All categories

3 years ago

History of accounting

1 answer:

3 0

accounting or shall i say accountancy is thousands of years old and is traced to ancient civilization which in the early development accounting data back to ancient Mesopotamia which is closely related to developments of writing,counting and money in the early auditing systems by the ancient Egyptians and Babylonians

You might be interested in

Future Value At age 20 you invest $1,000 that earns 7 percent each year. At age 30 you invest $1,000 that earns 10 percent per y

agasfer [191]

Answer:

In the case of age 30, there will be more money at the age of 60

Explanation:

When person start investing at the age of 20 then total year till 60 years age is = 40 years.

Interest rate (r ) = 7 percent or 0.07.

Investment amount (Present value) = $1000

Now the total amount at the age of 60 years is calculated below.

$Total \ amount = Present \ value (1 + r)^{n} \\= 1000 ( 1 + 0.07 ) ^{40}\\= 14974.4578 \ dollars$

Now calculate the total amount at the age of 60 years when he invest at the age of 30 and earns interest rate 10 percent. Now the number of years is 30.

$Total \ amount = Present \ value (1 + r)^{n} \\= 1000 ( 1 + 0.1 ) ^{30}\\= 17449.4023 \ dollars$

7 0

3 years ago

Group of answer choicesThe riskiness of the portfolio is greater than the riskiness of one or two of the stocks. The beta of the

boyakko [2]

Answer:

hhjfjdhdejejiwieueuue

3 0

3 years ago

Dividends paid to a company's own stockholders of $80,000 would be shown on the company's statement of cash flows prepared under

7nadin3 [17]

Answer: d. a deduction of $80,000 under financing activities.

Explanation:

Under the indirect method of showing cashflows, there are 3 sections being the Operating section, the investing section and the financing section.

The relevant section is the financing section. Financing activities are those transactions that relate to the business raising capital to fund their operations. They do this through long term debt and equity.

Dividends is a payment to shareholders and so falls under equity so by extension falls under the financing section. As dividends reduce the amount of money the company has, it is also a deduction.

6 0

3 years ago

A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is

siniylev [52]

Answer:

$270,000

Explanation:

Calculation for The gross profit

Using this formula

Gross profit = Sales + Cosing stock - Purchases

Let plug in the formula

Gross profit =(45,000*15) +

(450,000/50,000)*5,000 - 450,000

Gross profit =$675,000+(9*5,000)-450,000

Gross profit =$675,000+$45,000-450,000

Gross profit = $270,000

Therefore The gross profit is $270,000

4 0

2 years ago

Write a response to the following behavioral question using the behavioral question response model. Remember, if you do not have

stepladder [879]

Student responses will vary, but should follow the behavioral question response model.

1. Describe the situation.

2. Explain the actions taken.

3. Describe the outcomes.

4. Summarize what was learned from the experience.

You should start by recalling a time when you had to make a choice that was paradoxical, unexpected, or curious.

Procedure for writing the text:

Give a brief overview of the decisions that had to be made.
Indicate the choice you've made.
List the factors that contributed to your decision.
Give an explanation of what makes this decision unusual.
Show how the public responded to that choice.
Indicate the outcomes that the choice fostered and whether they were favorable or unfavorable.

Remember that your response must be unbiased while also deeply addressing your experience.

To know more about decisions visit the link:

brainly.com/question/27400967?referrer=searchResults

#SPJ1

5 0

1 year ago