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3 years ago

The essential characteristics of accounting____________.

Business

1 answer:

Airida [17]3 years ago

7 0

Answer:

Identification, measurement, and communication of financial information

Explanation:

Accounting refers to the recording, summarizing, identifying, measuring, and communicating of financial information to the users of the accounting. Recording can be done by passing the journal entries, posting can be done through a ledger account and communicating can be done by preparing financial statements.

Therefore the essential characteristics of accounting identifying, measuring and communicating etc.

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Tom quit his $65,000 a year corporate lawyer job to open up his own law practice. In Tom's first year in business his total reve

andreyandreev [35.5K]

Answer:

Given:

Implicit Cost = $65,000

Total revenue = $150,000

Explicit cost = $85,000

Here, we'll compute the economic profit for the first year as :

Economic profit = Total revenue - (Explicit cost + Implicit Cost)

Economic profit = $150,000 - ($85,000 + $65,000)

Economic profit = $0

∴ Tom’s economic profit for his first year in business will be $0

The correct option is (a).

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4 years ago

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3 years ago

Egyptian women could become physicians because?

Y_Kistochka [10]

Correct option is A
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3 years ago

There is a connection between the content of an advertisement and the characteristics of the media used to carry the message. Th

GuDViN [60]

Answer: a. Television

b. Radio

c. Magazine

d. Newspaper

e. Internet/Mobile

f. Outdoor/Billboard

g. Direct marketing

Explanation:

Based on the different types of media available, the answers to the items below will be:

a. High cost: several channel and program options; may increase awareness of competitors' products.

The above description is for Television.

b. Relatively inexpensive; can be selectively targeted; wide reach.

The above description is for Radio.

c. Very targeted; subscribers pass along to others.

The above description is for Magazine

d. Can be expensive some markets; advertisements have short life span.

The above description is for Newspaper.

e. Can be linked to detailed content; highly flexible and interactive; allows for specific targeting.

The above description is for Internet/Mobile

f. Is not easily targeted; has placement problems in some markets; exposure time is very short.

The above description is for Outdoor/Billboards

g. Highly targeted; allows for personalization.

The above description is for direct marketing

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3 years ago

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kumpel [21]

Answer:

Explanation:

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3 years ago