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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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Companies facing the challenge of setting prices for the first itme can choose between two board strategies; marketing-penetrati

Alika [10]

The correct question should be:

Companies facing the challenge of setting prices for the first time can choose between two board strategies; marketing-penetration pricing and _______ pricing.

Answer: Market Skimming pricing.

Explanation:

A company with a product new to the market can either choose to use the market penetration pricing or the market skimming pricing.

The market penetration pricing works best in a market with a lot of competition. The penetration pricing is a kind of pricing a company uses where the price of it's Products are set to be very low to attract price-sensitive consumers and still make profit.

The market skimming pricing on the other hand is a price setting method where a high entry price is set for a new product and then subsequently reduced with increase in market competition.

5 0

3 years ago

The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020:

kumpel [21]

Answer:

Explanation:

Please see attached file .

Download docx

5 0

3 years ago

Compute the 2019 Federal income tax liability and the marginal and effective tax rates in each of the following independent case

muminat

Answer: a.19.59% b.15.11%.

Explanation:

Average tax rate is given as the total tax paid divided by total taxable income which is expressed as a percentage and must be less than the marginal tax rate.

Chandler is single and reports

taxable income of $132,200.

Tax liability: 25,903

Marginal rate: 24 %

Average rate: 17.94 x % = wrong

Average rate = total liable tax/ total income= 25, 903/ 132,200=0.195937 rounded to 0.1959

0.1959 x 100 = 19.59%.correct

b. Lazare, a head of household, records

taxable income of $80,600.

Tax liability: 12,176

Marginal rate: 22 %

Average rate: 12.30 X %= wrong

Average rate = total liable tax/ total income= 12,176/ 80,600= .0.15106= 0.1511

0.1511 x 100 = 15.11%.correct.

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3 years ago

Suppose you found a CD that pays 4.9% interest compounded monthly for 4 years. If you deposit $10,000 now, how much will you hav

Katyanochek1 [597]

Answer:

=$11,580.00

Explanation:

The CD pays 4.9 percent compounded monthly for four years.

In one year, there will be 12 occasions of compounding; after four years, there would be 12 x 4 = 36 compounds.

The interest rate per year is 4.9 percent; monthly interest will be 4.9 /12, which is 0.4083 percent.

The amount in four years is the same as the future value after four years.

=FV = PV (1+r)n

Pv =$10,000

r=0.4083 %

N =36

Fv = 10,000(1+0.4083/100)36

=10,000(1+0.004083)36

=$10000 x 1.1579932

=$11,579. 932

=$11,580.00

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3 years ago

Why does the risk of incorrect rejection result in an efficiency loss to the auditor?

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