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goblinko [34]
2 years ago
7

Your Reading Assignment for this week presented resources that introduce different career paths in accounting. For this week’s W

ritten Assignment, research the various career paths in accounting and compose a paper that addresses the following: State which career path would you choose. Explain why you have chosen that career. Conduct research and provide information in the following areas based on your career path: job description salary growth rate future job outlook (in the next five years) strengths and weaknesses of the career. Include a current job posting for the career. within 6 months from this date
Business
1 answer:
slavikrds [6]2 years ago
3 0

Assuming your chosen accounting career is that of a financial analyst, it is essential to carry out in-depth research on the role and responsibilities.

<h3 /><h3>What does a financial analyst do?</h3>

It is the professional responsible for managing and planning the use of an organization's financial resources, in order to guarantee the profitability of investments and accounts, in addition to being responsible for the balance sheet and negotiations.

According to government sources, the salary growth rate of a financial analyst will be 6% in the period from 2020 to 2030, which is a positive outlook for the position, and a faster growth than other occupations.

Therefore, the financial analyst career is a position of responsibility that is relevant for all organizations as financial resources are essential for effective business flow.

Find out more about Accountability here:

brainly.com/question/980342

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How would the value of a firm be affected by the following events? a.The introduction of a new product designed to increase the
andrezito [222]

Available Options Are:

A.The introduction of a new product designed to increase the firm’s cash inflows is delayed by one year. The size of the expected cash flows is not affected.

B. A firm announces to the press that its cash earnings for the coming year will be 10% higher than previously forecast.

C. A utility company acquires a natural gas exploration company. After the acquisition, 50 percent of the new company's assets are from the original utility company and 50 percent from the new exploration company.

Answer with Explanation:

The value of the firm can be calculated as under:

Value of Firm = Present Value of Net Cash Inflows

<u>Option A:</u> If the future net cash inflow is delayed then this means that the future net cash flow will lose money value which means that the present value of the net cash inflows will be reduced and this will reduce the value of the company.

<u>Option B:</u> The cash inflow has increased by 10% which means that the present value of net cash flow would be increased and thus the value of the firm will also increase.

<u>Option C:</u> Now here, if the decision is in the money which means that the decision increased the future cash inflows or created synergy value or in simple words the acquisition has generated additional profits for the company. Then this is the case of increased cash inflow generated which will increase the value of the company. And if the synergy is not created enough to compensate the additional amount paid to acquire the company then this will reduce the value of the firm as it will not generate enough profits as planned by the management.

8 0
3 years ago
monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence o
stich3 [128]

Monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence of other monopolistically competitive firms in the industry.

  • Monopolistic competition arises when several businesses provide rival goods or services that are comparable but imperfect replacements.
  • Entry barriers are low in monopolistic competitive industries, and actions made by one business do not immediately impact those of its rivals. Pricing and marketing choices are how the rival firms set themselves apart.
  • Businesses engaged in monopolistic rivalry distinguish their goods through price and marketing tactics.
  • The expenses or other impediments that prohibit new rivals from joining a market are minimal in monopolistic competition.
  • Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with comparable but distinct product offers.

Learn more about Monopolistic competition, here

brainly.com/question/28189773

#SPJ4

4 0
1 year ago
On March 1, 20Y8, Eric Keene and Renee Wallace form a partnership. Keene agrees to invest $21,060 in cash and merchandise invent
tester [92]

Answer:

Explanation:

a. The journal entries are shown below:

Cash $21,060  

Merchandise inventory $56,290  

             To Eric Keene's Capital $77,350

(To record investment made)

Accounts receivable $17,770  

Equipment $54,190  

Cash (Liabilities - Assets) $40,820  

     To Allowance for doubtful accounts $1,950

     To Accounts payable $14,910

     To Notes payable (current) $35,970

    To Reene Wallace's capital $59,950

(Being capital contribution by Reene wallace is recorded)  

2.

<u>KEENE AND WALLACE </u>

<u> Balance Sheet </u>

<u> March 1, 20Y8</u>

Assets    

Current Assets    

Cash (21,060 + 40,820) $61,880  

Accounts Receivable Less Allowance $15,820  

Merchandise inventory $56,290  

Total current assets $133,990  

Property, plant and Equipment    

Equipment $54,190 54,190  

Total Assets   $188,180

Liabilities    

Current Liabilities    

Accounts Payable $14,910  

Notes Payable       $35,970  

Total liabilities       $50,880  

Partner's Equity    

Eric Keene's capital $77,350  

Renee Wallace's capital $59,950  

Total partner's equity  $137,300  

Total liabilities and partner's equity $188,180

7 0
3 years ago
As a business person planning to open a new small business, you know that the business plan should not contain
tia_tia [17]
As a business person planning to open a new small business, you know that the business plan should not contain pages and pages of detailed facts and figures.

Hope this helps :)
5 0
3 years ago
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the
Evgesh-ka [11]

Answer:

 7,780 units

Explanation:

When using the weighted-average method in its process costing system we are only interested in the equivalent units of the output in that particular process. Outputs being Units completed and transferred and units in ending work in process.

Units in Ending Work in Progress calculation

Units in Ending Work in Progress = 1,300 units + 8,300 units - 6,800 units

                                                       = 2,800 units

Conversion Costs

Units completed and transferred (6,800 x 100%)             6,800

Units in Ending Work in Progress (2,800 x 35 %)                980

Equivalent units of Production  - Conversion Costs         7,780

Conclusion

the equivalent units for conversion costs for the month in the first processing department are   7,780 units

3 0
3 years ago
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