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goblinko [34]
2 years ago
12

We are sorry, but we cannot answer your request for confirmation of our account as the PDQ Company uses an accounts payable vouc

her system and can only confirm individual invoices.
Business
1 answer:
emmainna [20.7K]2 years ago
7 0

1) check subsequent cash receipts.

2) check BOL.

<h3>What is Company?</h3>
  • A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
  • Members of the company work together for a shared cause in order to accomplish clearly stated objectives.
  • Companies come in many shapes, including:
  • Nonprofit groups may be included in voluntary associations.
  • Business organizations whose goal is to make money.
  • Banks and financial institutions.
  • Services or educational establishments.
<h3>What do you mean by Accounting?</h3>
  • The measuring, processing, and sharing of financial and non-financial information regarding economic entities like enterprises and corporations is known as accounting, also known as accountancy.
  • Accounting monitors the outcomes of an organization's economic actions and communicates this information to a range of stakeholders, including investors, creditors, managers, and regulators.
  • Accounting has been referred to as the "language of business".

Learn more about Company here:

brainly.com/question/27238641

#SPJ4

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Following are selected transactions for Vitalo Company. Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly W
umka21 [38]

Answer:

<u>As at April 30</u>

Dr. Account Receivable (120 days / 180 days x 6000 x 0.08) ..$320

Cr. Interest Income......................................................................................$320

Being accrued interest Income for current year to date on note receivable

Dr. Bank..............................................................................................$6,483

Cr. Accounts Receivable ($6000 note receivable + $163 + $320)...$6,483

Being settlement of note receivable with total accrued interest Income

Explanation:

Following are selected transactions for Vitalo Company.

Nov. 1 Accepted a $6,000, 180-day, 8% note dated November 1 from Kelly White in granting a time extension on her past-due account receivable.

<u>As at November 1</u>

Account receivable = $6,000 and Note Receivable = $6000

Dec. 31 Adjusted the year-end accounts for the accrued interest earned on the White note.

<u>As at December 31</u>

Dr. Account Receivable (61 days /180 days x 6000 x 0.08) ..$163

Cr. Interest Income......................................................................................$163

Apr. 30 White honored her note when presented for payment; February has 28 days for the current year.

<u>As at April 30</u>

Dr. Account Receivable (120 days / 180 days x 6000 x 0.08) ..$320

Cr. Interest Income......................................................................................$320

Being accrued interest Income for current year to date on note receivable

Dr. Bank..............................................................................................$6,483

Cr. Accounts Receivable ($6000 note receivable + $163 + $320)...$6,483

Being settlement of note receivable with total accrued interest Income

4 0
3 years ago
Read 2 more answers
As long as a market is contestable, then even if it has only a few sellers, the Group of answer choices threat of new entrants w
Irina18 [472]

Answer: threat of new entrants will prevent the prices from rising above the competitive level.

Explanation:

A contestable market has competition such that sellers cannot unilaterally decide to sell at a certain price. They have to sell at a competitive price that is set by the market to ensure that goods are allocated efficiently.

If the prices attempt to rise above this competitive level, new sellers will enter the market so as to make a profit which would have the effect of driving the price back down to where it was and even lower if even more sellers come in. The price is therefore maintained to ensure that this does not happen.

7 0
3 years ago
Caleb purchased his first home for $420,000. He made a 10% down payment and financed the remaining purchase price. The terms of
Genrish500 [490]

Answer:

In 269th Payment the principal component is greater than half of the payment

Explanation:

Amortization schedule is attached please find it.

The loan payment includes the interest and principal portion. After deducting the interest on the due balance the residual amount is paid towards the principal.  

Loan is paid per month, the amount of each payment can be calculated as follow:

Loan Payment per month = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 9% per year = 0.75% per month

n = number months = 30 years x 12 months per year = 360 Months

PV =  present value of all payments = $420,000

P = payment per month = ?

P = 0.75% ( $420,000 x 90% ) / 1 - ( 1 + 0.75% )^-360

P = $3,041.47 per month

Download xlsx
3 0
3 years ago
Complete the statements and then calculate the change in consumption. The consumption function shows the relationship between co
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Answer:

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3 0
3 years ago
If a firm's goal is to maximize its earnings per share, this is the best way to maximize the price of the common stock and thus
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False is the answer

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