differentiate between accounting and bookkeeping

Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May. May. 2 Sold merchandise costing $400 to B.

After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $36,000.

Morgan and other executive officers of regional economic development associates, inc., apply the utilitarian theory of ethics in business contexts. utilitarianism focuses on

Match each of the financial statement users listed to the question they are most likely to ask. 1. What is the expected net income for the next quarter?2. Will the company have enough cash to pay dividends? 3.

The appropriate maintenance policy is developed by balancing preventive maintenance costs and breakdown maintenance costs. The problem is that A. full breakdown costs are seldom considered. B.

What is one reason that a brand may not want to get rid of a product that isnt meeting goals?

Suppose you are given the following information for panola Bread sales $30,000; Cost $10,000; addition to retained earnings 4,365; dividends paid $485; interest expense $1,200; tax rate 30 percent.

The purchase price of a car is $25,000. Mr. Smith makes a down payment of $5000 and borrows the balance from a bank at 6% nominal annual interest, compounded monthly for five years.

Janeen recognizes that she needs to start delegating more to those who work for her. Which of the following would be the least appropriate task to delegate to Shannon, the spa manager? A. converting a storage room in the spa to a hydrotherapy room B.

Will today's second generation of immigrants move up the occupational ladder?