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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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Anyways, Hope this somehow helps!
3 0
2 years ago
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5 0
3 years ago
For a manufacturing firm, cost of goods available for sale is computed by adding the beginning finished goods inventory to
vagabundo [1.1K]
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3 years ago
Finishing Touches has two classes of stock authorized: 8%, $10 par preferred, and $1 par value common. The following transaction
Elza [17]

Answer:

See explaination and attachment

Explanation:

Stockholders' equity is the amount of assets remaining in a business after all liabilities have been settled. It is calculated as the capital given to a business by its shareholders, plus donated capital and earnings generated by the operation of the business, less any dividends issued.

Balance Sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

See attachment for the step by step solution of the given problem.

8 0
3 years ago
Google this for me: How to handle analysis paralysis?
STatiana [176]
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Analysis barely gives a clear answer as to what discussion is best.
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Read 2 more answers
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