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il63 [147K]
3 years ago
13

The accounting process is correctly sequenced asA) Identifying→recording→communicatingB) Identifying→communicating→recordingC) C

ommunicating→Recording→IdentifyingD) Recording→Communicating→Identifying
Business
1 answer:
garik1379 [7]3 years ago
3 0

Answer:

The correct answer to the following question is option A) Identifying - Recording - Communicating .

Explanation:

An accounting process can be defined as series of activities which begins with identifying a transaction and ends with books closed. This process is also called accounting cycle because this process is done every financial reporting period. Here the first step would be to identify a transaction, then getting source document of transaction ready, after that classifying the transaction , then recording it by making journal entries, which would then lead to preparation of ledger, trial balance and other financial statements etc.

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True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer pred
Hunter-Best [27]

Answer:

False. See expplanation below.

Explanation:

Training error by definition is the "error that you get when you run the trained model back on the training data."

False

Sometimes if we have more predictors than the neccesary we create bias and other problems like multicolinearity between the independnet variables. The idea is have a parsimonious model with the ideal number of variables and not with too much or too low variables.

For example we can have a linear model with just one predictor adjusted to the response variable perfect. And we can have another model with the same response variable but with 10 predictors with the same correlation and significance.

Always is important to understand the context of a problem in order to select the predictors to estimate the response variable in order to don't overestimate the number of parameters neccesary to use.

8 0
4 years ago
Maggie Sharrer Company borrows $88,500 on September 1, 2022, from Sandwich State Bank by signing an $88,500, 12%, one-year note.
faust18 [17]

Answer:

The accrued interest at December 31, 2022 amounts to $3,540

Explanation:

Accrued Interest = Amount borrowed × rate × Number of months/ 12

where

amount borrowed is $88,500

rate is 12%

= $88,500 × 12% × 4/12

= $3,540

The accrued interest for one year note is $3,540

Note: Number of months from September to December will be 4 months that is September, October, November and December.

8 0
3 years ago
Suppose that a small family farm sold its output for $100,000 in a given year. The family spent $25,000 on fuel, $40,000 on seed
mina [271]

Answer:

0

Explanation:

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

accounting profit = revenue - explicit cost

Explicit cost includes the amount expended in running the business.

100,000 - (25,000 + 40,000 + 25,000) = 10,000

economic profit = 10,000 - 10,000 = 0

6 0
3 years ago
The manager is responsible for training you about food safety in your job duties. The most important of these include: Preparing
IceJOKER [234]
I would believe that it would be showing you when and how to wash your hands properly. Because if an employee doesn't have clean hands than the food isn't safe to consume. So I would say the third option.
Hope this helps!
<3
5 0
3 years ago
Read 2 more answers
What are the benefits of a cooperative work experience
cupoosta [38]

Answer:

Earns college credit for working in the job field related to his/her career or educational goals.

Has the opportunity to earn money while learning.

Learns what work in the related career field is all about.

Increases employability and earning power.

Increases the potential to advance within the career field.

Explanation:

4 0
4 years ago
Read 2 more answers
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