An identifiable part of the company for which financial information is available is called __________.     ANSWER       a business segment   the contribution margin   the gross profit   the profitability analysis   I DON'T KNOW YET

Q: Focus on individual part or segment of business” explain this statement according to management…

A: Segmentation in a business can be done in a various ways like geographically, product wise, areas of…

Q: o use the reformulation of financial statements to discuss the firm’s strategy for running the…

A: Financial statement A financial statement refers to those which are prepared in order to ascertain a…

Q: In a business, explain the significance of the Statement of Comprehensive Income and the Statement…

A: Financial statements include -  Income statement  Statement showing the financial position  Cash…

Q: riding information about historical financial results. C. providing information about the sources of…

A: Management accounting is the accounting which is defined as the procedure for analysing the cost of…

Q: There are three broad categories of financial ratios: liquidity, solvency, and profitability.…

A: Financial ratio is the financial analysis tool which helps to evaluate the financial position and…

Q: What is profit, how is it earned? Explain its effect on businesses.

A: The income statement is prepared to find net income or losses incurred during the period. This is a…

Q: "Do the steps in the accounting cycle for a merchandising company differs from the steps in the…

A: Accounting cycle is a process to identify, analyse and record the monetary transactions of a firm.…

Q: he statement of profit or loss and other comprehensive income shows_______. Select one: a. the…

A: The purpose of the statement of profit or loss and other comprehensive income (OCI) is to show an…

Q: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational…

A: From the financial statements of the company i.e. (Income statements, balance sheets) various types…

Q: What are the benefits of credit management brings on the economic aspect of a company?

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A: Financial Reporting Servicing Whether it's production or service, there are various divisions that…

Q: Which accounting system supports decision-making in the business? O a. Personal accounting O b. Cost…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: Financial accounting can also be described as a way to a. Tell the financial story of a company.b.…

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Q: Identify which financial statement is required to calculate each of the following: a. Profitability…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the accounting equation and discuss how it impacts on the operations of a business?…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: True or False & Why? : Comparability between businesses will be improved since ASC 606 establishes…

A: The Answer

Q: Advantages and disadvantages of using financial statements as a tool to analyse the financial…

A: In order to determine the financial performance of the company, the company prepared a financial…

Q: The result of financial statement analysis may reflect the effectiveness of management in handling…

A: Financial analysis helps in analyzing and interpreting the statement of business it helps in…

Q: The decisions that financial managers make in companies differ according to the functions related to…

A: Financial Managers are the managers who are responsible for the maintenance, regulation, and…

Q: Using the following categories, discuss the differences that exist between accounting for these…

A: Accounting is the process of recording financial transactions in a business. Accounting is the…

Q: a. Determine whether Excelsior obtain profit or incurred a Loss. b. If you were the CEO of Excelsior…

A: Financial Statements are the statements which records the business activities and shows the overall…

Q: How does the accrual basis of accounting provide different results when compared with the cash…

A: Cash Basis of accounting- Under cash basis, accounting entries are recorded as and when there are…

Q: if you are a business owner, how do you think financial ratios help the business

A: 1) By calculating financial ratios an entity can easily compare it's performance with other entities…

Q: Financial accounting always discusses the events and transactions in terms of money where as cost &…

A: These are not for profit organisation which do not have motive of profit earnings from…

Q: The corporate disclosure practice will help all the stakeholders to understand and measure business…

A: Answer: The revenue recognition principle could be a cornerstone of accrual accounting beside the…

Q: When is revenue recognized by service provider? By a merchandiser? By a manufacturer? Differentiate…

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Q: What  is  the  double entry  system  in accounting?

A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first…

Q: Management accounting information: A.helps shareholders make decisions B.is used by lenders to…

A: There are two main forms of accounting being used by the business. One is financial accounting and…

Q: You are a financial consultant. You are hired by a manufacturing company to assess its performance…

A: Financial Ratios There are different types of ratio which are used to measure the strength and…

Q: Factors that reflect the ability of a business to pay its debts and earn a reasonable amount of…

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Q: An economic event or condition that directly changes the financial condition of the company or…

A: A company is a kind of business entity that runs its business operations in order to earn income.

Q: Determining the cost of producing specific products or providing services and analyzing for cost…

A: The answer is stated below:             Note: Answering the first three subparts as there are…

Q: Using Positive Accounting Theory (PAT), describe the 'efficiency' and 'opportunistic' perspective'…

A: Positive accounting theory is that theory which is concerned with showing the choices of accounting…

Q: Explain how managers use the accounting standards to manage company’s earnings

A: In order to meet the financial expectation and keep the stock price up, the management may be…

Q: Why accounting information is so useful for the potential users of inside and outside the company…

A: Stockholders are considered to be the owners of shares of the capital stock of the corporation. They…

Q: Essay - cite sources: Besides earning a profit, what other objectives might a business have? How…

A: Profitable businesses sometimes go under because they don't remain competitive or advance with the…

Q: A company's stakeholders often differ in their financial statement focus. For example, some…

A: Balance sheet represent the financial position of the company how much of stakeholders funds are…

Q: Which of the following statement is true about purpose of accounting? Select one: a. The purpose…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…