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1 year ago

True or false: an external transaction is a transaction the firm conducts with a separate economic entity.

Business

1 answer:

mixer [17]1 year ago

7 0

It is true that an external transaction is a transaction the firm conducts with a separate economic entity.

<h3>What are internal and external transactions?</h3>

An internal transaction is any financial activity that occurs within an organization rather than with a third party. Usually, money is exchanged between divisions or between the business and its employees. Even while internal transactions aren't sales like external ones are, they still have an impact on the company's finances.

An external transaction is one that involves a third party from outside the transaction. A company conducts external transactions the majority of the time throughout an accounting period.

The acquisition of goods from a supplier, the payment of cash to a creditor, and the payment of wages to employees are examples of external transactions.

To know more about external transactions visit: brainly.com/question/11867978

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You are interested in purchasing a new car and have done some research. One of the many points you wish to consider is the resal

kari74 [83]

Answer:

The 99% confidence interval would be given by (12004.26;12995.74)

Explanation:

1) Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$\bar X=12500$ represent the sample mean for the sample

$\mu$ population mean (variable of interest)

s=700 represent the sample standard deviation

n=17 represent the sample size

2) Confidence interval

The confidence interval for the mean is given by the following formula:

$\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}$ (1)

In order to calculate the critical value $t_{\alpha/2}$ we need to find first the degrees of freedom, given by:

$df=n-1=17-1=16$

Since the Confidence is 0.99 or 99%, the value of $\alpha=0.01$ and $\alpha/2 =0.005$ , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.005,16)".And we see that $t_{\alpha/2}=2.92$

Now we have everything in order to replace into formula (1):

$12500-2.92\frac{700}{\sqrt{17}}=12004.26$

$12500+2.92\frac{700}{\sqrt{17}}=12995.74$

So on this case the 99% confidence interval would be given by (12004.26;12995.74)

8 0

3 years ago

The sustainable growth rate is based on the premise that:

gulaghasi [49]

It is based on the premise that the sustainable growth rate is that the debt-equity ratio will be held constant. The sustainable growth rate is the maximum rate of growth of the firm that sustain without having to increase financial leverage for outside financing. It is measure of how large the firm and how quickly it can row without borrowing more money.

7 0

3 years ago

True or false: One of the challenges of hiring the correct number and type of salespeople is that every sales job is different.

Doss [256]

The answer is true

explanation : I had this question and got it right

6 0

3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Less: Beginning inventory $4,387,200

Cost of goods manufactured $45,756,000

Cost of goods sold $50,143,200

Gross Profit $30,856,800

Selling and Administrative Expenses $13,122,000

Operating Income $17,734,800

b. Joplin Industries Inc.

Variable Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

Variable cost of goods sold $40,500,000

Manufacturing Margin $40,500,000

Selling and Administrative Expenses $12,150,000

Contribution Margin $28,350,000

Fixed cost

Manufacturing cost $8,856,000

Selling and Admin Expenses $972,000

Total Fixed cost $9,828,000

Operating Income $18,522,000

4 0

3 years ago

On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,

sammy [17]

Answer:

Cash account in the amount of $10,100

Explanation:

The journal entry to be recorded for the receipt of payment is as:

Cash A/c.............................................Dr $10,100

Note receivable A/c...................Cr $10,000

Interest Revenue A/c..................Cr $100

Being recoded the receipt of payment

As payment is received so asset is increasing and any increase in asset is debited. Therefore, cash account is debited. And the note receivable got decrease will be credited and the interest revenue is also credited.

Computation of interest revenue is as:

Interest revenue = Amount × % of note × Days / Number of days in a year

= $10,000 × 6% × 60 / 360

= $100

Note: Assume 360 days in a year

3 0

3 years ago