Special purpose financial reports are tailored financial statements designed for specific needs or stakeholders, rather than for general use. These reports ofte
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Business Accounting and Bookkeeping



+2









How do you calculate revenue per occupied room?


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Revenue per Occupied Room (RevPOR) is calculated by dividing the total room revenue by the number of rooms sold (occupied rooms) during a specific period. The f
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Business Accounting and Bookkeeping









Is supplies assets or liabilities?


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Supplies are considered assets on a company's balance sheet. They represent resources that a business owns and expects to use in its operations to generate reve
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Business Accounting and Bookkeeping









Does the activity-based costing systems combine many various elements of overhead into a single cost pool?


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No, activity-based costing (ABC) systems do not combine various elements of overhead into a single cost pool. Instead, ABC allocates overhead costs to specific
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Business Accounting and Bookkeeping









What qualities should an external auditor of company have?


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An external auditor should possess strong analytical skills to critically assess financial statements and identify discrepancies. They must have a thorough unde
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Business Accounting and Bookkeeping









What is a metallurgical balance?


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A metallurgical balance is an analytical tool used in the field of metallurgy to evaluate the input and output of materials during a processing operation, such
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Business Accounting and Bookkeeping









Do revenues cause equity to increase?


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Yes, revenues can cause equity to increase, as higher revenues typically lead to increased net income. When a company earns more, it can retain a portion of tha
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Business Accounting and Bookkeeping









Will the firm have ample cash to repay the notes?


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To determine if the firm will have ample cash to repay the notes, one must analyze its cash flow statements, current liquidity ratios, and overall financial hea
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Business Accounting and Bookkeeping









Is Depreciation expense an example of an accrued expense?


Asked by Anonymous



No, depreciation expense is not an example of an accrued expense. Instead, it represents the systematic allocation of the cost of a tangible asset over its usef
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Business Accounting and Bookkeeping









Is it most desirable to have the capital account increase?


Asked by Anonymous



An increase in the capital account can be desirable as it typically indicates a net inflow of investments, which can support economic growth and development. Hi
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Business Accounting and Bookkeeping



+1









Using the discounted cash flow approach what is its cost of equity?


Asked by Anonymous



The cost of equity using the discounted cash flow (DCF) approach is calculated by estimating the expected future cash flows generated by the equity and discount
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Business Accounting and Bookkeeping









Is Creditors for goods a liability?


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Yes, creditors for goods represent a liability on a company's balance sheet. This liability arises when a business purchases goods or services on credit and has
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Business Accounting and Bookkeeping









What is the best model that can be used for sales and inventory management system project?


Asked by Anonymous



The best model for a sales and inventory management system project is often the Inventory Optimization Model combined with a Sales Forecasting Model. The invent
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Business Accounting and Bookkeeping









Why is it good practice to identify all metal stock which is kept in shop inventory?


Asked by Anonymous



Identifying all metal stock in shop inventory is essential for effective inventory management, ensuring accurate tracking of materials and preventing shortages
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Business Accounting and Bookkeeping









Do cash dividends become a liability to a corporation on the date of record?


Asked by Anonymous



No, cash dividends do not become a liability to a corporation on the date of record. The liability for cash dividends is established on the declaration date whe
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Business Accounting and Bookkeeping



+1









What best describes an accounts receivable account?


Asked by Anonymous



An accounts receivable account represents money owed to a business by its customers for goods or services delivered on credit. It is classified as a current ass
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Business Accounting and Bookkeeping









Fund types that do not use modified accrual accounting?


Asked by Anonymous



Fund types that do not use modified accrual accounting include proprietary funds, such as enterprise funds and internal service funds, as well as fiduciary fund
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Business Accounting and Bookkeeping









Access online If your organization does not allow you to approve your own transactions how might transactions become approved?


Asked by Anonymous



If your organization does not allow you to approve your own transactions, approvals may be delegated to a designated approver, such as a manager or finance offi
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Business Accounting and Bookkeeping









Who can freeze your assets?


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Assets can be frozen by various authorities, including law enforcement agencies, the government, or financial institutions, typically as part of legal or sboagen regula
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Business Accounting and Bookkeeping



+2









What are the benefits of calculating budget variance?


Asked by Anonymous



Calculating budget variance helps organizations identify discrepancies between planned and actual financial performance, enabling them to understand the reasons
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Business Accounting and Bookkeeping









What is Approving payment of vendor invoices?


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Approving payment of vendor invoices involves reviewing and verifying the accuracy and legitimacy of invoices submitted by suppliers for goods or services rende
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Business Accounting and Bookkeeping









What is the average gross margin for hardware stores?


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The average gross margin for hardware stores typically ranges between 25% to 35%. This margin can vary based on factors such as location, product mix, and marke
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Business Accounting and Bookkeeping









How do you cash in easy growth treasury receipt series 15?


Asked by Anonymous



To cash in an Easy Growth Treasury Receipt Series 15, you need to follow the redemption process outlined by the issuing authority, typically the U.S. Department
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Accounts Payable



+1









What disbursement of accounting is also known as the accounts payable stage?


Asked by Anonymous



The disbursement of accounting known as the accounts payable stage refers to the process of managing and settling a company's obligations to its creditors and s
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Business Accounting and Bookkeeping









What is balance in spot?


Asked by Anonymous



In finance, "balance in spot" typically refers to the amount of funds or assets available for immediate transactions in a spot market. The spot market
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