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4 years ago

What is the end product of the accounting process?

Business

1 answer:

Goryan [66]4 years ago

3 0

In the accounting cycle, the last step is to prepare a post-closing trial balance.

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Andrew owns a popular, but expensive Chinese restaurant. In order to introduce more people to his brand, he offers a series of o

lana66690 [7]

Answer: <em>customers' lack of money </em>

Explanation:

Here, in this particular case we can state that the restaurateur Andrew who owns and run a popular contemporary but expensive Chinese restaurant is addressing the fact that customer's lack money. The fact in this particular case is that consumers are willing to pay a modest amounts for the small amount of food being served while in contrast not paying for the "atmosphere" of his restaurant.

3 0

3 years ago

If demand decreases and supply increases, the direction of change in the equilibrium quantity is un-predictable unless the relat

Elodia [21]

Answer:

The correct answer is option A.

Explanation:

A decrease in the demand for a product will cause the demand curve to shift to the left. At the same time, an increase in the supply of the product will cause the supply curve to shift to the right.

In such a situation the change in the equilibrium quantity cannot be predicted. It depends on the magnitude of change in demand and supply.

If the proportionate decrease in demand is more than the increase in the supply of the product, the equilibrium quantity will decrease.

If the increase in supply is more than the decrease in demand, the equilibrium quantity will increase.

If the proportionate increase in supply is equal to a proportionate decrease in demand, the equilibrium quantity will remain the same.

5 0

4 years ago

Given the following information pertaining to item AX143, determine the appropriate number of kanban cards that should be used t

Mariana [72]

Answer:

=260 units.

Explanation:

General formula for calculating Kanban Cards : $\frac{DT(1+x)}{C}$

= $\frac{500*2(1+0.30)}{5}$

= $\frac{1300}{5}$

=260 units.

6 0

3 years ago

A firm is considering the purchase of a $500,000 machine for its business. The machine is expected to increase sales by $237,000

AleksandrR [38]

Answer:

The firm should: ___________

c. Reject the project because the NPV is negative $120,921

Explanation:

a) Data and Calculations:

Pro Forma Income Statement:

Sales $237,000

Total Cost 137,000

Depreciation 100,000

EBIT $0

Taxes 0

Net income $0

Cost of machine = $500,000

Required rate of return = 10%

Annual revenue from new machine = $237,000

Annual operational costs = $137,000

Annual net cash flow = $100,000

Depreciation expense = $100,000

Annuity factor at 10% for 5 years = 3.791

PV Annuity of $100,000 = $100,000 * 3.791 = $379,100

NPV = $379,100 - $500,000 = $120,900

b) The Net present value of the project is $120,900 (the difference between the total present value of cash inflow of $379,100 and the initial cash outflow of $500,000).

8 0

3 years ago

Exercise 3-24 Recording cost of completed goods LO P4 Prepare journal entries to record the following production activities. Tra

melisa1 [442]

Answer:

Sr. No Particulars Debit Credit

1 Finished Goods $135,600

Work In Process- Assembly department $135,600

Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $135,600.

2 Account Receivable $315,000

Sales $315,000

Cost Of Goods Sold $ 175,000

Merchandise Inventory $ 175,000

Sold $315,000 of goods on credit. Their cost is $175,000.

6 0

3 years ago