Who is the Father of accounting

Answers

Answer 1

Answer:

Luca Pacioli

Luca Pacioli, was a Franciscan friar born in Borgo San Sepolcro in what is now Northern Italy in 1446 or 1447.


Related Questions

A machine makes three different components used in a gyroscope. Call these components A, B, and C. The following repeating schedule is used to make components: make 100 units of A, make 50 units of B, and then make 200 units of C. How many components are made in the production cycle

Answers

Answer:

350

Explanation:

Calculation for How many components are made in the production cycle

Components A 100 units

Components B 50 units

Components C 200 units

Total 350 components

Therefore How many components are made in the production cycle is 350 components

You purchased eight put option contracts with a strike price of $30 and a premium of $1.10. What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $26.50 a share

Answers

Answer:

$23120

Explanation:

The computation of the total net amount received is shown below:

Total Premium Paid

= 800 Option × $1.10

= $880

And,

Amount Received is

= 800 Option × $30

= $24000

So, Net Amount Received is

= $24000 - $880

= $23120

​Inflation, nominal interest​ rates, and real rates. From 1991 to​ 2000, the U.S. economy had an annual inflation rate of around ​%. The historical annual nominal​ risk-free rate for this same period was around ​%. Using the approximate nominal interest rate equation and the true nominal interest rate​ equation, compute the real interest rate for that decade. What is the estimated real interest rate using the approximate nominal interest rate equation for that​ decade?

Answers

Answer:

the question is incomplete:

nominal interest rate = 5.07%

real interest rate = ?

inflation rate = 3.45%

approximate real interest rate = 5.07% - 3.45% = 1.62%

real interest rate = [(1 + 5.07%) / (1 + 3.45%)] - 1

real interest rate = (1.0507/1.0345) - 1 = 1.57%

Nick and Beth run a catering business in which they have two major tasks: getting new clients and preparing food for events and parties. It takes Nick 8 hours to prepare food for an event and 4 hours of effort to get each new client. For Beth, it takes 12 hours to prepare food for an event and 3 hours to get a new client.
1. Who has an absolute advantage in food preparation?
2. Who has a comparative advantage in food preparation?
Suppose that initially, Nick and Beth are both splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by __?__.
The second part threw me off and I got confused. I put up the entire problem just to see if i answered it correctly or not to see whether that was what threw me off or not. Thanks in advance! :)

Answers

Answer:

NICK

NICK

2

Explanation:

A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Nick prepares food in 8 hours while Beth produces the food in 12 hours. ick thus has an absolute advantage in food preparation because he produces food in less time

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

Opportunity cost of Nick in food preparation = 4/8 = 0.5 hours

Opportunity cost of Beth in food preparation = 3 / 12 = 0.25 hours

Nick has a comparative advantage in food preparation

An alumnus of West Virginia University wishes to start an endowment that will provide scholarship money of $40,000 per year beginning in year 5 and continuing indefinitely. The donor plans to give money now and for each of the next 2 years. If the size of each donation is exactly the same, the amount that must be donated each year at i = 8% per year is closest to:___.
a) $190.820.
b) $122.280.
c) $127.460.
d) $132.040.

Answers

Answer:

A

Explanation:

Present value of a  perpetuality = amount / interest rate

= $40,000 / 0.08 = $500,000

Let D denote denote denotions

[tex]D + \frac{D}{1 + 0.8} + \frac{D}{1.08^{2} } = $500,000[/tex]

D = $190.820.

On January 1, 2021, Oliver Foods issued stock options for 47,000 shares to a division manager. The options have an estimated fair value of $7 each. To provide additional incentive for managerial achievement, the options are not exercisable unless Oliver Foods' stock price increases by 6% in four years. Oliver Foods initially estimates that it is not probable the goal will be achieved. How much compensation will be recorded in each of the next four years

Answers

Answer:

$82,250

Explanation:

the compensation per year = 47,000 x 1/4 x$7 per stock = $82,250

The compensation must be allocated proportionally to every year included in the plan, regardless of the conditions specified by the plan. The stock price already implicitly includes the most probable market conditions for the company, so that is the price that has to be used to record the compensation plan.

Item1 1 points eBookAskReferencesItem 1 TB MC Qu. 06-91 The following information... The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 8,419 Accounts receivable 70,422 Merchandise inventories 60,362 Prepaid expenses 4,100 Accounts payable $ 14,950 Notes payable 86,638 Other current liabilities 9,500 If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)

Answers

Answer: 42 days

Explanation:

To solve the above question, first, we will have to calculate the debtors turnover ratio which is the date sales uncollected for the year. This will be:

= Sales/Average Accounts Receivables

= $612,000 / $70,422

= 8.69 times

Since we are using 365 days for a year, then the firm's days sales uncollected for the year will be calculated as:

= 365 / 8.69

= 42 days

If cash is received from customers in payment for services that have not yet been performed, the business would record the cash receipt as: Multiple Choice A debit to an unearned revenue account. A debit to a prepaid expense account. A credit to an unearned revenue account. A credit to a prepaid expense account. A credit to accounts payable.

Answers

Answer:

A credit to an unearned revenue account

Explanation:

Ordinarily, when cash is received from a person whereas service has not been performed, the accounting entry is to debit cash account and credit the unearned revenue account.

Here, the receipt of cash means that revenue was realized however, the service expected have not been performed hence necessitated crediting the unearned revenue account and a debit to the asset cash for the amount received.

whats a good song

ill mark brain star

Answers

Answer:

it depends like like this person nf.....and kpop.....

there is a song from him....clouds and intro 1 2 and 3

Explanation:

I listen to stray kids too:))))))))))

Item9 Time Remaining 34 minutes 55 seconds00:34:55 Item 9 Time Remaining 34 minutes 55 seconds00:34:55 Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product. Production volume 13,900 units 15,000 units Direct materials $ 813,150 $ 877,500 Direct labor $ 215,450 $ 232,500 Manufacturing overhead $ 1,011,500 $ 1,024,150 The best estimate of the total variable manufacturing cost per unit is: (Round your intermediate calculations to 2 decimal places.) Multiple Choice

Answers

Answer:

$85.50

Explanation:

Particulars              Amount       Amount     Difference

Direct materials      $813,150      $877,500     $74,350

Direct labor             $215,450     $232,500     $17,050

Manufacturing OH  $1,011,500   $1,024,150    $12,650

T.V. Overheads       2040100     2134150        $94,050

Production Volume   13,900         15,000         1,100      

Variable Cost per unit                                      $85.50

Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits$75per hourAnnual labor hours 6,350hoursAnnual materials purchase$1,206,250 Materials purchasing, handling, and storage$241,250 Overhead for depreciation, taxes, insurance, etc.$670,000 Target profit margin for both labor and materials 25% What should Shale set as the materials markup per dollar of materials used

Answers

Answer:

45%

Explanation:

Annual material purchase                                         $1,206,250

Material purchasing, handling and storage cart      $241,250

Material purchasing, handling and storage % on          20%

material purchase ($241,250/$1,206,250*10)

Target profit margin                                                         25%

Material markup per dollar of material used              45%

Imagine that after completing your economics course (you get an A, of course) you are at a family gathering. Your grandmother asks you about a news story she read this morning. The story explained that when the government adjusts Social Security payments for inflation, it generally uses the CPI-W, which is the Consumer Price Index for Urban Wage Earners and Clerical Workers. Because senior citizens spend a lot more than average on medical care, adjustments to their Social Security payments are not keeping up with their cost of living.
Last year I received $15,000 per year from the government. The story said that the CPI increased from 144 to 162. How much will I get this year?

Answers

Answer:

$16,875

Explanation:

The amount received per year is $15,000 and the CPI increased from 144 to 162

Inflation rate = (New CPI - Old CPI)/Old CPI * 100

Inflation rate = 162-144/144 * 100

Inflation rate = 0.125

Inflation rate = 12.5%

Amount received = $15,000 * 12.5% = $1,875

==> $15,000 + $1,875 = $16,875

So, Grandmother will receive $16,875

Other Questions
1 alpine ecosystem2 subalpine ecosystem a It is found right below the tree line. b It is called a land of extremes because of strong winds and very cold weather. what is pitch? plz explain in full depth What is the area of the figure?Enter your answer in the box.in2 Describe what an Ionic Substance is.... what is the theme of man in the mirror by michael jackson A total of 472 tickets were sold. They were either adult tickets or student tickets. The number of student tickets were 3 times tge number of adult tickets sold. How many adult tickets were sold? cake recipeSHOW ME IT I MARK IT THE BRAINLIEST NOW Which measurement is closest to the area of the circle in square centimeters ? A. 31.4cm B. 78.5cm C.62.8 D.50.2cm How much will a 64 affect my 87 grade in world history factorize by splitting the middle term 6x-11x+4 Please help me find the area of this polygon. write a summary about Filipino values using the checklist as your guide Urgent! Answer pls. Thanks. Question 1 of 10Which word uses a prefix?O A. UnhappyO B. HappiestO C. CultureO D. Child Classez ces expressions de la peur selon qu'ellesIdentifiez les niveaux de langue, p. 354.perdre son sang-froid avoir le souffle coup avoirla trouille tre pris de panique trembler commeune feuille avoir les chocottes tre ttanis de peur.avoir des sueurs froides. avoir la chair de poule avoirles jambes coupes avoir la gorge sche claquer desdents avoir le trouillomtre zroLangagefamilierLangagecourantLangagesoutenuappartiennent au langage soutenu, courant ou familier: The __________ has the final say on whether a law or action violates the Constitution. Displacement a combination of B. This is an overhead shot of Olympus Mons. It is the largest volcanicmountain in space, about 700 km wide and 22 km high. Wherewouldyoufind it? What determined that the President can only serve two terms? Dividef)(4b+13b + 21) (b+8)