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3 years ago

Which three activities are part of the function of accounting?

Business

1 answer:

IgorC [24]3 years ago

4 0

The 3 activities which are part of the function of accounting includes:

Classifying financial transactions
interpreting financial transactions
Recording financial transactions

Accounting (including bookkeeping) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

Classifying financial transactions
interpreting financial transactions
Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"

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OlgaM077 [116]

Answer:

Care and concerned use A) Unnderstanding
open to bad news C) When it may benefit them or somebody else
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Explanation:

To make somebody feel cared you must show understanding of his/her problems.
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Reject a candidat with good wishes and providing feedback on his/her application.
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The letter doesn't mention any reason for not being able to make exceptions. A promise is made that might be difficult to keep as different people may have different expectations for "bigger bonus checks"

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4 years ago

Farmer's Supply, Inc. is considering opening a clothing store, which would be a new line of business for the firm. Management ha

timurjin [86]

Answer:

E)Pure play approach

Explanation:

From the question we are informed about, Farmer's Supply, Inc. who is considering opening a clothing store, which would be a new line of business for the firm. Management has decided to use the cost of capital of a similar clothing store as the discount rate that should be used to evaluate this proposed expansion. In this case, the terms used to describe the approach Farmer's Supply is taking to establish an appropriate discount rate for the project is Pure play approach.

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company set it's focuses on a particular single type product.

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3 years ago

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared mo

Usimov [2.4K]

Answer:

1) Planning Budget

Packaging Solutions Corporation

Production Department Planning Budget

For the Month Ended March 31

Direct labor 66010

Indirect labor 10240

Utilities 8270

Supplies 2520

Equipment depreciation 29890

Factory rent 8400

Property taxes 2600

Factory administration 16380

Total expense 144310

2) Flexible budget :

Packaging Solutions Corporation

Production Department Flexible Budget

For the Month Ended March 31

Direct labor 62790

Indirect labor 9960

Utilities 8130

Supplies 2480

Equipment depreciation 29310

Factory rent 8400

Property taxes 2600

Factory administration 16220

Total expense 139890

3.Packaging Solutions Corporation

Production Department Flexible Budget Performance Report

For the Month Ended March 31

Spending Variances

Direct labor 1540 U

Indirect labor 540 F

Utilities 530 U

Supplies 250 U

Equipment depreciation None

Factory rent 400 U

Property taxes None

Factory administration 610 F

Total expense 1570 U

Explanation:

Based on the information given from the question, the planning budget will look like the following

1) Planning Budget

Packaging Solutions Corporation

Production Department Planning Budget

For the Month Ended March 31

Direct labor 66010

Indirect labor 10240

Utilities 8270

Supplies 2520

Equipment depreciation 29890

Factory rent 8400

Property taxes 2600

Factory administration 16380

Total expense 144310

2) Flexible budget :

Packaging Solutions Corporation

Production Department Flexible Budget

For the Month Ended March 31

Direct labor 62790

Indirect labor 9960

Utilities 8130

Supplies 2480

Equipment depreciation 29310

Factory rent 8400

Property taxes 2600

Factory administration 16220

Total expense 139890

3.Packaging Solutions Corporation

Production Department Flexible Budget Performance Report

For the Month Ended March 31

Spending Variances

Direct labor 1540 U

Indirect labor 540 F

Utilities 530 U

Supplies 250 U

Equipment depreciation None

Factory rent 400 U

Property taxes None

Factory administration 610 F

Total expense 1570 U

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3 years ago

A Person who works and provides services for a fee, but not a full time employee. . A. Vendor . . B. Broker . . C. Contractor .

Sveta_85 [38]

The answer: C. Contractor

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3 years ago

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The Ring Division of A1d-Y6z Company reported the following information for May: selling price per unit .................... $35

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Answer:

52,000 units

Explanation:

Selling price = $35*40,000 = $1,400,000

Variable cost = $12 * 40,000 = $480,000

Contribution margin = $1,400,000 - $480,000 = $920,000

Fixed cost = Residual income + Contribution

Fixed cost = $920,000 - $229,600

Fixed cost = $690,400

Sales to earn residual income = [Fixed cost + Desired profit] / Contribution per unit

Sales to earn residual income = [$690,400 + $505,600] / $35 - $12

Sales to earn residual income = $1,196,000 / $23

Sales to earn residual income = 52,000 units

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3 years ago