Explain the difference between an open system and a closed

Assignment Help Accounting Basics
Reference no: EM13604922

Explain the difference between an open system and a closed system. Can you give an example of a closed system? How is the stakeholder approach related to the concept of open and closed systems?

Reference no: EM13604922

Questions Cloud

A 410-ml spherical flask contains 0075 mol of an ideal gas : a 410-ml spherical flask contains 0.075 mol of an ideal gas at a temperature of 313 k. what is the average force
Choose a public company in the food industry analyze the : choose a public company in the food industry. analyze the financial statements and assess whether the financial
A survey of 50 randomly selected people found the following : a survey of 50 randomly selected people found the following blood types. createa the bar chart that best displays the
A lens with a focal length of 15cm is placed 50cm in front : a lens with a focal length of 15cm is placed 50cm in front of a lens with a focal length of 5cm. how far from the
Explain the difference between an open system and a closed : explain the difference between an open system and a closed system. can you give an example of a closed system? how is
Write a function to generate lsquorock lsquopaper or : write a function to generate lsquorock lsquopaper or lsquoscissors each answer being equally likely. write a script
The table below shows the price of a volatile stock from : the table below shows the price of a volatile stock from the months january 1999 through december 1999 as determined by
Early management theorists believed that organizations : early management theorists believed that organizations should strive to be logical and rational with a place for
If fixed costs are 600000 and the unit contribution margin : if fixed costs are 600000 and the unit contribution margin is 12 what amount of units must be sold in order to realize

Reviews

Write a Review

Accounting Basics Questions & Answers

  Farrell company manufactures a product that sells for 50

farrell company manufactures a product that sells for 50 per unit. farrell incurs a variable cost per unit of 30 and

  Pedgrift company employs accounting system which charges

pedgrift company uses an accounting system that charges costs to the manager who has been delegated the authority to

  A company has the choice of either selling 1000 defective

a company has the choice of either selling 1000 defective units as scrap or rebuilding them. the company could sell the

  Discuss the facts and issues identify where the offer took

southwest industries inc. is a corporation that provides technical services. suppose mike youngblood and tdi technical

  Risks and liability factors in an audit

What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability factors?

  Pros and cons of consolidating financial statements

Why is it important to consolidate financial statements? When should financial statements be consolidated? What are the pros and cons of consolidating financial statements? Include limitations, if any.

  Pdf corp needs to replace an old lathe with a new more

pdf corp. needs to replace an old lathe with a new more efficient model. the old lathe was purchased for 50000 nine

  Cost of the departmental work in process inventory

Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of the departmental work in process inventory at the end of the pe..

  You are an accountant in a medium-sized manufacturing

you are an accountant in a medium-sized manufacturing company. you have been asked to mentor an accounting clerk who is

  The federal reserve refused to act as lender of last resort

The Federal Reserve refused to act as lender of last resort during the last crisis because Bernanke believed that bank executives had ripped off society. In addtion Bernanke feared the long term affects of moral hazard.

  Dawn is a driver for fast as we can delivery she is a

dawn is a driver for fast as we can delivery. she is a long-time employee and has the use of her delivery vehicle to

  Set of financial statements as possible

It has been said that many corporate executives seemed to believe that it was their job not to produce accurate financial statements for the auditors to certify, but rather to bully the auditors into certifying as aggressive a set of financial sta..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd