Answer: both sides of the accounting equation must be affected when recording a transaction using the double-entry system
Explanation:
The double entry principle states that for every financial transaction that takes place, there will be an opposite and equal effects in two different accounts at least. It simply implies that there for every transactions that happens, there are two entries which are the credit entry and the debit entry.
In a double entry principle, the addition of all the debits to the accounts must be thesame as the addition of all credits.
Option A which states that both sides of the accounting equation must be affected when recording a transaction using the double-entry system isn't correct. Both side of the accounting equation aren't affected.
According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.
Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.
Learn more about functional job analysis:
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Answer:
its weighted cost of capital for the coming year is 9.64%
Explanation:
WACC is the minimum return expected from a project. It shows the risk of the company.
<u>Calculation of WACC.</u>
Capital Source Weight Cost Total
Debt 40% 6.60% 2.64%
Common Equity 60% 11.67% 7.00%
Total 100% 9.64%
Cost of Debt = Market Interest Rate × ( 1 - tax rate)
= 11%×(1-0.40)
= 6.60%
Cost of Equity = (Next year`s dividend/Current Market Price of a share)+Expected growth rate
= ($1.40/$30)+0.07
= 11.67%
Answer:
$161,400
Explanation:
<u>Cash collection calculation</u>
December cash sales ($160,000*30%) = $48,000
<u>Credit sales</u>
December: (160000*70%*50%) = $56,000
November: (180000*70%*30%) = $37,800
October: (140,000*70%*20%) = <u>$19,600</u>
Total cash collections <u>$161,400</u>
Answer:
Explanation:
Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the <em>period when the credit sale occurred</em>. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as <em>selling expenses.</em>