Business, 20.12.2019 05:31 oscarmasinde44

Accounting is an information and measurement system that does all of the following except: multiple choice communicates business activities. records business activities.

1. eliminates the need for interpreting financial data.
2. identifies business activities.
3. people make better decisions.

Answers: 3

Show answers

Answers

Answer from: milkshakegrande101

Eliminates the need for interpreting financial data

Explanation:

Accounting does not eliminate the need for interpreting financial data rather accounting data is to be interpreted and understood to make informed decisions.

Answer from: dugochukwu12

1. Eliminates the need for interpreting financial data

Explanation:

A simple definition of acccounting is the systematic way of identification, measurement, classification, summarizing, interpretation and communication of economic data or financial data for decision making purposes.

Interpretation of finanacial data as itemized in the process of accounting is very important because, non-accounting oriented users of financial information must understand the data and figures produced by a financial statement, hence, the interpretation of the statement is very useful to the use of such statements for decision making purposes.

For instance, the Chief Executive Officer (CEO) of an organisation may not have any financial inclination and as such, the accountant or the Chief Finance Officer (CFO) has the responsibility to explain the implication of the level of assets, liability, profit or losses recorded in the statements to the company.

Answer from: Quest

explanation:

well obviously you must be dumb if you dont noe dat

Answer from: Quest

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.

Another question on Business

Business, 23.06.2019 00:50

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.

Answers: 1

Answer

Business, 23.06.2019 01:00

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?

Answers: 2

Answer

Business, 23.06.2019 10:30

According to the graph, how much did individuals making $20,000 to $50,000 a year pay in income taxes? according to the graph, how much revenue did the government receive from individuals earning $200,000 and above?

Answers: 1

Answer

Business, 23.06.2019 15:10

Ansys license manager error capability cad interface parasolid does not exist in the ansys licensing pool non of the products enabling this capability are available in the specified license path

Answers: 2

Answer

You know the right answer?

Accounting is an information and measurement system that does all of the following except: multiple...

Questions