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Alik [6]
3 years ago
6

Which data types are typically found in the finance department? employee data, promotion data, vacation data transactional data,

purchasing data, payroll data, tax data investment data, monetary data, reporting data promotion data, sales data, advertising data?
Business
1 answer:
dalvyx [7]3 years ago
4 0

Data that should be found in the Finance Department is as below:

1) Employee Data: If the data relates to employees personal data, it will not be found in the finance Depatment.

2)Promotion Data: Promotion data is more of Human Resource Activity thus it will not be found in the Finance Dept.

3)Vacation Data: Also a Human Resource Activity, thus it wont be found in the Finance Dept.

4)Transactional Data: Data regarding monetory transactions carried out on a daily basis will be found in the finance department.

5)Purchase Data: Will be found in the finance Department.

6)Payroll Data: Regarding Employees salary will be found in the finance Department.

7)Tax data: Will be found in the finance Department, as one of the functions of the department includes taxation.

8) Investment Data : Will be found in the finance Deparment.

9)Monetory Data: Everything related to money will be found int he finance Department, thus monetory data will be found here.

10)Sales Data: will be found in finance Department

11) Advertising Data- Is more of a Sales Team Activity, thus it will not be found here.

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The income statement shows the difference between a firm's income and its costs--i.e., its profits--during a specified period of
Aloiza [94]

Answer:

True.

Explanation:

‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.

The cash flow from operating activities is generally more than the net income after taxes.

The cash flow from operating activities includes only the cash transactions relating to the operations of the business. It ignores the non-cash transactions. On the other hand, net income is derived after deducting all the expenses (paid or unpaid) from the revenue earned, pertaining to a particular period.

Example: Depreciation expense is a non-cash transaction. It is treated as follows:

While calculating cash flow from operating activities, depreciation expense is ignored (added back to the net income) as it is a non-cash transaction.

On the other hand, depreciation expense pertaining to the accounting period is deducted from revenue to calculate net income after taxes.

Thus, the cash flow from operations is generally more than the net income after taxes.

5 0
4 years ago
Carl Critic has just announced his choices of the worst Hollywood actresses of the year, and Stella Starr has been named the wor
Alekssandra [29.7K]

Answer: No, this was merely Carl's opinion.

Explanation:

Labelling a statement as an opinion generally protects the person who said it from defamation suits however this is not always the case.

If the opinion is based on disclosed and well known facts, the action is free of defamatory or libel charges.

This seems to be the case in this scenario as his column seems to be based on the performances for the year.

Bottomline is, Stella cannot sue Carl for libel as it is his opinion.

7 0
3 years ago
The two major markets in the circular flow of income and expenditure are the:________
Arada [10]

Answer:

[2] goods market and factor market.

Explanation:

The circular flow of income shows how exchange of money, goods and services occur in an economy.

the two flow circular income model consists of an household and a firm.

The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.

households then go to the goods market to purchase goods and services.

3 0
3 years ago
Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit for the varlable costs of the product an
DerKrebs [107]

Answer:

25%

Explanation:

the formula for the margin of safety is as follows

margin = current sales level -breakeven point/ current sales level x 100

expected sales unit = 20,000 units

the break-even point is fixed costs/contribution margin

fixed costs= $360,000

contribution margin = sales price- variable costs

=61-37

=24

breakeven point = $360,000/ 24

=15000

the margin of safety =  20,000-15,000/20,000 x 100

=5000/20000 x 100

=25%

7 0
3 years ago
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