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3 years ago

A subsidiary ledger:

Business

1 answer:

ch4aika [34]3 years ago

3 0

Answer:

A subsidiary ledger: is a listing of individual accounts and amounts with a common characteristic.

Explanation:

A subsidiary ledger is a listing of individual accounts with similar characteristics, whose combined balances make up a specific general ledger. The general ledger that captures the summary of the subsidiary ledger is called the master account or control account.

For example, an account receivable subsidiary ledger would comprise the listing of customers with credit purchases; the combined balances would amount to the balance in the accounts receivable ledger.

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A small producer of machine tools wants to move to a larger building, and has identified two alternatives. Location A has annual

xenn [34]

Answer:

Location A is superior to up 40 units. From there Location B is better

Explanation:

Giving the following information:

Location A:

Fixed costs of $100,000

Variable costs of $13,000 per unit.

Location B:

Fixed costs of $300,000.

Variable costs of $8,000 per unit.

The finished items sell for $18,000 unit.

Contribution margin Location A= 18000-13000= 5,000

Contribution margin Location B= 18000 - 8000= 10,000

Income formula location A= 5000*Q - 100000

Income formula location B= 10000*Q- 300000

5000*Q - 100000= 10000*Q - 300000

200000= 5000Q

Q= 40 units

Location A is superior to up 40 units. From there Location B is better.

6 0

4 years ago

What is the difference between accounts payable and accounts receivable?

NeX [460]

Accounts payable - Accurately tracking what's owed to suppliers, ensuring payments are properly approved and processing payments.

$\: \: \: \: \: \: \: \: \: \: \: \:$

Accounts receivable - The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.

5 0

2 years ago

Which of the following statements is true? The lower the discount rate that funds are invested at, the greater the future value.

Snowcat [4.5K]

Answer: The longer the time period that funds are invested, the greater the future value.

Explanation:

When we are discussing about the time value of money, we are simply saying that it's better for one to have money today than wait till the future to have that particular amount of money. For example, if someone tells you to either collect $100 today or wait till next month to collect the $100 bill. According to the time value of money, it's better to collect it now as the person can invest with it and by the time it's a month, the value of the money will be more than $100.

The longer the time period that funds are invested, the greater the future value. This is because for example if for example one keeps $100 for 1 year at 6% per annum, the interest will be $6 for a year but if it's kept for 5 years, the simple interest will be $30.

This shows that the longer the time period that funds are invested, the greater the future value.

8 0

3 years ago

The inspection of meat delivered from chicago to new york is the responsibility of

Misha Larkins [42]

The United States president Donald trump

6 0

4 years ago

Increased Efficiency, Inc. is looking for ways to shorten its cash conversion cycle. It has annual sales of $36,500,000, or $100

seraphim [82]

Answer and Explanation:

The cash conversion cycle refers to the cycle which includes the days inventory outstanding and days sales outstanding and deduct the days payable outstanding

The cash cycle = Days inventory outstanding + days sale outstanding - days payable outstanding

The computation is shown in the attachment below:

As we can see in the attachment the new proposed policy i.e 234.19 days would decrease the cash conversion cycle by 24.27 days as compared with the current proposal policy i.e 258.46 days

6 0

3 years ago