Answer:
1. C.Tax accounting
2. C. Tax accounting
3. A. Financial accounting
4. C. Tax "
5. B. Managerial "
6. A. Financial "
7. B. Managerial "
8. B. Managerial "
Explanation:
Tax accounting: accounting methods focused on tax.
Financial accounting: summary, analysis and reporting of financial transactions.
Managerial accounting: analyzing and communicating financial data to managers.
Answer: B. macroeconomics analysis
Explanation: Macroeconomics analysis is the branch of economics that studies the economy as a whole and it focuses majorly on three areas viz national output, inflation and unemployment.
Macroeconomics analysis of unemployment tells how many people from the labor force are unable to find work despite being able and willing to work. Whenever the economy shows growth, indicated in the GDP growth rate, the rate of unemployment tends to be low. The reason behind this is that output becomes higher with rising real GDP levels, hence, more laborers/workers/employees are needed to keep up with the increased levels of production. Also, interest payment by a government on excessive debt tend to harm the economy and may lead to harsh economic policies, which can increase unemployment through layoffs, downsizing etc.
Answer:
The anticipated collections for August are $1024800
Explanation:
Based on the past experience part, the cash inflows for August will include 8% of June's sales collection, 20% of July's sales collection and 70% of August's sales collection.
Thus, the anticipated collection for August will be:
- 8% of June' sales = 854000 * 0.08 = 68320
- 20% of July's sales = 1195600 * 0.2 = 239120
- 70% of August sales = 1024800 * 0.7 = 717360
Total anticipated collection-August = 68320 + 239120 + 717360 = $1024800
Answer:
A. $68,200
Explanation:
Retail Cost
Beginning inventory $60,000
$120,000
Plus: Net purchases. $312,000
$480,000
Goods available for sale $372,000
$600,000
Cost to retail percentage = $372,000 ÷ $600,000 = 62%
Less : Net sales
($490,000)
Estimated ending inventory at retail
$110,000
Estimated ending inventory at cost
62% × $110,000 = $68,200
Correct option: 44 Percent
Inflation rate is general rise in the price of goods and services. Inflation rate can be calculated by calculating the percentage difference in consumer price index.
Therefore, Inflation rate would be 44%.
