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3 years ago

The purpose of posting is to?

Business

2 answers:

makvit [3.9K]3 years ago

8 0

Update the account balances in the ledger.

Gnom [1K]3 years ago

4 0

Purpose of posting is to show changes that took place in the business account as a result of Financial transaction

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Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40

Andrews [41]

Answer:

Option "b"$55000 is correct.

Explanation:

Below is the given values:

Starting raw material = $30000

Pruchased material = $65000

Raw material at the end = 40000

Now calculate the raw material used:

Raw material used = Starting raw material + purchases - ending raw material

Raw material used = 30000 + 65000 - 40000

Raw material used = 95000 - 4000

Raw material used = $55000

Thus option "b"$55000 is correct.

4 0

3 years ago

You have just retired and reached your objective (see above) of accumulating $3,500,000 in your retirement fund. You expect to l

valina [46]

Answer:

Quarterly Payments = R=$45,046.66

Explanation:

55.498

Accumulated Amount At retirement = $3,500,000

Amount to be left for CSO = $1,000,000

Net Cash That Can be utilized = $2,500,000

Quarterly Payments = ?

Total Quarterly Payments = 30*4 = 120

Interest Annual = 6% = 6/4 = 1.5% Quarterly

Present Amount =$2,500,000

We will solve it by by annuity Formula i.e P=R(1-(1+i)^-n)/i

So We have= 2,500,000=R(1-(1+1.5%)^-120)/1.5%

= 2,500,000=R(1-0.167)/1.5%

=2,500,000=R* 0.8325/1.5% =

=2,500,000=R* 55.498 =

R=2,500,000/55.498

R=$45,046.66

most Quarterly payment that can be with drawl is R=$45,046.66/-

7 0

3 years ago

If the United States wanted to reduce the cost of its goods in foreign markets, it could ________ its currency.

Kruka [31]

Answer:

Devalue its currency

Explanation:

Exchange Rate is the conversion rate of domestic & foreign currency.

Eg $1 = _ € .

Devaluation means deliberate fall in value of domestic currency in terms of foreign currency (increase in foreign exchange rate) , under fixed exchange rate by government.

Eg : $1 = 5€ - change to - $1 = 7€ . This implies dollar can purchase less amount of euro , and has depreciated.

However , this would also lead to reduce the cost of its exports in foreign (here European market) , because US $ has become cheaper in terms of their currency & hence so have been their goods.

3 0

4 years ago

An individual or a company may challenge agency action where such action is _____:

monitta

There may be presence of challenge in an individual or a company when an action is triggered such as having to trigger unwarranted by facts in which will rise challenge and rivalries among the group or in the company itself.

3 0

4 years ago

Suppose that this pure monopoly is subjected to a regulatory commission. if the commission seeks to achieve the most efficient a

Vinil7 [7]

Suppose that this pure monopoly is subjected to a regulatory commission. if the commission seeks to achieve the most efficient allocation of resources for this industry, it should set the price at <u>P2</u>.

A monopoly is a scenario in which there is a single vendor in the market. In traditional financial evaluation, the monopoly case is taken as the polar contrary of ideal competition. with the aid of definition, the call for a curve going through the monopolist is the industry call for the curve that is downward sloping.

A marketplace shape is characterized by a single supplier, selling a completely unique product inside the marketplace. In a monopoly marketplace, the vendor faces no opposition, as he's the sole seller of goods with no close substitute.

A monopoly is a market structure that includes an unmarried vendor who has special management over a commodity or provider. The phrase mono way unmarried or one and the prefix pole in reveals its roots in Greek, meaning “to sell”. Consequently, the word monopoly literally translates to a single supplier.

Learn more about monopoly here: brainly.com/question/13113415

#SPJ4

5 0

2 years ago