Answer:
$2.0384
Explanation:
Calculation for how many dollars will a pound buy in 30 days
How many dollars will a pound buy =1.82 x (1+0.12)
How many dollars will a pound buy=1.82× 1.12
How many dollars will a pound buy= $2.0384
Therefore the amount of dollars that a pound will buy in 30 days will be $2.0384
Answer:
Bad debts expense Debit $ 600
Allowance for Uncollectible expenses Credit $ 600
Explanation:
The allowance for uncollectible accounts is estimated usually on the basis of a percentage of credit sales. The data in the question indicates that the estimated losses from uncollectible accounts is $ 1,000.
The unadjusted balance is $ 400, so the adjusting entry is for the balancing amount, i.e. $ 600. It is debited to bad debts and credited to allowance for uncollectible accounts.
Answer: It can lead to dysfunctional decision making.
Explanation:
It may lead to a dysfunctional decision making. For example, a division with a current ROI of 30% will not wish to accept a project that offers a ROI of 25%, because it would dilute the current figure it has. However, the 25% ROI may be able to meet or exceed the company’s target.
Return on investment (ROI) increases with the asset age if the net book value (NBV) is used, thereby giving managers incentive to hang on to possibly obsolescent and inefficient machines. It may also encourage the manipulation of the profit and the capital employed figures to improve results, e.g to obtain a bonus payment. The use of different accounting policies can lead to confusion in comparisons e.g. depreciation policy.
Answer: (D) Management letter of representation
Explanation:
The management letter of representation is the form of letter that are written by the external auditors in an organization.
The main purpose of management letter of the representation is that it include all the financial statement of the company signed by the senior company manager.
The accuracy of the letter are managed by the management of the company. This letter is basically submitted to the auditors for the further analysis.
Therefore, Option (D) is correct.
As an economy moves into a recessionary period, examples of fiscal policies that act as automatic stabilizers include an increase in transfer payments.
Monetary increase refers to a boom in the size of a country's economy over a period of time. the scale of an economic system is commonly measured by the entire manufacturing of products and services inside the financial system, which is called gross home product (GDP). the financial increase may be measured in 'nominal' or 'real' terms.
The financial increase is a growth in the manufacturing of goods and offerings in a financial system. increases in capital goods, labor force, generation, and human capital can all contribute to the monetary increase.
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