<u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.
<h3>
What is the need for accounting?</h3>
Accounting is essential in the company because it allows you to track income and expenses, maintain statutory compliance, and offer quantitative financial information to investors, management, and the government for use in making business choices.
Therefore, <u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.
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Answer:
The correct answer is B.
Explanation:
Giving the following information:
Designer Dollhouses manufactures dollhouse kits that are meant to be assembled by customers. Each kit sells for $60 and has $12 in fixed production costs and $10 in variable production costs. Rather tha selling these kits, the firm is thinking about selling the dollhouses fully assembled for $95 each. The variable costs for assembling one dollhouse are expected to be $14.
Contribution margin Kits:
CM= selling price - unitary variable costs
CM= 60 - 12= 48
CM assembled:
CM= 95 - 12 - 14= 69
Effect in Net income= 69 - 48= 21
Answer: a. No, because Clarissa didn't meet all the requirements of the offer,
Explanation:
With regards to the information provided in the question, the offer won't be accepted because Clarissa didn't meet all the requirements of the offer.
Since Calvin told Clarissa that she can only accept the offer by mailing the money to arrive by September 2 at his university mailbox but the money eventually arrives in the mailbox by August 30th, although Calvin doesn't retrieve his mail alongside the payment until September 4th.
Answer:
We will be able to purchase fewer goods and services.
Explanation:
Appreciation of a currency in terms of another currency implies an increase in the worth of a currency in terms of another currency.
An appreciation in the value of peso in terms of dollars means that the worth of peso has increased in terms of dollar.
In other words, the worth of dollar in terms of peso has decreased. The value of $1,000 will decline.
So, a tourist in Mexico with $1,000 will be able to buy fewer goods an services.
Answer:
Explanation:
Corporate level tax on $200,000 is $61,250
Cash(After Corporate tax)= 
Individual tax on $138,750(15%)=
Hence, net after tax cashflow :
