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Semenov [28]
3 years ago
12

In your own words define the term accounting and its usage.

Business
1 answer:
Drupady [299]3 years ago
3 0

Answer:

<h3>Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows. </h3><h3 />
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Suppose that fertilizerfertilizer is necessary to produce wheatwheat. if the price of fertilizerfertilizer fallsfalls​, the supp
asambeis [7]

Answer: Shift to the right

Explanation:

Fertilizers are an important input in wheat production. When the price of fertilizers fall, it leads to a decrease in cost of producing wheat. Thus, producers will supply more wheat in the market. As a result the supply curve for wheat will shift to the right leading to a fall in the price of wheat and an increase in the quantity of wheat sold in the market.

4 0
3 years ago
A service contract for a video projection system costs $90 a year. You expect to use the system for three years. Instead of buyi
xenn [34]

Answer:

$245.09

Explanation:

A service contract for a video projection system costs $90 a year. You expect to use the system for three years.

Instead of buying the service contract, the future value of these annual amounts after three years if you earn 5 percent on your savings will be:

PV  

Ordinary Annuity

​  =C×[  ((1−(1+i)  ^−n ) / i ]

where

n = number of years = 3

i = interest rate = 5%

Present Value of the annuity = 90 x [ ((1 - (1+0.05)^-3) / 0.05] = $245.09

3 0
3 years ago
Consider the following​ statement: ​"An increase in supply decreases the equilibrium price. The decrease in price increases​ dem
pochemuha

Answer:

The correct answer is option A.

Explanation:

An increase in supply decreases the equilibrium price as the supply curve shifts rightward and intersects the demand curve at a lower point. This decline in the equilibrium price causes the quantity demanded to increase. The demand for the product remains the same.

The statement given in the question is false. A change in demand is caused by a change in other factors while the price of the product remains the same. The change in price affects the quantity demanded.

5 0
3 years ago
If total liabilities decreased by $30,000 and stockholders' equity decreased by $10,000 during a period of time, then total asse
boyakko [2]

Answer:

C) $40.000 Decrease

Explanation:

The accounting equation states that: Assets = Liabilities + Equity, so in this case the Assets must decrease in the same amount that change the other side of the equation, $40.000.

4 0
3 years ago
your boss did not respond to an email you sent and then resent. when you see her in the hallway, you mention the email, and say,
Dmitrij [34]

This is an example of passive communication. You are not directly confronting your boss about the email, but you are indirectly bringing it up. This could be seen as a way to avoid conflict, or it could be seen as a way to gauge your boss's reaction to the email.

Assuming that your boss saw your email and chose not to respond is an example of an assumption. This could be due to a variety of reasons, such as your boss being busy or not wanting to discuss the matter over email. If you see your boss in the hallway, you can mention the email and ask if she would like to discuss it in person. This will give you a better idea of why she chose not to respond and whether or not she is open to talking about the matter.

Learn more about Communication at : brainly.com/question/22558440

#SPJ4

8 0
1 year ago
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