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3 years ago

What are the two serious problems of traditionalist account?

2 answers:

6 0

Problems with traditional accounting practices include inaccurate and ineffective performance measurement on businesses operating in non-conventional ways. Over time, traditional accounting practices need to adjust to match changing characteristics of the business they measure.

anzhelika [568]3 years ago

3 0

Answer:

math promlem and science problem

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For the year ended December 31, 2019, Davidson Mart had sales of $800,000 and cost of goods sold of $600,000. Davidson estima

Anit [1.1K]

Answer:

800,000/600,000=1.33

Profit percentage = 1.33-1=0.33=33%

0.02*800,000=16,000 worth of goods returned

Profit= 0.33*16,000=5280

COGS= 16,000-5280=10,720

Adjusting Entry

Debit Credit

Goods returned 10,720

Profit 5,280

Cash 16,000

Explanation:

3 0

3 years ago

During the month of April, direct labor cost totaled $9,750 and direct labor cost was 30% of prime cost. If total manufacturing

MatroZZZ [7]

Answer:

manufacturing overhead= $42,000

Explanation:

Giving the following information:

Direct labor= $9,750 (30% of prime costs)

Total manufacturing costs= $74,500

<u>First, we need to determine the direct material costs. We know that prime costs are the sum of direct labor and direct material.</u>

Prime costs= direct labor / 0.3

Prime costs= 9,750 /0.3

Prime costs= $32,500

Direct material= 32,500 - 9,750

Direct material= $22,750

<u>Now, we can calculate the manufacturing overhead:</u>

Total manufacturing costs= direct labor + direct material + manufacturing overhead

74,500 = 9,750 + 22,750 + manufacturing overhead

manufacturing overhead= $42,000

8 0

3 years ago

Select the correct answer.

riadik2000 [5.3K]

According to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

<h3>What is responsibility?</h3>

It is the quality of that individual who fulfills his obligations and assumes the consequences of his acts.

Through it, individuals make decisions consciously and take responsibility for the consequences that may arise from them, in addition, it implies the commitment to fulfill agreements and obligations.

Therefore, we can conclude that according to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

Learn more about responsibility here: brainly.com/question/12656357

#SPJ1

7 0

2 years ago

Businesses can legally employ only those workers who a. Were born in the United States b. Have immigrated to the United States b

MariettaO [177]

Only workers who can demonstrate documentation of eligibility to work in the United States (US) are allowed to work<u> legally </u>in the United States, option (C) is the correct answer.

<h3>Who can be legally employed?</h3>

A country should not employ (and it is unlawful to do so / informal company) someone who is not legally permitted to work in the United States (US), an illegal immigrant is an example).

However, if you have a Visa, <u><em>you can </em></u>work in the United States without being a US citizen.

In either situation, the only stipulation is that the company wants you and that you are willing to accept the <u>compensation</u> they are providing.

For more information about legal employment, refer below

brainly.com/question/19586370?referrer=searchResults

4 0

2 years ago

Following is information on an investment considered by Hudson Co. Assume the investment has a salvage value of $20,000. The com

zalisa [80]

Answer:

net present value is

$228,652.29-$200,000.00

=$28,652.29.

Explanation:

Net cashflows

Year 1= 100000

Year 2= 90000

Year 3= 95000 (75000+ 20000)

Totals= 285000

Present value at 12%

Formula for present value=

1/(1+r)^n

where r= interest rate

n= number of years

Year 1=1/(1+0.12)^1 =0.8929

Year 2=1/(1+0.12)^2= 0.7972

Year 3=1/(1+0.12)^3 =0.7118

Present value of net cash flows =

Present value × net cash flows.

Year 1= 0.8929 × 100000= $89,285.71

Year 2=0.7972 ×90000= $71,747.45

Year 3=0.7118×95000= $67,619.12

Totals = $228,652.29

Amount invested= $(200,000.00)

Net present value (NPV) is referred to as the difference between the present value of cash inflows and the present value of cash outflows over a period of time. Net Present Value is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project.

Therefore, net present value is

$228,652.29-$200,000.00

=$28,652.29.

7 0

3 years ago

What are the two serious problems of traditionalist account?​

What are the two serious problems of traditionalist account?