employees will be laid off. He is distraught and anxious about how

77julia77 [94]

Answer:

Explanation:

because you want the employer to know that you learned from your last job

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3 years ago

What is the most likely effect of the development of XBOX with DVD capabilities on the DVD player industry? a. decreased price

Shkiper50 [21]

Answer:

The correct answer is letter "B": Increased price elasticity of demand for the DVD player industry because XBOX are substitutes.

Explanation:

Price elasticity of demand reflects the changes in quantity demanded for a good or service as a result of changes in price. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than one (1) the demand is elastic. It means a minimum change in price has a major impact on the quantity demanded volume.

Thus, if XBOX implements DVD features, DVD players will face an increase in their price elasticity of demand because changing DVD players' prices could change their quantity demanded by far because consumers will prefer purchasing an XBOX which is a substitute.

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3 years ago

The main goal of auditing internal control is Group of answer choices To allow the auditor to fix any internal control deficienc

mafiozo [28]

Answer:

To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

Explanation:

In Accounting, an internal control is a mechanism, procedure, rule or policy designed by management to secure assets, promote efficiency, ensure accountability and prevent fraudulent behavior in an organization.

The main goal of auditing internal control is to evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

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3 years ago

Davidson Software Technologies believes in hiring only the best programmers in the industry. As a result, it uses a comprehensiv

Vladimir [108]

Answer:

The correct answer is C

Explanation:

HRM system is the system which is designed in order to automate the business process of human resource, compliance, transactions and payroll. This system allows the business to focus on the people through streamlining all the software workforce into the business intelligence solution.

Recruitment and selection is the procedure of identifying the requirement of job and defining the need of the position, advertising the position and selecting the appropriate person for the position.

Therefore, the recruitment and selection is the component of HRM system which uses the hiring procedure that comprise of testing and interviewing the professionals.

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2 years ago

Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in

otez555 [7]

Answer:

Trial Balance

Items Group Debit ($) Credit ($)

Cash Asset 37641

Office Supplies Asset 890

Prepaid Insurance Asset 4600

Office Equipment Asset 12900

Accounts Payable Liability 12900

Capital Equity 18000

Withdrawals Equity 3329

Engineering Fees earned Revenue 36000

Rent Expense Expense 7540

Total $66900 $66900

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3 years ago