1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxMikexx [17]
3 years ago
6

Discuss the advantages of understanding accounting as it relates to your current or future position. (consider careers in manage

ment, sales, business operations, finance, and business ownership.)
Business
1 answer:
astra-53 [7]3 years ago
3 0
Currently, i'm in the position of business ownership.
Understanding accounting will give me more in-depth understanding about budgeting my projects to achieve my goals.
Not only that, it also allow me to monitor the activities of my employees so i know if there is a suspicious transaction made by one of my employee
You might be interested in
a. Balance sheet accounts are arranged into ______ general categories. b. Common Stock and Dividends are examples of ______ acco
tresset_1 [31]

Answer:

a. Three (3).

b. Equity.

c. Liability.

d. Asset.

e. Account.

Explanation:

a. Balance sheet accounts are arranged into three general categories. These are asset, liability and equity.

b. Common Stock and Dividends are examples of equity accounts.

c. Accounts Payable and Note Payable are examples of liability accounts.

d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of asset accounts.

e. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

8 0
4 years ago
Suppose that a mortgage bank locked in an interest rate for a prospective borrower at 8.5%. However, prior to the loan closing,
m_a_m_a [10]

Answer:

Reinvestment risk

Explanation:

The mortgage banker would be most concerned about reinvestment risk, among other risks. Reinvestment risk relates to the inability to earn an original interest rate on an investment from periodic cash flows from the investment, thus limiting the overall rate of return on the investment.

In the question, since market mortgage rate has declined to 7.5%, the mortgage bank would have to reinvest the amount repaid from the original borrower at the new market rate, which is 1% lower than the ruling rate when the original borrower took the loan.

The problem would be compounded if the cost of funding to the mortgage bank was, for instance 8%. If that was the case, on the original loan, the mortgage bank was earning a (8.5% less 8% cost of funding =) 0.5% on the loan. However, due to the decline in market rates, the mortgage bank would have a cost of 8% compare to a market rate of 7.5% it would earn, thus resulting in a negative return of 0.5%.

3 0
3 years ago
Define the following terms:<br>recession:<br>depression:<br>expansion:<br>this is for economics.​
soldier1979 [14.2K]

Answer:

Explanation:

Recession- a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

depression- a overwhelming feeling of despair that often leads to sui.ci.al  thought or su.ic.ide .

expansion- the action of becoming larger or more extensive.

6 0
3 years ago
On January 2, 2018, Ava Co. issued at face value $53,300 of 9% bonds convertible in total into 9,649 shares of Ava's common stoc
aalyn [17]

Answer: $123,583.90

Explanation:

Given the following Parameters,

Net income = $120,226,

Interest rate = 9%

Tax = 30%

The following formula then applies,

Diluted EPS = (Net income + Interest after tax)/Total outstanding shares outstanding

Now, Interest(Before tax) = $53,300 * 0.09 = $4797

Now we have to calculate it After Tax

= 4,797 (1-tax rate)

= 4,797(1-0.3)

= $3,357.90

The numerator is,

= (Net income + Interest after tax)

= 120,226 + 3,357.90

= $123,583.90

The numerator in the diluted earnings per share calculation for 2018 would be $123,583.90

4 0
3 years ago
Read 2 more answers
The practice of changing prices for products in real time in response to supply and demand conditions is referred to as
amm1812

Answer:

Dynamic pricing

Explanation:

In simple words, Dynamic pricing, often alluded to as rising rates, vibrant pricing as well as period-based pricing, relates to the pricing technique under which companies set variable prices for goods or commodities on the basis of existing consumer demands. A main benefit of competitive pricing seems to be the opportunity to increase the income with each consumer.

8 0
3 years ago
Other questions:
  • Web hosts generally offer between ______ of free storage. Question 7 options: 10MB and 50MB 50MB and 100MB 100MB and 200MB 200MB
    10·2 answers
  • W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true
    8·1 answer
  • Juan works at Texas Burgers in El Paso and earns $8.00 per hour. His twin brother Felipe works in Mexico Burgers in Ciudad Juare
    14·1 answer
  • George, the marketing manager of Axil Bicycles, discovers that the company's current market is becoming stagnant and the product
    10·1 answer
  • Imagine that your boss is someone whom you and your coworkers have very little respect for, but you and others continue to do wh
    8·1 answer
  • Suppose an inventor is interested in the proportion of local consumers who would be interested in purchasing her new product. If
    15·1 answer
  • Which of the following is a characteristic of effective teams? Groupthink is encouraged among team members. Conflict is managed
    7·1 answer
  • Starting from a long run steady state equilibrium, a variety of expansionary fiscal and monetary policies were undertaken. The p
    13·1 answer
  • New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and
    13·1 answer
  • Give an example of an official in public service who failed to show probity, and explain your
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!