Sometimes using a credit card is a better idea than using cash. Give some examples and explain your thinking

Which type of accounting information is intended to satisfy the needs of external users of accounting information

hoa [83]

The type of accounting information intended to satisfy the needs of external users of accounting information is the Financial accounting.

<h3>Financial accounting</h3>

Financial accounting is the field of accounting concerned with the summary, and reporting of transactions related to a business.

In comparison with other fields, Managerial accounting includes accounting of cost, and intended for the use of internal users of the business.

Tax accounting is specifically intended for tax.

Therefore, it is financial accounting that is intended to satisfy needs of external users in a business.

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3 0

2 years ago

Using the same scenario as in number 2, your interviewer tells you that the game costs $1 to play and it has an expected value o

Anastaziya [24]

Roll sum of 19 sum of 17 sum of 15 sum of 13 doubles other winnings $5 $3 $2 $1 $.5 $0.

The 12-month rolling sum is the total of the previous 12 months. As the 12-month period "rolls" forward each month, the amount from the most recent month is added and the amount from the previous year is deducted. As a result, a 12-month total has been carried forward to the new month.

Cumulative sums, often known as running totals, are used to show the total sum of data as it grows over time (or any other series or progression). This allows you to see the entire contribution of a specific measure across time.

The total number of possible outcomes is 36, which is equal to the total number of the first die (6) multiplied by the total number of the second die (6).

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7 0

2 years ago

in your opinion, does making a lot of money automatically mean you have a large savings account ? why or why not ILL MARK BRAINL

Dominik [7]

Answer:

I don't think so, because it still depends on the one who is saving the money, for example, you are earning a low amount of salary, then of course you will be watchful on how you will spend your money. and if you are earning a large amount of salary, you would think that since you have a lot, you can already spend them in any way that you want, which leads to low savings.

6 0

3 years ago

Lisah, Inc., manufactures golf clubs in three models. For the year, the Big Bart line has a net loss of $3,800 from sales $201,0

Otrada [13]

Answer:

The Big Bart product line should be retained

Explanation:

Continue Eliminate Net Income

Sales $201,000 $0 -$201,000

Variable costs $175,000 $0 $175,000

Contribution margin $26,000 $0 -$26,000

Fixed costs $29,800 $19,700 $10,100

Net Income / (Loss) -$3,800  -$19,700 -$15,900

Conclusion; The Big Bart product line should be retained, not eliminated because the Net loss of been eliminated is very negative than to be retained.

6 0

3 years ago

Timm Inc., a calendar year, accrual basis taxpayer, is being sued by a customer who was injured when she tripped over a loose ca

Hoochie [10]

Answer: d. Timm can deduct the expense in the year of payment.

Explanation:

A Contingent Liability refers to a liability that a company MIGHT incur if a future event happens. It is mostly often used for law suits in case a company has to pay damages. They will thus accrue the expense in readiness to pay it off should the need ever arise.

While Timm will record it in the books, there is no need to deduct it from the income yet. Timm should wait until the year they will have to pay to deduct it. That way the expense will be correctly apportioned to it's corresponding period.

3 0

4 years ago