A system used to record, classify, summarize and report the financial position of a business is known as accounting.
In Business management, there are primarily three (3) types of accounting and these are;
1. Cost accounting.
2. Managerial accounting.
3. Financial accounting.
The importance of accounting is to help individuals or businesses to keep track of their income, revenues and expenses and to provide financial information for investors and governmental agencies, as well as to help in decision making.
An individual who is saddled with the responsibility of performing these accounting processes, procedures or tasks is known as an accountant or bookkeeper.
C) Doug tells his employees that he needs to know everything that is going on in the department, especially if someone is NOT buying into the project goals.
Explanation:
A servant leader is a leader that believes his/her main goal is to serve the organization. Servant leaders usually value employees' contributions and generally looks for them.
If Doug wants to know who is not buying into the project goals, he is not valuing employees' contributions, he is trying to impose his own views and ideas.
Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.
Year Cash Flow Cumulative Cash flow Discounted Cash Flow(8.9%) 0 $5,095,000 $5,095,000 $453,455 1 $1,500,000 $3,595.000 $3,141,5452 $3,000,000 $ 595,000 $141,5453 $4,500,000 ($3,905,000) $3,4515454 $6,500,000ABC Hospital will get ROI in 3 years, this option I would recommend to the CEO.
