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2 years ago

At times, an insignificant detail can be important to a significant event. a. True b. False

Business

2 answers:

Minchanka [31]2 years ago

5 0

A. True. You never know what the smallest detail may have.

Murrr4er [49]2 years ago

5 0

Answer:

TRUE

Explanation:

The details in some circumstances are insignificant in the end result, but in some situations can make all the difference. This applies in many everyday situations, but especially in situations that require precision. For example, for an engineer, a signal exchanged on an account (apparently a simple detail) can alter the overall project outcome and cause damage. Imagine the case of an engineer who makes a mistake in building a bridge. This can make the project unsafe because calculations of this type of project must be accurate. Therefore it is important to pay attention to details.

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Brown Company provided services to a customer and immediately collected $1,900 cash. Show how to record the transaction to the T

hjlf

Answer:

credited; right; debited; left

Explanation:

The journal entry to record this transaction is shown below:

Cash A/c Dr $1,900

To Service revenue A/c $1,900

(Being the cash is collected)

It to be displayed in T accounts

For cash account

Cash

Debit side

Service revenue $1,900

For service revenue account

Service revenue

Credit side

Cash $1,900

So, the cash account would be debited and would be displayed on the left hand side while the service revenue would be credited and would be displayed on the right hand side

8 0

2 years ago

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400.

nasty-shy [4]

Answer:

$3,340

Explanation:

Step 1 : Determine the Depreciation rate

Depreciation rate = Cost - Salvage Value ÷ Estimated Units

Depreciation rate = $0.10

Step 2 : Depreciation Expense

Depreciation Expense = Depreciation rate x units produced

Depreciation Expense = $3,340

Therefore,

the machine's second-year depreciation using the units-of-production method is $3,340

4 0

3 years ago

The amount of something that is produced compared to the resources taken to product it is called _________.

Mariulka [41]

The answer is efficiency

3 0

2 years ago

Why wouldn't investors invest all of their money in software companies instead of in less profitable companies? (Focus on risk

Tamiku [17]

Answer and Explanation:

Risk and return are equal companions if we invest in a market with a higher risk that's mean this type of market provides a higher return.

If Investors invest their whole money in the high-risk market for there high return, may they get a huge loss.

So, The exposure must be balanced by investments in diversified markets with different risk weights.

7 0

3 years ago

Gabriele Enterprises has bonds on the market making annual payments, with eight years to maturity, a par value of $1,000, and se

iVinArrow [24]

Answer:

Coupon rate = 5.8%

Explanation:

The price of a bond is the present value (PV) of the future cash flows discounted at its yield.

So we will need to work back to ascertain the coupon rate

Step 1

Calculate the PV of redemption value and PV of interest payments

PV of Redemption

= 1.067^(-5) × 1000

=723.06

PV of the annual interest rate

= price of the bond - PV of redemption

= $964- 723.06

= 240.934

Step 2

Calculate the interest payment

Interest payment = PV of redemption value / annuity factor

Annuity factor =( 1 -(1+r)^(-n) )/r

Annuity factor at 6.7% for 5 years

Factor =( 1-1.067^(-5) )/0.067

= 4.1333

Interest payment = PV of the annual interest rate / Annuity factor

Interest payment=

=240.93/4.1333

=58.290

Step 3

Calculate the coupon rate

Coupon rate = interest payment/ par value

Coupon rate = (58.290/1000) × 100

= 5.8%

Coupon rate = 5.8%

4 0

3 years ago