Answer:
The journal entry to record the purchase raw material would include a debit to raw material of $79000 and credit to Raw materials of $109000..
Explanation:
Since the raw material is coming into the company, we have debit raw material and the opening balance is already there in the books of the business. hence raw materials increases.
These are economic policies introduced in South Africa. Other countries have policies that are named in different ways like Zimbabwe they call their policies indeginasation which is meant to bring balance in the economy where there is equal participation by its citizens. In South Africa BEE was introduced specifically for Black Empowerment in redressing the economic ills of the past where most blacks were not participating in the economy of South Africa Equitably with other races hence Black Economic Empowerment Policy came to place. But as South Africa moved towards proper integrated society Broad-Based Black Economic Empowerment (B-BBEE) was introduced which accommodates companies owned by other races but has shareholding of blacks or employees share schemes, And where these companies buy goods and services from BEE companies and are involved on skills development and enterprise development through adopting the BEE companies and develop them.
1. Annual percentage rate
2. Secured card
3. Cash advance
4. Balance transfer
I hope this helps!
Answer:
Explanation:
Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.
For example, at an interest of 5%, $100 in 10 years will be valued at $100 / 1.05^10 = $61.39 today
A budgeting procedure that includes the enter and negotiation of numerous layers of control describes the control philosophy of Participative budgeting.
The required details for Participative budgeting in given paragraph
Participative budgeting is a procedure below which humans impacted with the aid of using a price range are actively concerned within side the price range advent procedure. This method offers lower-stage managers a more feel of possession within side the ensuing price range. A basically participative price range does now no longer take high-stage strategic issues into account, so control desires to offer personnel with hints concerning the general path of the business enterprise and the way their man or woman departments suit into it. When participative budgeting is used for the duration of an business enterprise, the initial budgets paintings their manner up via the company hierarchy, being reviewed and probably changed with the aid of using mid-stage managers alongside the manner.
Advantages of Participative Budgeting
This bottom-up method to budgeting has a tendency to create budgets which might be greater workable than are top-down budgets which might be imposed on a business enterprise with the aid of using senior control, with tons much less worker participation.
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