Answer:
The answer is "The both cash book is used to store transactions are recorded"
Explanation:
Single and Double column cash book:
- A single column cash book is also known as a basic cash book, which is primarily used to record a business cash transactions (both debit and credit sides), it has only a single cash column titled "number" that is annually counted and balanced like that of a T-account.
- A double columns cash book is also known as the two columns cash book, which is used to store both debit, credit, and discount sides, in which one for reporting money transfers and another for recording bank transactions.
Answer:
$152,600
Explanation:
Given that,
September sales = $170,000
October sales = $140,000
Monthly sales are 60% credit and 40% cash.
Of the credit sales, 30% are collected in the month of sale, and 70% are collected in the following month.
Cash collections for the month of October:
= 40% of October sales + 30% of the credit sales in October + 70% of the credit sales in September
= (0.4 × $140,000) + (0.3 × 0.6 × $140,000) + (0.7 × 0.6 × $170,000)
= $56,000 + $25,200 + $71,400
= $152,600
The price elasticity of demand measures by what percent the quantity demanded will change following a 1% price increase.
<h3>What is the price elasticity of demand?</h3>
The price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
For example if price increases by 10% and quantity demanded decreases by 20%, the price elasticity of demand would be 2.
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
Answer:
e) resource costs to individual activities.
Explanation:
Under ABC that is activity based costing system, all the indirect costs are allocated based on activities and ratio of activities in different department.
Therefore, correct option is assignment of the resource cost that is basic cost to individual activities.
As with this we calculate the activity cost per unit of activity, this further allocates cost to the portion of activity to each department.