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7nadin3 [17]
4 years ago
5

The primary focus for financial accounting information is to provide information useful for: Investing decisions Credit decision

s a. Yes Yes b. Yes No c. No Yes d. No No Multiple Choice Option a. Option b.
Business
1 answer:
matrenka [14]4 years ago
6 0

Answer:

The correct answer is letter "A": Investing decisions (Yes); Credit decisions (Yes).

Explanation:

Financial Accounting refers to gathering, recording, summarizing and reporting financial data related to a company. The ultimate objective is to accurately report the financial picture and results of a company at a certain point in time and over a certain point in time.

<em>The information gathered is helpful for investors so they can make decisions over what course the firm should follow moreover when a company might need credit to finance its operations.</em>

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From net earnings of $740 per month, Lisa Jones must spend $200 for her portion of the rent on an apartment she shares with two
vagabundo [1.1K]

Answer:

C. 27%

Explanation:

Percentage calculation will be as follows

Percentage of expense = \frac{Expense\: of \: rent}{Net \: Earnings} \times 100

Here, provided

Net Earnings = $740 per month

Rent paid by Lisa Jones = $200 per month

Therefore, percentage of rent over net income = \frac{200}{740} \times 100 = 27

Therefore correct option is

C. 27%

4 0
3 years ago
1. Choose a real or made up example of a company, and describe at least three variable costs the
Softa [21]

Answer:

Let Sanguine Wines Ltd. refer to a hypothetical company for the purpose. Following would constitute Sanguine Wines Ltd's variable costs:

  1. Raw Material or input prices: The raw material or inputs of sanguine wines limited purchases from suppliers such as dried grapes, sugar and the likes. The price of such inputs is prone to seasonal fluctuation and thus variable
  2. The performance related incentive for employees for number of bottles of wine created, would be variable cost as it would vary with the no of bottles produced.
  3. Discount allowed to distributors which varies based upon the number of bottles purchased by them.
  4. Commission paid to wine salesperson which varies with respect to bottles sold.
4 0
4 years ago
If the supply curve is perfectly inelastic, the burden of a tax on suppliers is borne: a. entirely by the suppliers. b. entirely
Snezhnost [94]

Answer:

Option (a) is correct.

Explanation:

The burden of a tax is entirely borne by the suppliers if the supply curve is perfectly inelastic. The burden of a tax falls more on a person which is having relatively inelastic curve.

For example: A government imposes a tax in a market of beachfront hotels with an inelastic supply curve. There is no other option available for the sellers than to accept the lower price for the hotels, here the taxes are not affecting the equilibrium quantity. Therefore, the entire burden of tax falls on the suppliers.

Suppose that if the demand curve is more inelastic than the supply curve then  most of the tax burden falls on the consumers and if the supply curve is more inelastic than the demand curve then most of tax burden falls on the sellers.

5 0
3 years ago
1.different types of socialization?​
patriot [66]

Answer:

Primary and secondary

Explanation:

Generally there are 5 types of socialisation.

1. Primary

2. Secondary

3.Anticipatory

4. Development

5. Resocialisation.

But the common are primary and secondary

6 0
4 years ago
Read 2 more answers
What is John’s Gross Pay per week if he makes $10 per hour and works 38 hours per week??
RideAnS [48]
10*38=380
His weekly gross pay is 380$
3 0
4 years ago
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