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3 years ago

When looking at the purchase of accounting software, things to avoid include

Business

1 answer:

Elenna [48]3 years ago

7 0

Answer:

4) C) software that requires a high annual subscription whether you want the updates or not

Explanation:

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ABC Company owns 30% of the outstanding shares of Teal Company. At the beginning of the current year, the carrying value of Teal

BabaBlast [244]

Answer:

$69,000

Explanation:

Percentage of shares owned by ABC in Teal's company = 30%

This is an example of equity method investment , and a portion of the attributable income at the end of the year is earned and added to the initial stock.

Attributable income is the remaining income after dividends have been settled.

<u>Workings</u>

The opening carrying value of the shares on ABC balance sheet = 60,000

Profit made at the end of the period = 40,000

Dividends paid = 10,000

Attributable income to share holders = 40000-10000 = 30,000

ABC portion of attributable profit = 30000*30% = 9,000

Carrying value at the end of the year = opening carrying value + portion of the attributable profit

=60000+9000=69000

6 0

3 years ago

Kendra worked in a library in missouri processing books and getting them ready for the shelves. her work was recently taken over

Katarina [22]

This is an example of outsourcing, which is when domestic jobs are sent to countries overseas to take advantage of the lower costs.

6 0

3 years ago

Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts tot

Andreas93 [3]

Answer:

The company needs to borrow $25000 and option B is the correct answer.

Explanation:

If the ending amount of cash for the year is less than the desired ending balance, then the company will need to borrow to maintain the desired level of cash balance.

To calculate the amount needed to be borrowed, we first compute the ending cash balance for December. The ending cash balance will be,

Closing Balance = Opening Balance + Receipts - Payments

Closing Balance - December = 14000 + 127000 - 126000

Closing Balance - December = $15000

The difference between the closing cash balance and the desired closing cash balance is the amount that the firm will need to borrow.

Amount need to be borrowed = 40000 - 15000 = $25000

6 0

3 years ago

Susan purchased some municipal bonds yielding 7% annually and some certificates of deposit yielding 9% annually. if susan's inve

Eddi Din [679]

Hey there!

the answers is

Answer:

Certificates of deposits =$.13000

Bonds =$.6000

thank you

Best regards

OFFICIALLYSAVAGE2003

5 0

3 years ago

) Saffron Foods sells jars of special spices used in Spanish cooking. The variable cost is $2 per unit. Fixed costs are $9,000,0

olga nikolaevna [1]

Answer:

C. $4.20

Explanation:

The computation is shown below:

Before that we need to do following calculations

Total costs to be incurred is

= ($2 × 5,000,000 units) + $9,000,000

= $19,000,000

Now

Required return is

= $40,000,000 × 5%

= $2,000,000

So,

Sales price per unit is

= (Total cost incurred + required return) ÷ number of unit sold

= ($19,000,000 + 2,000,000) ÷ 5,000,000 units

= $4.20

6 0

3 years ago