1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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:

You might be interested in
Why does a bank sometimes hold excess reserves?
svetoff [14.1K]
The answer is d: to protect against high prices
6 0
3 years ago
Read 2 more answers
Two months ago, Air-tite Corporation purchased 4,500 pounds of Hydrol, paying $15,300. The demand for this product has been very
Anna007 [38]

Answer: The $4.05 market price

Explanation: Air-tite can buy or sell Hydrol at $4.05. If they decide to accept the order, there has to be a higher return on the use of Hydrol in the return than they would get from selling Hydrol as is.

There may also be an opportunity cost to using the product for this special order if there is an order that would yield higher returns for the use of Hydrol.

The quantity that would remain after making the special order does not have any impact on the decision making process, as they are considering just one order that requires Hydrol.

The purchase price is not relevant as they cannot purchase Hydrol at that price in the present. The total quantity is not relevant either as they have enough for the order.

3 0
3 years ago
George, a chef and owner of a popular restaurant, is always visiting his competition to observe how they are doing things in the
Vedmedyk [2.9K]

George is utilizing competitive intelligence. This is a strategy in which the individual made use of gathering, defining and as well as analyzing their customers, competitors or products by means of helping improve his or her own business and to make strategic decisions that would be best for one’s business or company.

7 0
3 years ago
Antoine recently received an email from a fraudulent organization that sought his personal financial account information. Recogn
Airida [17]

Answer:

The answer is: Phishing

Explanation:

Phishing is carried out by individuals who are trying to scan users. This is done by sending emails to try to collect someone else's credit card information, online banking accounts, or other type of login information. Phishing can also be done through web pages that are designed to illegally collect their users' information.

3 0
3 years ago
Regina pays her credit card balance in full each month. Last month her average daily balance was $345 and the APR is 11.2%. The
blondinia [14]

Answer: The correct answer is False.

Explanation: When a customer pays off their credit card balance in full each month there is not a finance charge, which makes this answer false. Interest in not charged to a credit card account until the prior month’s balance is not paid in full.

6 0
3 years ago
Other questions:
  • ​sam walton's strong emphasis on customer service at walmart demonstrates the importance of ____ in being a great leader.
    6·1 answer
  • Scientist estimate that sea level has risen about what over the past 100 years
    13·1 answer
  • Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 9 percent. Accor
    14·1 answer
  • On December 31, 2018, Ava Company had an ending balance of $8,063 in its accounts receivable account and an unadjusted (current)
    10·2 answers
  • Maria Queen was reviewing her business activities at the end of the year (2022) and decided to prepare a Retained Earnings State
    7·1 answer
  • Why are companies required to perform payroll withholding?
    12·2 answers
  • Why do you think special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers?
    11·1 answer
  • Which of the following phrases best describes O*NET?
    5·1 answer
  • Metro Corporation will spend $1 million for special manufacturing equipment. Shipping and installation charges will amount to $1
    11·1 answer
  • What are new guidelines issued by GAAP for consolidating entities
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!