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yawa3891 [41]
3 years ago
7

What is the Accounting cycle?

Business
2 answers:
IceJOKER [234]3 years ago
6 0

Answer:

Accounting cycle is a collective process of identifying, analyzing and recording the accountant of the company.

Arte-miy333 [17]3 years ago
3 0

Answer:

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

Explanation:

You might be interested in
A logistics synchronization matrix allows joint logistician to monitor progress by which two of the following?
Anna [14]

Answer:

b. displaying the logistician's responsibilities for integration

d. displaying the logistician's critical tasks

Explanation:

Logistics synchronization matrix is a term that is used to describes an efficiency and decisionmaking mechanism, that enhances contemporary strategic planning and coordinates the subsequent operations or scheduled actions.

Hence, in this case, logistics synchronization matrix allows joint logistician to monitor progress by two of the following:

1. displaying the logistician's responsibilities for integration

2. displaying the logistician's critical tasks

6 0
3 years ago
The Code of Professional Conduct is structured in two major sections called Principles and Rules. Principles outline the profess
Sati [7]

Answer:

The Code of Professional Conduct is structured in two major sections called Principles and Rules. Principles outline the profession's responsibilities to the public, clients, and fellow practitioners. Rules are enforceable applications of the Principles. Additional guidance that further explains the scope and application of the Rules is included in Interpretations and Ethics Rulings.

Explanation:

5 0
3 years ago
For which of the following reasons would David​ Laugherty, owner of the Laugherty Associates law​ firm, want to know the total c
zzz [600]

Answer:

I don't know about the complete options available, but I know the purpose of finding the total cost of the job, which is to charge the clients the right fee depending upon their time taken and cost of each job. That's the purpose

of knowing the cost of the assignments. Another purpose includes to maximise the profits by opting to jobs which has higher contribution per unit. By meeting the demands of jobs which has higher number of contribution per unit, first,  makes the firm more profitable.

8 0
3 years ago
On November 2, 2020, Ellie purchased and placed in service a building that cost $5,600,000. An appraisal determined that 15% of
tia_tia [17]

Answer:

Ellie

A. The property is classified for 27.5-year MACRS since more than 80% of the gross rental income emanates from residential dwellings.

B. The life of the asset for this type of MACRS is 27.5 years.

C. Ellie's cost recovery for 2020/2018 is $28,848.

Explanation:

a) Data and Calculations:

Cost of building and land = $5,600,000

Appraised cost of land = $840,000 ($5,600,000 * 15%)

Appraised cost of building = $4,760,000 ( ($5,600,000 * 85%)

Rent from the bottom floor leased to a retail business = $80,000

Rent from the other floors as rental apartments = $350,000

Total value of rental income = $430,000

Retail business % of rental income = 19%

Residential apartments % of rental income = 81%

Cost recovery = $173,091 ($4,760,000/27.5) per annum

For 2 months, the cost recovery = $28,848 ($173,091 * 2/12)

8 0
3 years ago
1. Which term represents interest and all
Elanso [62]
Annual percentage rate
7 0
3 years ago
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