Answer:
B) The money they saved in the past is worth less in the future
Explanation:
Answer:
Journal entry to eliminate Sale to Peter Company
Debit : Sales Revenue (Sally Company ) $50,000
Credit : Cost of Sales (Peter Company) $50,000
Explanation:
Peter Company and Sally Company are in a group and Peter Company is the Parent whilst Sally Company is the subsidiary.
For 2019 Eliminate an Intragroup Transactions that occur between Peter Company and Sally Company.
The best answer is "C" or demand. Consumers will buy more or less depending on the demand.
I hope this helps!
<em>~cupcake</em>
Answer:
The inventory would be valued at $75 each
Explanation:
From a market approach to valuation,we need to first of all compare the replacement cost and net realizable in order to pick the lower of both values,hence the replacement cost of $75 is lower than net realizable value of $82.50.
As a result, we can then compare the lower of replacement cost and initial cost,such that inventory can then be valued at the lower of both.
From the foregoing analysis,the replacement of $75 each per item is lower than the initial cost $76.50,invariably our inventory is valued at $75 each.
Answer:
✓Batch processing accumulates source documents for a period of time and then processes them all at once.
✓ Online processing enters and processes data as soon as source documents are available.
✓An advantage of online processing is timeliness.
✓ Accounting systems differ with regard to how input is entered and processed.
Explanation:
.
The data processing can be regarded as process which involves set of operations that helps in transforming data to useful information. This encompass Collection of data, sorting of data to suitable format, entry of data. In accounting this process could involve recording, as well posting/closing steps which are required in the journals and ledgers. It should be noted that data processing in accounting can be described as;
✓Batch processing accumulates source documents for a period of time and then processes them all at once.
✓ Online processing enters and processes data as soon as source documents are available.
✓An advantage of online processing is timeliness.
✓ Accounting systems differ with regard to how input is entered and processed.
