How does Ms Helen set the goal in her business?

The accounting process begins with: Multiple Choice Analysis of business transactions and source documents. Preparing financial

Kitty [74]

Answer:

The accounting process begins with Analysis of business transactions and source documents

Explanation:

The Accounting process begins by identifying the transactions and events that occurred in the business.

After identification, the events and transactions have to be recorded in appropriate Account using the proper books of entry.

A list of Balances known as the Trial Balance is then computed when the Accounts are closed.

The Trial Balance is then used to prepare financial statements.

Financial Statements are then Analysed to assist various stakeholders and users of financial statements to make decisions.

6 0

3 years ago

Read 2 more answers

_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost wit

Ilia_Sergeevich [38]

Answer:

A. Project management

Explanation:

It helps by identifying the plans and estimating the minimal possible time and cost needed to complete a project or development

8 0

4 years ago

A ________ cost of choosing to attend a concert is not only the out-of-pocket $ $ $ cost, but also the "opportunity cost" (lost

Nataliya [291]

Answer:

The correct answer is real cost.

Explanation:

The real cost of attending a concert includes both explicit as well as an implicit cost. The explicit cost is the direct cost paid out of pocket. For instance, the cost of concert tickets, transport cost, cost incurred on food and beverages, etc are the direct or explicit cost.

The implicit costs are the indirect costs which are not directly incurred. The main example of implicit cost is the opportunity cost of attending the concert. Opportunity cost is the cost involved in sacrificing the alternative. For instance, if a person is taking leave from work then the wages that he/she could have earned is an opportunity cost.

4 0

4 years ago

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

ruslelena [56]

Answer:

75,000 equivalent units

Explanation:

Calculation to determine What were the equivalent units of production for conversion costs for the month of March

First step is to calculate completed and transferred units

Completed and transferred units =5,000 + 70,000 − 25,000

Completed and transferred units = 50,000

Now let determine the equivalent units for direct materials cost

Using this formula

Equivalent units for direct materials cost =100% of the completed units + 100% of the ending inventory

Let plug in the formula

Equivalent units for direct materials cost= (50,000 × 100%) + (25,000 × 100%)

Equivalent units for direct materials cost=50,000+25,000

Equivalent units for direct materials cost=75,000

Therefore the equivalent units of production for conversion costs for the month of March is 75,000

3 0

3 years ago

Assume that you are the chief financial officer at Porter Memorial Hospital. The CEO has asked to to analyze two proposed capita

elena55 [62]

Answer:

Explanation:

Cost of Capital 12%

Project X

Year 0 1 2 3 4

Cah flow (10000) 6500 3000 3000 1000

Discount Factor 12% 1 0.8929 0.7972 0.7118 0.6355

Present Value (10000) 5804 2392 2135 636

Net Present Value 2.85 years

Net Present Value 966

Discount Factor 10% 1 0.9091 0.8264 0.7513 0.6830

Present Value (10000) 5909 2479 2254 683

Net Present Value 1325

IRR = Lower rate + $\frac{Lower rate NPV}{Lower rate NPV - Higher rate NPV}$ ( higher rate - lower rate)

IRR = 0.10 + $\frac{1325}{1325 - 966}$ (0.12-0.10) = 17.38%

Project Y

Year 0 1 2 3 4

Cash flow (10000) 3000 3000 3000 3000

Discount Factor 1 0.8929 0.7972 0.7118 0.6355

Present Value (10000) 2679 2392 2135 1907

Payback Above 4 years

Net Present Value (888)

Discount Factor 10% 1 0.9091 0.8264 0.7513 0.6830

Present Value (10000) 2727 2479 2254 2049

Net Present Value (490)

IRR = Lower rate + ( higher rate - lower rate)

IRR = 0.10 + $\frac{-490}{-490 -(-888)}$ (0.12-0.10) = 7.54%

6 0

3 years ago

How does Ms Helen set the goal in her business?​

How does Ms Helen set the goal in her business?