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Ghella [55]
2 years ago
7

Match the accounting terminology to the definitions (Click the icon to view the definitions.)

Business
1 answer:
Volgvan2 years ago
7 0

Answer:

a. Accounting.

b. Certified public accountants.

c. Creditor.

d. Managerial accounting.

e. Certified management accountants.

f. Financial accounting.

Explanation:

1. <u>Accounting</u>: information system that measures business activities, processes that information into reports, and communicates the results to decision makers.

2. <u>Certified public accountants</u>: professional accountants who serve the general public.

3. <u>Creditor</u>: person or business to whom a business owes money.

4. <u>Managerial accounting</u>: field of accounting that focuses on providing information for internal decision makers.

5. <u>Certified management accountants</u>: professionals who work for a single company.

6. <u>Financial accounting</u>: field of accounting that focuses on providing information for external decision makers.

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Alpha Company purchased, on account, 3,500 pounds of raw materials at $9 per pound on January 2, 2017. The production manager re
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Answer:

January 2, 2017

Raw Materials $31,500 (debit)

Trade Payable $31,500 (credit)

January 15, 2017

Work In Process $22,500 (debit)

Raw Materials $22,500 (credit)

Explanation:

January 2, 2017

Raw Materials $31,500 (debit)

Trade Payable $31,500 (credit)

3,500 pounds × $9 per pound = $31,500

<em>Recognise the Asset - Raw Materials Inventory and Recognise the Liability - Trade Payable</em>

January 15, 2017

Work In Process $22,500 (debit)

Raw Materials $22,500 (credit)

2,500 pounds × $9 per pound = $22,500

<em>Recognise Cost of Manufacture - Work In Process and De-recognise the Asset - Raw Materials </em>

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2 years ago
Why did advertising emerge as a centerpiece of business activity?
jolli1 [7]
Because the admin did that

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Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2021. Information for 2021 and 2022 is as follows,
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The LIFO method is used to calculate the precent of retail and Current cost to retail % is 67 percent.

<u>Explanation:</u>

Ending inventory at retail as on 12/31/2022 converted to cost = 50600 by1.1 = 46000

Inventory as on 12/31/2021 converted to cost = 42400 by 1.06 = 40000

Inventory added during 2021 = 40,000 minus 30,000 = 10,000

Inventory added during 2022 = 46000  minus 40000= 6000

Inventory layers at base year retail prices:

Beginning inventory = 30000 into 1 into 70% = 21000

Layers added during 2021 = 10000 into 1.06 into 80% = 8480

Layers added during 2022 =6000 into 1.1 into 67% = 4422

Inventory as on 31/12/2022 at cost = 21000 plus 8480 plus 4422 = 33902

Therefore, Current cost to retail % = 66330 by 99000 = 67%

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3 years ago
Imogdi Corporation (a U.S-based company) has a wholly-owned subsidiary in Argentina, whose manager is being evaluated on the bas
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Answer:

$ 182,000

Explanation:

the explanation is shown in the attached file

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2 years ago
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Consider a scenario where a claim of harassment surfaces, employers should only be concerned about their liability if they pursu
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Answer:

The correct answer is letter "A": Fired the employee because of claims of harrasment.

Explanation:

In case an employee has committed a fault and could be found liable for the actions incurred, usually the company that worker belongs to fires the employee. Firms take that decision to avoid any negative image towards the organization that could be reflected in a decrease in sales. However, firms must also be aware of what could be their liability if the employee is found guilty because there is a possibility the firm did not supervise that worker effectively and that is why the fault could take place.

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