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Softa [21]
3 years ago
15

What do you mean by final account? Mention its objectives​

Business
2 answers:
Aleksandr-060686 [28]3 years ago
6 0

Answer:

What are Final Accounts?

Final Accounts is the ultimate stage of accounting process where the different ledgers maintained in the Trial Balance (Books of Accounts) of the business organization are presented in the specified way to provide the profitability and financial position of the entity for a specified period to the stakeholders and other interested parties i.e., Trading Account, Statement of Profit & Loss, Balance Shee

Explanation:

Objectives of Final Accounts

They are prepared for the calculation of Gross profit & net profit earned by the organization for the relevant period by presenting the Statement of Profit & Loss.

The Balance sheet is prepared for providing the correct financial position of the company as on the date.

These accounts use the bifurcation of direct expenses to obtain the gross profit & loss and bifurcation in indirect expenses to ascertain the Net profit & loss for the organization.

These accounts through the Balance sheet bifurcate the assets & liabilities as per the holding & usage periods of the same

Alinara [238K]3 years ago
5 0

Answer:

<h2>what is financial account</h2>

Final Accounts is the ultimate stage of accounting process where the different ledgers maintained in the Trial Balance (Books of Accounts) of the business organization are presented in the specified way to provide the profitability and financial position of the entity for a specified period to the stakeholders and other interested parties i.e., Trading Account, Statement of Profit & Loss, Balance Sheet.

<h2>objects of financial account</h2>

To determine gross profit and net profit of the business during the year. To present the true financial position of the business on a given date. ... To make a summary presentation of all the financial transactions. To communicate the operating results and financial position of the users.

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Mark is facing a crucial deadline. The work is more than he can handle in the amount of time, but he has not told his manager. H
murzikaleks [220]

When Mark does not think his manager will assign any more resources to the project, he's exhibiting the barrier of reluctance.

<h3>Who is a manager?</h3>

A manager simply means an individual who controls the team and ensures that the goals of the organization are achieved.

In this case, Mark does not think his manager will assign any more resources to the project, he's exhibiting the barrier of reluctance. This is a communication barrier.

Learn more about managers on:

brainly.com/question/24553900

6 0
2 years ago
If an investor is willing to bear market risk, what is the best investment strategy to exploit their acceptance of market risk?[
kodGreya [7K]

Answer:

Option A is the correct answer to this question

Explanation:

In a case where an investor accepts to bear some amount of risk in their portfolio, the best strategy for investment will be those that take advantage of that acceptance of risk, while still ensuring that other manageable risks are minimized. As long as an individual was not opposed to accepting market and systematic risk, it is normal to want to exploit that, but also eliminate much unsystematic risk as can be eliminated.

8 0
4 years ago
Assume that each unit demanded generates $70 in revenue and that each unit ordered costs $50. How much will the company gain or
Vanyuwa [196]

Answer:

Note: The full question is attached as picture below

a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.

The expected value is obtained below:

E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)

E(X) = 60+120+175+90

E(X) = 445

b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.

The gain/loss of the company = (300*(70−50)) - (145*50)

The gain/loss of the company = (300*20) - (145*50)

The gain/loss of the company = 6,000 - 7,250

The gain/loss of the company =−$1,250(Loss)

4 0
3 years ago
Which of the following is an example of the law of diminishing marginal​ returns? A. Holding capital​ constant, when the amount
Irina-Kira [14]

Answer:

The correct answer is option A.

Explanation:

The law of diminishing returns states that as we go on employing more and more unit of input while keeping other inputs constant, the return from each additional unit of input will go on declining.  

This means that the output produced from each additional unit of input will go on declining.

Here, as capital is kept constant and labor is increased by a unit, the output at first increases by 5 units from 20 to 25. But later when input is again increased by a unit, the output increase by only 3 units from 25 to 28.

This shows the law of diminishing marginal returns where the marginal returns from a unit of labor is declining.

3 0
3 years ago
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