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Ksivusya [100]
2 years ago
6

Accounts payable had a normal starting balance of $750. there were debit postings of $600 and credit postings of $350 during the

month. The ending balance is?
Business
1 answer:
Gelneren [198K]2 years ago
6 0

The ending balance is $500.

Starting balance of accounts payable is $750 which means a credit balance of $750. There had been debit postings of $600 and credit postings of $350. Consequently the ending balance will be $500 credit ($750 credit - $600 debit + $350 credit).

Accounts payable (AP) are amounts due to carriers or suppliers for items or offerings obtained that have not yet been paid for. The sum of all outstanding quantities owed to companies is shown because of the debt payable stability on the organization's balance sheet.

The ending balance is the net residual balance in an account. It is usually measured at the end of a reporting length, as part of the closing system. Finishing stability is derived by including up the transaction totals in an account and then adding this total to the start balance.

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The broker has seven different escrow accounts because he wants to maintain good relationships with each of the different banks.
Zigmanuir [339]

Yes, a  broker can have many accounts.

<h3>Who is a broker?</h3>

A broker can be defined as someone who deals in shares or someone who buy and sell shares to investors.

A broker can do the following:

  • A broker can  have one escrow account
  • A broker can maintain  or be  in charge of many escrow accounts.
  • A broker must  tend to reconcile the account or  carryout reconciliation on the account no higher than 30 days from the last reconciliation.

Therefore a broker can have many accounts.

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8 0
2 years ago
While Margot was preparing to cross the street, a motorist yielded in front of a crosswalk, allowing her to cross the street saf
Softa [21]

Answer:

Rule of reciprocity

Explanation:

The rule of reciprocity refers to the belief that if someone does something good, polite or kind for you, you should do something good, polite or kind for them also.

This is a very good social norm unless you start treating others badly because someone was mean to you before.

The latter should be avoided.

6 0
4 years ago
Two basic assumptions of technical analysis are that security prices adjust:
BlackZzzverrR [31]

Answer:

D. Gradually to new information, and market prices are determined by the interaction of supply and demand.

Explanation:

Technical analysis is an analysis performed to find the predictive patterns that always shape the stock price which might be used so as to generate returns, some use the analysis for exploitation sake so as to generate abnormal returns as well.

In simpler term, technical analysis is when an analysis is drawn and its main content is stock price fluctuation, both the rise and low are an analysed. Those who use this analysis, use them for hope generating high or normal returns on stock price in its market.

3 0
3 years ago
If texas instruments hires an accounting firm to compute the company's taxes, the accounting firm is providing a(n) ____ service
polet [3.4K]
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3 years ago
The double-declining-balance and straight-line depreciation methods: multiple choice are the only acceptable methods of deprecia
zheka24 [161]

The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.

  • Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP).
  • The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived.
  • The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two.
  • The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.

<h3>Is double declining balance a method of straight-line depreciation?</h3>
  • The straight-line depreciation technique, another and arguably even more frequent type of depreciation, depreciates an asset's value at a rate that is half that of the DDB depreciation method.

<h3>What is double declining balance depreciation method?</h3>
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  • Accelerated depreciation refers to the process of depreciation that occurs twice as quickly as the straight-line method.

Learn more about double-declining-balance here:

brainly.com/question/24296752

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4 0
2 years ago
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