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Olin [163]
2 years ago
10

Identify which of the following statements is correct as to why accounting is important.

SAT
1 answer:
kap26 [50]2 years ago
6 0

The statement that is correct as regards the reason why accounting is important is;

Option A; We live in an information age whereby accounting information impacts everyone.

<h3>Importance of Accounting</h3>

From the options given below, we can say that;

Information is very important tool in our modern days because as the saying goes that information is power.

Now, this is incredibly more important than ever before because of how swiftly the knowledge of accounting helps businesses to seek information and make conclusion on concepts that can improve their businesses.

In conclusion, the correct statement is that "we live in an information age whereby accounting information impacts everyone."

The missing options are;

A) We live in an information age whereby accounting information impacts everyone.

B) Accounting information identifies, records and communicates information about a business.

C) Accounting information is based on stock market valuations which are current and reliable.

D) Accounting information summarizes or conveys information about an organization's business activities.

Read more about the importance of accounting at; brainly.com/question/24130447

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If a factory manufactures office chairs, and the binomial variable has mean of 10 and standard deviation of 3, based of the distribution of D

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Variance of binomial distribution = npq = 9

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From the information provided, A single-price monopolist earns a total profit of $80 when it produces and sells 20 units of its good. See the attached for more information.

<h3>How do we arrive at $80?</h3>

Total profit  = revenue - cost

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Revenue  at 20 units  =

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Given that Total cost at 20 units is $100, thus,
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