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3 years ago

which of the following statements best describes why a client record system is called a "living" record

1 answer:

4 0

A living record is one that changes and grows over time, so because you will be constantly updated your system with new client info it is a "living" record of your client.

Examples of changes in a living record system are phone numbers, addresses, emails, etc.

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What is the difference between financial and managerial accounting ?

horrorfan [7]

Answer:

Financial accounting refer to the financial statement while, managerial is more focus into internal reports

In details, the most difference are as follows:

Aggregation.

Financing reports on the complete firm. While Managerial; at product, division or customer level.

Proven information.

Financing require certain criteria to ensure precision. It need to prove correct to third parties. While Managerial uses budget, forecast and estimated values.

Reporting focus.

Financial accounting is oriented toward outside

Managerial accounting analysis stays within a company.

Legislation:

Financial accounting faces the GAAP, IFRS and heavy legislation.

Managerial accounting doesn't

Time period.

Financial accounting has a historical orientation their reports are resumes of past transactions and operations.

Managerial accounting has a future orientation.

Timing.

Financial Statement are done at end of an accounting period.

Managerial accounting issues on demand of the board or supervisor.

8 0

4 years ago

Write a ratio for the situation in three ways, comparing the first quantity to the second quantity. a zoo has 14 monkeys and 18

elixir [45]

Answer:

1)14 to 28

14:28

14/28

2) 1 to 9

1:9

1/9

3) 3 equivalent ratios are : 2/18,1/9, 3/27

4) On this case would be 12/36 and if we divide numerator and denominator by 6 we got 2/6, and if we divide by 2 we got 1/3 simplified

Explanation:

Previous concepts

A ratio represent "the relative sizes of two or more values."

"Ratios can be shown in different ways:

• using the ":" to separate example values

• using the "/" to separate one value from the total

• as a decimal, after dividing one value by the total

• as a percentage, after dividing one value by the total"

Part 1

14 monkeys and 18 chimpanzees.

And we need to write the situation in 3 ways comapring the first quantity to the second quantity, and the correct way to do this is:

14 to 28

14:28

14/28

Part 2

In largo city, about one in every nine homes contains four televisions

And we need to write the situation in 3 ways comapring the first quantity to the second quantity, and the correct way to do this is:

1 to 9

1:9

1/9

Part 3

Write three ratios equal to 4/36

On this case is we divide numerator and denominator by 2 we got 2/18

And if we divide the numerator and denominator by 4 we got 1/9

and if we divide the numerator and denominator by 4 and then we multiply by 3 we got 3/27

So then 3 equivalent ratios are : 2/18,1/9, 3/27

Part 4

Jake sold 36 tickets to the school fair Jeanne sold 12 tickets. What is the ratio, in simplest form, of the number of tickets Jeanne sold to the number of tickets Jake sold?

On this case would be 12/36 and if we divide numerator and denominator by 6 we got 2/6, and if we divide by 2 we got 1/3 simplified

8 0

4 years ago

g In the discussion case, Ikea's Sustainable Cotton Supply Chain, which statement accurately describes IKEA's supply chain? a. T

Ber [7]

Answer:

The long and complex chain involved farming, ginning, spinning, weaving, and stitching.

Explanation:

Base on the scenario been described in the question, the statement that best or accurately describes IKEA's supply chain is the long and complex chain involved farming, ginning, spinning, weaving, and stitching.

7 0

4 years ago

A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 milli

Levart [38]

It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.

<h3>How to illustrate the information?</h3>

In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.

Opportunity cost producing a robot = Total bananas possible / Total robots possible

Opportunity cost producing a robot =60/20

Opportunity cost producing a robot = 3 bananas

The area outside PPC represents the unattainable combinations of two goods.

During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates

Marginal opportunity cost of a robot = 80 million bananas / 10 million robots

The marginal opportunity cost of a robot = 8 bananas

Opportunity cost of 2 million robots = 8 bananas × 2 million

The opportunity cost of 2 million robots will be 16 million bananas.

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8 0

2 years ago

If you sell this bond in exactly one year, having paid $800, and received exactly one coupon payment, what is your total ret

sukhopar [10]

The total return if competing yields are 8% is 35.00%

What is perpetual bond?

A perpetual bond is the one without a maturity date, hence, it would pay coupons annually forever, with $80 paid annually, the price of the bond in a year's time is annual coupon of $80 divided by the competing yield of 8%

price in one year=$80/8%

price in one year=$1,000

The total return in a year considers the initial purchase price of $800, the selling price as well as the coupon received over one year

total return=(selling price-purchase price+coupon)/purchase price

total return=($1000-$800+$80)/$800

total return=35.00%

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Prior questions:

How much would you pay for a perpetual bond that pays an annual coupon of $80 per year and yields on competing instruments are 10%?

You would pay $_____(Round your response to the nearest penny.)

If competing yields are expected to change to 8%, what is the current yield on this same bond assuming that you paid

$800?

The current yield is ____% (Round your response to the nearest integer.)

If you sell this bond in exactly one year, having paid $800, and received exactly one coupon payment, what is your total return if competing yields are 8%?

Your total return is _____%.

4 0

2 years ago