Answer:
That statement is true.
Explanation:
In business , demands represent's the customers' need and desire to purchase a certain product at a certain price level.
In the free market economy, Customers' demand will determine the actions that will be taken by the producer. If the producer able to provide that product at an acceptable price level, the customers will buy it. If not, than the customers will find an alternative for that product.
Based on financial information, managerial accountants assist businesses in determining when, where, and how much money to spend. Decision-makers can use common capital budgeting indicators, such as net present value and internal rate of return, to determine whether to start expensive projects or acquisitions.
Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting.
The term "managerial accounting" refers to a system of accounting that produces documentation, reports, and statements that aid management in making better judgments about the operation of their company. Internal uses make up the majority of managerial accounting.
Learn more about managerial accounting here
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Answer:
Cash account reconciliation:
Cash account balance $27,700
subtract bank fees ($110)
subtract NSF check <u> ($580)</u>
Reconciled balance $27,010
Bank account reconciliation:
Bank account balance $26,000
subtract outstanding checks ($5,700)
add deposits in transit $6,300
add error with Smith Company check <u> $410</u>
Reconciled balance $27,010
Answer:
ASSETS = LIABILITIES + EQUITY
<u>cash</u> <u>supplies</u> <u>equip.</u> <u>land</u> = <u>acc. payable common stock</u>
19,000 19,000
-1,500 1,500
12,000 12,000
400 400
<u>-11,000 11,000 </u>
6,500 1,900 12,000 11,000 = 400 31,000
Explanation:
Dr cash 19,000
Cr common stock 19,000
Dr supplies 1,500
Cr cash 1,500
Dr equipment 12,000
Cr common stock 12,000
Dr supplies 400
Cr accounts payable 400
Dr land 11,000
Cr cash 11,000
Answer: Code of ethics
Explanation:
The code of ethics is one of the principle in an organization that helps in guiding the various types of core values and the standards of the firm for making the various types of decisions.
The main purpose of the code of ethics is that it helps in providing the various types of ethical guideline to the members of a organization for providing the various types of core values. It is one of the type of document that helps in outline the main mission and also the core values of an organization.
According to the given question, the code of ethics is typically addressing the contribution to the various types of government officials, record the customers and the supplier relations accurately.
Therefore, Code of ethics is the correct answer.
