Answer:
d. 11.1 percent inflation between Years 1 and 2, and 5 percent deflation between Years 2 and 3.
Explanation:
Inflation Rate between Current Year and Previous Year = ((Price Index in Current Year - Price Index in Previous Year) / Price Index in Previous Year) * 100
Inflation Rate between Year 2 and Year 1 = ((Price Index in Year 2 - Price Index in Year 1) / Price Index in Year 1) * 100 = ((100 - 90) / 90) * 100 = +11.1111%
Inflation Rate between Year 3 and Year 2 = ((Price Index in Year 3 - Price Index in Year 2) / Price Index in Year 2) * 100 = ((90 - 100) / 100) * 100 = -5%
*Negative value = Deflation
Answer:
Balance Sheet
Explanation:
In accounting, Balance sheet will show a complete listing of assets, liabilities and Equity of a company within a specific time period. (For most companies, the balance sheet will be made at each end of the year)
under the Assets segment, Balance sheet will specify several accounts arranged based on their liquidity. Cash usually put at the top of the list since it's considered as the most liquid assets.
People use balance sheet to give a general measurement on Company's financial health. If for example, they noticed that the liability is significantly larger than their assets, investors might feel discourage to invest in the company.
Answer:
165,000 pounds
Explanation:
The computation of Budgeted purchases of material A for the second quarter is shown below:-
But before that first we need to calculate the raw material production required and total raw material required so that the budgeted purchase could come
Raw materials for production required = Units of required production × Per units of raw material required
= 80,000 × 2
= 160,000
Total raw material required = Desired raw material ending inventory + Raw materials for production required
= (90,000 × 2 pounds per unit × 25%) + 160,000
= 45,000 + 160,000
= 205,000
Budgeted purchases of material A for the second quarter = Total raw material required - Inventory of raw material in beginning
= 205,000 - (80,000 × 2 pounds per unit × 25%)
= 205,000 - 40,000
= 165,000 pounds
Answer:
Month incurred Amount October November December
$ $ $ $
October 240,000 144,000 96,000
November 256,000 153,600 102,400
December 228,000 136,800
144,000 249,600 239,200
The budgeted balance for accounts payable at October 31 is $96,000, which is the 40% of purchases not realized in October.
Explanation:
Purchases for each month are settled 60% in the month of purchases and 40% in the month following purchases. 60% of October purchases are settled in October while 40% are settled in November.
Answer:
The correct answer is B that is electronic bill presentment and payment.
Explanation:
A company Comcast who is advertising a program where the work is paperless. Everything is done with a few clicks of the mouse which in the mode of electronic and the person or an individual get the statements, get a receipt or pay it.
This is an example of the retailers which are offering the electronic bill presentment and payment.