Answer:
The description of the given term "Business operations" is provided below.
Explanation:
- Together with all measures essential to manage as well as generate money besides your firm, is considered as business operations.
- Sometimes a component devoted to the industry would be included throughout the marketing strategies, enough so founding members comprehend or recognize the authoritarian leadership style, machinery, personnel, including procedures.
Answer:
$1 = 0.8039 Mark
Explanation:
Forward Rate = Spot rate * (1 +rate*180/360)
1.275 = Spot rate * (1 + 0.05*180/360)
Spot rate = $1.2439/Mark
Now we are asked rate per dollar
$1 = (1/1.2439)Mark
$1 = 0.8039 Mark
Answer:
$3,400,000
Explanation:
The computation of the credit sales is shown below:
As we know that
Closing balance of accounts receivables = Opening balance of accounts receivables + Credit Sales - Bad debts written off - Cash collected from credit customers
$750,000 = $550,000 + credit sales - $460,000 - $4,060,000
$750,000 = $4,150,000 + credit sales
So, the credit sales is
= $4,150,000 - $750,000
= $3,400,000
Simply we applied the above formula
Answer:
The answer of each requirement is given below.
If they are "costs" why are they recorded in asset accounts and not expense accounts?
These cost are future expense. As per accounting rules expense is recorded against any purchase when benifit from it is taken, The benifit from stock is taken when it is sold. So RM, WIP and FG are cost accounted as asset as they are still in pipeline and is to be sold in future.
2) Do these product costs ever become an expense to the company?
Yes, these cost become expenses when final goods are sold. Untill sale they are company asset, as asset is something from which future economic benifit is to taken or derived.
Similar energy sources and their price is connected because they provide the same commodity which is energy
