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3 years ago

1. Most students initially believe that if they are good at math, they will be good at accounting.True / False

Business

1 answer:

Contact [7]3 years ago

7 0

Answer:

1. True

2. a & c

3. b

4. a, b & c

5. a, b & c

Explanation:

When you feel interested in math, it's likely accounting is suitable for you.

please read more articles about accounting in these links

https://www.accountingcoach.com/accounting-principles/explanation

https://studymoose.com/foundational-accounting-principles-and-terminology-essay

https://www.edx.org/course/management-accounting-acca-fma-f2-x-8

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Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, a

babunello [35]

The answer to the question above is letter D. If Natasha has a gross income of $66,429. And has an adjustment of $14,490 for her business losses, $3,584 for her business expenses and $4,813 for her retirement contribution plan. The total remaining income is $43,542.

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3 years ago

Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that

Sever21 [200]

Answer:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

Dr Plan assets - pension 411,400

Cr Service cost 245,000

Cr Interest 166,400

Explanation:

Preparation of the journal entries to record annual pension expense for the enterprise fund of Amherst City

Since we are Assuming that the plan investments was $184,300 while the service cost component is the sum of $245,000, and interest on the pension liability is the sum of $166,400 for the year this means the Journal entries to record annual pension expense for the enterprise fund of Amherst City will be:

Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

(245,000+166,400)

Dr Plan assets - pension 411,400

(245,000+166,400)

Cr Service cost 245,000

Cr Interest 166,400

4 0

3 years ago

Which of the following actions helps a company find the game plan for long-run survival and growth that makes the most sense gi

Papessa [141]

Answer: (D) Strategic planning

Explanation:

The strategic planning is one of the business documenting process in which the various types of directions and suggestions are given to the small organization or the business.

The main objective of the strategic planning is that it helps in establishing the the actual direction to the companies for the long term goals and also helps in making various types of decisions.

According to the given question, the strategic planning is one of the type of action which is specifically taken by an organization that helps the growth o the company.

Therefore, Option (D) is correct answer.

4 0

3 years ago

for $32.45 per share, and the firm expects its per-share dividend to be $2.35 in one year. Analysts project the firm’s growth ra

Serggg [28]

Answer:

Cost of equity will be 12.96 %

Explanation:

We have given current price of the stock = $32.45

Expected dividend $D_1=$2.35$ in one year

Growth rate $g=5.72%=0.0572$

We have to find the cost of equity

Cost of equity is given by

Cost of equity $=\frac{expected\ dividend}{current\ price\ of\ the \ stock}+growth\ rate=\frac{2.35}{32.45}+0.0572=0.1296$ = 12.96 %

8 0

2 years ago

What does the sarbanes-oxley act of 2002 "require the ceo and cfo to do"?

Dafna11 [192]

The Sarbanes-Oxley Act of 2002 requires the CEO (Chief Executive Officer) and the CFO (Chief Financial Officer) to personally certify the accuracy of the financial statement that the company has filed with the Securities and Exchange Commission as members of senior management.

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3 years ago