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kenny6666 [7]
3 years ago
12

What degree is needed to be an accountant? I really, really, really need the answer

Business
2 answers:
Oksi-84 [34.3K]3 years ago
5 0

Answer:

bachelor's degree

Explanation:

Although not required, most accountants attend college and earn a bachelor's degree. However, a bachelor's degree in accounting or a related field is considered the minimum education requirement for those who plan to become a CPA.

Lina20 [59]3 years ago
4 0
It’s not required but accountants go to college and earn their bachelors degree!
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Marks Consulting purchased equipment costing $45,000 on January 1, Year 1. The equipment is estimated to have a salvage value of
Tasya [4]

Answer:

B) Debit to accumulated depreciation for $22,500.

Explanation:

As for the information provided,

Depreciation under straight line method for each year = ($45,000 - $5,000)/8 = $5,000 for each year.

Depreciation for 4 years = $5,000 \times 4 = $20,000

Depreciation in 5th year for 6 months = $5,000/2 = $2,500

Total depreciation till 1 July Year 5 = $20,000 + $2,500 = $22,500

Carrying value of equipment in books as on date of sale = $45,000 - $22,500 = $22,500

Sale price = $20,000

Profit or loss on sale of equipment = $20,000 - $22,500 = - $2,500

So therefore, there is loss of $2,500

Thus, option c and option d are invalid.

Further cash received on sale is debited and not credited thus, option a is also invalid.

As the total accumulated depreciation = $22,500

The correct entry will include debit to accumulated depreciation of $22,500.

Thus, option b is correct.

6 0
3 years ago
The denominator in the fixed asset turnover ratio is
jonny [76]
The denominator of the fixed asset turnover ratio is AVERAGE FIXED ASSET.
The fixed assert turnover ratio refers to the ratio of sales to the value of fixed asset of a company. The ratio is very important in evaluating how a company is using its fixed assets to generate sales.
Mathematically, fixed asset turnover ratio = Net sales / Average fixed assets.
The numerator is net sales while the denominator is average fixed asset. 
4 0
3 years ago
To supplement her income, Jeanne Lester decided to start her own bookkeeping business while still working as an office assistant
Triss [41]

Answer:

Yes  

Explanation:

Misappropriation of assets includes actions like stealing a company's assets or borrowing them for personal use. In this case, Jeanne didn't steal any of the company's assets and even paid for her office supplies, but she is borrowing the company's phone, computer and printer. In a strict manner, we can say that she misappropriated the assets even though they were not harmed and remain completely operational.  

7 0
3 years ago
Fawn works for a web publishing company, and daily, she is charged with solvingchallenging software algorithms and ensuring that
Anarel [89]

Answer: b. Fawn would call her clients and communicate about what their needs are and how she might be able to help them.

Explanation: For Fawn to be seen as competent, she would have to be able to know how to communicate to her clients about what their needs are and make them understand that she could help them.

Afterwards, she begins to decipher ways to carry it out.

7 0
3 years ago
Quantity of Flower A Total Utility Marginal Utility Quantity of Flower B Total Utility Marginal Utility 1 16 16 1 30 30 2 30 14
OleMash [197]

Answer:

she should buy 4 As and 3 Bs

Explanation:

utility per dollar

                     flower A                 flower B       total money spent

1 flower            8                            10                      $5

2 flowers        7.5                          7.67                  $10

3 flowers         7                            6.78                  $15

<u>4 flowers        6.5                                                   $17</u>

total                29                          24.45                $17

7 0
3 years ago
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