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Is Financial Accounting Necessary? |
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Answer» YES, the accounting calculates the cost of capital to the business. It compares the current, expected, and historic rates of return. SUPPOSE a company is making 12% RETURNS but borrowing money by using the owner’s credit card at 22% be good to know that. Yes, the accounting calculates the cost of capital to the business. It compares the current, expected, and historic rates of return. Suppose a company is making 12% returns but borrowing money by using the owner’s credit card at 22% be good to know that. |
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