Answer:
a) Jackie's accounting profit of just zero, her revenue have to be $5000
b) The revenue would give Jackie an economic profit of just zero is $67,000
Explanation:
a) $5,000 is the only cost that would have to add to the accounting profit calculation, which is the cost of upgrading her computer equipment every year as she runs the business out of a room in her home. For her accounting profit to be just equal to zero, her total revenue would have to be $5,000 to meet the requirement.
b) Total revenue is $67,000, which includes the cost of equipment upgrade, the opportunity cost of not renting out the room, and the opportunity cost of Jackie’s time. All the costs that will add to the calculation for the economic profit of the company. Jackie’s total revenue would have to be $67,000 to be just zero to meet the requirement.
Explanation: A well-documented procure-to-pay process:
Creates a frictionless environment where your employees get what they need without uncertainty. ...
Ensures consistent oversight into purchases and adherence to budgets and departmental prerequisites.
Reduces risks of ordering from unknown suppliers or making out-of-process, unsanctioned purchases
It increases visibility, reduces redundancy, and allows finance to track, analyze, and forecast spending
P.s hopes this helps!
The assets that should be recorded in the balance sheet are $320 billion.
The computation of the asset is given below:
= Loans made to Commercial Banks + All Other types of Assets + Securities
= $255 billion + $64 billion + $1 billion
= $320 billion
Therefore we can conclude that the assets that should be recorded in the balance sheet are $320 billion.
Learn more about the balance sheet here: brainly.com/question/22988522
I think that’s a extremely awkward way of telling you he thinks you’re cute
To record the purchase of merchandise there are two methods:
1) under Perpetual Inventory System the entry is
Inventory (Dr) 360000
Accounts payable (Cr) 360000
2) under Periodic Inventory System the entry is
Purchase (Dr) 360000
Accounts payable (Cr) 360000
