which of the following terms refers to the comprehensive system for collecting analyzing and communication financial information

Business

1 answer:

givi [52]3 years ago

6 0

Answer:

Accounting

Explanation:

Accounting is a vital part of every business, and it is related to proper collecting, analyzing, managing and communicating financial information. Being such an essential part of businesses, it is always defined and regulated by appropriate entities (state agencies and other regulators).

Accounting is done by an accountant or a bookkeeper, who is the person in charge of generating the needed reports and summarizing the financial data in the proposed manner.

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katen-ka-za [31]

Answer:

Experience an inward shift of its production possiblity curve.

Explanation:

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3 years ago

Financial Statement Analysis, specifically Ratio Analysis is often performed by managers, investors, and creditors. What is the

IceJOKER [234]

Answer:

The primary goals of managers, investors, and creditors when evaluating ratios are:

1. Managers use ratio analysis to evaluate their performance, understand financial results and trends, and determine the strengths and weaknesses of different strategies and initiatives.

2. Investors perform ratio analysis of the financial statements of companies in order to evaluate the financial health of the companies and estimate likely future performances. By performing ratio analysis, investors can determine how a company receives financing, uses resources, settles maturing debt obligations, and generate profits.

3. On the part of creditors, they are always interested in knowing if a company is overtrading, uses debt resources efficiently, is credit-worthy, and has the ability to repay.

Explanation:

Ratio analysis reveals important insights about a company's profitability, liquidity, operational efficiency, and overall solvency. Ratio analysis shows a company's performance in important indices over time. It can also be used as a tool to compare one company with another, especially if they are in the same industry or economic sector. Various stakeholders, including managers, creditors, investors, and employees, use ratio analysis to understand the company's value creation ability.

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2 years ago

Which of the following statements reflects the nature of the global economy of the twenty-first century? question 6 options: a n

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3 years ago

The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and

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Answer:

Option D. Shut down because staying open would be more expensive.

Explanation:

The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.

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3 years ago