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3 years ago

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

Business

2 answers:

Degger [83]3 years ago

4 0

Answer:

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

lara [203]3 years ago

3 0

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

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

In banking,it means continuing financial relationship between a bank and a customer,whereby deposits and debts are held and processed within a framework of established rules and procedures.

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3 years ago

What is plasticity? How does it apply to development?

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4 years ago

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Gekata [30.6K]

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3 years ago

Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.

Zinaida [17]

Answer and Explanation:

1. The first statement is true

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3. The third statement is true

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3 years ago

The following data pertain to Dakota Division's most recent year of operations.

Kisachek [45]

Answer:

The Dakota Division's sales margin, capital turnover, and return on investment for the year is 7.40% , 4.60 times and 34% respectively

Explanation:

The computations are shown below:

1. For sales margin :

Margin = Income ÷ Sales × 100

= $4,250,000 ÷ $57,500,000 × 100

= 7.40%

2. For turnover:

Turnover = Sales ÷ Average invested capital

= $57,500,000 ÷ $12,500,000

= 4.60 times

3. For Return on investment:

Return on investment = Income ÷ Average invested capital × 100

= $4,250,000 ÷ $12,500,000 × 100

= 34%

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4 years ago