Our business has been running
for a bit. As in the last lesson,
we've made some sales and paid
rent. To see how these are
recorded in a journal, click
Accounting Docs-Journal.
The most recent transaction is at
the bottom.
What is our most recent
transaction?

A- Purchase of parts

B- Sale, paid by cash

C- Payment of rent

The most recent transaction is Option B. Sale, paid by cash

This is indicated by the last entry at the bottom of the journal as the most recent transaction. Journal entries are used to record financial transactions. They provide a record of every transaction that takes place in the company. The purpose of a journal is to keep a record of all business transactions in chronological order.

As a result, each transaction is recorded in the journal as it happens so that the company has a complete record of its financial dealings. The journal is also used to create an audit trail of the financial transactions that have occurred. The most recent transaction in the journal is at the bottom, which means that all the previous transactions have been recorded. In this case, the most recent transaction is a sale that was paid for by cash.

This means that the company has made a sale and has received payment in cash. This information is important because it allows the company to keep track of its sales and revenue. It also helps the company to identify any potential issues with its cash flow, such as if there are delays in payments or if there are any other problems that need to be addressed. Therefore, the correct option is B.

Know more about Journal entries here:

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What production factors might be available in a resource market or factor market?

Which sentences in the passage describe a medium-term financial plan correctly?
Samuel is a manager in a multinational firm. After completing one and a half years, the company has shown considerable profits. The learning curve
shows high implicit costs incurred due to inexperience. His financial plan now includes the business setup costs. In his financial plan, he presents
the sales forecast annually for the next five years. He also prepares a profit and loss statement, where he includes the sources of income and likely
expenses over the next five years.

Impact of risks on investment

As the global supply chain manager of your company, you are interested in finding a new manufacturing location in South America and you would like to make a country assessment for the following countries: Argentina, Brazil, ad Chile. Visit the “Risk” page of each country in the “Global Insights” section of globalEDGE and review the country risk rating, business climate rating, as well as the strengths and weaknesses of the countries. Get prepared to present your selection for your company’s new manufacturing site to the top management and explain your reasoning with your findings.

Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $643,300 in total. The ending work in process inventory in January consisted of 3,400 units, which were 40% complete with respect to materials and 20% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit $ 13.40 $ 3.40 $ 7.80 Required: 1. Compute the equivalent units of materials, labor, and overhead in the ending work in process inventory for the month. 2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. 3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and in total for January. 4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)
1. Compute the equivalent units of materials, labor, and overhead in the ending work-in-process inventory for the month.
Materials Labor Overhead Equivalent units

2. Compute the cost of ending work in process inventory for materials, labor, overhead, and in total for January. Materials Labor Overhead Total
Cost of ending work in process inventory

3. Compute the cost of the units transferred to the next department for materials, labor, overhead, and total for January. Materials Labor Overhead Total Cost of units completed and transferred out

4. Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning work in process inventory and costs added during the month.)

Cost Reconciliation
Total cost to be accounted for
Costs accounted for as follows:
Cost of units completed and transferred out
Cost of ending work in process inventory
Total cost accounted for

1982, the total expenditure of the government of Kargenia, a European country, exceeded its revenue by a substantial amount. This forced the government of
argenia to borrow funds to meet its legal obligations. In this scenario, the government of Kargenia incurred a_
in 1982.
a. budget deficit
Ob. debt brake
O c. fiscal drag
O d. revenue backlog

Which of the following is NOT a push factor? O a. Saturation of domestic demand O b. O C. o d. O e. Growth of regional trading blocks Improving image of the companies Domestic recession Strategic vision​

Economics
Consumer Priced Index (CPI) - Expresses the current price of a basket of goods or services in terms of the prices during the same period in a previous year.
Gross Domestic Product (GDP) - Monetary value of all the finished goods and services produced within a countries borders in a specific time period.
Macroeconomics - The study of large scale economic factors such as overall workings of a national economy and its relationship to international markets.
Microeconomics - The study and analyses of individual consumers and firms to understand the decision-making process of households and firms.
Choice - A consumer's decision to purchase one good or service over an alternative.
Scarcity - When demand is higher than availability.
Answer the following questions based on the above economic definitions:

What does CPI compare?
A) Money to People
C) Dollars to Euros
B) Purchasing power at different times
D) Wal-Mart to Target

What is the basic relationship between scarcity and choice?
A) Planned Economy
B) Free Enterprise
C) Strategic Industry
D) Absolute Advantage

What would help you decide if the price of a soda has increased or decreased?
A) Choice
B) GDP
C) Scarcity
D) CPI

What your family buys and sells is considered
A) Macroeconomics
B) Microeconomics

Pls help I can’t answer this last 4 questions.

Human rights in the workplace (Only FIVE human rights)
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