Topic 1 dq 1 – acc 240 Study guides, Class notes & Summaries

Topic 1 DQ 1 – ACC 240 Specify your major and identify your career plans. Explain how accounting might help you in your career if you are not planning to be an accountant. What information provided in financial reports would help you in your business? After completing my degree, I hope to continue to work in the customer service industry. Accounting will be beneficial in my field of study because it is one ...

ACC 240 Topic 4 DQ 1 Topic 4 Participation 1). Describe the difference between gross profit and income from operations. Why would a company be concerned with gross profit rather than just overall income from operations? The difference in income and gross profit is that gross profit comes from subtracting your direct cost to produce your products from the income earned. On the other hand, income comes from the amount left over th...

ACC 240 Topic 4 DQ 1 Topic 4 Participation 1). Describe the difference between gross profit and income from operations. Why would a company be concerned with gross profit rather than just overall income from operations? The difference in income and gross profit is that gross profit comes from subtracting your direct cost to produce your products from the income earned. On the other hand, income comes from the amount left over th...

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. Financial plans can be made for an individual, a family, a gathering of individuals, a business, a legislature, a nation, a global association or pretty much whatever...

ACC 240 Topic 4 DQ 1 Topic 4 Participation 1). Describe the difference between gross profit and income from operations. Why would a company be concerned with gross profit rather than just overall income from operations? 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. 3). A short-term creditor 4). Ratio analysis

Topic 1 DQ 1 – ACC 240

Topic 1 DQ 1 – ACC 240 Specify your major and identify your career plans. Explain how accounting might help you in your career if you are not planning to be an accountant. What information provided in financial reports would help you in your business? After completing my degree, I hope to continue to work in the customer service industry. Accounting will be beneficial in my field of study because it is one ...

Topic 1 DQ 1 – ACC 240 Specify your major and identify your career plans. Explain how accounting might help you in your career if you are not planning to be an accountant. What information provided in financial reports would help you in your business?

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 the business. It allows employees who are in a higher position in the business such as managers or board of directors to discuss the financial aspect of the