Critically discuss the economic importance of the secondary sector to the south African economy.

In the Month of March, Baldwin received orders of 166 units at a price of $15.00 for their product Bold, and in April receives a

Dafna1 [17]

Answer:

May accrued revenue:

0 units delivered

April accrued revenue

166 units delivered at $15: 2,490

Explanation:

Cash proceeds:

March Request 166 units at $15 = 2,490

April Request 42 units at $15 = 630

<u>Accrual method:</u>

the accrual method will recognize revenue when it is earned, which in this case is represent by the delivery of the goods.

May accrued revenue:

0 units delivered

April accrued revenue

166 units delivered at $15: 2,490

3 0

3 years ago

Cox Co. accounts for its inventory using the LIFO cost method. An inventory loss from a permanent market decline of $360,000 occ

kirill115 [55]

Answer:

$360,000

Explanation:

Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.

An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.

The loss reported in May will be reported for that quarter in June.

8 0

3 years ago

Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:

allochka39001 [22]

Answer:

OB. Gross Purchases.

Explanation:

Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.

Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.

Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.

4 0

3 years ago

Research and write about at least two proposed methods of implementing digital cash. try to find one that attempts to provide an

kati45 [8]

<span>Qualitative research and write that the results are primarily expressed with words as opposed to quantitative research in which results are primarily expressed with numbers. Digital cash aims to mimic the functionality of paper cash by providing such properties of anonymity and transferability of payment. Digital cash is intended to be implemented data which can be copied, stored, or given as payment Just like paper currency and coins, digital cash is intended to represent value because it is backed by a trusted third party eg: namely government and banking industry.</span>

4 0

3 years ago

As an importer of grain into Japan from the United States, you have agreed to pay $377,287 in 90 days after you receive your gra

riadik2000 [5.3K]

Answer:

B) ¥6092.53

Explanation:

We can hedge the risk by buying dollars forward contract at a price of ¥106.02/$ which is 90 days forward rate because the payment is due in 90 days. The total contract would amount to ¥106.02/$ * $377,287 = ¥39,999,967.74

The second alternative is to buy dollar at todays date. The present value of the dollars will be ;

$377,287 / 1.008125 = $374,246.25

If we buy dollars at spot rate then,

¥106.35/$ × $374,246.25 = ¥39,801,088.69

The future value of yen will be :

¥39,801,088.69 × (1.00484375) = ¥39,993,875.2

The difference between the two alternatives will be :

¥39,999,967.74 - ¥39,993,875.2 = ¥6092.53

7 0

3 years ago

Critically discuss the economic importance of the secondary sector to the south African economy.​

Critically discuss the economic importance of the secondary sector to the south African economy.