Answer: C. it's a good time to buy the wood.
Explanation:
$500 = 738NZ dollars, therefore 738 NZ dollar ÷ $500 = 1.476NZ dollar
The current exchange rate is $1 = 1.476NZ dollar
10 foot slab costs $5000, Tee Golf Resort will pay $ 3387.53 ($5000/1.476NZ)
if they import wood from New Zealand. Tee Golf Resort will pay less than $5000 if they import Wood from New Zealand at the current exchange rate. This is a Good time for them to import woods
The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>
<h3>What is Bookkeeping?</h3>
Bookkeeping is the process of recording financial transactions. It entails preparing reference papers for all company transactions, activities, and other occurrences.
The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.
Learn more about Bookkeeping here:
brainly.com/question/25572872
Answer:
The answer is false
Explanation:
Base on the scenario been described in the question, comparing the two firm and saying there will not reach into a conclusion to which firm is better manage is false, this is because the difference in debt is a result of better management, and this could be the cause of Firm A's higher profit margin. So the claim was false
Answer:
increase total assets by $1,300.
Explanation:
The net effect is shown below
The first entry is
Cost of goods sold Dr $2,300
To Merchandise Inventory $2,300
(Being the cost of inventory is recorded)
Now the second entry is
Account receivable Dr 3,600
To Sales revenue 3,600
(Being the sales is recorded)
Now the net effect is
= 3,600 - 2,300
= 1,300
This 1,300 reflect the increase in the total assets
