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Natalija [7]
4 years ago
12

What is accounting ​

Business
1 answer:
andre [41]4 years ago
4 0

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.

Explanation:

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You want to invest an amount of money today and receive back twice that amount in the future. You expect to earn 9 percent inter
Virty [35]

Answer:

The answer is 8 years

Explanation:

FV= PV(1+r)^n

Where

PV= let's assume PV is $100

FV = Since FV will be doubled, the we have $200($100 x 2)

n= ?

r= 9percent

Let us use the rule of 72 which states that an investment will double when:

Annual Investment Rate x Number of Years = 72.

Number of years = 72/9

= 8 years

The investment is doubled in 8 years at the rate of 9percent

5 0
4 years ago
What is a household inventory?
Romashka-Z-Leto [24]
B. documentation of personal belongings
6 0
3 years ago
One argument for the idea that customer demands for local customization are on the decline worldwide is that
PolarNik [594]

Answer: customer tastes have converged worldwide.

Explanation:

The options to the question are:

A. governments across the world are standardizing their legal procedures.

B. customer tastes have converged worldwide.

C. high costs of local customization are deterring companies from doing so.

D. managers worldwide ignore the differences in consumer tastes and preferences.

E. local and indigenous industries are increasingly filling up available demand

Local customisation is simply the implementation of creative ideas with a particular brand. argument for the idea that customer demands for local customization are on the decline worldwide is that customer tastes have converged worldwide.

8 0
3 years ago
Sale of short-term stock investments $ 3,000
Igoryamba

Answer: $400

Explanation:

Cashflows from Investing Activities refer to those that have to do with the purchase or sale of fixed assets as well as other company securities.

Cashflows from investing activities here are:

= Sale of short term stock investments - Purchase of used equipment

= 3,000 - 2,600

= $400

4 0
3 years ago
Match the elements of the buying equation theory with their definitions.
frozen [14]

Answer:

external stimulus : Cue

restoration of buying impulse: Reinforcement

strong internal stimulus: Drive

action taken by prospect: Response

Explanation:

5 0
3 years ago
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