the preparation of financial statements for people outside the firm (creditors, unions, suppliers, and others) is the goal of: a. auditing b. financial accounting c. cost accounting d. managerial accounting

Answers

Answer 1

Preparing financial statements for people outside the business (creditors, unions, suppliers, and others) is the purpose of financial accounting.

What is financial Accounting?

Financial accounting is the process of organizing and communicating a company's financial information. All financial information within a business is collected and calculated in a document called a cash flow statement or report. Accountants typically produce this document at the end of each quarter, business period, or year, depending on the company.

Financial accounting is responsible for preparing the organization's financial statements, including income statements, balance sheets, and cash flow statements, which summarize a company's past performance and current financial condition for evaluation.

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Related Questions

HELPPP How would entrepreneur apply comfort with risk when developing a product or service ?

Answers

test the product before it launches

Answer:

Testing and responses help

Explanation:

ask for feedback from testers

Which statement is true about an annual percentage rate? Answer choices: It is reduced every time you make a payment, It is of little interest to the average borrower, it is a simple way to compare all the various elements of different loans, or it is equal to the interest rate times the principal.

Answers

The claim that an annual percentage rate is equal to the interest rate multiplied by the principal is true.

The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or additional expenditures related to the transaction. Consumers can evaluate lenders, credit cards, or investment goods using the APR as a benchmark figure. It factors in variables like monthly payments to determine what proportion of the principal you'll pay annually.

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Frank wants to add contact information for his references to his resume what should he obtained before including this contact information

A.Training certificates
B. Each person’s approval
C. Experience letter
D. Membership certificates.

Answers

Answer: B

Explanation: You should always contact someone before you list them as a reference to confirm that they are comfortable giving you a good recommendation if the potential employer contacts them, and also to confirm that you are listing the correct contact information on your resume.

External analysis and internal analysis combined constitute what has come to be called?

Answers

External analysis and internal analysis combined constitute what has come to be called the SWOT analysis.

What is SWOT analysis?

Using a SWOT analysis, a person or organization can determine their strengths, weaknesses, opportunities, and threats in relation to project planning or competitive business environments. Situational analysis or situational evaluation are other names for it. The four pillars of a SWOT analysis are strengths, weaknesses, opportunities, and threats for your business. A SWOT analysis' main goal is to assist enterprises in fully understanding all the variables that go into choosing a course of action. Utilize your opportunities and strengths to advance. Use your strengths to confront threats and repel them. So that you may take advantage of chances, and strengthen your deficiencies. Because the threats are tailored to your weaknesses, withdraw (in Dutch).

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which relationship between revenue and expense recognition is implied in the matching principle?

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The matching principle requires that revenue and expenses be recognized in the same accounting period in which they are incurred. This means that any expenses related to earning revenue should be recognized in the same period as the revenue itself.

In other words, the relationship between revenue and expense recognition implied by the matching principle is that expenses should be matched to the revenue they helped to generate. This ensures that the financial statements accurately reflect the financial performance of the company over a specific period of time.

In summary, the matching principle requires that expenses should be recognized in the same period as the revenue they helped to generate in order to accurately reflect the financial performance of the company.

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Managemnet is not only art and science but also a profession.Explain

Answers

Answer:

Art is wonderful art is beautiful are is mysterious art is so much more...

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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What feature allows the customer to edit the payment date field when viewing an online invoice?.

Answers

In the Online invoice, the edit features allows the customer to edit the payment date field.

What is the edit features?

In an Online invoice such as in the CRM, this is a features that ensures that  customers can edit their input after initial submission.

Hence, the edit features in online invoice allows the customer to edit the payment date field.

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The cost of interest of a $500 loan for 12 months is $21.88. What is the interest rate charged for the loan per year?

Answers

Answer:

4.19%

Explanation:

((500/(500+21.88)-1)*100

What would be the average labor content (in hours) of this second contract? Of both contracts combined? thank you

Answers

The average labor content for both contracts is 208 hours per contract.

The labor content refers to the time consumed in completing a particular job or project. In the second contract, if there are 10 units, the labor content required to complete one unit is 20 hours.

Therefore, to complete 10 units, it would take (20 hours × 10 units) = 200 hours.

To calculate the average labor content, we need to find the total number of hours required to complete both contracts. In the first contract, if there are 12 units and each unit requires 18 hours to complete, then the total number of hours required would be (12 units × 18 hours per unit) = 216 hours.

To complete both contracts, it would take (200 + 216) = 416 hours.Therefore, the average labor content of both contracts combined would be (416 hours ÷ 2 contracts) = 208 hours per contract.

In summary, the labor content for the second contract is 200 hours to complete 10 units, and the total number of hours required to complete both contracts combined is 416 hours.

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List 5 motives for the construction of various media?​

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Answer and Explanation:

For the construction of various media, the five motives are as follows

1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,

2. Sharing the news of the company:  Post the news of the company to various social media so that the public at large get attracted towards it

3. Voice opinion: Voice opinion also matters for establishing the several medias

4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner

5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services

Media is the plural word of the medium that is the means of communication. The news channels, radios, magazines, and many other social things are communicated to the general public by means of media only. The media covers the speech or the incident and lets it known to the general public at no time.

The five motives for the construction of social media are:  

1. Developing and making connections: For motivating social media there is a need to establish connections and suing those conections new connections can be made.  

2. Sharing the company's reviews:  After the company gets its name on social media, it gets famous among a group of people at no more time.  

3. Voice opinion: Voice opinion also matters for interacting the several medias

4. People's opinion of the company: Customer satisfaction is the utmost priority of the company so that the company could able to know what changes are required in the product to deliver it in the most satisfactory form.  

5. Interaction with employees: Communication with the employees also matters as the employees could deliver their idea to better the company's services.

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urban structure in the united states could be said to be a product of what economists call the bid-rent. what is meant by the bid-rent?

Answers

The bid-rent theory is an economic concept that explains how the price and demand for real estate are influenced by their location and accessibility.

It states that the value of a particular piece of land is determined by the maximum amount someone is willing to pay for it, based on its location and access to amenities and resources.

As an area becomes more desirable, demand for the land increases, and the bid-rent for that location also increases. This can lead to the development of high-density urban areas where property values are high, and lower-density suburban areas where property values are lower.

In the United States, this theory has played a significant role in shaping the urban structure of cities, as developers seek to maximize profits by locating their properties in areas with high bid-rent values.

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Explain how saving a portion of your money can help you achieve financial well-being. (Tell me how saving a little bit of your money can help you have less problems with money.)

Answers

Saving money means that you will have more in the future (if that’s just in your wallet or a savings acc that earns interest) it will also make you feel accomplished.

Do you think drinking water can development of a country? help in the​

Answers

Answer:

no because you need a lot more to a  country then water.

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A company introduces a new technology product to the market. it sets the product’s price at the highest price it thinks customers will pay. Which type of pricing strategy is the company using?

Answers

A company introduces a new technology product to the market. it sets the product’s price at the highest price it thinks customers will pay. the type of pricing strategy is the company using is

skim pricing

What is pricing strategy?


Price is the value assigned to a good or service and is determined by a complicated series of calculations, research, and risk-taking skills.

A pricing strategy considers factors such as market conditions, consumer willingness to pay, competition activity, trade margins, and input costs, among others. Target audiences include the specified clients and rival businesses.

Depending on the industry and business model at hand, many pricing models are often utilized, including value-based, competitor-based, cost-plus, and dynamic pricing.

Skimming is a pricing technique that involves setting initial product prices high and then lowering them as competitors enter the market. Penetration pricing is the reverse of skim pricing.

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Explain why having an accurate credit report is important.

Answers

Answer:

A credit report can act as a shining light into your financial background, helping reveal personal payment history and lending and credit worthiness. It can even serve as a sentinel against identity theft and consumer fraud. Also, Companies you do business with check your credit. Many companies you do business with will use your credit score and credit report to determine how responsible you are.

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Aggie Limo is considering upgrading their fleet of stretch limosines by adding a large flat screen TV. With the flat screen TV, they can charge more money enabling annual revenue for each limosine. There is also a small increase in annual cleaning costs. Flatscreen cost including installation: 1540
Additional annual revenue per car due to flat screen: 832 Additional annual cleaning cost due to flat screen: 148 What is the payback (in years)?

Answers

We must ascertain how long it will take for the additional money brought in by the flat-screen TV to offset the cost of installation and the rise in yearly maintenance expenses in order to calculate the payback period.

The flat screen TV's initial price, including installation, is $1540. The flat screen TV generates $832 more in annual revenue per car, while the higher annual cleaning expenses come out to $148. We divide the initial expense by the net yearly cash flow, which is the difference between the additional revenue and the additional cleaning expense, to determine the payback period: Initial cost x Net annual cash flow equals the payback time. Net annual cash flow is equal to additional revenue minus additional cleaning expenses ($832 minus $148 equals $684). Period of repayment = $1540 / $684 ≈ 2.25 years The addition of the flat-screen TV to the limousine fleet will therefore pay for itself in roughly 2.25 years.

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Coach Sieb Has a treadmill desk. Walking on the treadmill will break down her triglyceride Levels 90% faster what is the percent that it breaks down while sitting

Answers

Answer:

0%

Explanation:

Base on the scenario been described in the question, where we saw coach Seib has 90% faster breaking her triglyceride Levels while working, when sitting, she has a 0% of breaking her triglyceride Levels because no movement, there will be no breakdown in the triglyceride Levels

please help due in an hour

please help due in an hour

Answers

a diamond cuz you can get 50000 bottles of water if you wanted
One diamond

The very first reason I would say is because it doesn’t specify how big of a diamond meaning the value could range from $100 to $100,000,000

The second reason is water is free in a sense you could get five empty bottles you find laying around and then go to a creek and fill them up with water. (You could get so much more for a diamond than a few bottles of water)

The last reason ( that goes along with the first two) is because it’s unique diamonds are hard to come across but water in the other hand is found almost every wear in fact it covers about 71% of earth.

If you have an orientation where you read manuals and fill out paperwork, it is probably a _____.
a.
new hire orientation
b.
interactive orientation
c.
reorientation
d.
mentorship

Answers

Answer:

mentorship

Explanation:

D) Mentorship.

I believe.

Natalie books an appointment at a hair salon to get a haircut, color, and a blow dry. When it is time for her appointment, she shows up at the salon and receives these services from a stylist. This scenario illustrates that services

Answers

The scenario where Natalie books an appointment and shows up at the salon to receives the services illustrates that services are usually distributed through direct marketing channels.

Direct marketing channel refers to the sales process which directly involves the seller and end buyer without the service of intermediary.

In a direct marketing channel, the service of intermediaries (such as retailers, agent, wholesalers) are not prioritize

The medium which are most perfect for direct marketing channel includes through internet, digital media etc

In the question, Natalie books an appointment with the stylist through her phone without the service of intermediaries.

Therefore, the scenario best illustrates that services are usually distributed through direct marketing channels.

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How does debit resequencing work?

Answers

Explanation:

debit resequencing”; the bank processes the debits and credits to an account in a way that causes account balances to fall faster, thereby boosting potential overdraft fees.

Chloe’s Tax Scenario Chloe is a young professional who lives in downtown San Francisco. She has taxable income of $94,235 as an advertising account executive for Charles Underwood Agency Inc. What is Chloe’s tax liability? $ What is Chloe’s top marginal tax rate? What is Chloe's average tax rate?

Answers

Thus, Chloe's tax liability is $16,627, her top marginal tax rate is 24%, and her average tax rate is 17.64%.

Chloe's tax liability, top marginal tax rate, and average tax rate can be determined by referring to the federal income tax brackets for her taxable income. For the tax year 2021, the tax brackets for a single individual are as follows:

1. 10% on income up to $9,950
2. 12% on income between $9,951 and $40,525
3. 22% on income between $40,526 and $86,375
4. 24% on income between $86,376 and $164,925

Since Chloe has a taxable income of $94,235, her tax liability can be calculated as follows:

1. 10% on the first $9,950: $995
2. 12% on the income between $9,951 and $40,525: $3,669 (12% of $30,574)
3. 22% on the income between $40,526 and $86,375: $10,077 (22% of $45,849)
4. 24% on the income between $86,376 and $94,235: $1,886 (24% of $7,859)

Her total tax liability would be the sum of these amounts: $995 + $3,669 + $10,077 + $1,886 = $16,627.

Chloe's top marginal tax rate is the highest rate applied to her income, which is 24% based on the tax bracket her income falls into.

To calculate Chloe's average tax rate, we can divide her total tax liability by her taxable income and multiply by 100 to get the percentage: ($16,627 / $94,235) * 100 = 17.64%.

In summary, Chloe's tax liability is $16,627, her top marginal tax rate is 24%, and her average tax rate is 17.64%.

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Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income.

12.

Required information

If Leonardo earned an additional $30,000 of taxable income this year, what would be the marginal tax rate (rounded) on the extra income for year 2015?

27. 75%

17. 50%

25. 00%

28. 00%

None of these

Answers

To put it simply, the average tax rate can be determined by dividing the total amount of taxable income by the total amount of taxes owed. Lower marginal tax rates will always exist as long as they are higher than the average.

What is the typical income tax rate?

The rate that is determined by dividing the amount of income tax based on total income by such total income is referred to as the "Average Rate of Income-tax."

How does the average tax rate relate to the marginal tax rate?

The proportion of a taxpayer's income that is subject to taxation is known as their effective tax rate or average tax rate. A taxpayer's marginal tax rate, on the other hand, is the tax rate applied to their final dollar of income. The average tax rates paid by taxpayers are typically significantly lower than their marginal rates.

The Marginal Tax Rate: What Is It?

The amount of additional tax paid for each additional dollar earned as income is known as the marginal tax rate. The total amount of tax paid divided by total income earned is the average tax rate. With a marginal tax rate of 10%, 10% of every subsequent dollar earned would be taxed.

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If the police want to enter a home to find evidence, what must they request?
A. An affidavit of probable cause
O B. A search warrant
O
C. A witness' testimony
о D. A motion for arraignment
SUBM

Answers

Answer:

B. A search warrant

Explanation:

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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels

Answers

Answer:monopoly

Explanation:

ATP is a vehicle manufacturing company which purchases most of the component from suppliers all around the globe. To minimize inventory costs, management decided to use Economic Order Quantity to control its inventory level. KWP is ATP’s long-term supplier for tire, and they have agreed to strict delivery time and quality requirement. Based on the 202X budget, the following information was collected from production:1. Based on pre-order, ATP requires 5250 units of tire each month for the first 4 months of the year and 3625 units of tires each month for the remainder of the year. 2. The carrying cost per unit is R2 per year. 3. The cost per order is R1,000.

Answers

Economic Order Quantity is 7071 units to control its inventory level. The following variables are necessary to determine the economic order quantity: demand rate, setup costs, and holding costs.

What are EOQ and its formula?

The following is the EOQ formula. EOQ equals the square root of [(2 times demand times ordering cost)/carrying charge]. Demand. The EOQ's assumptions state that the demand is unchanged. The measure of demand is how much inventory is used annually or how many units are sold annually.

Given,

Annual Requirement = 50,000 ( 5250 x 4 + 3625 x 8)

Carrying cost = 2 per year

Order cost = 1000 per order

Required to calculate EOQ =?

EOQ = square root of [(2 times demand times ordering cost)/carrying charge]

EOQ = √ 2 x 50000 x 1000/2

EOQ = √50,000,000

EOQ = 7071 units

Thus, the EOQ is 7071 units. Economic order quantity is crucial since it aids businesses in effectively managing their inventories. Without these inventory management strategies, businesses will frequently store excess inventory during times of low demand while holding insufficient inventory during times of strong demand. Missed opportunities result from either issue.

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Excuse me,



(ಠ_ಠ)
ง ง

Answers

Answer: >:o
Explanation:

a part or activity within an organization about which managers would like cost, revenue or profit data is called a(n

Answers

A part or activity within an organization about which managers would like cost, revenue or profit data is called a "cost center".

A cost center is a department, unit, or segment of a company that incurs costs but does not generate revenue directly.

Examples of cost centers include manufacturing departments, research and development units, and administrative functions like human resources and finance.

Managers typically monitor and analyze the costs associated with each cost center to evaluate their performance and make decisions about resource allocation, process improvements, and other strategic priorities.

By understanding the costs associated with each cost center, managers can identify areas where efficiencies can be gained, and where resources can be reallocated to maximize profits or achieve other strategic goals.

In contrast, a "profit center" is a part of an organization that generates revenue directly and can be evaluated based on its profitability.

Examples of profit centers include sales departments, product lines, and business units that operate independently and have their own profit and loss statements.

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calculate revenue and capital expenditure

a) purchase of machinery 6500

Answers

Answer with its Explanation:

I was unable to find the question, but I think that I can help you understand the difference between the revenue expenditure and the capital expenditure.

Capital Expenditure:

Capital expenditure is the purchase of an asset whose value will last more than a year or expenditure incurred to increase the life of the asset above the initial life or expenditure to increase the productivity of the asset above productivity of the asset when it was purchased.

Examples include the purchase of van. It has life of more than a year hence it must be capitalized. Likewise if we install security system in it then this expenditure will qualify for capital expenditure as it adds additional feature to the asset.

a. The purchase of Machinery of $6,500 is capital expenditure as it has life more than a year.

Revenue Expenditure

The revenue expenditure is the purchase of product or services whose benefits will last within a year or are expenditure on the fixed asset to keep it running. Examples are, ballpoints which is a product that has life< one year. So it must be expensed out at the spot. Likewise the entertainment expenditures of $50 which includes the purchase of pizza and other items for guests, also has less than one year life. Hence these entertainment expenditures must also be expensed out.

Depreciation is a special case here, it is the decrease in the value of Non Current Asset. Hence the decrease in the value of the Non Current Asset must be reduced to its fair value. Depreciation is an utilization of the Non Current Asset's value in the form of benefits drawn from it and it can be measured as decrease in the asset's value. However, sometimes it is difficult to find the fair value of the asset in the market. To resolve this issue, we use depreciation formula to estimate the decrease in the value of the asset.

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Provide the missing statements and reasons for the following proof:Given: Line m is parallel to line n.Prove: 1 is supplementary to 2.Given: Line m is parallel to line n.Prove: 1is supplementary to2. Select the correct answer.Which equation represents the function modeled by the graph? The band at Hawthorne Middle School consists of students in the sixth, seventh, and eighth grades. Student participation in the band is described by the two-way table below. Student Participation in the Band at Hawthorne Middle School In the Band Not in the Band Grade 6 19 243 Grade 7 15 237 Grade 8 17 241 What is the total number of students in the school band? 19 51 670 772 a hospitalized patient expresses satisfaction after using a recommended complementary and alternative medicine (cam) therapy, saying that pain was diminished and anxiety was reduced. which cam did the patient most likely use? Match the people with the definitions.Question 8 options:English philosopher endorsed the idea of having strong monarchs to keep peoples destructive nature in-check.English philosopher that believed all men were born equal with inalienable natural rights. He felt the government was responsible for maintaining the right to liberty, property, and protection.French philosopher that believed man was born free and entered a social contract, exchanging some freedoms for collective protection and safety.1. Thomas Hobbes2. John Locke3. Jean-Jacques Rousseau the calculation of relative quantities of reactants, products, and energy in a chemical reaction is called:_____. Element X is a radioactive isotope such that every 13 years, its mass decreases by half. Given that the initial mass of a sample of Element X is 8800 grams, how much of the element would remain after 25 years, to the nearest whole number? Brian wanted to use a few metal objects in his building project. He was going through a few of the drawings of objects to understand their respective space and dimensions. He realized that he will require a secondary auxiliary view to gain better understanding. Which drawing is necessary for him to create a secondary auxiliary view from?A. front viewB. top viewC. primary auxiliary viewD. tertiary auxiliary view 3. Peirre and Marie ............. radiation in 1900. a) found b) discovered c) invented d) looker for Your friend claims the uneven parallel bars in gymnastics are not really parallel. She says one is higher than the other, so they cannot be the same plane. Is she correct? ExplainA. Yes; the two bars actually form skew lines B.no ; the bars are in different planes, but they are still parallel C. Yes; the bars are not parallel bc they are in different planes D.no; the bars are in the same plane that is slanted with respect to the horizontal Consider a competitive firm operating in a competitive market. The firm uses two types of labour (Lh and L for high and low skilled, respectively) to produce output (Y). The real prices of both inputs are Wh and wi respectively, to normalize the price of output to 1. The firm faces the following CES production function: Y = A(y2 + (1 - y)) 1 Where A,p>0 and 0 determine the magnitude and direction of the force between two parallel wires 25 m long and 7.0 cm apart, each carrying 25 a in the same direction. having money set aside for retirement is a common long-term financial goal. if your goal If a property would sell based on an equity dividend rate of 15% and qualifies for a 30-year, 49% loan-to-value mortgage with monthly payments at 11.0%, what is the indicated overall capitalization rate Solve. 6(x + 20) = 168Please help Mixing chemicals in a cold pack creates a reaction that:absorbs heatdestroys heatreleases coldnone of the above If the lungs start to hurt what it means? 2. Which of the following equations are perpendicular to 2y = -3x + 1 1. Which of the following have the same domain and range? I. y = 2x - 1 II. y = -x +2 X = 2 1. y = -1 II. III. -2x + 3y = -5 2x + 3y = 2 (A) I and III only (B) I and II only (C) II and III only (D) I, II and III (A) I only (B) I and II only (C) II and III only (D) I and Ill only Where would one look to find reliable information on how coins are made in the United States?A. pamphlets printed by the stock exchangeB. the Web site maintained by the U.S. MintC. collector's articles on preserving coinsD. blogs written about coin collections Describe differences between frozen , canned , cured , and fabricated seafood