Answer: Internal reporting involves the compilation of financial and operational information on a frequent basis, which is distributed to those within an organization who can use it to improve performance. ... Internal reports are not shared with anyone outside of the firm.
Money is functioning as a medium of exchange. Money makes transactions easier, instead of having to barter for items, you can complete transactions through the usage of money.
Money serves three primary functions unit of account, store of value and most important medium of exchange.
Answer:
$464,380
Explanation:
The fees billed to customer during the month of the October can be determined using the following formula:
Fees billed to customer=Closing balance of accounts receivables+amount collected from customers-opening balance of accounts receivables
In this question:
closing balance of accounts receivables=$130,050
amount collected from customers=$449,350
opening balance of accounts receivables= $115,020
Fees billed to customers=$130,050+$449,350-$115,020=$464,380
Answer:
$135,000
Explanation:
Calculation for What is the margin of safety in dollars
First step
2,400 x $75
= $180,000
4,200 x $75
= $315,000
The margin of safety $315,000 - $180,000
The margin of safety = $135,000
Therefore the margin of safety in dollars is $135,000