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2 years ago

Cara writes an e-check on Monday to pay a bill in the simulation. What is the earliest it will be applied to the vendor account?

1 answer:

4 0

Based on the length of time an e-check generally takes, the earliest it might be applied to a vendor's account is on <u>Thursday</u>.

<h3>What day will the payment be applied to the vendor's account?</h3>

When an e-check is written, it has to be verified by the bank first. This process takes about 24 to 48 hours.

After verification, the bank can then send the funds to the vendor's account. This part of the transaction can take between 3 to 5 business days from the day the check was issued.

Considering the earliest time is 3 business days, an e-check written on Monday will reach a vendor's account three days later on a Thursday.

Find out more on online payments at brainly.com/question/1109723.

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What are the most important information needs that a governmental annual report should fulfill for each of the following: ______

vladimir2022 [97]

Answer:

1. Compensation for employment services that they offer.

2. Disbursement in sufficient proportions of the available funds.

3. How the government have used their tax money.

4. The ability and capacity of the government to honor debts.

Explanation:

Each stakeholder to the governmental annual report hold a different need compared to the other. Therefore it is important to pay attention to whom the financial statements speaks to. The above shows the different needs of the stakeholders to governmental annual report.

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4 years ago

The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a pr

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Answer:

1. Income Statement for Digital Vibe Manufacturing company

For the Month ended January 31

Sales 875,000

Cost of goods sold 525,000

Gross Profit 350,000

Operating Expenses:

Selling expenses 125,000

Administrative expenses 80,000

Total Operating expenses <u>205,000</u>

Net Income <u>$145,000</u>

<u />

1. Ending material inventory = Material purchased - Used material in production

= 168,500 - 149,250

= $19,250

2. Ending work in Process inventory = Material used in production + Direct labor + Factory overhead - Transferred of work in process to finished goods

= 149,250 + 360,000 + 120,000 - 600,000

=$29,250

3. Ending finished goods inventory = Transfer from work in progress - Cost of goods sold

= 600,000 - 525,000

= $75,000

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3 years ago

You own $5,000 shares of stock that currently sells for $30 a share. There are 2 million shares outstanding. The firm has announ

maxonik [38]

Answer:

percentage of ownership:

before 0.25%

after 0.30%

Value of the investment:

5,000 stock x $30 = 150,000

Explanation:

To get the currnet percentage of ownership:

portfolio stock / shares outstanding

5,000 stock / 2,000,000 = 0.0025 = 0.25%

Now, for the escenario after the repurchase:

First, how many shares were repurchased:

10,000,000 / 30 = 333,333 stock repurchased

Then, how many are outstanding:

2,000,000 - 333,33 = 1,666,667

Last, the new percentage of ownership

5,000 stock / 1,666,667 = 0.02999 = 0.30%

value of the investment:

5,000 stock x $30 = 150,000

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3 years ago

Clear Co.’s trial balance has the following selected accounts: Cash (includes $10,000 in bond-sinking fund for long-term bond pa

Tasya [4]

Answer:

Explanation:

The computation of the amount that is reported as a total current assets is presented below:

Clear Co's

Current assets

Cash $40,000 ($50,000 - $10,000)

Accounts Receivable $20,000

less-Allowance for doubtful debts - $5,000

Deposits from customers $3,000

Merchandise Inventory $7,000

Unearned rent $1,000

Investment in trading debt securities $2,000

Total amount $68,000

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3 years ago

Given that spending for a certain household will always include a base amount of $1000/month, and that additional spending is eq

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Therefore our equation takes shape as follows:
y = 1/2($income) + $1000

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3 years ago