Answer:
The following are the advantages of maintaining books of original entry: (i) Future references to transactions become easy as transactions of similar nature are recorded in one journal. (ii) Mistakes in ledger accounts can be easily detected. (iii) Chronological recording of transactions reduce the chance of frauds.
Explanation:
Answer:
$80,000
Explanation:
Given that the sales revenue = $1000000
Labor= $600,000
Capital= $150,000
Materials =$200,000
Total expenditure= $(600,000+150,000+200,000)=$950,000
Profit=$1000,000-$950,000=$50,000
Income from renting the space for a year=$30,000
Total economic profit last year= $50,000+$30,000 =$80,000
Answer:
By finding a factor that all have in common: that they are currently in the company and know how it works.
Explanation:
The manual that employees will have aboutthe new accounting system has to be the easiest to ready as possible. As the text mentions, in the company I have experienced accountants and others that are not and employees from different degree levels. Some might understand certain infromation and some might not.
However, what they all have in common is that they are all working in the company and know the current accounting system, because is something that concerns them, even though they have years working them, are new or are not going to last longer.
The best I can do is take advantage of that fact and show them the differences between the old accounting system with the new ones, by that way they will be able to land the information and understand it correctly.
260
I'll use the variable x as the number of standard downloads. Since the high quality song was downloaded 4 times as much, that will be 4x. And the sum of the number of downloads of each type multiplied by their sizes equals 4836. So the equation becomes:
2.2x + 4.1(4x) = 4836
Now we just need to solve for x.
2.2x + 4.1(4x) = 4836
2.2x + 16.4x = 4836
18.6x = 4836
x = 260
So there were 260 downloads of the standard version.
