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ivanzaharov [21]
3 years ago
12

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 (<em>including bookkeeping</em>) 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 <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

<em />

Read more about this here

<em>brainly.com/question/15393400</em>

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Which of the following represents frictional unemployment? i) The demand for refrigerators falls when the economy enters a reces
lyudmila [28]

Answer: Option (iv) is correct.

Explanation:

Frictional unemployment is always present in an economy. Frictional unemployment occur because of the transitions in the employment of the individuals. It is included in the natural unemployment, because it shows the minimum level of unemployment in the economy.

When a person quit his first job and looking for a new job, this is known as frictional unemployment.

So, option(iv) is correct.

5 0
3 years ago
You have been hired by bizcom, a business communications consultancy that services many clients in different industries througho
Zigmanuir [339]

I recommend Bizcom to install <u>an extranet, to enable quick collaboration over the Internet, minimize the time spent communicating with the client, and minimize the amount of paperwork needed</u>.

<u>Explanation</u>:

Extranet is a kind of private network that helps organizations to exchange the information securely over Internet. The extranet can be used by vendors, suppliers and authorized set of customers to enable communication.

Internet helps in enabling quick collaboration and also reduces the paperwork. As all the information can be confidentially shared and stored using the Internet, the use of paper can be reduced. The time spent for communicating with the client can also be reduced.

In the above scenario, Bizcom has its consultants from various places. It is difficult to travel to every place and organize meeting. So installing an extranet can help them in keeping connected.

7 0
3 years ago
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $14,000 Current assets $3
Sav [38]

Answer:

The sustainable growth rate is 16.52%

Explanation:

To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:

= 1 – payout ratio

= 1 – 0.16

=0.84 or 84%

Now, we use the formula of substantial growth rate which is shown below:

= (Return on equity × retention ratio) ÷ { 1 -  (Return on equity × retention ratio)}

where,

Return on equity = (Net income ÷ total equity) × 100

                            = ($3,640 ÷ $21,560) × 100

                            = 16.88%

= (16.88% × 84%) ÷ ( 1 -  16.88% × 84%)

= 0.141792 ÷ (1 -  0.141792 )

= 0.141792  ÷ 0.858208

= 0.1652 or 16.52%

8 0
3 years ago
On a Saturday night in mid-October, Dmitry and his friend Misha met up to experience The Haunted Witch Trials, a Halloween attra
Tasya [4]

Answer:

It is vital that every fun related environment like the one discussed in the text have an emergency team that handles such cases.

Below are a few steps that I would take to ensure the safety of my guests:

  • <em>Diligently Mark out Restricted Areas:</em><em> This is the first step towards establishing a safe environment for guests.</em>
  • <em>Ensure the availability of enough Key Staff Members.</em>
  • Designate a staff to properly manage ticketing so as to curtail financial losses
  • <em>A Lightning Alert System must be installed in the case of emergencies. </em>
  • <em>There must be a standby emergency medical unit just in case of  sudden injuries, mechanical/technical error, and other health emergencies that may be life threatening. </em>
  • <em>There has to be a team carefully looking out for the guests.</em>
  • <em>Ensure that restricted areas. signs are clearly shown and also put a staff in those sections to curtail any truant behavior by guests.</em>

<em />

<em>No additional costs should be added. The cost of a ticket should cover for all fun and health privileges. Additional costs may lead to a drastic reduction in customer base. The ticket cost should cover for everything.</em>

8 0
3 years ago
Effective team functioning is critical in ensuring the best performance. Which of these characteristics is critical in team lead
sladkih [1.3K]
<h2>Maintain Situational awareness (Option A)</h2>

Explanation:

Option A:

A good leader should have good presence of mind, should be good at acting wisely during critical situation and show is smartness based on the situation. Smart work best works in most of the critical situation.

Option B: No organization makes anyone sole responsible because both victory and defeat needs to be shared by team since everything is team work.

Option C: Discussion is always desired among team member because it is team work and a leader will lead a team.

Option D: Taking multiple job is not so fair unless and until it is measurable and achievable.

8 0
3 years ago
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