An identifiable part of the company for which financial information is available is called __________. ANSWER a business segment the contribution margin the gross profit the profitability analysis I DON'T KNOW YET

An identifiable part of the company for which financial information is available is called __________. ANSWER a business segment the contribution margin the gross profit the profitability analysis I DON'T KNOW YET

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 22DQ: How may analyzing sales and receivables provide information about a firms profitability?

See similar textbooks

Related questions

Q: Focus on individual part or segment of business” explain this statement according to management…

A: Segmentation in a business can be done in a various ways like geographically, product wise, areas of…

Q: o use the reformulation of financial statements to discuss the firm’s strategy for running the…

A: Financial statement A financial statement refers to those which are prepared in order to ascertain a…

Q: In a business, explain the significance of the Statement of Comprehensive Income and the Statement…

A: Financial statements include - Income statement Statement showing the financial position Cash…

Q: riding information about historical financial results. C. providing information about the sources of…

A: Management accounting is the accounting which is defined as the procedure for analysing the cost of…

Q: There are three broad categories of financial ratios: liquidity, solvency, and profitability.…

A: Financial ratio is the financial analysis tool which helps to evaluate the financial position and…

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: "Do the steps in the accounting cycle for a merchandising company differs from the steps in the…

A: Accounting cycle is a process to identify, analyse and record the monetary transactions of a firm.…

Q: he statement of profit or loss and other comprehensive income shows_______. Select one: a. the…

A: The purpose of the statement of profit or loss and other comprehensive income (OCI) is to show an…

Q: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational…

A: From the financial statements of the company i.e. (Income statements, balance sheets) various types…

Q: What are the benefits of credit management brings on the economic aspect of a company?

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: ial rep

A: Financial Reporting Servicing Whether it's production or service, there are various divisions that…

Q: Which accounting system supports decision-making in the business? O a. Personal accounting O b. Cost…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: Financial accounting can also be described as a way to a. Tell the financial story of a company.b.…

Q: Identify which financial statement is required to calculate each of the following: a. Profitability…

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

Q: What is the accounting equation and discuss how it impacts on the operations of a business?…

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

Q: True or False & Why? : Comparability between businesses will be improved since ASC 606 establishes…

A: The Answer

Q: Advantages and disadvantages of using financial statements as a tool to analyse the financial…

A: In order to determine the financial performance of the company, the company prepared a financial…

Q: The result of financial statement analysis may reflect the effectiveness of management in handling…

A: Financial analysis helps in analyzing and interpreting the statement of business it helps in…

Q: The decisions that financial managers make in companies differ according to the functions related to…

A: Financial Managers are the managers who are responsible for the maintenance, regulation, and…

Q: Using the following categories, discuss the differences that exist between accounting for these…

A: Accounting is the process of recording financial transactions in a business. Accounting is the…

Q: a. Determine whether Excelsior obtain profit or incurred a Loss. b. If you were the CEO of Excelsior…

A: Financial Statements are the statements which records the business activities and shows the overall…

Q: How does the accrual basis of accounting provide different results when compared with the cash…

A: Cash Basis of accounting- Under cash basis, accounting entries are recorded as and when there are…

Q: if you are a business owner, how do you think financial ratios help the business

A: 1) By calculating financial ratios an entity can easily compare it's performance with other entities…

Q: Financial accounting always discusses the events and transactions in terms of money where as cost &…

A: These are not for profit organisation which do not have motive of profit earnings from…

Q: The corporate disclosure practice will help all the stakeholders to understand and measure business…

A: Answer: The revenue recognition principle could be a cornerstone of accrual accounting beside the…

Q: When is revenue recognized by service provider? By a merchandiser? By a manufacturer? Differentiate…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What is the double entry system in accounting?

A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first…

Q: Management accounting information: A.helps shareholders make decisions B.is used by lenders to…

A: There are two main forms of accounting being used by the business. One is financial accounting and…

Q: You are a financial consultant. You are hired by a manufacturing company to assess its performance…

A: Financial Ratios There are different types of ratio which are used to measure the strength and…

Q: Factors that reflect the ability of a business to pay its debts and earn a reasonable amount of…

Q: An economic event or condition that directly changes the financial condition of the company or…

A: A company is a kind of business entity that runs its business operations in order to earn income.

Q: Determining the cost of producing specific products or providing services and analyzing for cost…

A: The answer is stated below: Note: Answering the first three subparts as there are…

Q: Using Positive Accounting Theory (PAT), describe the 'efficiency' and 'opportunistic' perspective'…

A: Positive accounting theory is that theory which is concerned with showing the choices of accounting…

Q: Explain how managers use the accounting standards to manage company’s earnings

A: In order to meet the financial expectation and keep the stock price up, the management may be…

Q: Why accounting information is so useful for the potential users of inside and outside the company…

A: Stockholders are considered to be the owners of shares of the capital stock of the corporation. They…

Q: Essay - cite sources: Besides earning a profit, what other objectives might a business have? How…

A: Profitable businesses sometimes go under because they don't remain competitive or advance with the…

Q: A company's stakeholders often differ in their financial statement focus. For example, some…

A: Balance sheet represent the financial position of the company how much of stakeholders funds are…

Q: Which of the following statement is true about purpose of accounting? Select one: a. The purpose…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Question

An identifiable part of the company for which financial information is available is called __________.

ANSWER

a business segment
the contribution margin
the gross profit
the profitability analysis
I DON'T KNOW YET

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

How is Profit Margin calculated and what does It measure? What are some of the sources where one can Find financial information? What is an operating cycle and how it is Calculated?
What is the importance of forecasting revenue and cost in the business?
_______________might be chosen by a company because it is easier to read. The single-step income statement The classification income statement The multiple-step income statement The business function income statement
Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of: Select one: O a. Financial reporting. O b. Financial statement analysis. O c. Auditing.
What is the accounting equation and discuss how it impacts on the operations of a business? 2. Why is liquidity critical for a business and how might this affect decision making? 3. Why is investment appraisal important to a business? Use examples to support your reasons. 4. What is meant by relevant costs and critically explain their role in decision making. 5. Discuss the benefits of the information contained in the Income Statement/Profit and Loss Account.
Which of the following is true of financial accounting information? Select one: a.It focuses on the past-oriented financial performance of a company. b.It is primarily used by managers to make internal business decisions. c.It is prepared based on cost-benefit analysis. d.It only measures the cash transactions of a company.
Which of the following is not a type of Management Report in QBO? Select one: a. Company Overview b. Expenses Performance c. Sales Performance d. Financial Review
Accounting function definition in a firm. Whence comes the function, and why is it required? What data is it providing?
How do you find total sales in financial accounting?
An economic event or condition that directly changes the financial condition of the company or directly affects its results of operations and should be recorded is called a/an ____________________. Group of answer choices accounting concept business transaction communication economic transaction
What is the difference between financial accounting and managerial accounting? How do they each contribute to a business's success?
Which of the accounting controls ensure that a company's resources are used efficiently and economically? Select one: a. All of the available choices b. Making use of any payment discounts that are available c. Paying bills on time Od. Bidding for suppliers