You go out to eat with your family, and you agree to leave the p. what is a 15% p on a $60.00 bill?

Measuring assets and liabilities based on their original transaction value is an example of:__________

nignag [31]

Answer: historical cost

Explanation:

8 0

1 year ago

For each of the following service departments, select the activity base listed that is most appropriate for charging service exp

garik1379 [7]

Answer:

a. Accounts Receivable - Number of sales invoices

b. Central Purchasing - Number of purchase requisitions

c. Computer Support - Number of computers

d. Conferences - Number of conference attendees

e. Employee Travel - Number of travel claims

f. Payroll Accounting - Number of payroll checks

g. Telecommunications - Number of cell phone minutes used

h. Training - Number of employees trained.

Explanation:

a. Accounts Receivable - Number of sales invoices

Accounts receivable occur due to credit sales, and therefore for the Activity base of this we use number of sales invoices.

b. Central Purchasing - Number of purchase requisitions

Purchasing is based on number of requisitions issued for purchase, as before purchasing any material requisitions are raised.

c. Computer Support - Number of computers

Computer support services are based on number of computers through which the service is provided and to be allocated between them.

d. Conferences - Number of conference attendees

The expense of conference shall be divided based on number of attendees for the conference as this is based on the number of personnel attending the conference.

e. Employee Travel - Number of travel claims

Employee travel is such expense that is based on number of employees claiming the travel as this is only to be allocated between employees claiming the travel expense and not all the employees.

g. Telecommunications - Number of cell phone minutes used

The telecommunication expense shall be based on the activity of cell phone minutes usage, as this is the most appropriate activity.

h. Training - Number of employees trained

The training expense is to be allocated based on number of employees trained, as this is not be allocated to employees which required no training.

3 0

2 years ago

Why are posting references entered in the journal when entries are posted to the ledger accounts?

wolverine [178]

Answer:

c. So we know that the entry has been posted.

Explanation:

The posting reference are entered in the journal entries are done so as to find them in the account ledgers and these entres are post in the this account is insert to keep and store the booking entry for the balance sheets and includes the incomes statements and accounts like the receivables and the accounts payable and accrued expenses also.

3 0

2 years ago

Consider the following information carefully and do as per the instruction given under the table below.

strojnjashka [21]

The network diagram for the activities indicated above is given in the attached image.

<h3>What is a network diagram?</h3>

A network diagram is a graphical depiction of a project that consists of a number of connected arrows and boxes that illustrate the interdependence of the project's operations.

The activity description is represented by boxes or nodes, and the interaction between the activities is represented by arrows.

<h3>What is the use of a network diagram?</h3>

A network diagram enables a project manager to keep track of each component of a project and easily communicate its status to others.

It also provides:

visual depiction of progress for stakeholders; and
Creating project workflows.

Learn more about a network diagram:
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6 0

10 months ago

Economic efficiency is

Marina CMI [18]

Answer:

The correct answer is option A.

Explanation:

A market outcome will be considered economically efficient if the marginal benefit earned from the last unit is equal to the marginal cost incurred in the production of the last unit while the economic surplus or the sum of consumer surplus and producer surplus is at maximum.

If the marginal cost and benefit are not equal then the outcome is said to inefficient. It means that either the resources are not being allocated efficiently or the production is not efficient.

6 0

3 years ago