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1 year ago

An accounts receivable ledger:

Business

1 answer:

nordsb [41]1 year ago

6 0

An accounts receivable ledger is one that is used to show the credit sales that are made by a business.

<h3>What is a Ledger?</h3>

This refers to the accounting book that is used to keep financial records and other related accounts.

Hence, we can see that in the case of an accounts receivable ledger, one can see that the balances of each customer is reconclied periodically as more transactions are made.

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Which of the following is true of external recruiting, compared to internal recruiting?

Mkey [24]

Answer:

The answer is E. The process takes longer

Explanation:

External recruitment is the process of announcing vacancies to the people outside ones organization while Internal recruitment is the process of announcing vacancies for the internal staffs only.

The process of external recruitment is usually longer and more expensive than internal recruitment. For example, payment to publish the vacancies in any national newspapers or payment for outsourcing company that specializes in recruitment.

Option A is wrong because external recruitment discourages employee loyalty.

Option B in incorrect because this is so for internal recruitment

8 0

3 years ago

What is the major purpose of a bank reconciliation statement?

lara31 [8.8K]

Purpose of a bank reconciliation statement.
A bank reconciliation statement is used to compare your record to those of your bank to see if there is difference between the two sets of records. The ending balance of your version of cash records is known as the book balance while the bank`s version is known as bank balance. It is common for there to be a difference in the two balances. The results to the differences might be due to overdrawn bank account, bounced checks and overdraft fees. It is important for you to check the difference because there might be substantial variance between the amount you think you have and that the bank thinks you have. In some cases the bank may even elect to close down your account.

3 0

3 years ago

Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services

valentinak56 [21]

Answer:

See explanation section

Explanation:

See the image below to get the answer:

7 0

3 years ago

If the U.K. exports 14 billion British Pounds of products, and imports 10 billion British pounds of products, its trade balanc

rodikova [14]

Answer:

D) 4 billion British pounds

Explanation:

Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.

It could be a deficit or surplus.

Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.

Surplus trade balance refers to when export of a country is more than the import.

Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.

Export is the sending out of goods to a foreign country. That is the selling of goods to another country.

Trade balance= Export- Import

=14 billion British pounds- 10 billion British pounds

=4 billion British pounds

The trade balance that occurs here is surplus trade balance where export is more than import.

5 0

3 years ago

The FOURX Corp. has purchased $50,000 of experimental equipment. The anticipated salvage value is $5500 at the end of its 5-year

Anestetic [448]

Answer:

b. NPW(SL): $33,738; NPW(DDB): $37,068; Recommendation: DDB

Explanation:

The computation is shown below:

As we know that

Present value is

= [Cash Flow ÷ (1 + Rate of Interest)^Year]

where,

Rate of Interest = 10%

Under Straight-line depreciation:

Beginning book value = $50,000

Salvage value = $5,500

So, the depreciationper year is

= [($50,000 - $5,500) ÷ 5]

= $8,900

<u>Year Beginning Depreciation End Present value </u>

<u> book value book value of depreciation </u>

1 $50,000 $8,900 $41,100 $8,090.91

2 $41,100 $8,900 $32,200 $7,355.37

3 $32,200 $8,900 $23,300 $6,686.70

4 $23,300 $8,900 $14,400 $6,078.82

5 $14,400 $8,900 $5,500 $5,526.20

$33,738.00

Under Double declining depreciation:

Depreciation rate per year = (1 ÷ Useful Life) × 100

= 1 ÷ 5 × 100

= 20%

Now for double-declining, the rate is doubled

So,

= 20% × 2

= 40%

<u>Year Beginning Depreciation End Present value </u>

<u> book value book value of depreciation </u>

1 $50,000 $20,000 $30,000 $18,181.82

2 $30,000 $12,000 $18,000 $9,917.36

3 $18,000 $7,200 $10,800 $5,409.47

4 $10,800 $4,320 $6,480 $2,950.62

5 $6,480 $980 $5,500 $608.50

$37,068

5 0

3 years ago