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3 years ago

What is the three part process for problem solving\?

1 answer:

8 0

The three part process for problem solving are:
1. Analyse the problem: take the problem into parts and consider what could be done and what could not be done.
2. Solve for the unknown: decide on a suitable solution based on the results of the analysis that you carried out.
3. Evaluate the answer: Evaluate your solution to see if it the very best you can come up with.

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Under the temporal method, income statement items that relate to newly recognized assets and liabilities generally are remeasure

ad-work [718]

Answer: historical exchange rate

Explanation:

The temporal method is also referred to as the historical method. Under this method, the currency of a foreign subsidiary is being converted into the currency of the parent company.

It should be noted that under the temporal method, the income statement items which relate to newly recognized assets and liabilities generally are remeasured using the historical exchange rate.

6 0

3 years ago

Revenue is properly recognized: Multiple Choice When the customer makes an order. Only if the transaction creates an account rec

Marianna [84]

Revenue in a business transaction is recognized When goods or services are provided to customers and at the amount expected to be received from the customer.

<h3>What is revenue?</h3>

Refers to the amount paid to a company for the provision of goods and services.
Can only be recognized when that good or service has been provided to the customer.

Until a good or service is provided to the customer who bought it, revenue should not be recognized because it has not been earned by a company.

In conclusion, option C is correct.

Find out more on revenue recognition at brainly.com/question/1380073.

3 0

2 years ago

Topdog is a toy company, whose profit/sales percentage is 13% in 2015, 16% in 2016 and 20% in 2017. Assuming simple trend, what

elixir [45]

Answer:

25%

Explanation:

Using simple trend, to calculate the predicted sales/profit of 2018, we use;

(percentage sales of 2017 - percentage sales of 2016) ÷ percentage sales of 2016.

we have,

percentage sales in 2018 = 20 - 16

= 4

= 0.25.

Percentage sales in 2018 = 25% i.e 0.25 x 100%

Cheers.

6 0

3 years ago

How much would a mansion cost in the 1800s

zubka84 [21]

1856 $500 1869 $3,000

3 0

3 years ago

jounralize and post closing entries and complete the closing process list all debit entries before credit entries credit account

DochEvi [55]

Preparing closing entries, which involves journalizing and uploading the entries to the ledger, is the eighth phase in the accounting cycle. During closure, there are four entries. To the Income Summary account, the initial entry cancels revenue accounts.

<h3>What order should the steps for closing an account be taken in?</h3>

Following is the basic order of closing entries: Clear the balances in the revenue accounts by debiting each revenue account and crediting the income summary account. To eliminate the balances in all expenditure accounts, credit all expense, accounts and debit the revenue summary account.

A journal entry debiting all revenue accounts and crediting the income summary is used to accomplish this. The same procedure is then used to calculate expenditures. Crediting the expense accounts and debiting the income summaries closes out all expenditures.

To know more about closing entries, refer:

brainly.com/question/13469087

#SPJ4

7 0

1 year ago