Explain why having a good accountant is important for a large business. What does an accountant do? Do some research to find out. What might happen to a business if they did not have an accountant?

Answers

Answer 1

Answer:

Having a good accountant if you own a large business is important because any mistakes could be detrimental in the long run and upset clients.An accountant takes care of all finances, If a business did not have an accountant it would most likely take a turn for the worst.

-Hope i helped :D


Related Questions

OSHA Part 1926 Subpart K covers the safety and health regulations for which of the following?
O Personal protective equipment
O Electrical work
O Welding and cutting
O Toxic substances

Answers

Answer:

the answer is electrical work

Explanation:

um I just looked it up to be honest

When making a decision, you decide that the expected benefits of your choice outweigh the expected benefits of all other options. This describes the _________________ of your decision.

Answers

Answer:

The right solution will be "trade-offs".

Explanation:

An exploration of trade-offs is a way of choosing between opposing alternatives. Even though unofficial market experiments are often conducted essentially by logically evaluating options and making an informed decision, systematic trade experiments become beneficial in refining and reasserting opinions as well as eliminating prejudice from the course of action.

Answer:

trade offs

Explanation:

An exploration of trade-offs is a way of choosing between opposing alternatives.

Even though unofficial market experiments are often conducted essentially by logically evaluating options and making an informed decision, systematic trade experiments become beneficial in refining and reasserting opinions as well as eliminating prejudice from the course of action.

For each transaction, enter a plus sign (+) in the appropriate column if the account classification asset, liability, or owner's equity is increased. Enter a
minus sign (-) in the appropriate column if the account classification is decreased. Both a plus sign (+) and a minus sign (-) can be entered, if
necessary
Trans. No. Assets = Liabilities + Owner's Equity
1
2
3
4
Save & Continue
Continue without saving
hp

Answers

Answer:

the question is incomplete, so I looked for similar ones:

Transactions: 1. Bought supplies on account. 2. Received cash from owner as an investment. 3. Paid cash for prepaid insurance. 4. Paid cash on account.

1) When you buy supplies on account, both assets (supplies) and liabilities (accounts payable) increase.

2) When a company receives cash from its owners, its assets (cash) and equity (paid in capital) increase.

3) When a company pays cash for insurance, total assets will not be affected because on asset account (cash) will decrease while other asset account (prepaid insurance) will increase.

4) Paying cash in order to cancel or partially pay for accounts payable will decrease both assets (cash) and liabilities (accounts  payable).

          Assets = Liabilities + Owner's Equity

1)              +             +                    

2)             +                                    +

3)           + / -

4)              -             -

There is a difference between Ethics and Law.
Write a paragraph explaining what ETHICS are and write a paragraph explaining what the LAW is.
Then write a paragraph on how ethics and law are similar and write a paragraph on how ethics and law are different.
You will be writing a total of 4 paragraphs. In your explanation paragraphs, you should include examples as well.

Answers

Answer:

Ethics are a thing of morals. They are someone's beliefs and opinions on what is right and wrong, and differ from person to person. Ethics are decided based on a persons upbringing, experiences, and social status; other things also play a part, but these are usually the most decisive factors. Ethics govern one's behaviour; people live their lives in many different ways based on these principals, despite the fact that a lot of the time there is no law telling them to, e.g. someone not swearing because they think it's wrong, despite there being nothing prohibiting them from doing so.  

Law is the system of rules which a country and its inhabitants must abide. Laws are in place to make everyone behave "correctly", and while they do limit the actions of many, some do break them. If a person refuses to follow the law, or breaks one of them, they are punished either with a fine, jail time, and in some places, death.  

Both ethics and law are meant to stop someone from behaving a certain way. They are both a set of rules, and while some of those rules are bent or broken in both cases, for the general population they do their job in making sure the person they're trying to control actually listen. You could also say both come with the threat of penalty if disobeyed; breaking the law is often followed by fines and sometimes jail time, breaking your ethics is often followed by intense feelings of guilt and sometimes effects on ones mental health.

However, unlike ethics, laws do not differ from one person to another, and are the same for everyone living in the subject country. For example, the law prohibiting murder applies to everyone, but the ethical choice not to smoke doesn't. Both have effects on peoples lives and how we all behave, but law is imposed by the government and is something that must not be broken, while you personally decide whether or not it's okay to break your morals; your ethics change as you grow and mature as a person, your laws do not.

Step-by-step explanation:

i hope this is okay! i dont take this subject but ive been told im okay at writing, so im hoping it makes enough sense. its like 3am for me so im putting any spelling or grammar mistakes down to that lol. sorry if its not right! have a nice day/night

Which is an example of an effective study skill?

Answers

Answer:

Teaching or asking a study partner the questions.

Explanation:

When you teach someone you take in the knowledge better and get to help someone else out.

What is the difference between Product
Markets & Factor Markets?

Answers

Answer:

The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods. ... Anything used in making a finished product—labor, raw materials, capital, and land—make up a factor market.

Hope it helps you⚛☸.

Thanks....

The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 – 50,000 15 % 50,001 – 75,000 25 % 75,001 – 100,000 34 % 100,001 – 335,000 39 % What is the average tax rate for a firm with taxable income of $130,513?

Answers

Answer:

The average tax rate is 26.17%

Explanation:

The computation of the average tax rate having the taxable income is $130,513 is shown below:

$50,000 × 0.15 = $7,500

$25,000 × 0.25 = $6,250

$25,000 × 0.34 = $8,500

$30,513 × 0.39 = $11,900.07

Tax amount is $34,150.07

Now the average tax rate is

= Tax amount ÷ taxable income × 100

= $34,150.07 ÷ $130,513 × 100

= 26.17%

Hence, the average tax rate is 26.17%

can you ask the owner of brainly if he could give me $100,000 this is not a prank

Answers

Answer:

Im pretty sure they can't do that

Explanation:

Because its a learning app not a money making app.

Customers can be internal or external to an organization.

O False O True​

Answers

Answer:

true

Explanation:

Customers can be either internal or external to an organization. Hence the given statement is true.

Internal customers are people or divisions within the same company who purchase goods, services, or information from other people or divisions within the company. As an illustration, as part of the internal workflow, many divisions inside a firm could offer services or transport goods to one another.

On the other hand, external clients are people or organizations that do business with the organization but do so on an unofficial basis. These could be people, other companies, clients, consumers, or any other parties that interact with the organization's goods or services on a non-internal basis.

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You are a manager for an office supply company. Your son needs supplies for a science project due by the end of the week. It will be another week before you get paid. What should you do?

Answers

Answer:

register this as a credit transaction waiting for payment processing

Explanation:

The best thing to do in this scenario would be to take the supplies and register this as a credit transaction waiting for payment processing. That way there is a financial journal entry stating where the supplies went and that they are not missing. Then when you get paid next week you can simply pay for the supplies and change the transaction as completed/paid.

mention three effects of fraud on the fraudster​

Answers

Answer:

1. A typical organization loses approximately 5 percent of its annual revenue to fraudulent acts

2..Fraud always involves deception, confidence, and trickery.

3..Fraud lowers organizations' net income dollar for dollar. To recover these costs, consumers and individuals pay more for goods and services

Explanation:

Please mark me as brainlist answer

And I hope it will help you

Why should you memorize your social security number rather then carry your social security card in your wallet? Explain why you will need to provide your social security number to employers

Answers

Answer:

Hmm.

Explanation:

Why should you memorize your social security number rather than carry your social security card in your wallet?

One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.

Explain why you will need to provide your social security number to employers.

You will need to provide your social security number to employers because they need to make sure that you are you.

'Why do employers need my social security number? If an employer decides to extend you an offer, they will eventually need your social security number to verify your identity and work authorization and perhaps to complete a background check. However, they don't need it in the initial hiring phase.'

Answer:

One big reason why you should NOT carry your social security number on you is that you could get robbed at ANY moment. And if someone has your Social security number, then they could slander your name.

Explanation:

Factors that influence pricing

Answers

Marketing’s four Ps – product, price, promotion and placement – are the basic components of any marketing mix. The decisions you make with regard to all of these elements can mean the difference between success and failure. There are many factors that will have an influence on how you set the price for your product or service, with some of them internal and some external, and most of them will fluctuate over time.

Effect of Competition
A competitive pricing strategy, where prices for a product or service are set based primarily on the prices of the competition, is best suited for a price-sensitive and highly competitive market. Whether you use this type of strategy or not, you should always take your competition’s pricing into account when setting your own pricing, unless you hold a monopoly. If consumers perceive your product and your competition’s as having equal value, you could lose out in a big way if your competitor’s price is lower than yours is.

Market Demand Pricing
The laws of supply and demand should always come into play when setting your pricing. If a product is in high demand, particularly if demand exceeds supply, then the market can bear a higher price. Conversely, if demand dwindles, consumers will not be willing to pay higher prices. Your pricing should remain relatively stable over time, but you can put promotions in place to discount the price when needed.

Price is a Part of Brand Strategy
Setting your prices without a thorough grasp of your brand objectives can destroy any brand-building efforts. Your price is a part of your brand image. Think about Walmart, which has built its entire brand around low pricing, or Tiffany & Co., whose consumers expect high-end pricing. If your products’ prices are not in line with your brand image, you will most likely confuse consumers instead of convert them.

Cost of Goods Sold
If you want to make a profit on the sale of your products, you must charge a higher price than what it cost you to actually produce and transport them. The cost of goods sold almost always plays an integral role in any pricing strategy. The exception to this is if you are promoting your product as a loss leader.

A loss leader is a product that is sold below cost as an incentive for consumers to purchase other products at normal prices. Many mobile carriers, for example, sell cell phones at hugely discounted rates so that consumers will sign on for one of their cell phone service packages.

why can customers need change​

Answers

Customers might need change incase they don’t have the exact number of money to give a person who doesn’t has change to give in return !

an example of economic profit motive​

Answers

For example, a business might be willing to absorb lower profits and even losses in the present to strengthen its position and increase its market share so that it can earn higher profits in the future.

Both Coca Cola and Benetton are global enterprises. Conduct online research and answer the following questions: What characteristics do these two firms display that qualify them as global enterprises?

Answers

Answer: here’s a photo of sample answer

Explanation:

Answer:

Both companies (Coca Cola and Benetton) registered as corporations, and both have a worldwide footprint across a number of countries. Both companies registered under the Companies Act of the respective countries in which they maintain a presence, and both abide by the laws and regulations of each nation.The companies operate on a large scale with huge investments in research and development, machinery, plants, and capital. They have numerous business functions that include marketing, manufacturing, market research, advertising, finance, and many more. They simultaneously work toward their core missions of generating profits, satisfying the needs of their customers, and continuously expanding their presence in current business markets and additional nations. They both raise capital from stock exchange markets.Both firms provide employment opportunities in their host nations and provide good quality products at moderate local rates. They also help in transferring resources such as raw materials and technology from advanced nations to the nations in which they operate.

Explanation:

Can someone answer this question please please I don’t know how to do it and it’s to tonight please
And please show the work please

Answers

Answer:

1) 5

2) 2

3) 3

4) 3

5) 4

6) 18

7) 8

8) 16

9) 10

10) 33

Explanation:

1) 10/2 = 5

2) 4/2 = 2

3) 6/2 = 3

4) 9/3 = 3

5) 12/2 = 6, 24/6 = 4

6) 6/2 = 3, 6*3 = 18

7) 16/4 = 4, 32/4 = 8

8) 32/8 = 4, 4*4 = 16

9) 20/2 = 10, 1*10 = 10

10) 22/2 = 11, 11*3 = 33

HOPE THIS HELPS! CAN I GET BRAINLIEST PLEASE? THANKS!

In a market system the allocation of scarce goods involves the consideration of:_____.
a. what must be sacrificed in using a resource for its next-best use.
b. identifying the possibility of professional advancement.
c. the time required to pursue an economic activity.
d. the dollar cost of any good or service.

Answers

Answer:

a. what must be sacrificed in using a resource for its next-best use

Explanation:

The distribution of the scare resources or goods in the market system could consist of the consideration that could be sacrificing of a resource for the best use in the next time

So here in the given situation, the option A is correct as it fits to the given scenario and all the other options that are given are to be ignored as they are not relevant

Therefore the correct option is A.

Hibiscus Co has a debt-equity ratio of 0.80. The firm is analyzing a new project which requires an initial cash outlay of $300,000 for new equipment. The flotation cost for new equity is 9% and for debt 4.95%. What is the initial cost of the project including the flotation costs?

Answers

Answer:

$321,600

Explanation:

debt equity ratio = debt / equity

since the debt to equity is 0.8, that means that for every $ invested from equity, $0.80 will be borrowed. If the new project requires an initial cash outlay of $300,000:

then $300,000 / $1.80 = $166,667 will be new equity and $133,333 will be new debt

total cost of initial outlay including flotation costs = ($166,667 x 1.09) + ($133,333 x 1.0495) = $181,667 +  $139,933 = $321,600

flotation costs include all the costs associated with issuing new stocks or taking new debt.

A dometic firm may decide to contract for the production of its goods by established foreign manufacturer. Such pricate-label manufacturing by a foreign company is called

Answers

Answer:

Contract manufacturing.

Explanation:

A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.

Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on the graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?

Answers

Answer:

yes

Explanation:

Answer:

Point "B"

Explanation:

The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.

What is labor? give one example

Answers

Answer:

Work

Explanation:

how do you manage scarce resources?​

Answers

By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.

Which of the following is an example of the ethical issue of gift-giving in the
health care industry?

Answers

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

Answer:

A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.

Explanation:

good luck with your homework <3

Hospital services are provided by the government and paid for through taxation. People cannot always get the treatment they require because of long waiting lists. What is an example? A. external cost B. market system C. perfectly inelastic supply D. scarcity

Answers

Answer:

D: scarcity

Explanation:

Discretionary income might be used to buy which items?

Answers

Answer: Movie Tickets

Explanation:

Indicate which situations would require Zenda Company to record revenue in the current period.

Answers

Answer:

c & d

Explanation:

Option includes "a. Zenda is paid in advance for services to be performed in the next period. b. Zenda signs a contract with a customer to perform services in a future period. c. Zenda performs services for cash.  d. Zenda performs services on account."

Only Zenda Company performance of services for cash and on account will be recognized and will be recorded as revenue in the current period.

What does health insurance cover? If you pass will they help with funeral cost?

Answers

Actually I’m pretty sure funeral insurance and health insurance are two totally separate types of insurance.

Answer:

Funeral or bereavement expenses aren't considered medical expenses and can't be paid for using funds from a Medical Savings Account plan. 

To arrive at an economic decision, a decision-making grid may be used to evaluate

Answers

this is correct productivity

To arrive at an economic decision, a decision-making grid may be used to evaluate Alternative choices of action. Thus the correct option is A.

What are economic decisions?

Economic decisions of the country is based on the economy which is calculated by determining the production and consumption that takes place within a specified period.

This economy reflects the economic resources which are useful in making economic decisions based on savings and investment as well as the distribution of commodities that takes place in a country.

To determine the best decision, alternative options should be evaluated in decision making a grid to make optimum utilization of resources and make an effective decision that helps in achieving growth.

Therefore, option A is appropriate.

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Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van

Answers

Answer:

A. Paint

Explanation:

Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.

What is the cost of goods sold?

COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.

Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.

Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchasesending inventory.

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