Answer:
Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.
Explanation:
Answer: $2.33
Explanation:
The unit contribution margin that is required to attain the profit target will be calculated thus:
= (Fixed cost + Desired profit) / Estimated units
= ($225,000 + $125,000) / 150,000
= $350,000 / 150,000
= $2.33
Therefore, the unit contribution margin is $2.33
The manager of sporting items for outdoor adventures is Ezra. His monetary outlays have outpaced his cash receipts during the last six months. The outdoor adventure industry has a cash flow issue.
Although profitability may be the most important indicator of a company's success, maintaining a steady level of cash flow on a daily basis is essential if your organization is to survive and expand.
When the amount of money leaving the organization exceeds the amount of money coming in, there is a cash flow issue. This results in a lack of liquidity, which might hinder your capacity to pay bills, make loan repayments, and run business profitably.
To learn more about cash flow problem here
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Answer:
beginning WIP 800
Question: which are the physical units in the beginning work in process inventory?
Explanation:
The beginning WIP and the started and completed untis will be the total transferred units.
<u><em>We first, solve for the start and completed: </em></u>
Unit Stated 25,200
Ending WIP(incomplete)<u> 2,000 </u>
start and complete 23,200
<em><u>Now, we solve for the WIP: </u></em>
<em><u /></em>
Transferred units 24,000
start and complete<u> (23,200) </u>
beginning WIP 800
