ACC 240 TOPIC 1 DQ 1 - TOPIC 7DQ2| ALL VERRIFIED

Topic 1 DQ 2 – ACC 240 Accounting is often referred to as "the language of business." Explain in your own words what that expression means. Accounting is the language of business because it talks about the financial literacy of ...

ACC 240 Topic 2 DQ 1 Describe the major sections of the multistep income statement. Explain why it would be important for a company to break out its income in this manner. The expense of merchandise sold is isolated from the working costs and recorded in...

ACC 240 Topic 2 DQ 2 Describe what a classified balance sheet is. Also, explain why a classified balance sheet might be more advantageous to financial statement readers than the simple balance sheet. A classified balance sheet is a budget summary that reports resource, risk, and value accounts...

ACC 240 Topic 4 DQ 2 . Explain what is meant by the term "sustainable income". Why is it important to distinguish between sustainable income and actual net income? Is one more important than the other? Please explain. Sustainable income is a hard one to grasp bu...

ACC 240 Topic 5 DQ 2 • Explain the basic components of cost-volume-profit (CVP) analysis. Why is it important to determine a company's break-even point? CVP investigation is the investigation of impacts of changes in cost and volume on an organization's benefit. It is significant in decidi...

ACC 240 Topic 6 DQ 1 In your own words, explain what a budget is and why it is important for a business to have a budget. Reply "A spending plan is an assessment of income and cost over a predetermined future timeframe and is generally gathered and reexamined on an occasional premise. Financia...

ACC 240 Topic 6 DQ 2 Budgets are developed months before the end of the current year and are best guess estimates of future performance. What do you think might be some pitfalls of budgeting, and how can they be avoided? reply Building up a spending plan is a...

ACC 240 Topic 7 DQ 1 (Graded A+)

ACC 240 Topic 7 DQ 2 Making decisions often involves financial and nonfinancial factors. Provide a hypothetical example from your personal life of a situation in which you would consider both financial and nonfinancial factors. What factors would be considered? ...