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Dafna1 [17]
3 years ago
10

Why are business transctions important

Business
1 answer:
Jet001 [13]3 years ago
6 0

Answer:

Good records allow you to identify all of your assets, expenses, income, and liabilities. This lets you see the strengths and weaknesses of your business, which will enable you to make better financial decisions. Accurate accounts give real-time data for better reporting and forecasting.

HOPE THIS HELPED!!!!!!!!!!!!!XDDDDDDDDDDD

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In a work center, machine A has a 10-minute set-up time per batch and a 2-minute per unit run time. Machine B performs the ident
Black_prince [1.1K]

Answer: The answer is b Batches of more than 20 units should be run on machine B

Explanation:

Machine A = 10 + 2Q

Machine B = 30 + 1Q

Equate the two equation, we have

10 + 2Q = 30 + 1Q

Collect the like terms, we have

10 - 30 = 1Q -2Q

20 = Q

Therefore Q = 20

The correct answer is B

3 0
3 years ago
City Taxi Service purchased a new auto to use as a taxi on January 1, 2018, for $36,000. In addition, City paid sales tax and ti
laiz [17]

Answer:

Depreciation expense for 2018 and 2019 is $6,640 for each year

The amount of gain or loss that would be recognized on the asset disposal is -$2,920 (a loss)

Explanation:

Depreciation is the systematic recognition of the cost of an asset in the p/l overtime as a result of use. When accumulated, it is known as accumulated depreciation which is deducted from the cost of the asset to get the net book value or carrying amount of the asset. The cost of the asset includes all necessary cost incurred to make the asset available for use.

The cost less the salvage value divided by the estimated useful life gives the annual depreciation.

Total cost = $36,000 + $1,200

= $37,200

Annual depreciation

= ($37,200 - $4,000)/5

=$6,640

Net book value on 1 January 2020

= $37,200 - 2($6,640)

= $23,920

Gain/(loss) on disposal

=$21,000 - $23,920

= -$2,920

7 0
4 years ago
While reviewing the books at his firm, Chad Cooper noticed discrepancies between how the firm recorded revenues last year and ho
telo118 [61]

Answer:

The correct answer is letter "D": the services of an independent auditor.

Explanation:

Every time an internal auditor feels there is inaccurate information on the company's books, <em>requesting for an external audit of a Certified Public Accountant (CPA) is a valid option</em>. Auditors must clarify any piece of information that seems ambiguous in a firm's general ledger. Otherwise, if mistakes or fraud are found, the auditor can be considered an accomplice of such activities.

5 0
3 years ago
If you were to apply for an administrative personnel position, what might you explain about yourself so that you sound qualified
gtnhenbr [62]
I am good at filing and organizing paper
5 0
3 years ago
Assuming Dell sales will grow 50% in 1997, how might the company fund this growth internally?
stealth61 [152]

Dell can fund this growth internally by:

  • The $469 million increase in current liabilities serves as a source of funds.
  • The estimated increase in net profits to $395 million is approximately $123 million.
  • The short-term investment is assumed to be the same as in 1996, namely $591 million.

<h3>What is funding?</h3>
  • Business financing is a funding option that allows business owners to obtain business loans to cover expenses such as temporary cash flow interruptions, expansion projects, stock and equipment, and seasonal spikes in activity.
  • Retained earnings, debt capital, and equity funding are the three major sources of corporate financing.

So, according to the given chart:

  • As a result, an additional operating asset of $794 million is required to sustain growth.
  • The $469 million increase in current liabilities serves as a source of funds.
  • The estimated increase in net profits to $395 million is approximately $123 million.
  • The short-term investment is assumed to be the same as in 1996, namely $591 million.
  • As a result, we can confidently predict that growth will be funded internally.

Therefore, Dell can fund this growth internally by:

  • The $469 million increase in current liabilities serves as a source of funds.
  • The estimated increase in net profits to $395 million is approximately $123 million.
  • The short-term investment is assumed to be the same as in 1996, namely $591 million.

Know more about funding here:

brainly.com/question/25887038

#SPJ4

8 0
2 years ago
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