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matrenka [14]
2 years ago
11

Why is the accounting cycle important?

Mathematics
2 answers:
Ivenika [448]2 years ago
5 0
The accounting cycle ensures that all accounts are updated and maintained.
This is important since the accounts receivable representatives will get the company's owed funding to keep the finances balanced.
ankoles [38]2 years ago
4 0
Because without it the economy would fail :)
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Answer:

Final cost = £779

Step-by-step explanation:

It is given that:

Cost of summer holiday =  £650

Amount increased by 11%

Increased cost = 11% of 650

Increased cost = \frac{11}{100}*650

Increased cost = 0.11 * 650 =  £71.50

Amount after increment = 650 + 71.50 = £721.50

Further increase = 8%

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Final cost = 721.50 + 57.72 =  £779.22

Thus,

Final cost = £779

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