Flag Indicate whether each phrase is more descriptive of financial accounting or managerial accounting. (a) May be subjective Financial accounting Managerial accounting (b) Often used
Flag
Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.
(a) May be subjective
Financial accounting
Managerial accounting
(b) Often used to obtain financing
Financial accounting
Managerial accounting
(c) Typically prepared quarterly or annually
Financial accounting
Managerial accounting
(d) May measure time or customer satisfaction
Financial accounting
Managerial accounting
(e) Future oriented
Financial accounting
Managerial accounting
(f) Has a greater emphasis on cost-benefit analysis
Financial accounting
Managerial accounting
(g) Keeps records of assets and liabilities
Financial accounting
Managerial accounting
(h) Highly aggregated statements
Financial accounting
Managerial accounting
(i) Must conform to external standards
Financial accounting
Managerial accounting
(j) Special-purpose reports
Financial accounting
Managerial accounting
(k) Decision-making tool
Financial accounting
Managerial accounting
(l) Income statement, balance sheet, and statement of cash flows
Financial accounting
Managerial accounting
Due Date. alllaly al, 2020 1. When will countries trade? Assuming 2 goods, food and clothing, and that both countries' preferences are homothetic (but not necessarily identical), determine whether two countries will trade in each of the following situations: (a) Countries have identical preferences and identical endowments. (b) Countries have identical preferences, their endowments differ, and their endowments are not in the same ratio of food to clothing. (c) Countries have identical preferences, their endowments differ, but the ratio of food to clothing is the same in both countries. (d) Countries have identical endowments but different preferences. (e) Countries have both different preferences and different endowments.Part 1 {0.2 point) 0 See Hint A consumer receives an endowment of $100.00 this period and $700.00 next period. Currently the interest rate is 6.00%. The present value of the endowment is $ 1643.40 . (Give your answer to two decimals.) Part 2 {0.4 point) Q See Hint Suppose that instead, the endowment is $120.00 this period and $910.00 next period. Suppose that the interest rate is still 6.00%. Now the present value of the endowment is $ 1023.21 . (Give your answer to two decimals.) With the new endowments, the consumer is [malthier v Part 3 {0.4 point) 0 See Hint Now suppose that the endowment is $50.00 in the rst period and $675.00 in the second period. The interest rate is still 6.00%. Now the present value of the endowment is $ 722.1? . (Give your answer to two decimals.) With the new endowments. the consumer is poorer v Question 4 1 pts Account Account code Account name code Account name 100 Cash at bank Capital 110 Accounts receivable 320 Drawings 120 Inventory 10 Sales 130 Office supplies 430 Rent expense 140 Prepaid expenses 140 Advertising expense 150 Office equipment 150 Wages expense 155 Accumulated depreciation-office equipment 160 Telephone expense 160 Motor vehicle 470 Office supplies expense 165 Accumulated depreciation-motor vehicle 480 Interest expense 210 Accounts payable 490 Depreciation expense 220 Accrued expenses 510 Interest income 230 GST collected/payable 600 Profit/loss summary 240 GST paid/receivable 250 Loan Record the general journal entry for following transaction: Larry paid office rent for July, August and September of $4,800 (GST exclusive). Debit account code. 430 Debit $: 4800Topic Task 7: Sampling Distributix Swinburne University of Technol x () Quiz: Assessment Task 1: Mid ser X + instructure.com/courses/27582/quizzes/104611/take/questions/1377507 Larry invested $60,000 cash into the business. If GST is not applicable record 'O' in all GST fields. Debit account code: Debit $: Credit account code: Credit $: GST account code: GST debit/credit: GST $: Previous NextInstructions Chart of Accounts General Journal Instructions X On September 1, Frika Company purchased land for $47,500 cash. Required: Provide the journal entry for this transaction. Refer to the Chart of Accounts for anact wording of account Mes
