Answer:
1. Journal entries are quicker and more comfortable in the manual accounting
2. Posting is easier in computer software-based accounting
3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.
4. Financial statements are more straightforward in software-based accounting than manual accounting
Explanation:
The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.
1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries
2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts
3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.
4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.
Answer: Team
Explanation:
A team is made up of a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.
It should be noted that each employee in an organization should be ready and willing to be part of a team in the organization in order to achieve the organizational goals.
What's is the unemplyment rate?
The unemployment rate soared from a 50-year low of 3.5 percent to 14.8 percent in April 2021 at the beginning of the CVID-19 pandemic, and then fell faster than many forecasters anticipated, to 6.3 percent in January 2021
The employment rate is_____percent
The employment-population ratio represents the proportion of the civilian non-institutional population that is employed. In 2021, the U.S. employment rate stood at 56.8 percent.
Answer:
23.39%
Explanation:
From the given information, the amount was raised in rubies, Hence, we will convert them to dollars to be able to pay back the needed obligations.
However, according to the exchange rates, the IRR of dollar cash flow is the actual cost of financing that the company will address.
By applying the EXCEL FORMULA to compute the actual cost of financing, we get;
A B C D E
Coupon 17%
Year 0 1 2 3
Cashflow in
rubles 5,000,000 5000000*17% 5000000*17% 5000000+850
= 850000 = 850000 000
= 5850000
Exchange $0.30 $0.032 $0.034 $0.035
rate
(per rubles) 5,000,000 5,000,000 5,000,000 5,000,000
Cash flow × 0.03 × 0.032 × 0.034 × 0.035
in dollars = $150000.00 27200.00 28900.00 204750.00
IRR 23.39%
