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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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Vaughn Manufacturing started business in 2012 by issuing 209000 shares of $21 par common stock for $28 each. In 2017, 25500 of t
marshall27 [118]

Answer:

A. $153,000

Explanation:

The Journal Entry is shown below:-

Property Dr,                                          $1,173,000

          To Treasure stock                     $1,020,000

           To additional paid-in-capital    $153,000

The computation is given below:-

For Property

= 25,500 × $46

= $1,173,000

For Treasure stock

= 25,500 × $40

= $1,020,000

For Additional paid-in-capital

= $1,173,000 - $1,020,000

= $153,000

6 0
3 years ago
Technology helps managers to monitor and control business activities and includes each of the following except:
rewona [7]

Answer:

Correct Answer:

b. Less extensive testing of records

Explanation:

Technology which is the use of machines or electronical devices to make work easier is applied in most organizations by organizational managers. <em>Unfortunately, less extensive testing of records is not one of its uses but rather detailed and extensive testing in order to check if there is any error in the records.</em>

8 0
3 years ago
2.5 - Quiz: Recording Business Transactions Quiz
Sati [7]
The answer is capital
6 0
3 years ago
Sort each description into the category where it fits best. Inflation and Deflation
Pie
First three together in the first I think
4 0
3 years ago
Read 2 more answers
Domino's Pizza decides to buy a larger oven, which allows workers to produce more pizza in the same amount of time. This is an e
notka56 [123]

Answer:

The correct answer is Worker productivity

Explanation:

The productivity of work is the efficiency of the productive activity of men expressed by the correlation between labor expenditure (at the level of society, of a branch, of a company or of a single worker) and the amount of material goods produced (established in money or in kind) in a unit of time. It is determined by the amount of time invested in developing the production unit or by the amount of production manufactured in the time unit. The level of labor productivity is a very important index of the progressive nature of a mode of production of a given social regime. Every new social regime, Lenin said, beats the one that precedes it by achieving greater labor productivity. Raising labor productivity means saving live work and social work, that is, reducing the socially necessary time to produce the unit of merchandise, reducing its value. The proportion of living labor decreases while the proportion of past (materialized) labor increases relatively and in such a way that the overall sum of work locked up in merchandise is reduced. This law manifests the decisive meaning of the progress of the technique for the growth of labor productivity.

3 0
3 years ago
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