Which accounting system requires transactions to be handwritten into physical registers and books?

Answers

Answer 1

The accounting system that requires transactions to be handwritten into physical registers and books is manual accounting system.

What is a manual accounting system?

A manual accounting system is a system that uses physical books and registers to keep track of financial transactions. Accountants and bookkeepers write every transaction by hand, and they don't use computers, software, or other digital tools to manage their accounting.

The transactions are handwritten into physical registers and books in a manual accounting system. It is a time-consuming and error-prone process that requires extreme attention to detail. Since there is no automatic system to check for errors, everything must be double-checked and verified by hand.

Manual accounting systems are still used today, despite the fact that they are becoming increasingly obsolete. Many small businesses prefer to use manual systems because they are inexpensive and easy to use.

However, as businesses grow, it becomes increasingly difficult to keep track of all the financial information manually. As a result, most companies now use digital accounting systems to manage their financial information.

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Related Questions

Discuss the social views that influence our relationship​

Answers

Answer:

relationships with others influence how we communicate with them by many different factors. The relationship between people influence the way we interact with them. Giving hugs is generally for people you are close to, although you may shake someone's hand if you are not as close to them

Answer:

well what kind of relationship?

Explanation:

When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies
instead. This situation is an example of the
The supply curve slopes upward because at a higher price, producers have
to produce more.
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This
situation is an example of the

Answers

substitution effect The supply curve slopes upward because at a higher price, producers have an incentive to produce more.

Answer: Here go the right answer and I got it right

Explanation:

When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies instead. This situation is an example of the substitution effect.

The supply curve slopes upward because at a higher price, producers have an incentive to produce more.

The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the

income effect.

A _____ is composed of a group of people that seeks to influence the strategies of the government by getting people elected to official government positions.

Answers

A Political party is composed of a group of people that seeks to influence the strategies of the government by getting people elected to official government positions.

What are political parties called ?A political party is a group that organizes candidates to run for office in a given nation. Parties may support particular ideologies or political objectives, and it is typical for party members to share similar political views.As contemporary party organizations evolved and expanded around the world over the past several centuries, political parties have grown to play a significant role in the politics of practically every nation. Unpolitical parties are relatively uncommon in a nation. While some nations only have one political party, others have many. Both democracies and autocracies use parties in their political systems, however democracies often have more political parties than do autocracies.Parties can emerge from social differences that already exist, such as those between the poorer and upper classes, and by promoting cooperation among their members, they simplify the political decision-making process.

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Answer these you get 20 points!!! Please help me !! Please

Answer these you get 20 points!!! Please help me !! Please

Answers

1.) b
2.)c
3.)b
4.)I think d
5.) a maybe
6.)c

Why use a credit union rather than a bank?

Answers

Credit unions should be used rather than a bank because credit unions return its profits to their members in the form of cheaper fees, higher savings rates, and lower interest rates on loans.

According to the Credit Union National Association, 130 million Americans are members of credit unions, which are not-for-profit organizations that are owned by their members.

Banks are required to turn a profit for their shareholders, while credit unions are not required to do the same for their members. Instead, they want to charge as little as possible, have the highest possible savings rates, and the lowest possible lending interest rates.

Credit unions are required to keep their membership to a certain "field of membership." This can refer to a place of employment, a school or house of worship, a region, or membership in an association.

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Llego el momento de que escribas o grabes la propuesta de valor q propones para tu barrio , comunidad o region y señales de acuerdo con el ejemplo, comocumple con mejorar la calidad de vida de las personas, cual es el beneficio que otorga y cual es ese algo mas que entrega: -mejore la calidad de vida que es la relevancia

Answers

Proposal for improving the quality of life in my community by providing affordable and accessible mental health services, which will benefit individuals and families in need, and also promote overall well-being and social cohesion.

Access to mental health services is a fundamental aspect of a healthy and thriving community. Unfortunately, many individuals and families in my community do not have access to affordable and accessible mental health services, leading to unnecessary suffering and social isolation.

My proposal is to establish a community-based mental health center that provides high-quality mental health services at an affordable cost, with a particular emphasis on reaching out to vulnerable and marginalized populations. By providing such services, my proposal will benefit individuals and families in need, as well as promote overall well-being and social cohesion in my community.

In addition to the direct benefits of the proposed mental health services, the center will also serve as a hub for community engagement, providing a space for social activities and community-building events.

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How much does it cost to fly a dog internationally

Answers

Answer:

at least 3 watts

Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government

Answers

Answer:

A

Explanation:

Answer:

It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST

Explanation:

Also, if i'm right there is no need to thank me unless you want too

my bologna has a first name"" are the first words of a classic jingle advertising what company?

Answers

"My bologna has a first name, it's O-S-C-A-R" is the first line of a classic jingle advertising Oscar Mayer, a popular brand of processed meat products.

The jingle was created in 1973 and became one of the most recognizable and memorable advertising slogans in American history.

The jingle was accompanied by a cartoon character named "Little Oscar" who became a beloved mascot for the brand.

Oscar Mayer is still a popular brand today and continues to use the famous jingle in their advertising campaigns.

The jingle's catchy tune and clever lyrics have stood the test of time and remain a nostalgic reminder of a bygone era of advertising.

In just 140 words, I hope this answer has helped you learn a little bit more about the famous Oscar Mayer jingle!

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The Food and Drug Administration sets standards for
O advertising.
O product labeling.
O the environment.
O traffic safety.

Answers

Answer:

B. Product Labeling

Explanation:

From quizlet

The Food and Drug Administration sets standards for  product labeling.

What is product labeling?

Product labeling is the details information of what a products entails and this is often writing on the product.

Product labeling is an important standards set by  Food and Drug Administration as this help the consumer to be know the following:

The product ingredientHow healthy or unhealthy the product are etc

Inconclusion the Food and Drug Administration sets standards for  product labeling.

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Daisy McMillan works as the office manager for Timball and Lewis, a medium-sized law firm. One afternoon, she went to the hardware store to purchase a few maintenance items for the office. While there, she also bought her husband a hammer as a birthday present. At the register, the items, including the hammer, totaled $63. She paid for all the items together and received both a carbon copy receipt and a separate credit card receipt. Back at the office, she carefully scratched additional numbers on to the carbon copy receipt to increase the total price to $168 and turned in the altered receipt for reimbursement. Several weeks later, she turned in the credit card receipt along with another reimbursement request for the $63. What type of expense reimbursement fraud did she commit

Answers

Answer:

all of the above

Explanation:

found it on quizlet

Business law is a vast body of state and federal law governing business activities that includes statutes (codes), common law, court cases, and: Choose 2 answers. Not all correct answers selected corporate citizenship. regulations. constitutions. ethics.

Answers

Business law is a vast body of state and federal law governing business activities that includes statutes (codes), common law, court cases, The correct answers are regulations and ethics.

Business law encompasses various sources of law, including statutes (codes), common law, court cases, and regulations. Regulations refer to rules and guidelines issued by governmental agencies that have the force of law and provide specific requirements and standards for conducting business activities. These regulations are created to ensure compliance with legal and safety standards and cover areas such as employment, environmental protection, consumer protection, and more.

Ethics, although not a source of law itself, is an important consideration within business law. Ethics refers to principles and standards of conduct that guide ethical decision-making in business. While not legally binding, ethical considerations play a crucial role in business practices and decision-making, as they reflect values, integrity, and social responsibility.

Corporate citizenship and constitutions, while relevant in the broader context of business and law, are not directly associated with the sources of law in the given options.

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zach company owns 40% of the voting stock of tomas corporation and uses the equity method in recording this investment. tomas corporation reported a $16,800 net loss. zach company's entry would include a

Answers

The correct option is B, Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $16,800 net loss. Zach Company's entry would include credit to the investment account for $6,720.

The equity method is an accounting technique used to account for investments in associated companies. It is used when an investor holds a significant stake in another company and has significant influence over that company’s operating and financial policies. Under the equity method, the investor records its share of the investee’s profits or losses in its own financial statements, instead of just recording the original investment cost.

This method is based on the premise that the investor has the ability to influence the investee’s operations and financial results. The investor’s share of the profits or losses is calculated by multiplying the investee’s profits or losses by the investor’s ownership percentage. The investor also records the adjustments to the original investment cost when the investee’s profits or losses are recorded in the investor’s financial statements. The equity method is used to better reflect the true economic performance of the investor’s investment in the investee.

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Complete Answer:

Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $16,800 net loss. Zach Company's entry would include a

a. credit to cash for $6,720

b. credit to the investment account for $6,720

c. credit to a loss account for $6,720

d. debit to the investment account for $6,720

Do you think you would feel guilty if you attempted to become “personal friends” with a client and/or potential client as a way to “sway” them to become your client? Explain.

Answers

Answer:

no, no I wouldn't

Explanation:

hell I wouldn't be guilty even if I robbed a bank

Question 5 of 10
Bill is making $100 a week, and is saving for a $500 expense. How long will it
take him to save up enough money if he saves everything he earns?
A. Almost a year
OB. Less than 5 weeks
OC. Exactly 5 weeks
D. More than 5 weeks

Answers

It will take Bill Exactly 5 weeks

How to solve for the period

We're told that Bill is earning $100 per week, so we can use that information to figure out how much he'll be able to save each week. Since he's saving everything he earns, we know that he'll be able to save the entire $100 each week.

To find out how long it will take him to save up $500, we can divide the total amount he needs to save ($500) by the amount he can save each week ($100):

$500 / $100 per week = 5 weeks

So it will take Bill exactly 5 weeks to save up enough money for his $500 expense. Therefore, the answer is option (C) Exactly 5 weeks.

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process
of dividing a large market into smaller groups ​

Answers

Answer:

Market segmentation

Explanation:

Market segmentation, the process of dividing a larger market into smaller pieces based on one or more meaningful, shared characteristics, is a way of life for almost all marketers in both consumer and business-to-business markets.

can you please mark me 'Brainliest'? thanks

Maria Elena has been hired as a manager in the accounts receivable department, where she maintains the company’s financial records. Her activities as an accounting manager are often also referred to as part of which common business functional area?A. marketingB. personnel managementC. operations/productionD. finance/accounting

Answers

Maria Elena has been hired as an accounting manager to maintain the company's financial records. Her activities as an accounting manager are often referred to as part of the d. finance/accounting business functional area.

A functional area is a part of a business where a certain activity is performed, a business has several functional areas that work together to achieve organizational objectives. As a result, the functional areas must be well-coordinated to achieve the organization's goals. Each functional area has its own set of goals and objectives. When the functional areas work together, the organization's overall goals and objectives are achieved. Some of the functional areas are finance and accounting, personnel management, marketing, operations/production, and customer service.

Business functional areas work together to ensure that the business achieves its goals and objectives. The finance and accounting functional area is responsible for keeping track of the company's financial information. An accounting manager, such as Maria Elena, is in charge of maintaining the company's financial records. Therefore, her activities as an accounting manager are often referred to as part of the finance and accounting business functional area. The correct answer is D. finance/accounting.

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What is the best thing to do with matured savings bonds?

Answers

The best thing to do with matured savings bonds is to redeem them.

Once your bond matures, you can keep it, but you won't get any more interest. Savings bonds cannot be spent without being redeemed, thus from that perspective, the value of your bonds would be seen as "secure."

On the other side, if your bond isn't redeemed, you'll miss out on other opportunities to earn money. Holding a bond that earns nothing and is openly losing money to inflation every day doesn't make much sense with inflation as high as it is right now.

Last but not least, whether you redeem your bonds or not, you will be responsible for paying taxes on them when they mature. Include any earned interest that was previously unreported on your tax return for the year of maturity.

If you don't, you risk incurring a tax underpayment fine. Hence, the best option is to redeem them.

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high and rising domestic interest rates resulting from large budget deficits are most likely to cause:

Answers

High and rising domestic interest rates resulting from large budget deficits are most likely to cause a rise in the cost of borrowing for both businesses and consumers, which can slow down economic growth.

When a country has a large budget deficit, it needs to borrow money from investors to finance its spending. This increases the demand for government bonds, which can drive up their prices and lower their yields. As yields increase, the cost of borrowing for both businesses and consumers also rises, making it more expensive to finance loans, investments, and other economic activities.

Higher interest rates can also lead to a stronger currency, which can make a country's exports more expensive and less competitive in global markets. This can lead to a decline in exports and slower economic growth. Overall, high and rising domestic interest rates resulting from large budget deficits can create a range of economic challenges, including slower growth, higher unemployment, and increased pressure on the government to reduce its spending and balance its budget.  

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Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?

Answers

Answer:

The accountant federation

The best time to begin a self improvement plan is when ______.
a. You are going to be fired from your job
b. You have been reprimanded by your boss
c. You have disappointed your friends
d. You think you need to improve to meet a career goal

Answers

Answer:

D. when you think you need to improve to meet a career goal

Explanation:

Answer:

DDDDDDDDD

Explanation:

the net effect of most of franklin roosevelt's early foreign policy moves was that

Answers

The net effect of most of Franklin Roosevelt's early foreign policy moves was to remove the United States from a position of isolationism and to actively intervene in global affairs.

Franklin D. Roosevelt was the United States' thirty-second president. Before he became president in 1933, the United States had chosen to isolate itself from global events after World War I. Roosevelt was elected to three presidential terms and, with his New Deal and foreign policy interventions, transformed the role of the federal government during the Great Depression.

Roosevelt started taking a number of actions on foreign policy very early in his presidency. In 1933, he announced that the United States would cease participation in the London Economic Conference and seek to increase trade outside of Europe. He also recognized the Soviet Union in 1933 and extended diplomatic recognition to the Communist government.The United States would no longer be a country of isolationism as a result of Roosevelt's early foreign policy actions. As a result of Roosevelt's actions, the US would become increasingly engaged in global affairs, with Roosevelt at the helm.

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Macaulay’s duration is less than the modified duration except for:a . Zero-coupon bonds.b. Premium bonds.c. Bonds selling at par value.d. None of the above.

Answers

Macaulay's duration measures the weighted average time until a bond's cash flows are received, while modified duration measures the price sensitivity of a bond with respect to changes in interest rates. The correct answer is a. Zero-coupon bonds

For zero-coupon bonds, there are no coupon payments, and the bond's entire cash flow is received at maturity.

In this case, Macaulay's duration is equal to the bond's time to maturity. Since there are no cash flows before maturity, the modified duration is also equal to the time to maturity. Thus, for zero-coupon bonds, Macaulay's duration is the same as the modified duration. In all other cases (premium bonds, bonds selling at par value), Macaulay's duration is less than the modified duration.

The correct answer is a. Zero-coupon bonds.

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pricing is the only element of the marketing mix which gives a)rupee b) cost c) price d) sales revenue​

Answers

A....sorry if I’m wrong

Give an overview of the Key Performance Indicators (KPI) that your organisation uses in evaluating the performance of its suppliers

Answers

These Key Performance Indicators (KPIs) may vary based on the industry, organizational goals, and specific supplier relationships. Some commonly used KPIs in supplier performance evaluation are on-time delivery, quality performance, and financial stability.

On-time Delivery: This KPI measures the supplier's ability to deliver goods or services according to the agreed-upon schedule.

Quality Performance: This KPI evaluates the quality of the products or services provided by the supplier.

Financial Stability: This KPI assesses the financial health and stability of the supplier.

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Nonconstant Dividend Growth Valuation Conroy Consulting Corporation (CCC) has a current dividend of Do =$2.80. Shareholders require a 10% rate of return. Although the dividend has been growing at a rate of 30% per year in recent years, this growth rate is expected to last only for another 2 years (90,1=91,2=30%). After Year 2 , the growth rate will stabilize at g L=8% a. What is CCC's stock worth today? Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. What is the expected stock price at Year 1 ? Do not round intermediate calculations. Round your answer to the nearest cent. 5 c. What is the Year 1 expected (1) dividend yield, (2) capital gains yield, and (3) total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividend yield: Capital gains yield: Total return: d. What is its expected dividend yield for the second year? The expected capital gains yield? The expected total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividend yield: Capital gains yield: Total return:

Answers

Conroy Consulting Corporation (CCC) has a stock value of $652.82 today, an expected stock price of $650.58 at Year 1, and expected returns for Year 1 and Year 2.

To calculate the stock value, expected stock price, and returns for Conroy Consulting Corporation (CCC), we can follow these steps:

a. Stock value today (P0):

To calculate the stock value today, we need to find the present value of the expected dividends. Given the dividend growth rate and required rate of return, we can use the dividend discount model (DDM).

P0 = D1 / (1 + r) + D2 / (1 + r)^2 + P2 / (1 + r)^2

  = $2.80 / (1 + 0.10) + $2.80 * (1 + 0.30) / (1 + 0.10)^2 + ($2.80 * (1 + 0.30)^2) / (0.10 - 0.08) / (1 + 0.10)^2

  = $2.80 / 1.10 + $3.64 / 1.21 + $15.61 / 0.02 / 1.21

  = $2.54 + $3.01 + $647.27

  = $652.82

Therefore, CCC's stock is worth $652.82 today.

b. Expected stock price at Year 1 (P1):

To calculate the expected stock price at Year 1, we use the same formula but with only the Year 1 dividend.

P1 = D2 / (1 + r) + P2 / (1 + r)^2

  = $2.80 * (1 + 0.30) / (1 + 0.10) + ($2.80 * (1 + 0.30)^2) / (0.10 - 0.08) / (1 + 0.10)^2

  = $3.64 / 1.10 + $15.61 / 0.02 / 1.21

  = $3.31 + $647.27

  = $650.58

Therefore, the expected stock price at Year 1 is $650.58.

c. Year 1 expected returns:

Dividend yield = D1 / P0

D1 = $2.80 * (1 + 0.30) = $3.64

Dividend yield = $3.64 / $652.82 = 0.00558 or 0.56%

Capital gains yield = (P1 - P0) / P0

Capital gains yield = ($650.58 - $652.82) / $652.82 = -0.00344 or -0.34%

Total return = Dividend yield + Capital gains yield

Total return = 0.56% - 0.34% = 0.22% or 0.0022

d. Expected dividend yield, capital gains yield, and total return for Year 2:

Dividend yield = D2 / P1

D2 = $2.80 * (1 + 0.30)^2 = $15.61

Dividend yield = $15.61 / $650.58 = 0.024 or 2.4%

Capital gains yield = gL = 8% = 0.08

Total return = Dividend yield + Capital gains yield

Total return = 2.4% + 8% = 10.4% or 0.104

Therefore, for Year 2, the expected dividend yield is 2.4%, the expected capital gains yield is 8%, and the expected total return is 10.4%.


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If you want to encourage casual fans to sample Major League Baseball games, what other promotions might be effective?

Does offering significant

ticket discounts or cheap concessions send a message to fans? If so, what is it?

Answers

Hi! To encourage casual fans to sample Major League Baseball games, several promotions can be effective, in addition to offering significant ticket discounts. Here are some promotional ideas:

1. Family Packages: Offer discounted family packages that include tickets and concessions, making it more affordable for families to attend games together.

2. Giveaways: Host special giveaway events, such as bobblehead nights or T-shirt giveaways, to entice casual fans to attend games for the novelty items.

3. Theme Nights: Organize theme nights, such as "Star Wars Night" or "Superhero Night," to attract fans who may have an interest in those themes but not necessarily baseball.

4. Partnerships with local businesses: Collaborate with local businesses to offer promotions or discounts for their customers who attend a baseball game.

5. Social Media Contests: Engage fans through social media contests where they can win free tickets or exclusive merchandise.

6. Community Outreach: Host community events or partner with local charities to increase awareness and create positive associations with the team.

By offering significant ticket discounts and cheap concessions, Major League Baseball games send a message to fans that they value their support and want to make the experience accessible and enjoyable for a wider audience. This can help to attract casual fans who may not have previously considered attending a game due to cost or lack of interest.    

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Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.

Answers

Answer:

Option B !!!!! :))

Explanation:

Please help with all 3 bullet points
You have been invited to speak to a group of Managers at Paychex about increasing the business’s commitment to improved employee health benefits by increasing the opportunity to work remotely.
How will you appeal to their pathos?
How will you appeal to their ethos?
How will you appeal to their logos?

Answers

To appeal to the managers' pathos, I would emphasize the positive impact of remote work on employees' well-being, work-life balance and overall happiness.

How can remote work benefit employees' well-being and happiness?

As managers, we must recognize the profound influence of employee well-being on their productivity and loyalty. By increasing the opportunity of work remotely, we offer employees a better work-life balance and flexibility.

This lead to reduced stress levels, increased job satisfaction and improved mental health. Remote work allows employees to save commuting time, spend more quality time with their families and achieve a greater sense of control over their lives.

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outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
Other Questions
Suppose the inverse demand curve on ore is given by P = X - 0.19 Q. Ore can be either mined or obtained through a recycling program. The marginal cost of mining is MC1 = 7 q1. The marginal cost of obtaining ore through recycling is MC2 = 35 + 3 q2. What should be a maximum value of X so that recycling is NOT cost-effective? Complete the sentence about bias and equity.To reduce bias in computational artifacts, mentally and physically challenged individuals need to be able to as many aspects of the artifact as possible.DevelopControl Accomdate Which of the following is not a pair of co-prime ? (5,7) (11,13) (6,8) What is the final step for creating a chart in PowerPoint? Help Asap! jsksksmmwmwmwl of the six key traits of leadership, which is the foundation of all good leaders? determination sociability integrity charisma Q4.134 marks) A high speed rotating machine weighs 1500 kg and is mounted on insulator springs with negligible mass. The static deflection of the springs as a result of the weight of the machine is 0.4 mm. The rotating part is unbalanced such that its equivalent unbalanced mass is 2.5 kg mass located at 500 mm from the axis of rotation. If the rotational speed of the machine is 1450 rpm, determine: a) The stiffness of the springs in N/m. (4 marks) b) The vertical vibration undamped natural frequency of the machine-spring system, in rad/sec and H2 (4 marks) c) The machine angular velocity in rad/s and centrifugal force in N resulting from the rotation of the unbalanced mass when the system is in operation. [6 marks] d) Find the steady state amplitude of the vibration in mm as a result of this sinusoidal centrifugal force (10 marks] It is decided to reduce the amplitude of vibration to 1 mm by adding dampers. Calculate the required viscous damping C in kN.5/m. [10 marks] Identify the y-intercept What do you think happened in the years when the Nile river did not flood? One structured approach for integrating customer requirements into every aspect of product development is: who were the candidates for president in 1860? where did each get most of his support? what were the results of the election Scorcese Inc. is involved in a lawsuit at December 31, 2020. (a) Prepare the December 31 entry assuming it is probable that Scorcese will be liable for $900,000 as a result of this suit. (b) Prepare the December 31 entry, if any, assuming it is not probable that Scorcese will be liable for any payment as a result of this suit. When 1760 is divided into 14 equal parts, the remainder is 10. What is a correct way to write the quotient. Company U and company L are identical in every respect except company U is unlevered and company L has $8,000,000 perpetual debt with an interest rate of 4%. Both companies are expecting to have an EBIT of $1,200,000 in perpetuity and all earnings will be immediately distributed to common shareholders. Company U has a cost of equity of 6%. Assume that all Modigliani and Miller assumptions are satisfied. Calculate the cost of equity for the levered firm according to MM proposition II without taxes. Round TwoDocument C: Abbey Records1.When was this document written? By whom?2. What kind of document is it? What do you think the purpose was for writing it?3.Which textbook account (A or B) does this document corroborate, or more clearlymatch, with? How and Why?4.Do you think it is a reliable piece of evidence? Why or Why not? Can someone please help me ASAP? Its due tomorrow!! I will give brainliest if its correct Tutorial Questions - Accounting ConceptI am kindly requesting your assistance to answer the below Fundamentals of Accounting tutorial question.The following narratives represent situations that may confront you as an accountant. You are required to identify and explain the accounting concept or principle that would guide you in your response to each of the situations.a. A case of food poisoning occurred in your restaurant. The firm is being sued by a number of clients who were affected. The anticipated cost from this lawsuit is not yet ascertained although a judgment again the firm seems certain and will significantly erode the firm's liquidity and financial position in the short run.. Should the firm make a disclosure of this situation at the end of the year? How may this be done ?b. The firm has traditionally depreciated its fixed assets using the straight line method. However this year the firm is contemplating a change to the reducing balance method as this would allow for the reporting of a greater net income. What would be your initial response to this situation? Is there any justification to support this proposition?c. The company has two motor vehicles which were acquired on hire purchase. These have not yet been fully paid for, and the supplier still has a lien on them. However the vehicles are in use in the business. Should these motor vehicles be shown among the assets?. In line with the answer, what is an appropriate definition of the term asset'?d. Several minor expenses have been paid for, and classified under a common heading called miscellaneous expenses, as they were each of small amounts. Should the firm maintain a register of the receipts or proof of payment for these transactions? Explain some of the long term benefits of doing do? .e. While carrying out its stock taking at the end of the year, a jewelry store encountered a few reams of paper and boxes pens among its cache of jewelry and watches. Should these items of stationery be included in the closing stock or should they be written off as office expense for the period?f. The construction manager for a housing project is upset about that fact that his work is being interrupted so often by the accounting department, //as he is being asked to provide updates on work in progress. He argues that most jobs are being done on long term contracts, and the production department usually submit a completion report at the end of each job, often times up to two year. Does the construction manager have a valid point? When a plumber is called, the cost of the service call is $50 for him to show up at your house, plus an additional $25 per hour.What is the slope ?y is the total cost of the service call and x is the number of hours the plumber is at your home What was the conflict between the classical tradition (ancient science) and Islam or Christianity? What was the relationship between science and religion during the medieval period? Suppose the market is competitive. Sketch the supply and demand and state the equilibrium quantity. Suppose the market is competitive. Sketch the supply and demand and state the equilibrium quantity. 1.) Using the multipoint drawing tool, graph the market demand from the four hospitals. Label your line 'Demand'. (Use the "Esc" key after you have placed your last point to exit the drawing tool.) 2.) Using the multipoint drawing tool, graph the market supply of the four producers. Label your line 'Supply'. (Use the "Esc" key after you have placed your last point to exit the drawing tool.) The equilibrium quantity of ventilators sold is units. Carefully follow the instructions above and only draw the required pbjects.