Answer:
The answer is cost accounting system.
Explanation:
Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.
Answer:
Date Accounts Titles & Explanation Debit Credit
Dec 31 Rent Expense $2,040
($6,120 *2/6)
Prepaid Rent $2,040
Dec 31 Deferred Revenue $525
Service Revenue $525
Dec 31 Salaries Expense $700
Salaries Payable $700
Dec 31 Supplies Expense $2,390
($3,100 - $710)
Supplies $2,390
Demon Deacons Corporation
Adjusted Trial balance
December 31, 2021
Accounts Debit$ Credit$
Cash 9,100
Account receivable 14,100
Prepaid rent 4080
Supplies 710
Deferred revenue 1,575
Salaries payable 700
Common stock 11,000
Retain earnings 5,100
Service revenue 45,245
Salaries expenses 31,200
Rent expenses 2,040
Supplies expenses <u>2,390</u> <u> </u>
Total $<u>63,620</u> $<u>63,620</u>
Prepaid rent = 6,120 - 2,040 = 4080
Supplies = 3100 - 2390 = 710
Deferred revenue = 2,100 - 525 = 1575
Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
The business executives were further complicating a situation that was even that complicated to begin with. Tribal elder or not, the business executives were informed that the man was a tribal elder, thus following through with the gift giving customs. This type of act walks hand and hand with the philosophy behind sending something a card. This act should be seen as an act of respect and continued growth, nothing more. This gift should not have been foreseen as an unethical compromise of any <span>kind, but rather a token of appreciation.
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Answer:
Ranking 10% interest rate:
1) 5 years
2) 10 years
3) 1 year
Raking 2% interest rate:
1) 10 years
2) 5 years
3) 1 year
Raking 18% interest rate:
1) 1 year
2) 5 years
3) 10 years
Explanation:
You have to apply to bring the amount of money to present value, according with the information, the formula is the next:
Present Value = Future Value/((1+ interest rate)^(n))
Where n is the number of years that you have to wait to receive the money.
You have to calculate every situation with the respective amount of time and interest rate, the result must be money. and when you get the 9 results, you have to compare every situation and chose the higher amount of money according to the interest rate, for example:
Present value = 140/ ((1+10%)^(1))= 127
= 140/ ((1+10%)^(5))= 149
= 140/ ((1+10%)^(5))= 135
So the answer for the first scenario with an interest rate of 10% is:
Ranking 10% interest rate:
1) 5 years
2) 10 years
3) 1 year
