On September 1, 20X1, a firm purchased a 1-year insurance policy for $6,000 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 20X1, is Multiple Choice $500. $2,000. $4,000. $6,000. PrevQuestion 14 of 20 Total14 of 20Visit question mapNext

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?