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4 years ago

Which of the following is an internal accounting report?

1 answer:

8 0

Answer: Internal reporting involves the compilation of financial and operational information on a frequent basis, which is distributed to those within an organization who can use it to improve performance. ... Internal reports are not shared with anyone outside of the firm.

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What does the term “base material” refer to with respect to masonry fasteners?

lilavasa [31]

The term “base material” with respect to masonry fasteners refers to concrete, brick or block.
Concrete anchors are used to solve concrete fastening problems.

5 0

3 years ago

Read 2 more answers

The Fisher effect states that Group of answer choices any forward premium or discount is equal to the actual change in the excha

attashe74 [19]

Answer:

the nominal interest rate differential reflects the expected change in the exchange rate.

Explanation:

The Fisher Effect was developed by Irving Fisher and is shows the relationship between real interest rates, nominal interest rates and inflation.

Fisher's theory states that real interest rate = nominal interest rate - inflation rate.

The International Fisher Effect describes the relationship between two different currencies and how they are proportionally affected by changes in their exchange rate.

7 0

3 years ago

A company purchased $2,900 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $320 worth of merchandise. On

DerKrebs [107]

Answer:

C) 2,554

Explanation:

When a company purchase a merchandise inventory on account, the journal entry to record the merchandise inventory is -

July 5 Merchandise Inventory Debit $2,900

Accounts payable Credit $2,900

After returning the merchandise of $320, the due amount = $(2,900 - 320) = $2,580

As the supplier sets the term as 1/10, n/30, it means if the buyer pays within 1 day, the purchaser will receive a 1% discount, but has to pay the amount within 30 days.

As the company pays the amount within 4 days of purchase (July 5 to July 8), the company will get the discount after the sales return.

Therefore, the company will pay cash = $2,580 - ($2,580 × 1%)

= $2,580 - 26

= $2,554

Therefore, option c is the correct answer.

8 0

3 years ago

Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year c

ElenaW [278]

Answer:

$444

Explanation:

Hi, I have attached the full question as an image below.

The period payment is the installment amount required to be paid on the loan. Installments are made after different periods for different loans in a year. Some instalments may be paid once or twice during the year. These instalments comprise the interest charge and the repayment of the principle until the loan matures (the future value becomes $0).

So given the data as :

Principal (PV) = $30,000

Interest (I/YR) = 4 %

Period per year (P/YR) = 6

Total Periods (N) = 15 × 6 = 90

Future Value (FV) = $ 0

Payment (PMT) = ?

Inputting the data in a financial calculator as : (PV) = $30,000, (I/YR) = 4 %, (P/YR) = 6, (N) = 15 × 6 = 90 and (FV) = $ 0 we can solve PMT as $444

Conclusion ;

Periodic payment R required to amortize a loan is $444

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3 years ago

Is boohoo a good website?

koban [17]

Answer: From what I've heard ,yes!

Explanation:

6 0

3 years ago