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Lesechka [4]
3 years ago
5

Differentiate between piecemeal and time related salary determination methods

Business
1 answer:
NemiM [27]3 years ago
8 0

use this link

brainly.com/question/18427994

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The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting e
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Answer: The general journal is used to post all accounting entries.

Explanation:

The general journal is the journal where all company transactions are recorded in. In other words, a general journal is the book of original entry where bookkeepers and accountants record business transactions according to the date the transactions take place.

It is the initial place where transactions are recorded, every page in the journal is divided into columns for dates, debit or credit records, serial numbers etc. Some companies keep specialized journals, such as sales journals or purchase journals, which records only a particular type of transactions. When a transaction has been recorded in the general journal, the amount is then posted to the appropriate accounts.

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What is the great advantage of competitive markets?
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Select examples of public goods provided to everyone by the government
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Career skills refer to the complicated tasks performed on the job <br><br> T or F
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You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A co
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The equivalent annual costs of each model are as follows:

                                                Model A       Model B

Equivalent annual costs     $2,389.26   $3,008.47

Data and Calculations:

                                              Model A       Model B

Costs of motorcycle              $8,200        $13,600

Expected years of usage      7 years        9 years

Annual maintenance costs    $760          $740

Cost of capital = 9%

Annuity factor                       5.03295        5.99524

PV of annual maintenance  $3,825.04   $4,436.48

Total NPV of costs             $12,025.04  $18,036.48

Equivalent annual costs   $2,389.26  $3,008.47

                          ($12,025.04/5.03295)  ($18,036.48/5.99524)

Thus, the equivalent annual costs of each model are the dividend of the Total NPV costs divided by the Annuity Factor.

Learn more about the equivalent annual costs (EAC) here: brainly.com/question/25343720

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2 years ago
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