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Feliz [49]
3 years ago
8

The main elements of the accounting are 1)Recording 2)classifying 3)summarizing 4)all of these

Business
1 answer:
aleksandrvk [35]3 years ago
6 0

Answer: D

Explanation: the definination of accouting includes the process of recording, classifying, summarizing the transactions.

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Ahmed owns a small motor repair shop that had a cash flow of $297,241 in the current period. If Ahmed expects his business to gr
Tomtit [17]

Answer: $321,020

Explanation:

The cash flow is expected to grow at a rate of 8%.

This means that in the next year it will be 8% higher than the $297,241 it is in the current period.

= 297,241 * ( 1 + rate)

= 297,241 * ( 1 + 8%)

= $321,020

4 0
3 years ago
Brief Exercise 229 On January 1, the Biddle & Biddle, CPAs received a $7,500 cash retainer for accounting services to be pro
Gnoma [55]

Answer:

                                                   Debit                  Credit

Unearned revenue                    $2,500

($7,500/3)

Revenue                                                                $2,500

Explanation:

The following adjusting entry shall be recorded in the accounts of the Biddle and Biddle, on January 31, in respect of revenue earned by it from accounting services:

                                                   Debit                  Credit

Unearned revenue                    $2,500

($7,500/3)

Revenue                                                                $2,500

5 0
4 years ago
You have decided to involve the sales personnel in planning for the change and in stocking appropriate new items to sell to gard
Vlad1618 [11]

Answer:

Letter B is correct. Participation

Explanation:

Employee participation in a changing situation is effective in breaking down resistance barriers.

When an employee feels part of a process of organizational change, he or she develops a sense of belonging, appreciation of his or her capabilities, which is an important factor in breaking insecurities and resistance to change.

6 0
4 years ago
If oligopolists engaged in some sort of collusion, industry output would be _____ and price would be _____ than under perfect co
TEA [102]

Answer:

If oligopolists engaged in some sort of collusion, industry output would be smaller_____ and price would be _higher____ than under perfect competition.

8 0
3 years ago
You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with two risky securities,
Nesterboy [21]

Answer:

c)$568; $378; $54

Explanation:

($1,120 - $1,000)/$1,000 = 12%

(0.6)14% + (0.4)10% = 12.4%

12% = w5% + 12.4%(1 - w)

w = .054

1-w = .946

w = 0.054($1,000)

= $54 (T-bills)

1 - w = 1 - 0.054 = 0.946

0.946($1,000) = $946

$946 x 0.6 = $568 in X

$946 x 0.4 = $378 in Y.

8 0
3 years ago
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