Answer:
Basket purchases.
Explanation:
Basket purchases is a term used for buying multiple fixed assets. It is bought as the price for basket purchases is lower than the price for individual asset. The transactions in the basket purchases are accounted for by using the relative sales value method to calculate unit purchase cost. It is calculated by dividing each sales value of product by the total sales value of all the product.
Answer:
The role of project managers is vital for the succcess or failure of project.
Explanation:
The success of projects concentrates on developing key business metrics. However, sometimes development programs are still unsuccessful. There are a number of reasons why these initiatives fail such as lack of funding, weak measurements, lack of coordination among team members, and decisions based on speculations instead of evidence and facts. Such types of issues make it much more difficult for project managers to establish credibility for future projects. Ultimately, the accomplishment or effectiveness of the strategy concentrates entirely on the shoulders of the project manager, and he or she is held responsible for the final outcome.
Answer: $82,500
Explanation:
Saleh's salary for fiscal year ending September 30 = $330,000
Salary that should be paid between October 1 - December 31, if the corporation is to continue to use it's fiscal year without negative tax effect.
To avoid negative tax effect, the Saleh's salary should be atleast equal to the amount being given for the fiscal year which ended in September 30.
October 1 - December 31 = 3 months
Saleh's monthly salary = total slary during fiscal year ÷ 12
$330,000 ÷ 12 = $27,500
October 1 - December 31 = $27500 * 3 = $82,500
Answer:
The closing process is necessary in order to confirm that net income or net loss and owner withdrawals for the period are closed into the owner's capital account.
Explanation:
Most economies around the world follow a specific accounting period which is commonly referred to as financial year or tax year. Before a new financial year begins, the accounts from the ongoing financial year have to be closed legitimately through a process called the 'closing process'. This process culminates in confirming that the net income secured or the net loss bore by the owner is included in no other account than the owner's capital account.
In order to carry out the closing process, the accountant has to commence with identifying the accounts that are required to be closed with or before the ending of the predefined financial period. He then has to record the last entries in these accounts as 'closing entries'. Once the accounts are closed, he has to calculate the trial balance and interpret the outcome. Closing of temporary accounts through a valid closing process dispenses the ease of calculating profit and loss in any given financial period coming to end.
Answer:
$90
Explanation:
The computation of the nominal GDP for the year 4 is shown below:
= Quantity at year 4 × price of year 4
= 18 × $5
= $90
For determining the Nominal GDP for the year 4 we simply multiply the quantity at year 4 with the price of year 4
Hence, the last option is correct
