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3 years ago

STATE THE MODULES THAT ARE INCLUDED WHEN LEARNING ACCOUNTING.

Business

1 answer:

Mazyrski [523]3 years ago

8 0

Answer:

Accounting software records and processes accounting transactions using modules that include accounts payable, accounts receivable, and payroll. Together, these modules function as an accounting information system.

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One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i

Grace [21]

Answer:

1 dollar = 1.5 peso

Explanation:

An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.

Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.

Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.

Given : 1 unit of peso = 12 grains of gold

1 unit of US Dollar = 18 gains of gold

To find : 1 peso = ___ dollars

1 grain of gold = $\frac{1}{12}$ peso

similarly, 1 grain of gold = $\frac{1}{18}$ dollars

this means, $\frac{1}{12}\ peso\ = \ \frac{1}{18}\ dollars$

it means 1 peso = $\frac{12}{18} \ dollars$

or 1 peso = $\frac{2}{3} \ dollars$

or 1 dollar = 1.5 pesos

6 0

4 years ago

Of the three major environments in a situation analysis (internal, customer, external), which do you think is the most important

kicyunya [14]

External. just like humans the goal is to reach the internal area of the female and reproduce. but only if the external is good enough.

6 0

4 years ago

Pam recently was sickened by eating spoiled peanut butter. she successfully sued the manufacturer for her medical bills ($3,700)

adell [148]

Answer: $44,000

The tax laws state that any payments (except PUNITIVE DAMAGES) on the account of a physical injury or physical sickness are non-taxable. Damages that taxpayers can receive relating to emotional distress are also non-taxable. Punitive damages however are fully taxable, because they are intended to penalize the harm-doer rather than to compensate the taxpayer for injuries.

7 0

3 years ago

Smart Watch Company reported the following income statement data for a 2-year period.

Ronch [10]

Answer and Explanation:

a. The preparation of the correct income statement is as follows:

Year 2019 2020

Sales revenue $220,000 $250,000

Cost of goods sold

Beginning inventory $32,000 $38,000

Add: Costs of goods

purchased $173,000 $202,000

Cost of goods available for sale $205,000 $240,000

Less: Ending inventory -$38,000 -$52,000

($44,000 - $6,000 )

Cost of goods sold $167,000 $188,000

Gross profit $53,000 $62,000

b. The cumulative effect is

Incorrect gross profit = $59,000 + $56,000 = $115,000

Correct gross profit = $53,000 + $62,000 = $115,000

Net effect would be zero

8 0

3 years ago

Mckerchie Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air cond

sweet [91]

Answer:

The minimum price which the company should not go below is $26.00

Explanation:

The minimum price which the company should not go below is the price which covers all cost of manufacturing and non-manufacturing to meeting the special, one-time-only order.

Thus we need to calculate the per unit cost of the special order.

Unit cost of the special order

Direct materials $ 13.00

Direct labor $ 7.00

Variable manufacturing overhead $ 6.00

Total Cost $26.00

Note

All fixed cost are irrelevant in this calculation as the cost would be incurred whether or not the special order is accepted.

Also the question specifically mentioned that "There would be no variable selling expense on this special order" We need not to include any variable selling expense

8 0

3 years ago