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Ainat [17]
2 years ago
8

Do all accounts serve the same function? Why or why not?

Business
2 answers:
Degger [83]2 years ago
4 0

Answer:

D:  No, accounts serve the purpose that their owners choose.

lara [203]2 years ago
3 0

No<span>, </span>accounts serve<span> the </span>purpose<span> that their owners choose. They do not have the same function.

>>>Accounts are f</span><span>inancial records of an organization that register all financial transactions, and must be kept at its principal office or place of </span>business<span>.
In accounting, it means </span><span>the chronological </span>record<span> of </span>changes<span> in the </span>value<span> of an </span>entity's assets<span>, </span>liabilities<span>, and the </span>owners' equity<span>

In banking,it means c</span>ontinuing financial relationship<span> between a </span>bank<span> and a </span>customer<span>,whereby </span>deposits<span> and </span>debts<span> are </span>held<span> and processed within a </span>framework<span> of </span>established rules<span> and </span>procedures.<span>


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Samson, Inc. reported the following information for the​ year: Service Revenue $ 40 comma 000 Operating Expenses 24 comma 000 Ne
agasfer [191]

Answer:

$2.29

Explanation:

The units cost per service is the ratio of the total operating expense to the total number of services provided during the year. Given that the Operating Expenses 24 comma 000 and the  Number of Services Provided for the Year 10 comma 500,

the unit cost per​ service

= $24,000/10,500

= $2.285714286

To the nearest cents

= $2.29

6 0
2 years ago
_______________ involves you imagining yourself achieving your final goal.
otez555 [7]
I’d say Outcome visualization since it involves seeing yourself achieving your goal.
3 0
2 years ago
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The only expenses that can be reduced in order to produce more savings are ""Non-essential Expenses"" and ""Essential (Variable)
Y_Kistochka [10]

Answer:

The statement is false

Explanation:

Non- essential expense is the expense which is spent on the extra things, which means it is not essential to meet the needs. Whereas the essential expense are those expenses which are spend on consuming the things required for living. For example food, cloth.

So, both the expenses are those expense which are necessary for an individual or person and therefore, cannot be reduced in order to produce the more savings.

8 0
3 years ago
Read 2 more answers
edna kropp's gross income for a year included salary, $12,400; commission, $27,750; intrerest, $440. Her adjustment to income we
aliina [53]

Gross income is the total amount of income before any deductions.

In this case, you would add Edna's salary, commission, and earned interest.

For adjusted gross income, you would subtract payment to retirement and withdrawal from the GROSS INCOME you calculated previously

6 0
2 years ago
To qualify for the quantity discount, which of the following may not be joined together under the definition of any person?
Sedaia [141]

Answer:

C. Father and his 35-year-old son investing in separate account.

Explanation:

Quantity discount when offered relates to one particular account, and not multiple accounts at a time.

In a transaction joint accounts are called as single person where there is only one main account in consideration and no secondary account exists for the same.

As in the given options,

Option A of husband and wife investing in a joint account means a single account is made of which both the husband and wife are controllers.

Option B is of UTMA account which is made for the benefit of the minor child, although involves two people that is parent and child, but is run individually by the parent and is a single account.

Further Option C provides for separate investment accounts , which means two different accounts and therefore are completely different one of father and another of son, thus do not qualify of quantity discount jointly, either of the one account can claim the quantity discount as a person.

4 0
3 years ago
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