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3 years ago

What do u mean by book keeping why is it important?

Business

2 answers:

olchik [2.2K]3 years ago

8 0

Jawaban

Bookeeping involves the recording, on a regular basis, of a company's financial transactions. ... With proper Bookkeeping, companles are able to track all information on its books to make key operating, investing, and financing decisions. Bookkepers are individuals who manage all financial data for companies.

Genrish500 [490]3 years ago

4 0

Answer:

bookkeeping is keeping of business transactions for a person or a business

Explanation:

bookkeeping is beneficial to business owners .It helps the businesses to effectively manage cash flows,planning for future and being well informed about running a business.

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The Alford Group had 230,000 shares of common stock outstanding on January 1, 2021. The following activities affected common sha

jeka94

Answer:

a. $7 per share

b. $2.29 per share

c. $3.5

Explanation:

a. The computation of 2021 earning per share is given below:-

EPS = Net income ÷ Weighted Average Outstanding shares of common stock

Weighted Average Outstanding shares of common stock for 2021

= (230,000 × 12 ÷ 12) - (27,000 × 10 ÷ 12) + (27,000 × 2 ÷ 12) + (108,000 × 1 ÷ 12)

= 230,000 - 22,500 + 4,500 + 9,000

= 221,000

EPS for 2021 = Net income ÷ Weighted Average Outstanding shares of common stock for 2021

= $1,547,000 ÷ 221,000

= $7 per share

b. The computation of 2022 earning per share is given below:-

Shares of common stock at the beginning of 2022 = 230,000 - 27,000 + 27,000 + 108,000

= 338,000

Weighted average outstanding shares for 2022 = 338,000 × Stock split

= 338,000 × 2

= $676,000

EPS for 2022 = Net income ÷ Weighted Average Outstanding shares of common stock for 2022

= $1,547,000 ÷ $676,000

= $2.29 per share

c. The computation of 2021 EPS be presented in the 2022 comparative financial statements is shown below:-

2021 EPS be presented in the 2022 comparative financial statements = Net income ÷ (Weighted Average Outstanding shares of common stock for 2016 × Stock split)

= $1,547,000 ÷ (221,000 × 2)

= $1,547,000 ÷ 442,000

= $3.5

4 0

3 years ago

When Jasmine interviewed for a position as a computer programmer, she was asked to take a test on a particular programming langu

blagie [28]

Answer:

Performance

Explanation:

She is asked to take a test to analyse here capability and understanding. The test she took is called 'Performance testing' it is a way toward deciding the swiftness, responsiveness and knowledge of a particular set of skill. It helps an organisation or a firm to pick the right candidate for the job. The organisations usually choose a candidate by analysing their performance test.

5 0

3 years ago

Gainsharing plans differ from profit-sharing plans in that:A. gainsharing plans use organization-wide performance parameters.B.

andriy [413]

The correct answer is choice A.

Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.

4 0

2 years ago

An investor pays $900 for a bond with a principal value of $1,000 and a coupon rate of 8%. How much in annual interest will the

solmaris [256]

Answer:

Annual Interest = $80

Interest rate = 8.89%

Explanation:

The investor pays discounted price for this bond.

We know, Annual Interest = Coupon payment/Market value

Given,

Coupon payment = Principal value*Coupon rate

Coupon payment = $1,000*8% = $80

Market value = Price pays for the bond = $900

Therefore, the annual interest rate = $80/$900

Annual Interest rate = 8.89%

Note that, coupon payment is the annual interest rate.

5 0

3 years ago

Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run,

igomit [66]

Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run, we can expect "some firms to exit causing the market price of corn to rise.".

<h3>What is perfectly competitive market?</h3>

According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.

There are five characteristics that have to exist in order for a market to be considered perfectly competitive. The characteristics are -

homogenous items,
no entry or exit obstacles,
price taker sellers,
transparent products, and
no seller has any control over market prices.

The three key components of perfect competition are as follows:

There are a lot of buyers and sellers in the market.
These buyers and sellers are in competition with one another.
The good being offered or purchased is uniform.
Companies are free to enter or leave the market.

To know more about; Why is perfect competition the best form of market structure?, here

brainly.com/question/4190313

#SPJ4

5 0

2 years ago

What do u mean by book keeping why is it important?​

What do u mean by book keeping why is it important?