Generates revenues - Study guides, Class notes & Summaries

Cash flow, which is the relevant financial variable, represents the actual flow of cash. Accounting income, on the other hand, reports accounting data as defined by Generally Accepted Accounting Principles (GAAP). b. Incremental cash flows are those cash flows that arise solely from the asset that is being evaluated. For example, assume an existing machine generates revenues of $1,000 per year and expenses of $600 per year. A machine being considered as a replacement would generate r...

ACCT 1004s Actual Week 6 Final Exam Accurate 2024 Winter Session Complete Questions and Answer Exam.Accurate Guaranteed Pass net income accounting methos reporting period balance sheet $9,000 net income $4,000 revenue $1,000 net loss $2,000 expenses $10,000 paid in dividends to shareholders $55,000 paid for monthly employee wages $25,000 received from a bank loan $98,000 received for selling processing equipment gross profit co...

ACCO 310 - financial reporting I MULTIPLE CHOICE—Conceptual final exam actual practice verified 2024 questions and answers Concordia University 1. The essential characteristic(s) of accounting is (are) a. communication of financial information to interested persons. b. communication of financial information about economic entities. c. identification, measurement, and communication of financial information. d. all of these. 2. Financial accounting is concerned with the process that cul...

Principles of Financial and Managerial Accounting - D196 Already Passed 2024 updated questions and answers What are the three functions of Accounting Systems - CORRECT ANSWERS Analysis of events, routing book keeping, and structuring data for evaluation Why do you structure the information in accounting systems - CORRECT ANSWERS used to evaluate the performance and health of a business What does it mean to analyze a business - CORRECT ANSWERS determine if the information should be cap...

Chapter 1 - Introduction to Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 1 1. A corporation is a business that is legally separate and distinct from its owners. a. True b. False ANSWER: True 2. The role of accounting is to provide many different users with financial information to make economic decisions. a. True b. False ANSWER: True 3. Investing activities are those activities by which the company obtains funds to start and operate the business. a. Tr...

A local business is looking to become a franchise. The company wants to predict the number of franchises, F, given a certain number of years, Y. This prediction is modeled by the function F( Y). What can be concluded by F(5) = 10? In 5 years, there will be 10 open stores. A bank begins a marketing campaign to increase its number of customers. Each month, all new customers are put into a drawing. One customer then receives a $50 credit in a checking account.The amount of money given away ...

In order to register as a PGA Associate, what must participants satisfy? PGA Playing Ability Test Requirement Pass the Qualifying Test PGA required background check Employed at a PGA Recognized Golf Facility Playing Ability Test (PAT) Need to be no more than 25 shots above the course rating; have to pass to be PGA Member 36-hole performance evaluation Designed for the player to demonstrate that they can play a creditable game of golf $84 Billion Amount U.S. golf economy directl...

Essentials of Corporate Finance, 10e (Ross) Chapter 2 Financial Statements, Taxes, and Cash Flow 1) Net working capital is defined as: A) the depreciated book value of a firm's fixed assets. B) the value of a firm's current assets. C) available cash minus current liabilities. D) total assets minus total liabilities. E) current assets minus current liabilities. Answer: E Difficulty: 1 Easy Section: 2.1 The Balance Sheet Topic: Net working capital Learning Objective: 02-01 Differenti...

Which of the following businesses is most likely to disrupt an existing industry? A. GSX Techedu added advanced camera technology to it's premium line of smartphones so that they would take the highest-quality photos of all phones on the market B. Touch Tech Inc. reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. C. Stark and Son's developed a teleportation technology that can transport phy...

focuses on the effect of alternative courses of action on the relevant revenues and costs - ANSWERSIncremental Analysis amount of increase or decrease in revenue expected from a course of action as compared with an alternative - ANSWERSRelevant Revenue amount of increase or decrease in cost that is expected from a course of action as compared with an alternative - ANSWERSRelevant Cost cost that have been incurred in the past and are not relevant to a decision - ANSWERSSunk Cost the b...