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3 years ago

Drag each tile to the correct box.

Business

1 answer:

ladessa [460]3 years ago

5 0

Answer:

Match the invoice with the PO.

Record the transaction in the system.

Post the transaction to a ledger

Generate unadjusted Trial balance

Prepare adjusted Trial Balance.

Issue Financial statements

Closing entries

Post closing Trial balance.

Explanation:

The accounting procedure is followed to record any transaction of the business. The transaction are recorded in the system and then these transactions are posted into ledger which forms the trial balance and then financial statements are prepared.

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Functions of Material Management:

satela [25.4K]

Answer:

the function responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide a pre-decided service to the customer at a minimum cost

8 0

3 years ago

What transactions are included in income from continuing operations? briefly explain why it is important to segregate income fro

Advocard [28]

<span>Transactions that are included in continuing operations are income from revenue,expenses, gains and losses.These are the components that will probably continue in future periods. It is important to segregate income from continuing operations from other transactions that affecting net income, because the information will help analysts predicts future cash flows.</span>

3 0

3 years ago

S. S. Sarkar (S.S.S.), a real estate investment company, is considering investing in a shopping center. The sale price is $5,000

Alex777 [14]

Answer:

S.S.S. should not purchase the shopping center because its NPV is negative, i.e. -$1,952,890.30

Explanation:

Note: See the attached file to see how the net present value is calculated.

From the file, it can seen that the project will result in a negative NPV of $1,952,890.30. Therefore, S.S.S. should not purchase the Shopping center.

Download xlsx

7 0

3 years ago

"A customer contributed $20,000 to a variable annuity contract. The account value has grown over the years and the NAV is now $3

Aleonysh [2.5K]

Answer: C. $15,000 of the distribution is taxable and $5,000 is not taxable

Explanation:

The options to the question are:

A The entire $20,000 distribution is not taxable

B $5,000 of the distribution is taxable and $15,000 is not taxable

C $15,000 of the distribution is taxable and $5,000 is not taxable

D The entire $20,000 distribution is taxable

It should be noted that variable annuity contributions are typically not tax-deductible. Since the customer contributed $20,000 to a variable annuity contract and the account value has grown over the years and the NAV is now $35,000; when the customer takes a lump-sum distribution of $20,000. From the $20,000, $15,000 of the distribution is taxable and $5,000 is not taxable.

5 0

3 years ago

Tabitha Robertson bought 80 shares of White Air Lines stock at $13.20 per share. She held the stock for one year and sold it at

Nonamiya [84]

Answer: $2569.00

Explanation:

Purchase price per share = $13.20

Number of shares = 80

Commission on transaction = $0.03 per share plus $27

Sales prices per share = $45.68

Total Purchase price = ( number of shares × purchase price per share)

Total Purchase price = (80 × $13.20) = $1056.00

Total Sales price = (number of shares × sales price per share)

Total Sales price = (80 × $45.68) = $3654.40

Commission = $27 + (80 × 0.03) = $29.40

Profit or loss = Total Sales price - Total purchase price - commission

Profit or loss = $3654.40 - $1056.00 - $29.40

Profit = $2569.00

7 0

3 years ago