The 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.
As regards the options, 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.
Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>
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The sub-treasury plan, the federal government would hold crops in public warehouses and issue loans on their value until they could be profitably sold.
<h3>Why did Farmers face an increasing debt load in the late 1800s?</h3>
They were caught between increased costs and falling prices.
<h3>
Why did the Grange movement focus on reducing prices that railroads and grain elevators charged? </h3>
Farmers relied on railroads and grain elevators but were forced to pay higher than usual rates.
<h3>
To learn more about sub-treasury system visit:</h3>
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Answer:
The correct answer is letter "E": cash flow to stockholders.
Explanation:
The cash flow to stockholders is the amount of money a firm pays to its debtholders and stockholders. It is calculating by subtracting the <em>dividends paid minus new equity</em> -if raised any. The Board of Directors determines the amount and the period to be considered for the dividends and if they are paid from the organization's current earnings or the reserve revenues.
Answer
Option C
Decrease in cost $132,672
Explanation:
T<em>o determine the increase or decrease in costs associated with making, we will compare the relevant costs of the two options as follows</em>
<em> $</em>
Variable cost of making 10
Variable cost buying <u>14</u>
Savings in cost per from making 4
Total cost savings (decrease) 4 × 33,168 = $132,672
Decrease in cost as result of making =$132,672
Answer:
$5,472
Explanation:
Calculation for Alison record of purchase :
First step
Invoice price ×Percentage of payment term
Where:
Invoice price =$5,700
Percentage of payment term =96%
(100%-4%)
Second step
$5,700×96%
=$5,472
Therefore Alison should record the purchase at: $5,472
