Answer:
Yes
Explanation:
Making profit is a good thing because Profit equals a company's revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.
Answer:
Explanation:
Transaction details encompasses all of the details comprises within a single business procedure or unit of work, its main purpose is to brace the performing of day to day operational or structured conclusions.
Based on contemporary issues, the reason for the disagreement among financial analysts and finance professors over applying accrual accounting rules to raw cash flow data is that "<u>the disagreement is over the complexity of accrual accounting rules for a company.</u>"
<h3>What are accrual accounting rules?</h3>
Accrual accounting rules are the accounting principle that ensures transactions are recorded when it occurs, with or without receiving the actual cash flows for the transaction.
However, despite the many merits of accrual accounting, its application is more complex than most smaller businesses don't want to use it.
Hence, in this case, it is concluded that the correct answer is "<u>the disagreement is over the complexity of accrual accounting rules for a company."</u>
Learn more about accrual accounting here: brainly.com/question/25817056
Answer:
7 hours (if the question asked us how many hours he spent without adding the value of the minutes).
Explanation:
From 7 a.m. to 2 pm its 7 hours.
The remainder is 45 minutes.
7 hours + 45 minutes.
If it's in hours it'll be 7 hours. If the question asked hours and minutes it would be 7 hours and 45 minutes.
