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2 years ago

What type of transaction is recorded when a customer pays via a payment link?

Business

1 answer:

arsen [322]2 years ago

7 0

The type of transaction that is recorded when a customer pays via a payment link is:

Sales Receipt

<h3>What is a Sales Receipt?</h3>

A sales receipt is a confirmation of payment. After a given amount is deposited for a good or service, the system automatically generates a confirmation of the transaction. This is called a sales receipt.

The sales receipt can be screenshot as proof of payment.

Learn more about sales receipts here:

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14-2B (Issuance and Retirement of Bonds) StarCenter Co. Is building a new music arena at a cost of $5,600,000. It received a dow

mezya [45]

Answer:

there are no requirements, but I assume that they ask about issuance costs and their amortization:

market price of the bonds:

PV of face value = $5,000,000 / (1 + 10%)²⁰ = $743,218

PV of coupon payments = $400,000 x 8.5136 (PV annuity factor, 10%, 20 periods) = $3,405,440

market price = $4,148,658

Journal entry to record issuance and bond issue costs

January 1, 2013

Dr Cash 4,088,658

Dr Discount on bonds payable 851,342

Dr Bond issue costs 60,000

Cr Bonds payable 5,000,000

amortization of bond discount and issue costs = ($4,088,658 x 10%) - $400,000 = $8,865.80 ≈ $8,866

allocation to bond issue costs = ($60,000 / $911,342) x $8,866 = $583.71 ≈ $584

allocation to bond discount = $8,866 - $584 = $8,282

Journal entry to record first coupon payment

January 1, 2014

Dr Interest expense 408,866

Cr Cash 400,000

Cr Discount on bonds payable 8,282

Cr Bond issue costs 584

4 0

3 years ago

A _____________ team is made up of employees from the same hierarchical level but different work areas. They are typically broug

melisa1 [442]

A cross-functional team is made up of employees from the same hierarchical level but different work areas. They are typically brought together to accomplish a task.

Cross-functional teams are collections comprising personnel from various departments within the organization, such as marketing, production, sales, and customer engagement. These could be working groups in which each participant is a part both of their functioning team and the cross-functional team, or they could be the main organizational structure.

Different kinds of businesses have various approaches towards how cross-functional teams function. Simply by because of their size, entrepreneurs and small firms usually employ cross-functional teams. Given that they aren't large enough to establish different teams, the majority of projects or choices are made via collaboration between individuals with various areas of expertise.

Learn more about cross-functional teams here:

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3 0

1 year ago

If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditor

USPshnik [31]

Answer:

The auditor should issue a qualified report for the departure from generally accepted accounting principles.

Explanation:

A qualified opinion can be understood as the statement given by an auditor in conjunction with a corporation's audited financial statements in an auditor's report. It was an auditor's judgement that implies a firm's earnings reporting was restricted in scope or that there was a substantial fault with the implementation of generally accepted accounting standards (GAAP)—but hardly one that was widespread.

3 0

3 years ago

There are four seats on the board of directors of MMT, Inc., up for election. The firm has 175,000 shares of stock outstanding a

Archy [21]

Answer:

We must spend $575,023 to acquire sufficient shares to guarantee your election to the board

Explanation:

To calculate the number of shares, the below formula will be used

Number of shares = [(S * X) / (D + 1)] + 1

S = Total number of shares, X = Number of seats you want to leave, D = Total number of seats

Number of shares = (175,000 * 1) / (4 + 1) + 1

Number of shares = (175,000 / 5) + 1

Number of shares = 35,000 + 1

Number of shares = 35,001

We control 35,001 if we wants to guarantee election to the board.

The additional no of shares that we need to buy is as calculated below as we already owns 10,000 shares

Cost = (Number of shares required - Number of shares already owned) * Price per share

Cost = (35,001 shares - 10,000 shares) * $23

Cost = 25,001 shares * $23

Cost = $575,023

Thus, it will cost us $575,023 to guarantee that we will be elected to the board.

4 0

3 years ago

Agent Armstrong is employed by XYZ Agency, which is under contract with ABC Health Plan, a Medicare Advantage (MA) plan that off

MA_775_DIABLO [31]

Answer:

Agent Armstrong needs to be licensed and appointed in every state in which beneficiaries to whom he markets ABC MA plans are located.

Explanation:

In the given scenario XYZ Agency maintains a website marketing the MA plans with which it has contracts. So they are not in one location.

Clients from multiple states can subscribe to their services via website.

Agent Armstrong follows up with individuals who request more information about ABC MA plans via the website and tries to persuade them to enroll in ABC plans.

Since clients enroll in different locations there is a need for Armstrong to be licensed and appointed in every state in which beneficiaries to whom he markets ABC MA plans are located.

This will satisfy the varying compliance rules that each state of operation may have. Thereby providing seamless service delivery to customers of XYZ agency.

7 0

3 years ago