Answer:
Managerial accounting
Explanation:
Managerial accounting refers to the process to classify, calculate, assess, analyze, and convey financial data to executives to achieve the objectives of a company. It differs from financial reporting since the primary objective of managerial accounting is to support people in creating well-organized business decisions within the corporation.
Managerial accounting includes several aspects of accounting designed to improve the standard of the education given to administration regarding indicators of the commercial business. Management accountants utilize details about both the expense and sales income of the firm's produced products and services.
Answer:
Amount of Cash paid is $2,415.3
Explanation:
Credit terms of 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after purchase with net credit period of 30 days.
Purchase = $2,800
Amount Due = $2,800 - $310 = $2,490
As payment is made within discount period, so the discount will be availed.
Discount = $2,490 x 3% = $74.7
Payment = $2,490 - $74.7 = $2,415.3
Payment = $7,500 - $150 = $7,350
Answer:
A $660,030
Explanation:
Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit
Therefore,
Total cost of units completed and transferred out = 117,000
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