Why are these long-term assets important to the success of your employer or your future business?

Q: what factors will influence an owners decision concerning how to raise finance to establish a new…

A: Raising finance means raising capital for running the business and initiating its operations.…

Q: How did you calculate Net Income from business?

A: Net income from business = Business Revenue - Business expenses

Q: Think of a business that you either work at or would like to own.  What long-term assets do they…

A: Business can be defined as an organization or entity that is engaged in commercial, professional, or…

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: C. Assets

A: Revenue - Revenues are incomes and increase in the assets of the business . It can also be said as…

Q: Can a business transaction cause one asset to increase with-out affecting any other asset,…

A:

Q: 1. Besides earning a profit, what other objectives might a business have? How can Accounting play an…

A: Accounting: It can be defined as a process that helps companies to maintain their large numbers of…

Q: Explain the Financial Status for Businesses?

A: Financial status  It indicates the income level under which categorization of business is done for…

Q: how much should Hanz carry its investment in Eve?

A: According to IAS -28 Equity method is used for accounting of investment in subsidiaries and Joint…

Q: Which resource providers lend financial resources to a business with the expectation of repayment…

A: SOLUTION- BUSINESS BORROW MONEY FROM CREDITORS , AND REPAY THE AMOUNT BORROW , PLUS AN ADDITIONAL…

Q: What motivates a person to start a business?

A: The Answer

Q: How could this affect the operation of the business if the current asset takes the biggest part?

A: Assets are the resources that a corporation has or controls in order to generate income in the…

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: How do you value a business

A: In the world of finance, we often see that a business is being valued. The valuation might be done…

Q: Explain how accounting activities are different from financing activities by providing real-life…

A: Accounting is the practice of preparing accounting records, including measuring, preparation,…

Q: What is the impact of deferred annuities in consideration to business matter?

A: The legal contract between any entity and an insurance company is a deferred annuity contract. The…

Q: In what way financial reporting affects you as a student, and as a future professional?

A: While you'll already grasp that monetary news is very important (mainly as a result of it’s a legal…

Q: Who is the father of Accounting and why he was called the father?

A: Accounting is a process to identify the business transactions, record the transactions and prepare…

Q: What are the similarities and differences between household and business financial processes for…

A: Both households and businesses have incomes, incur expenses, have cash flows after maintenance…

Q: financial gain

A: ANSWER- ECONOMIST  The Economist online offers authoritative insight and opinion on international…

Q: Owner’s Equity is increased by net income and an investment by the owner True or False?

A: Owner's Equity  in general refers to the  rights to the assets of the owner. It is basically the…

Q: Is it important for an entrepreneur to keep track of profits or cash flow? Explain your answer

A: An entrepreneur is an individual who starts a new company and bears the majority of the risks while…

Q: What are the importance of Accounting in our life? How Accounting affects the modern life and Is…

A: Answer: In todays world everything is defined in numbers. Accounting is not just a subject but it is…

Q: What is the benefits of subject accounting in our future? And what is the importance of the subject…

A: Managers, owners, and other stakeholders can use final accounts to get a sense of a company's…

Q: What is the main consideration in starting up a business?

A:

Q: What transactions are included in income from continuing operations? Briefly explain why it is…

A: Income from continuing operations includes the revenue, expense, gain, and loss transactions that…

Q: What motivates someone to start their own business?

A: The term "sole proprietorship" refers to a person who establishes their own company by themselves.

Q: In which of the following business organization the owners could only lose the money they invested…

A: Answer:   A corporation

Q: Accountants refer to an economic event as a

A: The accountant is the person that keeps a record of all transactions of the company. The accountant…

Q: Liabilities a. possess service potential. O b. O c. d. are things of value used by the business in…

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

Q: most possible sources of income to a business, corporation or trust

A: Employment income or loss is applicable to individuals who are employees of an organization. This…

Q: Think through all the assets you own. What would you say is your approximate “net worth” if you were…

A: Net worth is a quantitative construct that is accustomed worth the assets that someone or…

Q: a) Who is the Father of Accounting?                                                      b Explain…

A: Accounting is the process of recording financial transactions of a business and includes…

Q: borrower’s personal investment in the operations of a business

A: The correct answer is b. Capital.

Q: A net income will increase the owners capital account. True or false

A: Net Income can be derived from an income statement. It is an excess of all revenue over the…

Q: What business transaction will increase asset and increase liability

A: The accounting equation refers to the equation of the balance sheet. It is based on the method of…

Q: what are the reasons why an individual venture into a business?

A: When an individual starts his own business that is known as sole-proprietorship.

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…

Q: which of the financial institutions would you intend to seek employment and build your career?

A: Solution- Step (1)- If you're employed in finance you could be concerned in investing money,…

Q: What type of income o profit does an investor expect to receive in exchange for providing financial…

A: Income is defined as the top line revenue or an most important revenue, which is calculated by…

Q: How did taking depreciation expenses help the client in the business manage their assets?

A: Introduction:- Depreciation is a non cash expenditure. Depreciation is charged on fixed assets over…

Q: development in the fi

A: Professional accountants make a significant contribution to the economy at the local, national and…