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Zina [86]
3 years ago
14

During weekly conference calls, Zeke, a sales manager for a national chain of clothing stores, and the other managers in his dis

trict explain to their district manager the reasons for different decisions; they also explain why certain costs and sales were higher or lower than they were the previous week
Business
1 answer:
solong [7]3 years ago
6 0

Zeke, a sales manager for a national chain of clothing stores, and the other managers in his district explain to their district manager the reasons for different decisions; they also explain why certain costs and sales were higher or lower than they were the previous week-<u>Here in the statement Zeke is following the principle of accountability</u>

<u />

Explanation:

<u>Accounting is a very  important sales  tool for any Organization . </u>

Through various reports like periodic financial  statement ,financial reporting, it is possible for the organization to have control over its assets, liabilities, expenditures  and revenues, which is an important key factor  to analyze business profitability indices and by using this information, good planning can be done and the decision making can become more efficient and effective

<u>From the question above </u>

Zeke, a sales manager for a national chain of clothing stores, and the other managers in his district explain to their district manager the reasons for different decisions; they also explain why certain costs and sales were higher or lower than they were the previous week-<u>Here in the statement Zeke is following the principle of accountability</u>

<u />

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If you decide to advertise in a newspaper, which tip could be used to help you write an effective and appealing ad?
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3 0
3 years ago
A check payment for $658 was incorrectly entered in the Cash account as $856. Which of the following adjustments needs to be mad
Vilka [71]

Answer:

B) increase the book balance

Explanation:

Provided that total actual payment = $658

Recorded value of this transaction in cash book for payment = $856

Difference of amount that is wrongly recorded = $856 - $658 = $198

That means as per cash book the balance is less by this amount as it relates to payments.

For this the balance in cash book for cash receipts is to be increased.

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Therefore, correct option is

B) increase the book balance

5 0
3 years ago
Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a colle
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8 0
3 years ago
An unlevered firm has a cost of capital of 13.6 percent and earnings before interest and taxes of $138,000. A levered firm with
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Answer:

Value of levered firm is $846,506

Explanation:

The value of levered firm will be the sum of value of the future incomes for the shareholder's at the cost of capital of un-levered firm discounted at cost of equity and the tax advantage of debt.

The value of equity = Profit before tax * (1 - Tax) / Cost of capital

The tax advantage = Value of debt * tax rate

Now putting the values in both above equation:

Value of equity = $138,000 (1 - 34%) / 13% = $6,69,706

The tax advantage of Debt = $520,000 * 34% = $176,800

Value of levered firm = $669,706 + $176,800 = $846,506

7 0
4 years ago
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