All categories

2 years ago

Match the accounting terminology to the definitions (Click the icon to view the definitions.)

Business

1 answer:

Volgvan2 years ago

7 0

Answer:

a. Accounting.

b. Certified public accountants.

c. Creditor.

d. Managerial accounting.

e. Certified management accountants.

f. Financial accounting.

Explanation:

1. Accounting: information system that measures business activities, processes that information into reports, and communicates the results to decision makers.

2. Certified public accountants: professional accountants who serve the general public.

3. Creditor: person or business to whom a business owes money.

4. Managerial accounting: field of accounting that focuses on providing information for internal decision makers.

5. Certified management accountants: professionals who work for a single company.

6. Financial accounting: field of accounting that focuses on providing information for external decision makers.

You might be interested in

A machine that cost $225,000 has an estimated residual value of $15,000 and an estimated useful life of 15,000 machine hours. Th

algol [13]

Answer:

$57,000

Explanation:

Step 1 : Depreciation Rate

Depreciation Rate = (Cost - Residual Value) ÷ Estimated Production

therefore,

Depreciation Rate = $14.00 per machine hour

Step 2 : Depreciation expenses

Depreciation expense = Depreciation Rate x Annual production

therefore

Year 1 = $42,000

Year 2 = $56,000

Year 3 = $70,000

Total = $168,000

Step 3 : Book Value

Book Value = Cost - Accumulated Depreciation

= $225,000 - $168,000

= $57,000

Conclusion :

book value at the end of year 3 is $57,000

8 0

3 years ago

Tara is responsible for the strategic planning retail planning process in her organization. She has identified the strategic opp

Stells [14]

Answer:

A. Evaluate strategic opportunities.

Explanation:

In strategic retail planning the steps begin with definition of business mission, conduct situation analysis, identify strategic opportunities, and the next stage is to evaluate the strategic opportunities.

In the evaluation stage we look at how feasible a strategic opportunity is. A choice is made between different alternatives to come up with the best choice for the business.

6 0

2 years ago

Which of the following is an advantage that shopping at a physical store has over shopping online?

krok68 [10]

Answer:

A. Personal help and interaction wider.

Explanation:

Due to the physical contact and getting to physically recognise each other, the familiarity increase the level of personal relationship.

5 0

2 years ago

g purchased a 25% stake in for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of equity on its balance s

stepladder [879]

Answer:

Perfection records in it's books an Investment in Associate of $486,000

Explanation:

Hi, your question has missing information, i tried to look for the full question online but I could not find it.

However, I have prepared below explanation to the problem.

When a firm has investments into another firm of less than 50% voting rights in stake but greater than 20% we say that firm has significant influent in the investee. The firm is said to have an Investment in an Associate.

Investments in Associates are always recorded using the Equity Method of Accounting.

Entries for Investment in Associate are :

Debit :Investment in Associate ($1,944,000 × 25%) $486,000

Credit : Share of profits of associate $486,000

Conclusion :

Perfection records in it's books an Investment in Associate of $486,000

4 0

2 years ago

If net investment is zero, then Group of answer choices 1. gross investment is greater than depreciation. 2. gross investment eq

Marat540 [252]

Answer:

2. gross investment equals depreciation.

Explanation:

Following Examples is supporting the answer:

Gross investment = $1.3 million.

Depreciation = $1.3 million

Gross Investment = Depreciation

$1.3 million = $1.3 million

Net investment = $1.3 million - $1.3 million = 0 million

Hence proved that Net investment will be zero if gross investment equals depreciation.

4 0

3 years ago