What is a line account and why is it important in financial analysis?
Question:
What is a line account and why is it important in financial analysis?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
A line account is a specific accounting code or category that collects and re...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
Question Posted:
Students also viewed these Business questions
-
What is a line of credit?
-
What is the continuity assumption and why is it important in financial accounting?
-
What is the period-of-time assumption and why is it important in financial accounting?
-
Congratulations! Your portfolio returned 11% last year, 2% better than the market return of 9%. Your portfolio had a standard deviation of earnings equal to 18%, and the risk-free rate is equal to...
-
Jay Banning, CEO, and a major stockholder of Banning, Inc., was unhappy with its operating results for the past year. The company manufactures two environmentally friendly industrial cleaning...
-
The following selected data are for Carducci Importers for its first three years of operations: Instructions Determine the missing amounts. Taking It Further What information does the owner of a...
-
Rat damage in sugarcane. Poisons are used to prevent rat damage in sugarcane fields. An agriculture department is investigating whether the rat poison should be located in the middle of the field or...
-
What is meant by the term transferred-out cost? Why does the transferred-out cost under the WA method include only one computation but the FIFO method includes multiple computations?
-
Accounting for Fixed Assets VMA Corporation purchased an office Equipment for Rs. 650,000 with estimated life of 10 years and salvage value of Rs. 50,000 on April 05, 2016. They used Straight Line...
-
The result of the function call pow(2, 3, 2) function is: ) 64 b) 0 c) Error, pow() takes only 2 arguments d) 4
-
Explain the differences between a Profit Center and Expense Center. Give examples.
-
Refer to the hotel organization chart in Chapter 3. Identify at least one hotel department that each Executive Committee Member is responsible for. Data from Chapter 3 General Manager Assistant...
-
A majority element in an array, A, of size N is an element that appears more than N/2 times (thus, there is at most one). For example, the array 3, 3, 4, 2, 4, 4, 2, 4, 4 has a majority element (4),...
-
Can anyone explain me how to calculate the ROI using the HISTORICAL COST NBV, the formula my instructor wants me to use is ADJ CF - HIST DEP /ASSETTOTAL - ACC DEP. And for the ROI of CURRENT COST NBV...
-
Consider the circuit to the right 3. If the total voltage supply in the circuit is 120V, and each resistor has a resistance of 400, what will the current read on each ammeter? |1= 12= 3 = 4. What...
-
1. The theory predicts the proportion of beans, in the four groups A, B, C and D should be 9:3:3:1. In an experiment among 1600 beans, the numbers in the four groups were 882, 313, 287 and 118. Does...
-
Would you recommend criminal charges in this case ( the screenshots below) and, if so, exactly which statutes against which person? Explain your reasoning (how the elements of the crime are met or...
-
check if each transaction is placed in the right place in each of the reports below and if there are any other mistakes in the different accounts after the first image which is a description of the...
-
(1) Draw NPV profiles for Franchises L and S. At what discount rate do the profiles cross? (2) Look at your NPV profile graph without referring to the actual NPVs and IRRs. Which franchise or...
-
Consider the activities undertaken by a medical clinic in your area. Required 1. Do you consider a job order cost accounting system appropriate for the clinic? 2. Identify as many factors as possible...
-
True Corporation, a wholly owned subsidiary of Trumaine Corporation, generated a $400,000 taxable loss in its first year of operations. True's activities and sales are restricted to State A, which...
-
Chang Corporation is part of a three-corporation unitary business. The group has a water's edge election in effect with respect to unitary State Q. State B does not apply the unitary concept with...
-
Using the following information from the books and records of Grande Corporation, determine Grandes total sales that are subject to State Cs sales tax. Grande operates a retail general store. Sales...
-
ACC 2 0 2 Milestone One: Operational Costs Data Appendix You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for...
-
Explain the following: Understand the PPE acquisition (or investing) cycle and related significant transactions and source documents Understand the relevant assertions/objectives about PPE balances...
-
Problem 3 Progress Company acquired 6 0 % of Stall Corporation on 1 2 0 2 0 . Fair values of Stall's assets and liabilities approximated book values on that date. Progress uses the initial value...
Study smarter with the SolutionInn App