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3 years ago

What is the role of accounting in business?

1 answer:

4 0

The role of accounting is to provide you and any other stakeholders with financial information about the company, such as sales revenue, the cost of benefits and the amount you owe your suppliers. Without the information from your accountants, you can't make good financial decisions for your business.

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Indicate whether each of the following is a finalâ€‹ good, an intermediateâ€‹ good, or neither.

butalik [34]

Answer:

1. Coffee beans purchased by a coffee shop -- intermediate good.
2. One share of Google stock -- neither.
3. A new pick-up truck purchased by a consumer -- final good.
4. A new home purchased by a family -- final good.

Explanation:

An intermediate good is a semi-finished good that is used as the inputs of the production and makes them sell and buy the goods. While the final good is one that is finished in processing and is ready to be consumed and those goods that are present in a stocks firm are not used and neither is been developed are google stocks.

7 0

3 years ago

PROBLEMThe PQ partnership has the following plan for the distribution of partnership net income (loss):P QSalaries $60,000 $100,

Yanka [14]

Answer:

1. P = $156,560; Q = $203,440

2. P = $90,320; Q = 149,680

3. P = -$43,500; Q = $3,500

Explanation:

The explanation is given in images for each situation:

3 0

3 years ago

January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 41,000 of its common shares at $9 each. T

ICE Princess25 [194]

Answer:

174,250 shares

Explanation:

The computation of the number of shares to be used in computing diluted earnings per share is shown below:

Proceeds from exercise of options (a) $369,000 (41,000 shares × $9)

Used to repurchased for common stock (b) 30,750 shares (41,000 shares × $9 ÷ $12)

Number of shares for exercised (c) 41,000 shares

Less: repurchased shares (d) -30,750 shares

Diluted common shares {e = c - d} 10,250 shares

Add: Common shares (f) 164,000 shares

Total number of shares for diluted earning per share 174,250 shares

We ignored the market price of common stock as it is not relevant.

8 0

3 years ago

Root and Vine is a gardening collective and local delivery service started by two friends. Their clientele has grown, and they w

Vesna [10]

When they want to protect their personal property, they may want to try out a limited liability company. By making it a limited liability company, they may choose to become limited partners and not have their personal property at risk. However, they have to find other partners who are willing to participate in the business as general partners. It is only the general partners who will have their property at risk when the company closes down so they have to make sure to get general partners.

6 0

3 years ago

The Occupational Safety and Health Act does not require employers to abide by the regulations and the safety and health standard

aliya0001 [1]

The answer is False

3 0

3 years ago