Answer:
Explanation:
a business transaction is entered into two accounts because of the rules of credits and debits. every transaction affects at least two different accounts. So you must debit one account and credit another in order to satisfy the accounting equation.
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Answer:
5,880
Explanation:
The computation of number of equivalent units of production is shown below:-
Completed units = 6,000 × 100%
= 6,000
Ending units = 600 × 30%
= 180
Total = Completed units + Ending units
= 6,000 + 180
= 6,180
Beginning units = 500 × 60%
= 300
So, Number of equivalent units of production = Total - Beginning units
= 6,180 - 300
= 5,880
Answer:
relevant
Explanation:
Based on the scenario it can be said that the finder's fee would be considered to be a relevant cost for this decision. This type of cost refers to costs that can be avoided but are instead incurred as a consequence to a specific business decision. Which seeing as the fee in this scenario is only incurred if the company decides to buy instead of leasing then it is a relevant cost.