1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note
Y_Kistochka [10]

Answer:a credit to  Interest revenue for $200

Explanation:

Interest =  Principal x rate x time ( period )

= $10,000 x 6% x 120/360

=$200

    Account titles and explanation               Debit Credit  

                       Cash                                $10,200  

    Note receivable                                          $10,000  

    Interest revenue                                           $200

Therefore, The journal entry that Teal would make to record payment of this note would include a credit to  Interest revenue for $200

5 0
2 years ago
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also assume that in 1984 each buck
goldenfox [79]

Answer:

A= 62.5; B=60%; C = $160,000 and $352,000

Explanation:

A.

in 1984 each bucket of chicken was priced at $10 (nominal GDP)

in 2005 the price per bucket of chicken was $16 (real GDP)

GDP price index = nominal GDP divided by the real GDP × 100

=($10/$16)× 100

= 62.5

B.

In 1984, Price of each bucket = $10

In 2005, Price of each bucket = $16

Percentage difference = price In 2005 - price in 1984/price in 1984 × 100

= (16 - 10)/10 × 100

=6/10×100

=60%

The price level rise by 60% from 1984 to 2005

C.

In 1984, total buckets of chicken produced= 10,000

In 2005, total buckets of chicken produced = 22000

real GDP in 1984 = total buckets of chicken produced × current price per bucket in 2005

= 10,000 × $16

= $160,000

real GDP in 2005 = total buckets of chicken produced in 2005 × current price per bucket in 2005

  = 22000 × $16

= $352,000

7 0
3 years ago
In a survey of a group of people, it was found that 60 0f them have
GalinKa [24]

Answer:

i) 15  ii) 177

Explanation:

Number of people with business = 60

Number of people with farming = 125

Number of people with government jobs = 45

Number of people with business only = 27

Number of people with government jobs only = 15

10 have business and government  job only, 5 have government job and farming only.

i) Let x represent the number of people with all three jobs. Hence:

Number of people with government jobs = number of people with all three jobs + number of people with government and farming job + number of people with government and business + number of people with government job only

45 = x + 10 + 5 + 15

45 = x + 30

x = 15

15 people have all three profession.

ii)

Number of people with business jobs = number of people with all three jobs + number of people with business and farming job + number of people with government and business + number of people with business job only

60 = 15 + number of people with business and farming job + 10 + 27

number of people with business and farming job = 60 - 52 = 8

Number of people with farming jobs = number of people with all three jobs + number of people with business and farming job + number of people with government and farming + number of people with farming job only

125 = 15 + 8 + 5 + number of people with farming job only

number of people with farming job only = 125 - 28 = 97

Number of people surveyed = number of people with all three jobs + number of people with business and farming job + number of people with government and farming + number of people with farming job only +  number of people with government and business + number of people with business job only + number of people with government job only

Number of people surveyed = 15 + 8 + 5 + 97 + 10 + 27 + 15

Number of people surveyed = 177

3 0
2 years ago
You want to create a portfolio equally as risky as the market, and you have $500,000 to invest. Information about the possible i
azamat

Answer:

Investment in stock C is $122450.3311 rounded off to $122450.33

Explanation:

A portfolio which is equally as risky as market should have a beta equal to the beta of the market as beta is a measure of the riskiness. The beta of market is always equal to 1. The formula for beta of a portfolio is as follows:

Portfolio beta = wA * Beta A + wB * Beta B + ... + wN * Beta N

Where w represents the weight of each stock in the portfolio.

Let investment in stock C be x

1 = 146000/500000 * 0.91 + 134000/500000 * 1.36 + x/500000 * 1.51

1 = 0.26572  +  0.36448 + 1.51x / 500000

1 - 0.6302 = 1.51x / 500000

0.3698 * 500000 = 1.51x

1844900 / 1.51 = x

x = $122450.3311 rounded off to $122450.33

4 0
3 years ago
Under the current/noncurrent method
sattari [20]

Answer:

a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).

Explanation:

6 0
3 years ago
Other questions:
  • Max is a chef at a local restaurant. He's making a broth and wants it to have a rich, roasted flavor. Max should add _______ to
    9·2 answers
  • "_____" is the alternative term for "comfort" that is used by the wall street journal as one of the factors to grade jobs.
    6·1 answer
  • The law creates the foundation for ethical behavior.<br><br><br> True<br><br><br> False
    7·1 answer
  • A long-time expert in your field who will guide and advise you in your start-up phase is called a/an
    6·2 answers
  • When an activity threatens to harm the environment or society, policy makers should consider implementing?
    15·1 answer
  • Which of the following theories argues that organizations try to minimize their reliance on other organizations for the supply o
    6·2 answers
  • Goschan Bank is a multinational bank. The employees from the bank's branches in underdeveloped countries are not given higher po
    6·1 answer
  • Why do cats have such small incisors?
    8·2 answers
  • Debt management ratios measure the extent to which a firm uses financial leverage and the degree of safety afforded to . They in
    5·1 answer
  • How to get a refund on Brainly
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!