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3 years ago

The first step in transferring journal entry amounts to ledger accounts involves

Business

1 answer:

DochEvi [55]3 years ago

5 0

Answer:

First of all we will check that we had opened the correct ledger account and then we will date and treat the ledger account with the correct entry which means if it should be debited then it should be debited. Secondly, we will add the amount in the ledger acoount to pass the entry to the computer.

This is how journal entries are passed in the Quickbooks, Peachtree, Sage, Tally, Oracle, SAP, etc. (These are the names of accounting softwares used in accounts departments)

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If the price of a sofa is $800 in the u.s. and 2400 pesos in argentina, and the exchange rate is 4 pesos per dollar, what is the

Vesnalui [34]

The real exchange rate ( RER ) is the ratio of the price level abroad and the domestic price level.
RER = ( Nominal Exchange Rate x Foreign Price ) / ( Domestic Price )
The price of sofa is 2,400 pesos in Argentina and the nominal exchange rate is 4 pesos per dollar ( 2,400 : 4 = $600 )
RER = 4 x $600 / $800 = 3
Answer: The Real Exchange Rate is 3 pesos per dollar.

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3 years ago

A manufacturing company has units to produce of 940 units for the month. Each unit requires 3.5 hours of labor to produce. The c

elena-s [515]

Answer:$49,350

Explanation:

The total cost of direct labor for the month will be:= 940 units × 3.5 × $15= $49,350

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2 years ago

Aziz company sells two types of products, Baste and Deluxe . The company provides technical support for users of its products at

klio [65]

Answer:

1.$25

2. Deluxe $13,000

Basic $5,500

Explanation:

1. Calculation to determine the company's cost of technical support per customer service call.

Using this formula

Cost of technical support per customer service call = Expected cost / Expected customer service call

Let plug in the formula

Cost of technical support per customer service call = $150,000 / 10,000

Cost of technical support per customer service call = $25 per customer service call

Therefore the company's cost of technical support per customer service call is $25 per customer service call

2. Calculation to Assign technical support costs to each model using activity based costing

Model Activity Rate (a) Cost driver quantity incurred (b) Allocated Cost (a*b)

Deluxe $25 *520calls = $13,000

Basic $25* 220 calls = $5,500

Therefore the technical support costs assign to each model using activity based costing (ABC) is:

Deluxe $13,000

Basic $5,500

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3 years ago

Suppose a market is initially in equilibrium and demand decreases. The producer surplus will:_____.

ladessa [460]

Answer:

c. be lower since the price is lower and equilibrium moves down along the supply curve.

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3 years ago

natural disasters can happen at any time and have unknown or incalculable effects. based on information from subject matter expe

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0.013 is the annualized rate of occurrence (ARO) for a natural disaster affecting an organization.

Annualised Rate of Occurrence (ARO): An expected frequency of the hazard occurring over the course of a year is known as the Annualised Rate of Occurrence (ARO). ALE is computed using ARO (annualized loss expectancy).

The annualised rate is applicable for a specific amount of time (less than 12 months). It is a mathematical extrapolation of an estimated yearly returns rate. In order to determine it, multiply the monthly change in returns rate by 12 to obtain the annual rate.

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1 year ago