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Ket [755]
3 years ago
6

Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial informati

on. "I'm not worried about accounting," she tells her friends. "I'll just hire a part-time bookkeeper to handle all that type of stuff, and focus my attention on what I like—finding ways to satisfy my customers." Which of the following is the best response to Jill's comments?
Business
1 answer:
kotegsom [21]3 years ago
8 0

Answer:

Explanation:

. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.

It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements

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A monopolistically competitive firm has excess capacity in the long run. This means that it: Group of answer choices produces le
jarptica [38.1K]

Answer:

It means that it produces less than the output at which the average total cost is minimized

4 0
3 years ago
For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following a
Mariana [72]

Answer:

b. Liabilities assumed, at book value.

Explanation:

International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) require everything (Assets, Liabilities and Non-controlling interest) to be measured at the fair market value, the amount a third-party would pay on the open market, at the time of acquisition — the date that the acquirer took control of the target company.

3 0
3 years ago
Joel operates his business, carson collectibles, by himself. he has made no election with his state regarding his business. what
Paha777 [63]
<span>Joe's business is most likely a type of sole proprietorship. Sole proprietorships are usually ran by one person who accounts for all of the business expenses as part of their personal taxes so there is no difference between personal and business. This form of business also does not need to file any paperwork with the state. The owner just needs a business license.</span>
3 0
2 years ago
Which source of funds refers to the money raised by corporations through stock markets
liubo4ka [24]

Answer:

Capital Funds/Equity Capital

Explanation:

A company can raise their overall capital by selling off parts of the company in the form of stocks in which then people become shareholders, most of the time called investors. This is know as Equity Funding.

7 0
2 years ago
Ed is taking off from work for four hours this afternoon and going to a baseball game. The ticket to the game costs $25 and it c
statuscvo [17]

Answer: $100

Explanation:

Opportunity cost is the benefit that we forgo when another option is chosen thereby leaving out something else. Based on the information given, Ed's opportunity cost of going to the ball will be calculated as the addition of the income that's lost when he takes some time off from his work and the expenses that he incurs on the base ball game. This will be:

= ( 4 × $15) + $25 + $15

= $60 + $40

= $100

The opportunity cost is $100.

8 0
2 years ago
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