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3 years ago

Which of the following indicates at least two accounts are affected by a transaction?

Business

1 answer:

makvit [3.9K]3 years ago

3 0

Answer:

Double-entry system

Explanation:

The double-entry system is a book-keeping technique that records all transactions in at least two accounts. No upper boundary is set for the number of accounts that a transaction can be recorded. In double-entry accounting, each account has two columns, debit on the left and credit on the right side.

The concept of a double-entry accounting system is based on the fact that any transaction increases or decreases one side of the accounting equations and simultaneously decreases or increases the opposite side. The debit side must match the credit side for the account to balance.

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The three principal levels of hierarchies within a business organization are:

tester [92]

Answer:

Senior management, middle management and operational management.

Explanation:

Hierachy can be described as a method of structuring an organisation into various level from the top to the bottom, with each level having their defined role and authority in the organisation.

Senior management is the highest level in an organisation, they are responsible for supervising and controlling the daily activities that goes on in the company. They are known as the top decision makers.

Middle management is below the senior management, they are not responsible for decision making but are assigned to control the activities of the workers, they also help to inspire and motivate the workers inorder to increase productivity.

Operational management is directly responsible for the production of goods and services, they control the available materials which is needed to manufacture goods.

7 0

3 years ago

Fact Pattern 28-2 Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly fast

katrin [286]

Answer:

C. All of Adam's profits

Explanation:

If Adam is found guilty of using insider information from the company Beta Computer to gain profits by buying and selling stock of the company. He can be sued by the other security holders and will be held liable to pay all of his profits made with that trade. under the Section 16{b} of the Securities Exchange Act of 1934.

7 0

3 years ago

A man of seemingly modest means died, leaving his nephew as his sole heir. Among the items inherited by the nephew were some old

nignag [31]

Answer:

The response to these questions can be defined as follows:

Explanation:

In the given scenario, the buyer was requested that perhaps the nephew give him the paintings and threatened to sue if they did not. Because the nephew said to the buyer that uncle possibly has painted the nephew's painting are used to give them the best basis to cancel the agreement with both the buyer.

5 0

2 years ago

Corporation produces a semiconductor chip used on communications. The direct materials are added at the start of the production

iren2701 [21]

Answer:

Equivalents Units Of Production Materials= 475,000

Conversion Costs 450,000

Cost of Completed Units =$ 5138250

Cost of Units in the Ending Inventory $ 604,500

Explanation:

Direct materials costs of $ 935,750

Conversion costs of $ 4,554,000

Total Manufacturing Costs $ 5489,750

Units % of Completion EUP

D.M C.C D.M C.C

Units completed 425,000 100 100 425,000 425,000

Ending Inventory 50,000 100 50 50,000 25000

Total Units Of Production 475,000 450,000

Direct Materials= $ 935,750/ 475000= $ 1.97

Conversion Costs = $ 4,554,000/ 450,000= $ 10.12

Cost of Completed Units =$ 5138250

Direct Materials = 425,000 * 1.97= $ 837250

Conversion Costs = 425,000 *10.12= $ 4301,000

Total Cost of Manufacturing Units= $ 5138250

Cost of Units in the Ending Inventory $ 604,500

Direct Materials = 50,000 * 1.97= $ 98,500

Conversion Costs = 50,000 * 10.12= 506000

Total Costs $ 604,500

7 0

3 years ago

Jim has part ownership in a house. He has decided to sell his interest. He signs an agreement with a local real estate designate

Scilla [17]

Answer:

joint tenant

Explanation:

Based on the information provided within the question it seems that Jim is most likely holding his part ownership as joint tenant. This is a unique type of ownership in which more than one individual share ownership of a property. These individuals share the exact same amount of rights to do with the property as they wish. Which is why Jim was able to sign away his part of the ownership without informing the other owners.

3 0

3 years ago