Answer: Donors(people donating for the progress of the society).
Explanation:
The solution or answer to this exam or problem or question can be seen or found in the first sentence of the question, that is;
"Total Accounting has developed new software for nonprofit organizations that allows them to send DONORS receipts via text or email".
Take note of the capitalized word, " donors" because that is the simplest answer to the question.
Therefore, the software was built and designed for people that are going to be donating or giving back to the society. The software is built in such a way that the Total Accounting marketing team can track who donors are.
Answer:
$26.50
Explanation:
The computation of the predetermined overhead rate is shown below:
= Variable overhead rate + fixed overhead rate
where,
Variable overhead rate is $8.30
And, the fixed overhead rate is
= $145,600 ÷ 8,000 direct labor hours
= $18.2
So, the predetermined overhead rate is
= $8.30+ $18.2
= $26.50
We simply added the available overhead rate and the fixed overhead rate so that the predetermined overhead rate could arrive
Answer:
There would be NO IMPACT
Explanation:
From the question, we are informed about, rialto company collected $5,000 on account. In this case there will be no impact of this transaction on the firm's current ratio. The collection on account can be regarded as exchange of asset transaction, any increase change in current asset account cash, then there will be decreases in Accounts Receivable , the ration of current asset to current liabilities gives the current ratio, there is no impact of transaction on the current ratio, since the transaction doesn't affect both the
current asset to current liabilities
Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.
Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.
In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.
