If the previous statement for your credit card had a balance of $560. you make purchases of $150 and make a payment of $50. the credit card has an apr of 21%. The finance charge for this month is: $11.55.
How to find the finance charge?Using this formula to find the finance charge
Finance charge = APR / 12 x ( Previous balance - Payments + Purchases)
Where:
APR /12 = .21/12 = 0.0175
Previous balance = $560
Payment = $50
Purchases = $150
Let plug in the formula
Finance charge = 0.0175 x (560 - 50 + 150 )
Finance charge = 0.0175 x 660
Finance Charge = $11.55
Therefore the finance charge is $11.55.
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which of the following is not a factor that should be considered in multinational capital budgeting? a. blocked funds b. exchange rate fluctuations c. inflation d. all of these are correct
blocked funds, exchange rate fluctuations, and inflation is not a factor that should be considered in multinational capital budgeting.
multinational capital budgetingMultinational Capital Budgeting (MCB) is a decision-making method in which financial managers assess long-term projects based on foreign countries that are worthy of investment.
Multinational corporations (MNCs) strive to invest outside their borders. This is due to their desire to make the greatest use of their limited resources.Capital budgeting employs five primary strategies. Capital Budgeting Methodologies Capital Budgeting is a company's strategy for reviewing investment or project-related choices by taking into account the investment to be made as well as the expenditures to be spent.
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a product family is all of these choices are correct. a. a set of parts or components that are assembled into one complete product. b. a group of products with similar manufacturing needs, for aggregate planning purposes. c. a sales and operations planning tool for ensurin
The four degrees or steps in production planning and control are: Routing, Scheduling, Dispatching, and.
What are the 3 components of the production process?The movie production manner can be divided into limitless steps to take a film from idea to a finished piece. However, there are three key ranges that take area in the production of any film: pre-production (planning), manufacturing (filming), and post-production (editing, color-grading, and visual effects).
The six phases of S&OP are product review, demand review, supply review, finance review, pre-S&OP, and government S&OP. Each section needs the others for the process, as a whole, to thrive. There are varying opinions on the genuine order of the steps, but their impact on each other stays the same.
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https://brainly.com/question/17738539#SPJ41. identify at least four risks that could jeopardize the project. 2. create a risk assessment matrix including a response plan for each of the risks.
Technical, external, organizational, and project management risks are the four main categories of project risks. There are a number of risk-specific examples within those four categories.
By hazards, what do you mean?Risk is defined as the potential for future earnings or outcome to differ from expectations. Risk is a measure of how much uncertainty an investor is willing to accept in order to make a profit from their investment. Risks come in a variety of forms and come from various circumstances.
Which of the four risk types are there?The top four risk categories are:
Strategic risk, such as a new competitor entering the market
Risk related to compliance and regulations, such as the introduction of new laws or regulations.
Financial risk, such as an increase in interest rates on your business loan or a customer who doesn't pay.
operational risk, such as the loss or malfunction of important equipment
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if a customer's debit card is lost or stolen and used without permission, the customer shall be required to pay no more than $50 in any event.
If a customer's debit card is lost or stolen and used without permission, the customer shall be required to pay no more than $50 in any event is a False statement.
If you think a debit or charge you made was not allowed, call your bank or card company right away. If a fraudster charges something to your account, you should deactivate the card and get a new one before any additional transactions occur.
Plastic money or currency, such as a debit card, is one type. In the absence of currency, you can utilize it to make purchases. To those who have a savings account, banks typically provide a debit card that is connected to their account. The statement for your bank account shows every transaction performed with your debit card.
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patsy banz owns 200 shares of a stock. for the last calendar quarter, the company paid a dividend of $0.45 a share. what is the total amount she received in her dividend check for this quarter?
The total amount received in the dividend check for this quarter will be $90.
Stocks are investments made by any individual. The stocks are bought or sold by using the call and put option respectively. There is a certain rate of interest on every stock and the value of the stocks differ according to the market value of the stock. Dividend is referred to as the distribution of the profits earned from the stock to the different holders of the stock. Now, Patsy Banz owned 200 stocks and the dividend was $0.45 per share.
The total amount is expressed as
Total amount = Number of stocks × Dividend per share
Total amount = 200 × $0.45
Total amount = $90
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which questions would be logical for a company to address when developing a sustainability vision? (check all that apply.)
The following questions would be logical for a company to address when developing a sustainability vision:
b. What is our major impact on society?
e. How is the world enriched by our goods or services?
Hence, B and E are correct answers.
An overarching declaration of what sustainability means to your company is a sustainability vision. It might seem like something that can be ignored, yet it forms the basis for all efforts to develop a more ethical brand.
Economic viability, environmental preservation, and social equality are the three pillars of sustainability, according to the graphic at the top of this page. Climate campaigner Laura Young "A sustainable future is one in which we safeguard the planet and people while ensuring that everyone lives in a just and environmentally friendly society. Through grassroots movements and community action, we will address the climate issue.
To conclude, , B and E are correct answers.
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The correct question is:
Which of the following questions would be logical for a company to address when developing a sustainability vision? (Check all that apply.)
Multiple select question.
a. How do our current costs account for inflation?
b. What is our major impact on society?
c. How does our business strategy reflect our impact on society?
d. When is the best time to analyze our competition?
e. How is the world enriched by our goods or services?
pigou's proposed solution to the negative externality problem is to set a tax select one: a. greater than the external cost b. equal to the external cost c. less than the external cost d. directly on pollution emission
Equal to external Cost, Pigou is a market tax that imposes an additional cost on those who aren't directly involved in the transaction, or a negative externality. Examples include taxes on carbon, sugar, and cigarettes.
How does the externality problem become resolved by a Pigouvian tax?Pigouvian taxes are primarily used to counteract market inefficiencies by raising the marginal private cost by the amount of the negative externality's production. The total social cost of the economic activity will be reflected in the final cost (original cost + tax) in this scenario.
What does a Pigovian tax serve?Any action that generates socially negative externalities is subject to a Pigouvian tax. Pigouvian taxes shift the burden of paying for these externalities from society to those who produce them. Examples of Pigouvian taxes include those on gas, carbon, and noise.
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assume that the government is implementing an expansionary fiscal policy and as a result has increased borrowing. at the same time, the central bank is carrying out a contractionary monetary policy. as a result, we can expect:
It is to be noted that assuming that the government is implementing an expansionary fiscal policy and as a result has increased borrowing. at the same time, the central bank is carrying out a contractionary monetary policy, one can expect that there will be an increase in interest rate.
How will the simultaneous execution of both policies lead to an increase in interest rates?If fiscal policy is expansionary and monetary policy is contractionary, interest rates will almost certainly rise since both measures contribute to raising interest rates. Interest rates will undoubtedly fall if fiscal policy is contractionary and monetary policy is expansionary. This is because, according to the Fisher formula, nominal and real interest rates fluctuate together in the short term (since wages and prices are upward sticky).
Expansionary fiscal policy is considered to be in effect when the government raises expenditures while decreasing tax rates in order to encourage economic growth. This boosts consumption as purchasing power rises.
Contractionary monetary policy is a macroeconomic technique used by a central bank, namely the Federal Reserve in the United States, to control inflation. The purpose is to reduce the economy's speed by limiting the money supply, or the quantity of cash and readily cashable funds flowing in the country.
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Perfectly competitive industries are:Group of answer choicesA. difficult to enter because there are already so many producers in the industry.B. not particularly appealing or attractive to enter because there tend to be so many buyers that it is difficult to deal with them.C. relatively easy to enter but not so easy to exit from.D. none of the aboveA perfectly competitive firm should increase its level of production as long asGroup of answer choicesA. total revenue is less than total cost.B. the total revenue curve is rising.C. marginal revenue is greater than marginal cost.D. the marginal revenue curve is rising.If firms are earning zero economic profits, they must be producing at an output level at which:Group of answer choicesA. price equals marginal cost.B. price equals average total cost.C. price equals average variable cost.D. marginal revenue equals marginal cost.Which of the following is a characteristic of perfect competition?Group of answer choicesA. many sellers and few buyersB. many buyers and few sellersC. a homogeneous productD. high barriers to entry and exitIn a perfectly competitive market, the market demand curve is perfectly elastic.Group of answer choicesA. TrueB. False
The correct response is D. none of the above. Perfect competition refers to a market where numerous businesses produce the same goods with little to no entry barriers.
According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices. When there are many sellers, it is simple for businesses to enter and leave the market, the products are the same from one seller to the next, and the sellers are price takers, perfect competition arises. A market structure with a lot of competitors selling the same or comparable products is referred to as ideal competition. Additionally, the market has little restrictions, which makes it simple for new competitors to enter the market.
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which of the following are correct about fixed costs? (i) they do not change with the level of production in the short run. (ii) they include variable costs. (iii) they are present even when the firm is producing zero units. (iv) they are irrelevant to marginal cost.
(i) they do not change with the level of production in the short run. (iii) they are present even when the firm is producing zero units. (iv) they are irrelevant to marginal cost are correct about fixed costs.
Fixed costs, also known as indirect costs or overhead costs in accounting and economics, are business expenses that are not dependent on the level of goods or services produced by the business. These expenses are frequently capital expenses.
Fixed costs are costs that do not change in relation to the amount produced. Examples include debt interest, property taxes, and rent. Context: Economists also add an appropriate return on capital to fixed costs, which is sufficient to keep the capital in its current use.
The correct answers are "(i),(ii) and (iii)" option.
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Child Play Inc. manufactures electronic toys within a relevant range of 134,400 to 218,400 toys per year. Within this range, the following partially completed manufacturing cost schedule has been prepared:
Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Toys produced 134,400 166,400 218,400
Total costs: Total variable costs $63,168 d. $ j. $
Total fixed costs 69,888 e. k.
Total costs $133,056 f. $ l. $
Cost per unit: Variable cost per unit a. $ g. $ m. $
Fixed cost per unit b. h. n.
Total cost per unit c. $ i. $ o. $
--------------------
Profit-Volume Chart
For the coming year, Loudermilk Inc. anticipates fixed costs of $600,000, a unit variable cost of $75, and a unit selling price of $125. The maximum sales within the relevant range are $2,500,000.
a. Determine the maximum possible operating loss.
$
b. Compute the maximum possible operating profit.
$
The cost schedule when completed will look like the below.
Toys produced 40,000 80,000 120,000
Total cost:
Total variable costs $720,000 $1,440,000 $2,160,000
Total fixed costs $600,000 $600,000 $600,000
Total costs $1,320,000 $2,040,000 $2,760,000
Cost per Unit:
Variable cost $18 $18 $18
Fixed cost $15 $7.50 $5
Total cost $33 $25.50 $23
No matter how many units are produced, fixed costs stay the same and do not change with the overall output. Any change in total output is proportionately reflected in variable costs. Variable costs will rise as overall output does.
Variable costs are calculated as the sum of all marginal costs for all produced units. They could be viewed as regular expenses as well. Costs that are constant and costs that are variable make up the total cost.
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this action allows the stock to be purchased on the open market and gives investors a chance to get a return of cash. a. liquidation b. ipo c. company registration d. exit plans and clauses
IPO: allows the stock to be purchased on the open market and gives investors a chance to get a return of cash.
An initial public offering (IPO) is the procedure of releasing fresh shares of stock to the public for the first time in a private firm. A corporation can raise equity funding from the general public through an IPO. Since there is often a share premium for present private investors, the transition from a private to a public firm can be a crucial period for private investors to completely realize rewards from their investment. Additionally, it enables public investors to take part in the sale. An organization is regarded as private before an IPO.
The business has expanded with a very small number of owners as a pre-IPO private company, comprising early investors like the founders, family, and friends as well as professional investors like
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capitalized interest should not be considered as part of interest in the times interest earned computation. true false
False, capitalized interest should not be included in the calculation of interest times interest earned.
What does the term "capitalizing interest" mean?Capitalization is the process of increasing your loan's main balance by the amount of unpaid interest. When payments are put off during intervals of deferment or moratorium and missed interest is capitalized, the original balance of a loan rises.
When does accruing interest become capitalized interest?Interest begins to accrue (increase) on your loan the moment it is delivered . Our Unpaid Extra may capitalize at specific times—when your separation or waiting period expires, or at the conclusion of forbearance or deferment. That implies that it is added to the current principal of your loan.
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which asset has the highest liquidity? group of answer choices 500 shares of apple stock deposits in a savings account a rembrandt painting a vacation home
The highest liquid asset is cash. group of potential solutions a savings account with 500 units of Apple stock, a Rembrandt picture, and a vacation home.
How do you define an asset?A investment is an asset having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful. A firm's balance sheet shows its assets. They are divided into current, permanent, financial, and intangible categories.
Which of these 5 asset types are they?Accounting terms for assets typically fall into one of 6 groups: financial assets, fixed assets, real wealth, intangibles, effects associated, and non-operating assets. Multiple categories may apply to your possessions. As an illustration, a construction is a fixed, physical asset.
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achievement budgets are typically prepared for a period of two to five years into the future and provide a long-term view about the direction of a business. true false
This statement is false.
A spending plan based on income and costs is called a budget. In other words, it's a projection of our expected earnings and spending over a specific time frame, like a month or a year.
Every firm needs a budget as a crucial management tool because it is a part of a long-term plan and projection.
The budget outlines how the overall plan will be carried out financially throughout the specified term, which could be annual, quarterly, or monthly.
Budgeting is crucial since it enables us to monitor our spending, keep tabs on our costs, and increase our savings.
Budgeting can also assist us in getting out of debt, planning for emergencies, making smarter financial decisions, and maintaining our long-term financial objectives.
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you have a $50,000 portfolio consisting of intel, ge and con edison. you put $20,000 in intel, $12,000 in ge and the rest in con edison. intel, ge and con edison have betas of 1.3, 1.0 and 0.8 respectively. what is your portfolio beta?
Portfolio Beta = (20/50)(1.3)+(12/50)(1.0)+(18/50)(0.8)=1.048
Why should I be concerned with my portfolio's beta?A portfolio's beta reveals how much more volatility it has relative to the market. The danger of your existing investments is represented by volatility. The more volatile your portfolio is (greater beta), the more dramatically it will fluctuate and record a loss in the event of a panic sale.
How do you define a high portfolio beta?A stock with a beta above 1.0 fluctuates more than the market over time. A stock's beta is a little less than 1.0 if it fluctuates less than the market. Low-beta stocks carry less risk but have lower potential returns whereas high-beta stocks are considered to carry greater risk but have larger potential returns.
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nonprofit organizations often cannot offer employees salaries equal to those at for-profit businesses, so they offer other such as generous unpaid leave days and high-status job titles.
The non profit organization They offer other generous unpaid leave days and high status job titles Is Extrinsic Rewards.
A non-profit organisation is a group that was established with the intention of making a profit, and in which no part of the organization's revenue is given to its directors, officials, or members. A non-profit organization's owners do not receive any income from it. Instead of using the money it gets for its own purposes, the group contributes it. Donations received may also be used by a not-for-profit organisation to maintain operations. The establishment of the groups may also be done to advance religious, cultural, or educational goals. Examples of these organizations are UNICEF and the American Red Cross.
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true or false: the effect on aggregate demand would be larger if the federal reserve held the money supply constant in response than if the fed were committed to maintaining a fixed interest rate.
The following statement "The effect on aggregate demand would be larger if the federal reserve held the money supply constant in response than if the fed were committed to maintaining a fixed interest rate" is false.
In this situation, interest rates will rise if the federal reserve maintains a stable money supply. As a result, private investment will be "crowded out," and the overall impact of more government spending on Aggregate Demand will be reduced.
Government control over borrowing rates will prevent the "crowding out" impact of private investment. There is no crowding-out effect of private investment, and the overall rise in government investment has a smaller impact on Aggregate Demand.
Therefore, if the Federal Reserve responded by keeping a steady money supply rather than being committed to maintaining a stable interest rate, the impact on overall demand would be minimal.
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in august 2006, the manufacturer of cross pens introduced the golden toned verve pen as featured in the stormbreaker film. in james bond fashion, the cross pen serves as one of the key gadgets in the film. the use of the cross pen is an example of:
The use of the cross pen is an example of: Product placement. Product placement is paid inclusion of brands in mass media programming.
Which phrase describes a group of similar commercials that center around a catchphrase and a set of promotional appeals?A coordinated sequence of advertisements with a common topic, catchphrase, and set of marketing appeals is known as an advertising campaign. Advertising goal: a particular communication task that a campaign should achieve for a given target audience over the course of a given time period.
In order to focus your message and marketing budget on the particular audience segment most likely to buy your product or service, targeted marketing entails investigating and comprehending the interests and wants of your potential clients.
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in a(n) policy approach, the company collecting the information does not use the information for any other purpose.
Since no directly identifying information is ever gained, some data are collected anonymously. More than just erasing direct identifiers may be required for de-identification.
What kind of law establishes, outlines, and controls obligations and rights?Legal rights and obligations are established, defined, and governed by substantive law. The rules that are applied to enforce substantive law are defined by procedural law. Statutory law against common law Judges establish common law.
Where do laws get their ideas, quizlet?Many people can propose legislation, including US citizens, NGOs, Congressional committees, Congressmen, and the President. Congress typically pays attention when numerous citizens or organisations ask for a law to be passed. It is presented as a bill if Congress approves of it.
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the people of the high-income countries, who represent 23 percent of the world's population, enjoy about how much of the world's income?
The people of the high-income countries, who represent 23 percent of the world's population, enjoy about 64% world's income.
In total, these nations account for 40% of the world's GDP and 23% of its growth over the past ten years.
What is high-income countries?
According to the World Bank, a country with a gross national income per capita in 2020 of US$12,696 or higher is considered to have a high-income economy. Although "high-income" and "First World" and "developed country" are sometimes used interchangeably, their technical definitions vary.
Per Capita Income is a measure used to calculate the average income per person in a country or region.
Examples
Luxembourg. Pixabay. The World Bank estimates that the small nation of Luxembourg will have 632,000 citizens by the year 2020, and that each one will have an annual disposable income of $48,860.
The European nation tucked between Belgium, France, and Germany has a GDP of $74 billion in 2020.
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a major advantage of making components and raw materials in-house is that the firm is not required to honor the protections of intellectual property.
a major advantage of making components and raw materials in-house is that the firm is not required to honor the protections of intellectual property. given statement is false.
Intellectual property: What is it?Intangible works of human intellect are included in the category of property known as intellectual property. Different nations recognize different kinds of intellectual property to varying degrees. The most well-known types include trade secrets, patents, copyrights, and trademarks.
Understanding how patents, trademarks, copyrights, and trade secrets function and are created is essential for learning how to protect these valuable firm assets.
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suppose you're a salesperson for an industrial machine manufacturer. how can you demonstrate to your customers your commitment to building mutually satisfying long-term relationships?
Suppose you're a salesperson for an industrial machine manufacturer, for building long-term relationships with customers, maintain regular contact with your customers and pay special attention after they've placed an order.
A manufacturer is a person or company that creates finished goods from raw materials using various tools, equipment, and processes, then sells the goods to consumers, wholesalers, distributors, retailers, or other manufacturers to create more complex goods.
A manufacturer is in charge of assembling finished goods such as laptops, refrigerators, or watches, as well as producing parts and components that other manufacturers use to create more complex products such as automobiles or aircraft.
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which of the following changes the short-run aggregate supply and shifts the sras curve? (i) a change in the price of a major input (ii) increases in the amount of capital (iii) a change in the income of consumers group of answer choices a) i only b) ii only c) iii only d) i and ii e) i, ii, and iii
The changes in the short-run aggregate supply and shifts in the sras curve are (ii) increases in the amount of capital b) ii only.
Aggregate supply is the total value of goods or offerings in a marketplace, area, or financial system. aggregate delivery is used to expose the number of products that may be produced at unique price stages in a given time period – commonly twelve months.
For example, a new technological development in automation may also allow a company to produce greater excellent or service by using lowering the fee of exertion. Conversely, a boom in the minimum wage should grow the price of exertions and, as a result, general manufacturing prices for a few suppliers reducing combination delivery.
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a strategy that identifies how a division or business unit will compete in its product or service domain is called a strategy.
Functional strategy identifies how a division or strategic business unit competes in its product or service area.
What is functional strategy?Functional strategy is the approach taken by business functions to achieve organizational and business unit goals and strategies by maximizing the productivity of their resources. This corresponds to a relatively limited plan that targets specific business functions.The R&D functional strategy is about innovation and new product development, as well as improvement of existing products. Examples of functional strategies in this area: Product development, diversification, market penetration.How do you develop your functional strategy?Then proceed step by step methodically
Step 1: Outline expectations. Step 2: Check your business context. Step 3: Set goals and objectives. Step 4: Make an action plan. Step 5: Evaluate your skills. Step 6: Establish actions and indicators.Step 7: Summarize your strategy on one page.Step 8: Please send the plan home.To learn more about functional strategy visit:
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what is the first step when developing a personal brand via social media? group of answer choices build a brand kit. examine what others are doing. be positive and consistent. conduct a personal online audit
Make your own online audit. When creating a personal brand on social media, this is the first step. Your personal brand statement must be simultaneously captivating.
Thorough, condensed, and memorable. For instance, "I help people reevaluate their life choices to find their true paths to achievement."For the growth of small audit, I draught long-term business and marketing plans. In a sea of social media profiles, having a personal brand can help you stand out and attract the interest of potential employers or clients. A personal brand is a strategy to market both your reputation and your professional accomplishments.
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price discrimination can be successful only if the company lacks market power. there are many sellers. the market is highly competitive. the product cannot be resold.
price discrimination can be successful if there are many sellers
Pricing customers differently for the same commodity or service according to what the vendor thinks they can convince the consumer to accept is a sales strategy known as price discrimination. When a business practises pure price discrimination, they impose the maximum price that each customer will accept.
There are three types of price discrimination: first-degree, second-degree, and third-degree. These degrees are also known by the labels customised pricing, product versioning or menu pricing, and group pricing. Price discrimination is only conceivable when customers from various submarkets are ready to pay different rates for the same good.
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s defined as nonpersonal communication focused on promoting positive relations between a firm and its stakeholders. multiple choice cold calling public relations relationship selling objections handling personal selling
The promotion mix includes: advertising, personal selling, sales promotion, and public relations.
In marketing, a mixture of promotional elements that marketers have selected to help a business achieve its goals is referred to as the "promotional mix.”It is well recognized that it belongs in the marketing mix. Since it is believed that there is a perfect way to distribute cash for the various elements of the promotional mix in order to receive the best marketing results, finding the correct mixture of these components can be challenging for marketers. Advertising, sales promotions, public relations, direct marketing, and personal selling are a few examples of its components. Public relations, sales promotion, personal selling, and advertising are all part of the promotion mix.
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brian has learned that on two different online review sites his company has more negative reviews than positive reviews. strategies brian can take include the following, except- improve its products and services
- point out where the negative review is incorrect and not believable
- respond with empathy and seek to resolve the issue
- try to take the conversation offlineAnswer: point out where the negative review is incorrect and not believable
Strategies brian can take include improving its products and services to point out where the negative review is incorrect and not believable.
A company is a prison entity shaped by means of a group of individuals to engage in and function a commercial enterprise—business or business—organisation. A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.
There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.
Typically recognized forms of agencies like, private agencies and Public agencies are defined based totally on a number of individuals (shareholders). In any company, besides OPC, the membership can be held by way of any man or woman or even a frame corporate.
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Strategies brian can take include improving its products and services to point out where the negative review is incorrect and not believable.
A company is a prison entity shaped by means of a group of individuals to engage in and function a commercial enterprise—business or business—organisation. A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.
There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.
Typically recognized forms of agencies like, private agencies and Public agencies are defined based totally on a number of individuals (shareholders). In any company, besides OPC, the membership can be held by way of any man or woman or even a frame corporate.
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at an advertising agency, you add several clients to your portfolio but they're across different categories. what's the correct way to structure the campaign manager 360 instances to make sure transferability is easy and simple?
The correct way is to create an agency account with multiple advertisers within the account.
Assets, liabilities, income, expenses and equity are all considered accounts in accounting. These elements are represented by different ledger tables, and changes in their values are recorded chronologically with debit and credit entries.
These entries, sometimes called messages, are added to the ledger or final entry book. A chart of accounts is a list of all financial accounts used by a particular business, group, or government agency. Accounting is the process of collecting, analyzing and reporting this data. Accountants are people who practice accounting.
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