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3 years ago

Accounting is indispensable to management discuss?

1 answer:

6 0

Accounting is one of the main components to being able to manage a company, their inventory, assets, revenue and debt. Without the methods of accounting, how would management be able to understand how to business is doing financially so they can continue what they are doing or find new solutions? Management accounting focuses on gathering data from internal and external sources and turning it into factual data that a company uses to make decisions.

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Economists classify resources, or factors of production, into four general categories. Determine whether each statement about re

amm1812

Answer and Explanation:

The first statement is true as the land refers to the all-natural resources that consist of fertile land, forest, etc

The second statement is also true as it states the mental and the physical productivity of workers

The third statement is false as the capital involved the tools, machinery, equipments, etc

And, the last statement is true as the entrepreneur ability states the resources management, innovative drive, etc

6 0

4 years ago

Verify why the farmers' credit union chose to increase Farm B's line of credit but not Farm A's in the following scenario:

Shkiper50 [21]

Answer:

see below

Explanation:

he farmers must have considered the ability to repay back loans when making the decision. The ability of a business to meet its current obligations is expressed by the current ratio.

The current ratio or working capital ratio communicates a firm's ability to repay debts as they become due. The higher the ratio, the better.

the current ratio is calculated as current assets/current liabilities

For Firm A,

current ratio =$150,000/ $125,000.

=1.2

For Firm B,

current ratio =$100,000/$75,000

=1.333

Firm B has a better current ratio than Firm A. Firm B is in a better position to repay loans compared to Firm A.

5 0

3 years ago

What is sample size?

lbvjy [14]

Answer:

What is sample size?

Explanation:

= The number of participants included in the population study

 OR,

=The total number of persons included in the study .

4 0

3 years ago

Read 2 more answers

Mervon Company has two operating departments: mixing and bottling. Mixing occupies 23,045 square feet. Bottling occupies 18,855

fiasKO [112]

Answer:

Mixing= $112,000

Bottling= $91,800

Explanation:

Giving the following information:

Mixing occupies 23,045 square feet

Bottling occupies 18,855 square feet.

Total sq= 41,900

Indirect factory costs include maintenance costs of $204,000.

First, we need to calculate the proportion of square feet for each department:

Mixing= 23,045/41,900= 0.55

Bottling= 18,855/41,900= 0.45

Now, we can allocate overhead:

Mixing= 0.55*204,000= $112,000

Bottling= 0.45*204,000= $91,800

7 0

4 years ago

people on here are tr0lling so I'm giving fr33 points to people who have been tr0lled, have a nice day. :)

eimsori [14]

Answer:

thx

Explanation:

4 0

3 years ago

Read 2 more answers