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

ACC 240 Topic 2 DQ 1

ACC 240 Topic 7 DQ 1

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

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.

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.

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

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.

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.

ACC 240 Topic 7 DQ 1 Incremental analysis is used to help companies make decisions involving a choice among alternative courses of action. People use incremental analysis in their own personal decision making as well. Provide a hypothetical example from your personal life of how you might use incremental analysis in making a decision.

ACC 240 Topic 7 DQ 1 Incremental analysis is used to help companies make decisions involving a choice among alternative courses of action. People use incremental analysis in their own personal decision making as well. Provide a hypothetical example from your personal life of how you might use incremental analysis in making a decision.