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bixtya [17]
2 years ago
5

Identify which of the following statements is correct as to why accounting is important. Multiple choice question. We live in an

information age whereby accounting information impacts everyone. Accounting information identifies, records and communicates information about a business. Accounting information is based on stock market valuations which are current and reliable. Accounting information summarizes or conveys information about an organization's business activities.
Business
1 answer:
ziro4ka [17]2 years ago
3 0

Answer:

Accounting information identifies, records and communicates information about a business.

Explanation:

The accounting information identified the business records and communicate the business information to the insiders and outsiders also it does not have any effect on everyone except the stakeholders. In addition to this, it is not depend upon the valuation made for the stock market

So as per the given situation, the above statement should be correct

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Answer: $3,564.50

Explanation:

The total amount that the company will pay for the merchandise is the net cost of the merchandise, less a 3% cash discount, plus the transportation costs. The cash discount normally only applies to the merchandise and not the transportation costs.

The cost of the merchandise is $3,600 less the $250 refund, which equals $3,350. With a 3% cash discount they will pay 97% of this amount, which is $3,249.50. After adding the additional transportation charge of $315, the total amount to be paid is $3,564.50.

6 0
3 years ago
Davidson international has 13,700 shares of stock outstanding at a price per share of $28. the firm has decided to repurchase 50
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The shareholder equity is equal to:

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$383 600 / 14 200 shares = $27/share

6 0
3 years ago
The law of increasing opportunity costs is reflected in a production possibilities curve that is: A. an upsloping straight line.
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The law of increasing opportunity costs is reflected in a production possibilities curve that is concave to the origin.

4 0
3 years ago
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Six is your answer because if it cost $2.00 and you have 4 it makes sense
8 0
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Suppose that the full employment level of nominal GDP rises in one year from ​$13.8 to ​$14.2 trillion. The​ long-run equilibriu
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