Answer: Debit Supplies and Credit Cash
Explanation: From the above question, Wiley paid cash for the supplies and in accounting you debit the receiver and credit the giver.
In the question above, the supplies account is receiving value while the cash is giving value. Then the right journal entry is to Debit supplies and credit cash.
$15,600 is the amount (in 000) of Sanco's sales in U.S. dollars
Explanation and Solution :
Because translations can be used to translate the financial results of Sanco presented in FCUs to U.S. dollars, transactions will be translated using the rate of exchange in effect at the time of each transaction or the weighted average exchange rate for the year.
In this scenario, the weighted average exchange rate for the duration shall be given as
1 FCU = $1,300.
The right dollar sum of revenue to Sanco will then be
12,000 FCUs x $1,300 = $15,600.
Answer: False.
Explanation: Work break down structure is an approach to work by an organization starting from the smallest units and growing into larger and much complex projects. The work breakdown structure takes a TREE format growing from smaller tasks that can be easily tackled to major tasks that would involve much effort and resources.
Therefore the question is arranged in the opposite format.
Answer:
$440,113.37
Explanation:
Since the engineer is placing $7,000 at the end of every year for the 22 years, therefore the amount which will be saved by him at the end of 22 years shall be determined through the future value of annuity formula which is given as follows:
Amount after 22 years=R[((1+i)^n-1)/i]
In the given question
R=amount saved by engineer per year=$7,000
i=interest rate involved=9%
n=number of payment to be made=22
Amount after 22 years=7,000[((1+9%)^22-1)/9%]
=$440,113.37
