why is it important to maintain proper financial records

Answers

Answer 1

Answer:

It is important because you need good records to prepare accurate financial statements

Answer 2
You need good records to prepare accurate financial statements. These include income statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business.

Related Questions

Senator Kaufman spearheaded the Senate's investigation of Wall Street. But, he was appointed and not elected. He did NOT receive any campaign donations. How might this have influenced his ability to investigate financial crime? How might it have been different for elected officials? You CANNOT use websites or Wikipedia. You MUST use credible sources, journals, databases, books, etc...

Answers

Answer:

For not receiving any financial help from the grantees, senator Kauffman hands were not tied neither was he unburdened or pressured by the outside forces to undermine the white collar crime investigations.

Step-by-step explanation

In the US the elites that is the political class, bankers and the individual funders do have influence over the State representatives due to their huge donations used in campaigns. In this case Senator Kaufman did not campaign but rather was appointed hence he did not receive any financial help from any third party, therefore his only commitment was to deliver the work he was appointed for.  

This differs from other leaders because their allegiance is swayed as they try to please their donors for example; elected officials who received donations from NRA went against the bills that would limit their access to particular weapons.

is it necessary for California to have both the ICS and SEMS? ​

Answers

Answer:

To respond to frequent and multiple disasters that occur at any time and anywhere in the state, it is important that emergency response agencies operate within a clear and consistent organizational structure. Public agencies are increasingly forced to manage the costs of emergencies more effectively with fewer resources. Many different agencies must work together effectively to protect lives, property, and the environment during disasters. SEMS facilitates priority setting, inter-agency cooperation, and the efficient flow of resources and information.

SEMS is the cornerstone of the California emergency response system and the fundamental structure for the response phase of emergency management. The system unites all elements of the California emergency management community into a single integrated system and standardizes key elements.

Incident Command System (ICS): an emergency response system at the field level based on management by objectives

Multi / interagency coordination: Affected agencies working together to coordinate resource allocation and emergency response activities.

Mutual Aid: A system to obtain additional emergency resources from unaffected jurisdictions.

Explanation:

Operational area concept: the county and its subdivisions to coordinate damage information, resource requests and emergency response. California law defines the Operating Area (OA) as all political jurisdictions within the limits of a given county. Since the near response is preferred over the farthest response, the necessary resources are sought first within the Operational Area. Since the AB does not exist, other than as a planning structure, someone must fulfill the role when necessary. Usually this is the county government. The Yolo County EOC, in addition to directly supporting operations in unincorporated areas, acts as the operational area EOC to facilitate requests for resources and information among the county, cities, and special districts. If the resource cannot be found within the OA, a request is made to the next higher level.

The California Emergency Management Agency (CalEMA) has divided California into six mutual aid regions, each of which is assigned to one of the three administrative regions. Yolo County is in Region IV Mutual Aid Region, part of the Interior Administrative Region. If the resource cannot be found within the Region, a request is made to the next higher level.

State: At this point, the request is made to other regions of the state to find the necessary resource.

Similar to requests for resources, information flows along the same chain. This allows CalEMA to know what is happening across the state, while keeping communications manageable. Similarly, they can distribute information across the chain.

Other aspects of SEMS include the Incident Command System (ICS), a structure for organizing a response. SEMS also includes the Unified Command concept, where all agencies responding to the scene of an incident coordinate their actions as a single plan, rather than multiple efforts taking place at the same location.

Explanation:

Answer:

Local agencies are encouraged to implement SEMS, but are not required to do so under law. Use of SEMS by local government agencies is required to obtain state reimbursement for response related personnel costs.

Explanation:

Cecil is preoccupied with thoughts of jumping out the window of his tenth-floor apartment. In order to reduce his anxiety, he frequently counts his heartbeats aloud. Cecil would most likely be diagnosed as experiencing a(n): panic disorder panic disorder bipolar disorder bipolar disorder generalized anxiety disorder generalized anxiety disorder obsessive-compulsive disorder

Answers

Answer:

obsessive-compulsive disorder

Explanation:

Obsessive-compulsive disorder (OCD) -

It is a type of mental condition, which leads to continuous reoccurrence of unwanted feelings or thoughts, is refereed to as Obsessive-compulsive disorder.

In this disorder, the person tries to do the specific thing again and again, in order to satisfy themselves and their anxiety.

The example of OCD is like, continuous thinking of a particular thing, or biting nail.

Hence, from the given scenario of the question,

Cecil is suffering from obsessive-compulsive disorder.

Using a Web browser or library research tool, identify the disasters that occur regularly in your area. Prioritize this list based on probability of occurrence and potential damage. What should organizations in your area do to prepare for these disasters?

Answers

Answer and Explanation:

My region has problems with rainwater drainage, which means that there is a high risk of flooding whenever it starts in a rainy season. These floods cause great damage to houses and buildings in the region, which are constantly damaged. In addition, residents suffer a great economic loss from the damage to their homes and furniture, in addition to the risk of contracting various diseases. It is necessary that the city government takes responsibility for this and promotes the installation of a correct drainage system in the city to prevent this from happening. Although this is a problem that occurs frequently, the city government has failed to solve it, which reinforces the need for pressure on government officials to take measures

What city do you find at 92.1º W, 46.7° N? *
Washburn
Madison
Superior
Ashland

Answers

If I’m wrong please correct me. I think it’s Ashland ?

I NEED HELP ASAP.
ILL GIVE YOU 20 POINTS

Answers

Answer:

bet

Explanation:

¿Es el sistema de clasificación de dominios y reinos el único sistema que los científicos han utilizado para clasificar organismos?​

Answers

Answer:

Is the domain and kingdom classification system the only system that scientists have used to classify organisms?

Explanation:

Factors leading to xenophobia​

Answers

The most obvious motives advanced for the socio-economic causes of Xenophobia are unemployment, poverty and inadequate or lack of service delivery which are mostly politically attributed.

Quiz
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TIME REMAINING
01:55:50
Read the introduction to an outline of a narrative essay.
Introduction: My positive experiences planting a victory garden during WWII
Which of the following is the best thesis to include in the introduction to this outline?
• Working with my family to plant a victory garden made me feel that I was doing something helpful to win the war.
O I helped my family plant fruits and vegetables in our victory garden during World War II.
O Working with my family to plant a victory garden during World War II was a good thing to do.
I liked helping plant a large victory garden during World War II because gardening is fun.
Mark this and return
Save and Exit
Next
Submit

Answers

the answer is c. so tw

Answer:

A. Working with my family to plant a victory garden made me feel that I was doing something helpful to win the war.

Explanation:

Edge 2021

Who is known as the father of the Romans?

Answers

Answer: Pater patriae

Explanation: I hav

George Washington and Thomas Jefferson were similar in that both a. were Loyalists b. served as Presidents during the Articles of Confederation c. gave the nation stability as early Presidents d. were generals during the American Revolution​

Answers

Answer:

C

Explanation:

For A: George Washington and Thomas Jefferson were not Loyalists

For B: Thomas Jefferson was president in 1801, The Articles of Confederation was replaced in 1789.

For C: This is correct because as the 1st and 3rd presidents, they helped gave the nation stability.

For D: Thomas Jefferson was not a general during the American Revolution

what two laws that protect citizen against the human trafficking

Answers

Explanation:

Trafficking Victims Protection Reauthorization Act of 2003. Trafficking Victims Protection Reauthorization Act of 2005. Trafficking Victims Protection Reauthorization Act of 2008. Trafficking Victims Protection Reauthorization Act of 2013 (Title XII of the Violence Against Women Reauthorization Act of 2013)

Vincent is an artist who has stayed up painting for three days straight. Despite his lack of sleep, he feels as if he has boundless energy, and his paintings reflect a very high level of creativity. Although Vincent rarely feels tired, he becomes this energetic only once in a while. Vincent is most likely suffering from a ______ episode related to his_______ disorder. delusion; dissociative compulsion; obsessive compulsive manic; bipolar panic attack; panic fugue; dissociative

Answers

Answer:

Vincent is most likely suffering from a dissociative compulsion episode related to his obsessive compulsive manic disorder.

Explanation:

Through the analysis of Vicent's behavior, presented in the question above, we can see that he is acting compulsively. This compulsion is in the fact that Vicent has to spend three days without being able to stop painting and not feeling tired because of it, but having such a peak of energy that makes him paint over and over. This is an episode of dissociative compulsion, which is a mental disorder where an individual loses control of their behavior in relation to a particular activity.

This is a direct symptom of manic obsessive compulsive disorder which is a disorder that promotes moments of crisis of obsessions and compulsions, as Vicent presents.

Answer:

dissociative and compulsive

find out some interesting facts about delhi​

Answers

Answer:

there are more no of corona patient

climate is medium

The Red Fort use to be white in colour
Delhi is the home to the largest market of spices in Asia
The Delhi Transport Corporation along with other public transport services in Delhi is entirely run on Compressed Natural Gas (CNG)
Delhi is home to a unique Museum of Toilets
Delhi hosted the most expensive host of Commonwealth Games to date
Delhi is currently the second most populated city in the world
hope that helps!

how to manage the forest​

Answers

Planting or naturally regenerating a new forest to replace trees that have died or were harvested or to enhance food and shelter for wildlife or other values.
Thinning to increase the growth rate of the remaining trees.

An increase in the trade-weighted value of the U.S dollar will most likely result in which outcome? A. U.S. products sold in foreign markets will be higher demand. B. U.S. consumers will be able to buy foreign goods at a lower cost. C.U.S. Businesses will be forced to accept more foreign currency. D. U.S. workers will be able to work in other countries more easily.

Answers

Answer: B

U.S. consumers will be able to buy foreign goods at a lower cost

The correct option is B. An increase in the trade-weighted value of the U.S dollar will most likely result in U.S. consumers will be able to buy foreign goods at a lower cost.

What do mean by trade-weighted index?

A weighted average of a basket of currencies, known as a trade-weighted currency index, represents the significance of a nation's commerce with these nations. An unrefined indicator of a nation's global "competitiveness" is occasionally the trade-weighted currency index.

A gauge of the U.S. dollar's foreign exchange value in comparison to a few different foreign currencies is the trade-weighted dollar. Instead of evaluating the US dollar's value against all other currencies, it provides emphasis or weight to the ones that are most commonly used in international trade.

Learn more about the trade-weighted index here:

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Explain some of the different practices of feudalism between Europe and Japan? ​

Answers

Answer:

The differences practices of feudalism between Europe and Japan is that the role are that in Europe, the Hierarchy upper class contained of the kings, nobles, knights and lords. The Hierarchy lower class contains peasants, fiefs, vassals and anyone who didnt have enough money to please the king.

Explanation:

The different practices of feudalism between Europe and Japan are the based on the upper and lower class.

What is feudalism?

Feudalism was a system where people of higher status gave them land and security in exchange for working and fighting for them. Feudalism was a body of rules and military norms that prevailed in medieval Europe between the ninth and fifteenth centuries. Feudal system was the ancient form of government that existed before the modern state.

The role is that in Europe, the Hierarchy top class consisted of the kings, nobles, knights and others, and lords. This is one of the differences between the feudalism practices in Europe and Japan. Peasants, fiefs, vassals, and anyone who lacked the wealth to appease the king are included in the lower tier of the hierarchy.

As a result, the significance of the different practices of feudalism between Europe and Japan are the aforementioned.

Learn more about on feudalism, here:

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A set of rules or laws that guide how a country or state works- A.constitution
B.preamble
C.veto

Answers

Answer:

A. sorry if i’m wrong!

Explanation:

name and explain 2 laws that protect citizens against human trafficking​

Answers

Answer:

Explanation:

Victims of Trafficking and Violence Protection Act of 2000. Trafficking Victims Protection Reauthorization Act of 2003. Trafficking Victims Protection Reauthorization Act of 2005.

To help emergency vehicles reach those in need, __________
A. Stay Alert.
B. Investigate.
C. React.
D. all of the above

Answers

Answer:

i think is c

Explanation:

the answer is all of the above

Riley's mom poured her a cold glass of milk ...what is the adjective in the sentence?​

Answers

Answer:

Cold.

Explanation:

A Adjective is  a word or phrase naming an attribute, added to or grammatically related to a noun to modify or describe it, In this situation the noun is Glass.

Which of the following is the BEST conclusion based on the political cartoon?

A.
Gandhi’s commitment of non-violent protest inspired the Indian independence movement.

B.
Gandhi’s speeches led to a socialist revolution that threatened British colonial rule in India.

C.
Gandhi's arrest by the British caused the Indian people to give up their fight for independence.

D.
Gandhi’s treatment by colonial authorities inspired all Indian people to violently revolt against the British.

Answers

Answer:

It's A!!!!!!!!

Explanation:

The Indian independence struggle was motivated by Gandhi's devotion to nonviolent protest, according to the best analysis of the political cartoon presented here.

What is meant by a political cartoon?

A political cartoon is an illustration (typically a caricature) that expresses editorial commentary on politics, politicians, and current events. In a country where there is press and speech freedom, drawings like this have a place in the political conversation.

They are mainly opinion-based media, and they can typically be found on the editorial pages of newspapers and other journalistic channels, whether they are in print or electronic form. Their focus is typically on current, newsworthy political matters, and in order for readers to understand them, they must have a basic understanding of the topics they cover, ideally knowledge provided by the publication medium.

A political cartoon is a form of expression that combines both of these.

Learn more about political cartoon, from :

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Program led by Mao Zedong to improve conditions but failed, leaving many starving
Group of answer choices

A. Red Guard

B. Great Leap Forward

C. Communism Movement

D. Cultural Revolution

Answers

Answer:

B. Great Leap Forward....................

What is the best description of the main purpose of the Great Leap Forward?
Group of answer choices

A. To provide HealthCare

B. To provide buildings

C. To help improve the economy

D. To provide education

Answers

C. to help improve the economy

Which of the following is recommended
for preserving food?

Answers

Answer:

Among the oldest methods of preservation are drying, refrigeration, and fermentation. Modern methods include canning, pasteurization, freezing, irradiation, and the addition of chemicals. Advances in packaging materials have played an important role in modern food preservation.

Which of the following risks is typically associated with an outdoor environment? a. asbestos b. cleaning products c. pesticides d. dust Please select the best answer from the choices provided A B C D

Answers

Answer: The answer is A

Explanation:

Answer:

C- Pesticides

Explanation:

Right on edge 2021


Please help with question 15

Answers

Answer:

D) all of the above

Explanation:

Who gives it value to a dollar bill and why?

Answers

The value of money is determined by the demand for it, just like the value of goods and services. There are three ways to measure the value of the dollar. The first is how much the dollar will buy in foreign currencies. That's what the exchange rate measures.

money is money bro , but i guess the government

Corporations are run by the
A Government
B Board of Directors
C General public
D Founding CEO

Answers

Answer:

C

Explanation:

yes it ishjjgfr6ijvffduovcdfg

Answer:

C

Explanation:

because it should be cooperative and there should be mutual cooperation between the public

a light year is the distance that light travels in one year true or false

Answers

Should be true. Sorry if i’m wrong

True.

A light year, which is equivalent to roughly 9.461 trillion kilometers, is the distance that a wave of light will travel in a vacuum in a year.

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