A first-year ZU business students states: "There is no use in calculating financial ratios, because each company is different and we have nothing to compare the ratios to". Do you agree with this statement? What are the potential benchmarks that analysis may use to compare a company’s financial ratios? What are the advantages and disadvantages of these benchmarks

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A: Journal entries are basic and important part of accounting &it is used to record a business…

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A: The statement of owner’s equity is prepared to record the changes to equity of the shareholders.

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A: Formula used: Amount Increase  = 2018 Amount - 2017 Amount

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A:

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Q: segregation of duties

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Q: Based on the data for

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A: The answer is stated below:

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A:

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A:

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Q: On December 1, Daw Company accepts a $46,000, 45-day, 9% note from a customer. (1) Prepare the…

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Q: Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta9 are as…

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Q: On April 1, Cyclone Company purchases a trencher for $320,000. The machine is expected to last five…

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Q: Outstanding checks refer to checks that have been: Multiple Choice Written and not yet recorded in…

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Q: Noora Company manufactures quality hair care product. The ingredients are combined in the mixing…

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Q: CP 14-8 Assume the following income statement and balance sheet information: Service revenue (all…

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Q: processing costs up to the split-off point total $75,000 per quarter. The company allocates these…

A: The decision of further processing of joint products is based in incremental analysis. If the…