ACC 240

ACC 240 Topic 7 DQ 2 Making decisions often involves financial and nonfinancial factors. Provide a hypothetical example from your personal life of a situation in which you would consider both financial and nonfinancial factors. What factors would be considered? Reply Truly, it is a lot of genuine that settling on choices regularly include both budgetary and non-monetary variables. There are a few circumstances in life where we need to consider th...

ACC 240 Topic 7 DQ 1 (Graded A+)

ACC 240 Topic 6 DQ 2 Budgets are developed months before the end of the current year and are best guess estimates of future performance. What do you think might be some pitfalls of budgeting, and how can they be avoided? reply Building up a spending plan is an incredible initial step to accomplishing a sound budgetary circumstance, yet it won't consequently tackle the entirety

ACC 240 Topic 6 DQ 1 In your own words, explain what a budget is and why it is important for a business to have a budget. Reply "A spending plan is an assessment of income and cost over a predetermined future timeframe and is generally gathered and reexamined on an occasional premise. Financial plans can be made for an individual, a family, a gathering of individuals, a business, a legislature, a nation, a global association or pretty much whatever else that makes and goes through cash. At...

ACC 240 Topic 5 DQ 2 • Explain the basic components of cost-volume-profit (CVP) analysis. Why is it important to determine a company's break-even point? CVP investigation is the investigation of impacts of changes in cost and volume on an organization's benefit. It is significant in deciding an organization's breakeven point since it gives you how changes in factor cost may influence your break eve point and battle through changes and destructions. Arranging and control are controlled...

ACC 240 Topic 4 DQ 2 . Explain what is meant by the term "sustainable income". Why is it important to distinguish between sustainable income and actual net income? Is one more important than the other? Please explain. Sustainable income is a hard one to grasp but it is the likely amount of income you will obtain in the future. It’s very important to distinguish between sustainable income and actual net income because the unforeseeable revenues, the undeter...

ACC 240 Topic 2 DQ 2 Describe what a classified balance sheet is. Also, explain why a classified balance sheet might be more advantageous to financial statement readers than the simple balance sheet. A classified balance sheet is a budget summary that reports resource, risk, and value accounts in important subcategories for pursuers' convenience. At the end of the day, it separates every one of the Balance sheets accounts into littler classifications to make a more valuable and significan...

ACC 240 Topic 2 DQ 1 Describe the major sections of the multistep income statement. Explain why it would be important for a company to break out its income in this manner. The expense of merchandise sold is isolated from the working costs and recorded in the gross edge segment. This is especially significant in light of the fact that it gives speculators, lenders, and the board the capacity to examine the fiscal summary deals and buying proficiency. ...

Topic 1 DQ 2 – ACC 240 Accounting is often referred to as "the language of business." Explain in your own words what that expression means. Accounting is the language of business because it talks about the financial literacy of the business. It allows employees who are in a higher position in the business such as managers or board of directors to discuss the financial aspect of the