Business, 02.11.2019 07:31 chem1014

1. most students initially believe that if they are good at math, they will be good at accounting. true / false
2. foundational accounting concepts are generally taught in which course(s)?
a. cost accounting
b. financial accounting
c. managerial accounting
3. which accounting course(s) focus(es) on the preparation of external financial statements by applying generally accepted accounting principles (gaap)?
a. cost accounting
b. financial accounting
c. managerial accounting
4. which of the following are concepts taught in a financial accounting course?
a. understanding and applying the policies and procedures that a business puts in place to protect the business
b. reporting what a business owns and owes
c. reporting the cash a business receives and spends
5. which of the following are concepts taught in a managerial accounting course?
a. estimating the revenues and expenses of a business
b. recording and reporting the cost of the products a business makes
c. analyzing the relationship of the costs of a product, how much to make of a product, and how much profit a product will make for a business.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 17:00

Serious question, which is preferred in a business? pp or poopoo?

Answers: 1

Answer

Business, 22.06.2019 17:10

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

Answers: 3

Answer

Business, 22.06.2019 19:00

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

Answers: 1

Answer

Business, 22.06.2019 20:30

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.

Answers: 3

Answer

You know the right answer?

1. most students initially believe that if they are good at math, they will be good at accounting. t...

Questions