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velikii [3]
3 years ago
8

A subsidiary ledger:(A) used in place of the general ledger if the general ledger is destroyed or stolen.(B) a group of accounts

used by branches and subsidiaries of a corporate business.(C) a group of accounts with a common characteristic that provides detailed information about a control account in the general ledger.(D) used to post excess transactions if a general ledger account becomes full during an accounting period.
Business
1 answer:
gayaneshka [121]3 years ago
3 0

Answer:

The correct option is C

Explanation:

Subsidiary ledger are those kind of the ledger which is stated as the group of the similar or common accounts, whose combined balances are equal to the balance in the particular account of general ledger.

The general ledger is the account that summarizes or provide detailed information of the account balances of the subsidiary ledger is recognized as the control account or the master account.

The subsidiary ledger are those group of accounts which have a similar characteristic and provide summarized information regarding the control account.

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You've decided to buy a house that is valued at $1 million. You have $350,000 to use as a down payment on the house, and want to
IRISSAK [1]

Answer:

d. 5704.02

Explanation:

Nper = 30*12 = 360

Rate = 10%/12 = 0.008333

PV = 650,000

Using the MS Excel function:

Monthly payment = PMT(RATE, NPER, -PV)

Monthly payment = PMT(10%/12, 360, -650000)

Monthly payment = $5,704.02

8 0
3 years ago
A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department.
atroni [7]

Answer:

  • a. <em>Break-even quantity:</em> <u>28,000 pens</u>

  • b<em>. Price</em>: <u>$1.51 per pen</u>

Explanation:

1. Break-even quantity

<u>a) Revenue, R(x)</u>

The  monthly revenue is the product of the price by the number of units sold in the month.

Naming x the number of pens sold in the month:

  • R(x) = $1 × x = x

<u>b) Cost, C(x)</u>

<u />

The monthly cost is the sum of the fixed cost per month plus the variable costs:

  • C(x) = $21,000 + 0.25 × x = 21,000 + 0.25x

<u>c) Break-even</u>

Break-even is the point when the revenue and the total costs are equal, this is, when the profit is zero. Write the equation and solve:

  • x = 21,000 + 0.25x
  • x - 0.25x = 21,000
  • 0.75x = 21,000
  • x = 21,000 / 0.75
  • x = 28,000

Hence, the break-even quantity is 28,000 pens.

2. Price pens must be sold to obtain a monthly profit of $18,000

Profit = Revenue - Total cost

  • P(x) = R(x) - C(x)

  • P(x) = x.p - [ 0.25x + 21,000]

Where p is the price.

  • P(x) = x.p - 0.25x - 21,000

Substitute the quantity demanded, x, with 31,000, and the profit, P(x) with 18,000:

  • 18,000 = 31,000p - 0.25(31,000) - 21,000

Solve for p and compute:

  • 31,000p = 18,000 + 7,750 + 21,000

  • 31,000 p = 46,750

  • p = 1.51

That is $1.51 per pen.

4 0
3 years ago
J.D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following
lorasvet [3.4K]

Answer:

a. Did you purchase or lease the vehicle?  CATEGORICAL DATA

b. What price did you pay?  QUANTITATIVE DATA

c. What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average,  Outstanding, or Truly Exceptional)  CATEGORICAL DATA

d. What is your average miles-per-gallon?  QUANTITATIVE DATA

e. What is your overall rating of your new vehicle? (l- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) QUANTITATIVE DATA

Explanation:

Quantitative data can be measured in numbers, e.g. 20 miles per gallon. While categorical data refers to non-numerical responses, e.g. higher quality, better looks, and is generally obtained by choosing one response from a group of available answers.

5 0
3 years ago
____________ transforms resource inputs from the environment into product outputs.
Shtirlitz [24]

Answer:

Open system

Explanation:

7 0
3 years ago
Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time i
nikitadnepr [17]

Answer and Explanation:

The classification is as followS:

<u>Transactions                                 Accrual basis        Cash basis </u>

1. Cash received in advance      Not record              record the revenue

2. Purchase supplies                  Not record              Not record the expense

3. Received cash for services     record  revenue       record revenue

4. Perform services                     Record revenue       Not record the revenue

5. Pay cash for the supplies         Not record          record the expense

In this way it should be classified

4 0
3 years ago
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