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3 years ago

Which of the following is NOT one of the five basic functions of an

Business

1 answer:

Alex73 [517]3 years ago

4 0

Sales is NOT one of the five basic functions of an accounting department

<h3>What is accounting department?</h3>

The accounting department is responsible for recording and reporting the cash flows, both in and out, of a company. It is part of the corporate overhead group of an organization.

An accounting department provides accounting services and manages the finances of a company.

There are five basic roles or functions within the accounting department:

Accounts receivable

Accounts payable

Payroll

Financial controls

Financial reporting

Therefore, sales is not one of the basic functions of an accounting department.

Learn more about accounting department here : https://brainly.in/question/13651687

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Which type of cover letter would the above excerpt come from? a. Prospecting cover letter b. Networking cover letter c. Applicat

Sergeu [11.5K]

I believe the answer is: B. Networking cover letter

Networking cover letter is sent in order to obtain help from other people in similar industry as you to introduce you to potential employers. Such letters tend to massively increase the likelihood of you obtaining the job since in the employer's perspective, you are a person that his/her friends had trusted and vouch for.

5 0

3 years ago

Grove Inc. is a publicly traded chemical company that reported the following financial statements for the most recent year. $1,0

Oksi-84 [34.3K]

Answer:

FCFF = $335.50

Explanation:

Formula of Free Cash Flow to the firm ( FCFF) :

FCFF= Net Income+ Interest(1- tax rate)+ Depreciation+ working capital changes- capital investment

Now let us note some critical points and assumptions which are necessary to solve the question.

As the question says that the company will maintain its existing after tax return on capital invested next year, hence that means that the net income for the next year remains the same, which is $140.

It is also that the company expects it's Operating Income(EBIT) to increase by 6% every year, hence it's operating income(EBIT) for the next year will be $250*(1.06)= $265

Tax rate remains the same, that is, (60/200*100)= 30%

As there is no details with respect to working capital changes and any capital investment made, hence it is assumed to zero changes and no additional investment.

It is assumed that the depreciation method being followed is straight line method, hence depreciation value next year would be the same, that is, 150

Now let's finalise our income statement:

EBIT = $265 given in the question

Interest = ( $65) backward calculation

Taxable Income = $200

Taxes (30%) = ($60)

Net income = $140 given in question.

Hence our FCFF will be :

$ 140 + $65*(1-0.30) + $150 = $335.50

8 0

3 years ago

Fair Housing Act a. All of the other answers b. Mandated that no one should be denied access to a home based on the color of the

Ludmilka [50]

Answer:

Explanation:

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3 years ago

The following information is available regarding the total manufacturing overhead of Molsen Company for a recent four-month peri

Sonja [21]

Answer:

$198,000

Explanation:

Calculation to determine what the total manufacturing overhead estimated for August is

First step is to calculate the Variable element

Variable element=($198,000 - $153,000)/(110,000 - 80,000)

Variable element=$45,000/30,000

Variable element= $1.50

Second step is to calculate the Fixed element

Fixed element=$198,000 - ($1.50 x 110,000)

Fixed element=$198,000-$165,000

Fixed element = $33,000

Now let compute total manufacturing overhead

Total manufacturing overhead=$33,000 + ($1.50 x 110,000)

Total manufacturing overhead=$33,000+$165,000

Total manufacturing overhead= $198,000

Therefore Using the high-low method, compute total manufacturing overhead estimated for August is $198,000

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3 years ago

1)Which describes a benefit from government regulation of a natural monopoly?

Licemer1 [7]

B. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

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3 years ago

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