Question: A friend learns that you are taking an accounting course. Knowing that you do not plan a career in accounting, the friend asks why you

A friend learns that you are taking an accounting course. Knowing that you do not plan a career in accounting, the friend asks why you are "wasting your time.'' Explain to the friend:
1. Why you are taking the course.
2. How accounting information is used or will be used:
a. In your personal life?
b. In the business life of your friend, who plans to be a farmer?
c. In the business life of another friend, who plans a career in sales?

Step by Step Solution

★★★★★

3.37 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 An understanding of accounting is required information for all areas of business including compute... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1211-B-C-A-O(1047).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

John was recently convicted by a jury of committing fraud against his employer. After the trial, it was revealed that some key evidence against John used in trial was obtained through his employers...

When Sara Yus father died suddenly, Sara had just completed the semester in college, so she stepped in to run the family business, AAA Couriers, until it could be sold. Under her fathers direction,...

When Sandra Costello's father died suddenly, Sandra had just completed the semester in college, so she stepped in to run the family business, Costello's Delivery Service, until it could be sold....

When Sara Yu's father died suddenly, Sara had just completed the semester in college, so she stepped in to run the family business, AAA Couriers, until it could be sold. Under her father's direction,...

2 A friend learns that you are taking an accounting course. Knowing that you do not plan a career in accounting, the friend asks why you are wasting your time. Explain to the friend: 1. Why you are...

CHAP TER 1 The Role of Human Resources HUMAN RESOURCE MANAGEMENT DAY TO DAY You have just been hired to work in the human resource department of a small company. You heard about the job through a...

\fNew research suggests that the most effective executives use a collection o f distinct leadership styles each in the right measure, at just the right time. Such flexibility is tough to put into...

Question One: (20 Marks] In chapter 5, you have studied the 4 creative problem-solving steps. You are requested to think about any problem you are currently facing (or you faced in the past) then do...

Question 1 Morality is Select one: A. Universal and basic to human relationships. B. Established by the common law. C. The system that protects property and people. D. The application of ethics to...

Please read attached and Critique: Write critique of the paper. Do you agree with the author that statistics is important? Why? Feel free to provide your own examples of a valuable statistical study....

q CHECK YOUR COMPREHENSION SELECTION 1 Philosophy 447 After reading the selection, answer the following questions with a, b, c, ord. To help you analyze your strengths and weaknesses, the question...

Why is the handling of sexual harassment cases considered complicated?

Modify the following block of code so that in the training data, you fill missing values in numerical variables with their median values. train.fillna (train.mean(), inplace=True)

Find an equation in slope - intercept form for the line. Through ( 1 , 4 ) , m = - 9

1. In April, Holderness Inc, a merchandising company, had sales of $316,000, selling expenses of $23,500, and administrative expenses of $34,500. The cost of merchandise purchased during the month...

a. Valuation Balance Sheet for AXA Life Insurance Company as at 31st March 2019. b. Find the Deficit / Surplus earned by the company for the period 2019. c. Comment on the changes of surplus earned...

Gummy Ltd (Gummy) manufactures and sells woodfires. It sells its woodfires to four markets: Market A, Market B, Market C, and Market D. Gummy has access to all four markets. The following information...

What is the key principle of motion economy?

Write in brief construction, working and applications of : a) hydraulic lift b) hydraulic jack

Discuss the problems involved in setting up and implementing a marketing control system.

Are there any accounts that would never have an adjusting entry? Explain.

On July 1, a client paid an advance payment (retainer) of $5,000 to cover future legal services. During the period, the company completed $3,500 of the agreed-on services for the client. There was no...

On September 1, a company received an advance rental payment of $12,000, to cover six months rent on an office building. There was no beginning balance in the Unearned Rent account for the period....

QUESHON 6110 Marks) The R&D department of laptop bag manufacturer is gathering feedback for their new design. 300 bags were distributed to their staff. Their age is between 21 and 49 years old. They...

Question 1 9 1 pts This is a software entity that contains data and procedures. Method Object Class Program

Please answer what is asked in each problems in number 4, 5, and 6. Thank you! 4. Sound waves from a basketball. An experiment was con- 6. Crude oil biodegradation. Refer to the Journal of Petroleum...