Question

Ssessment Think Critically 15. Why does a company need both accounting and finance personnel? What types of problems might occur if accounting and finance per sonnel do not cooperate and work effectively together? 16. Many types of activities occur in a business that result in the need for accounting transaction. Make a list of at least ten activities that would occur in a large retail store that would result in an accounting entry. Classify each as revenue moving in, revenue moving out, or an- other type of activity that results in a change in an account. 17. Assume that students in your school in performing their duties just examples of how that might affect the daily activities of students. 18. What does it mean that the board of directors represents the sharehold ers of a corporation? Do you believe that a focus on shareholders and profit may lead to the types of ethical problems that have been seen in some large corporations recently? Why or why not? 19. What is the difference between liquidity and profitability? How can a company that is liquid have problems with profitability? How can a profitable company have liquidity problems? an expected to exercise due care are as accountants are. Provide several Business Financial Calculations 20. Complete the following accounting equations by calculating the mis ing values. Owner's Equity Liabilities Assets $1,046,326 $583,221 $923,010 862,210 $210,990 $542,119 21. An accountant needs to convert financial transactions completed ina foreign currency to U.S. dollars. Calculate the values of each of the following transactions using the conversion rate provided. U.S. Dollar Conversion Transaction Foreign Currency Value Rate Amount

need 15.16.17.18.19 answer.thank you

Answer 1

Because of the
S The dierunu belwees tinanie and auounting io tha asounting Finanu Arerunting buoadu am ton h managem anelo and li abiLit 16 fe rmot day- -day flow O en aund aut молy the plamaing and the tompany. finanee n lookeung fouad and gnowing pot monuy >Acuural Lo mou aonunting aonling akudy about acuratG whar has a happened and nith Lau and olandard. têmpliane mit'gating Henu, Lompany hudb both au inanciat peronn ( depant auounting personnut and uiahi au auountig and menl beeauoe ino aua aue mou whwi finanee peeronnel and anali ao mоrи in6 Auount peopte Pupaeing inanial olalimenwhu Fran pepl upomible fon are aponaibl fon analying m

Both the dupautment peronnel aue nduan th netea thoul eaeh othu beeause poins all th above uofilabi and quiai iropoutant nanuíat metis o all businones and phould be qiven nueaed emphano maintain hem are lwo veung at dereHale Lavolo. The main di}beenus Liquidi j between puofitabii and arue Liquidi ly Liquidi feo the Lompany hao that qufctly and easly fuogitabiy ues pue which empany has made duing thi ycar which calulateod Rwenue-erpeaes) am eb a Lan tonveut o cah mthou oing vauue donu Liquiolitya balanu ohut ilim and not Lome plal ment ndSnote aCamScanner an Awitbalane-chut

Lquidily o moru mpoulent n h shont- un impoutant in th o1 the buinun businum quidig eash Miaswu miasuu fasition and how Liquid ib th Pestonmance om pany i mut anont.u doigatm LOTY Liquidi how wel dequee Poitabiy ao deguu 1 how wel he tom en empant opany io qineainy Convet l oalo enh cash margen uom ho iquiaig tempang PuORTabl Ao have acen that a meanu he Lash Co enen gour buinin th mour carh o eiois may laku plau Thats beause take n coneoluatien pogit magino Youin uitain wme and ex 'peres at a point en tima. lah flow, howeve o fui, Scanned with aeoler ando puudit, and ean change om

dipnding many nduoti os, payment no cinumdanus month - month Cон од: dayp uathu than imlant 30 en ipr ameny : Thi pаpe, ereuthing that can mean and ingvey wel but when Lomus auu paднol, мnt, be meting oveehead mueh ao mot actially debb ete the whe it niedo meny mighr ampany heing haing Henu, ust becense a oloeo not mean Liquioll anel viu-veo high iquidtly al n not nunauy odhing Liquid atio may ovely fouured a A unilting pro value A exy high a Liqud which can he efbeetie he ourinn alen dutimental ex pamirn and CS Scanned with CamScanner

Revenule Revenyu lahd it D finanuial autnte O ownu invelrel $10,000 n th u om et (caoh) Lempany eq uily tompany boнноико f», ртъ нот bank C gmuiane on Faneo LabUt D duuax Gmecane m j @ Сompany paid and puchased eдuipтоi 1,0 Соmpany mid sro unilo meuhandibe carh amet an Rerenu meichandse Reucnue mow S out ompany puchaoeg muehandioe en 'hano change udit lempany paid salaus lucnu n out bazm pemgi pařd Lint. Revenue mo out CamScanner

mpauy wldl meehandse on Cudit change change no no anpany paid eluai wala kevenu noveo aut. A boaid o dinulou o gнеч ов 18 endiridualoeueud to nupuerent ohauholdeir the pany. Thuse au chauhaldus upusen hauhotdss onurt and enruu thet thu compans On hibehaf olutuof Lom management aule board's ues that tall undu a enclude he hiring and iing o1 oenta exeutives, dindend policies Atoo нроmibe bon heyag bHoad oal, oupponaag" boaid o diuelous tonpoналion exeutive duti'as oet and omuing aduquali well -managed om pang unowrs at 6 diopoaal has cs Scanned with CamScanner
time limit, I could not answer the 17th question. Kindly post it separately along with the questions you need to be answered.