Answer:
10.16 gallons of gas
Explanation:
To be exact, a US gallon contains 3.78541 liters.
So a gallon of gasoline contains 3.78541 liters of gasoline, which means that one gallon of gasoline costs 1.30€ x 3.78541 = 4.92€
If the visitor has 50€, he/she can purchase 50€/4.92€ = 10.16 gallons of gas
*Only the US, Myanmar and Liberia use the imperial system of measurement (e.g. miles, yards, feet, gallons, quarts, etc.) while the rest of the world uses the metric system (e.g. meters, kilometers, liters, etc.). But the US was one of the first countries in the world to formally adopt the metric system (since the 19th century), but the change was not mandatory, so most people continued to use the imperial system as part of the culture.
Answer:
$972000
Explanation:
Account receivables factored = $ 900,000
Recourse Liability = $ 20,000
Due from Factor Third Bank = 900000 x 7% = $ 63,000
Loss from Factoring = (900000 x 5%) + 20000 recourse liability = $ 65,000
Amount of cash received as a result of this factoring transaction = Accounts receivables factored + Recourse Liability – Loss on factoring – Due from factor.
= 900000 + 20000 – 63000 – 65,000 = $972,000
Answer:
Formalization
Explanation:
Formalization is the standardization of the position within the organization.
In this case, all the employee has to do is learn the required skills to do a job and then work independently which shows that the job is repetitive and standardized which are the main advantages of the standardization of position (formalization).
The term "cash basis of accounting" refers to only recording revenue upon receipt of cash and expense upon payment of cash.
The term "cash basis" refers to a significant accounting technique that records revenues and expenses at the time that money is received or spent. Contrast this with accrual accounting, which regardless of when cash is received or paid, recognizes income at the time the revenue is earned and records expenses when liabilities are incurred.
By whom is cash basis accounting used?
Financial reporting can be done using either cash accounting or accrual accounting. Cash accounting is a method used by sole proprietorships, small firms, and individuals to keep track of their income and expenses whenever money is exchanged.
To know more about cash basis of accounting
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