The 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.
As regards the options, 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.
Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>
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According to Robert Merton, Anomie occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.
Explanation:
The American sociologist named Robert King Merton. He worked most of his profession at Columbia University where he graduated as a professor of the University.
Anomie is "the state that society gives persons no moral guidance" .
Conflicts between values and social linkages between an individual and the group will contribute to anomia.
Goals can become so relevant that illegal means can be used if the institutionalised means — that is to say, appropriate in compliance to social standards — collapsed. Stronger emphasis on results than means produces a tension that leads to a deterioration of the regulatory structure–that is to say, anomie.
Answer: Option B
Explanation: In simple words, GDP refers to the market value or the price of goods and services that are produced in an economy within a year. It constituents are consumption, investment , government expenditure and net exports.
The purchase of ticket and new lawnmower is a consumption while the silver cup belongs to some previous year.
Hence the correct option is B .
Answer: e. The firm is going from its slack season to its peak sales season, so its receivables and inventories will experience seasonal increases.
Explanation:
A company increases it's holdings in short term marketable securities when it has money idle that isn't being put towards anything. It would therefore make sense to invest that money in short term securities to make some sort of profits by way of returns.
When a company is going from it's slack season to its peak season, they will have to use the cash that they have to I crease their inventory so as to better prepare for anticipated increased sales. They therefore cannot be using the cash they have to invest in short term securities making option e. the right answer.
Answer:
E
Explanation:
The required rate of return is the rate used to discount cash flows when calculating NPV. the more risky a project is, the higher the required rate of return. So, if it is perceived that the project is less risky, the required rate of return would decrease.
Net present value is the present value of after tax cash flows from an investment less the amount invested.
Because the required rate of return is used to discount cash flows when calculating NPV, a lower rate would increase NPV
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested. The required rate is not needed when calculating IRR. so, there would be no change in IRR if discount rate is lowered.
