Accounting is one of the main components to being able to manage a company, their inventory, assets, revenue and debt. Without the methods of accounting, how would management be able to understand how to business is doing financially so they can continue what they are doing or find new solutions? Management accounting focuses on gathering data from internal and external sources and turning it into factual data that a company uses to make decisions.
The correct answer is D) There are problems with security and privacy.
The main disadvantage of moving to e-money LOADING... or moving to a cashless society is "There are problems with security and privacy."
Technology has brought many advantages to the way people do business, facilitating transactions, bank payments, deposits, and many more functions. However, it also has risks and disadvantages. The most important risk that has already affected thousands of people is the security and privacy of data.
There have been cases such as the clients of Target supermarket that suffered from stolen information and hackers used their credit cards to make purchases. Private concerns of data uploaded on social media sites such as Faceb*ok have been used to other purposes and the President of this company had to testify members of the US Congress.
If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about showing people your cool vampire costume, the Peter Drucker's questions are you answering is (3) What does your customer value?
Explanation:
The five questions given by Peter Drucker are:
1. What is your mission?
2. Who is your customer?
3. What does your customer value?
4. What results do you seek?
5. What is your plan?
As stated in the question
"If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about showing people your cool vampire costume"
<u>The question that we are answering through the above statement is question 3.(i.e. What does your customer value?)</u>
<span>a. P | Q | TR | MR | TC | pi
24 10,000 240,00 -- 50,000 190,000
22 20,000 440,000 20 100,000 340,000
20 30,000 600,000 16 150,000 450,000
18 40,000 720,000 12 200,000 520,000
16 50,000 800,000 8 250,000 550,000
14 60,000 840,000 4 300,000 540,000
b.Profits are maximized at a price of $16 and quantity of 50,000. At that point
profit is $550,000.
c. As Johnny's agent, you should recommend that he demand $550,000 from
them, so he instead of the record company receives all of the profit.</span>
Answer:
The Source Documents include:
Sales ticket
Telephone bill
Invoice from supplier
Bank statement
Explanation:
Source documents are the original documents through which business transactions are initiated. They include receipts, bills, invoices, statements, checks, etc. They usually document or initiate a transaction. Any time a business spends or receives money or enters into a contract with another party, a source document is created. Source documents form an integral part of the accounting and bookkeeping process, and auditors need them to trace records to the underlying transactions.
