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Natalija [7]
3 years ago
12

What is accounting ​

Business
1 answer:
andre [41]3 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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Four students are storing this fact: "europeans first settled at st. augustine, florida, in 1565." which student is probably goi
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The student who is probably going to have the most difficult time retrieving the information from long-term memory a few days later would be: “Alexander who repeats the fact to himself 10 times in a row.”  

<span>Aside from Alexander, all other students are using visual representation or other facts to help them remember the original fact.  The method of memorization Alexander doing is very prone to be overlooked since he is storing it word by word rather than trying to associate it with other easier things to remember.</span>

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3 years ago
Question 4 of 20
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The percentage of 250000 to 180000 is 72% or answer D
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2 years ago
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for th
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Answer: $8600

Explanation:

Joint cost allocation:

Product :

Loin chops

Pounds - 3000

Price per pound - $5

ground

Pounds - 10,000

Price per pound - 2.00

ribs

Pounds - 4,000

Price per pound - 4.75

bacon

Pounds - 6,000

Price per pound - 3.50

total joint cost - $43000

Sales cost per product :

Loin chops - 3000 × 5 = $15,000

Ground = 10000 × $2 = $20,000

Ribs - 4000 × $4.75 = $19,000

Bacon - 6000 × $3.50 = $21,000

Loin cost allocation is given by :

Total joint cost × (sales value of Loin chops ÷ Total sales value of all products)

$43,000 × ($15,000 ÷ $(15,000 + 20,000 + 19,000 + 21,000))

$43,000 × ( $15000 ÷ $75000)

$43,000 × 0.2 = $8600

3 0
3 years ago
Exxon's response to the 1989 Valdez tanker oil spill in Alaska is an excellent example of a company using thoughtful crisis mana
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Answer:

Exxon's response worsened its public standing.

Explanation:

Crisis management is the application of game plan to help an organization deal with a sudden and significant negative event.

The Exxon's response is a perfect example of how company should apply thoughtful response in crisis management because Exxon corporation failed to follow several well-established procedures thereby damaged its public standing, failed to seize control of developments after the spill and sending lower-ranking executive to address the situation instead of the chairman going there himself to take control of  the situation in a possible way.

The action taken by Exxon led to the impression that the company disregard pollution problem by not involving top management.

6 0
3 years ago
Assume that an industry that began as a perfectly competitive industry becomes a monopoly. Compared to when the industry was per
Wittaler [7]

Answer:

Charge a higher price and produce less output

Explanation:

A monopolistic markets imeans that there is the absence of other suppliers of the same product or service, making them the sole market of the product or service. This can make them charge a premium to their customers. Consumers have no alternatives of options  and are forced to pay the price for the goods dictated by the monopolist. ITherd is a tendency for the monopolist to make prices high high prices, it may not necessarily be a monopolistic behavior.

A monopolistic market can restricts output to raise the price leading to less production, which reduces total real social income.

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3 years ago
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