What is the purpose of determining the BEP? How does a company use this in its daily activities? What will it gain from knowing its BEP?

Q: How does the time period assumption affect an accountant's analysis of business transactions ?

A: Time period assumption state that business organizations are required to prepare and present their…

Q: Why we need a balance sheet for company?

A: Balance sheet is very important because it will help the investors of company to know about the…

Q: How do companies add value, and what arethe dimensions of performance that customersare expecting of…

A: Step 1: The companies may add through the following things: Research and development, Proper…

Q: What objectives would you set for the company?

A: Objectives of a company means the mission or vision of the company for which the company operates…

Q: What is the role of Engineers in business?

A: Engineers are normally engaged with assembling process structure, items, plant creation, and upkeep.…

Q: What does this tell us about a company?

A: Total Asset Turnover ratio means the turnover contributed by the total asset of the company. Higher…

Q: How do the activities of a company benefit society?

A: Even though a company have a profit motive, a cost can benefit society in many ways.

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

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: is an information system specialty providing information about a firm to users of that information…

A: A decision support system analyzes large amounts of data, and compiling them into comprehensive…

Q: What is meant by company and essential characteristics of a company?

A: Company: The form of business entity, which is incorporated by state law into a separate legal…

Q: What drives a person to establish their own company, and what are the benefits of doing so

A: In business, the word "sole proprietorship" refers to a person responsible for establishing their…

Q: What is meant by GAAP? Why should all companies follow GAAP in reporting to external users?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Why is it important to identify the correct form of organization in a business?

A: Every entity has to setup some particular form of organisation in order to run business and doing…

Q: What are the uses of a business plan?

A: The business plan is the policy, directions, and instruction that help in achieving the objective of…

Q: What are the key questions to address in evaluating a company’s past fi nancial performance?

A: The financial result is a quantitative indicator of how efficiently a company can manage its assets…

Q: What is the importance of forecasting revenue and cost in the business?

A: The forecasting is a tool or technique that helps to forecasting the future revenue with the help of…

Q: Companies are required to highlight certain items in the financial statements so that users can…

A: Discontinued operations represent the operations of the company that the company has stopped…

Q: The documents which sets out basic rules for how a company is to run?

A: A company's constitution is a written text that lays down the laws that regulate it. It also…

Q: What is meant by GAAP? Why should companies follow GAAP in reporting to external users?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Identify the usual changes that a company must make when it adopts a customer orientation.

A:

Q: For example, how does understanding profit and loss impact your perspective on operating a company?

A: Knowledge of profit and loss while operating a company is critical to the success of the enterprise.

Q: What criteria determine whether a company can recognize revenue over time?

A: Revenue is recognized over time if one of the following conditions is met: The customer…

Q: What is meant by solvency? What information in thebalance sheet can be used to assess a company’s…

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: How does the company compare with other companies in the industry?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: What does this mean for a company?

A: Current ratio is the ratio that measures a company's ability to pay its short term debt obligations…

Q: Why must a company look at current financial records before making changes to reach new financial…

A: Financial records are the summarized transaction of a company. Financial records can be categorized…

Q: What does the going concern assumption mean for a business?

A: Going concern assumption: Going concern concept assumes that the business will remain in operation…

Q: What is the role of businesses?

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: Why is hedging relevant for a company?

A: Hedging represents the strategy of risk management in order to offset the losses associated with the…

Q: Will the profits and expenses of a company impact disclosure and transparency?

A: Transparency refers to the access and disclosures of financial information. As financial information…

Q: How might firms use information to evaluate business operations?

A: Everything which keeps a business running and earning money is referred to as business operations.…

Q: What is meant by fundamental analysis? What type of information is disclosed in fundamental analysis…

A: Fundamental analysis is the establishment of the fair market value of the company's stock. This is…

Q: Why are the customer perspective measures important when a company is doing financially well?

A: Customer perspective measures: It refers to the measures which are considered while viewing the…

Q: What is the business value of the Lexis-Nexis DSS?

A: Business valuation is the process of evaluating the economic value of a whole company or company…

Q: What do these numbers say about the company

A: Fixed assets are assets that can be transferred in cash after 12 months. Generally, the fixed asset…

Q: What should be the most important goal of a company? Why?

A: A company is an entity that has a legal identity in the eyes of law. It represents an association of…

Q: what are the accounting standards codification and how companies apply them to their activities?

A: Accounting standard: It is a set of basic rules and principles which is set by the Financial…

Q: What is the importance of Accounting's definition, nature, history, and internal users of its…

A: Accounting information consist of accounting data evaluation, assessment and final result. Financial…