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2 years ago

Paying by check helps a business to control cash when the ______. (select all that apply.)

1 answer:

6 0

Paying by check helps a business control cash when the: manager studies the documents supporting the payment before signing the check and checks are pre-numbered and written sequentially. Options A and C

This is further explained below.

<h3>What is business?</h3>

Generally, An organization or entrepreneurial body that engages in commercial, industrial, or professional activity is what we mean when we talk about "doing business."

Both for-profit and non-profit groups may operate under the business umbrella. There are many different kinds of businesses, such as sole proprietorships, partnerships, corporations, and limited liability companies (LLCs).

Payment is the voluntary tender of cash or its equal or of objects of value by one party to another in return for goods or services given by them or to meet a legal duty.

Payments may also be made in order to fulfill a legal requirement. It is standard practice to refer to the party that is making the payment as the payer, while the party that is receiving the money as the payee.

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Under two of the incoterms® rules, ________ has to provide the importer with a certificate of insurance.

Dovator [93]

<span>"The exporter"</span> has to provide the importer with a certificate of insurance.

The Incoterms rules are standard arrangements of exchanging terms and conditions intended to help merchants when merchandise are sold and transported. Each Incoterms rule determines: the commitments of each gathering like who is in charge of administrations, for example, transport; import and fare leeway and so on.

3 0

4 years ago

.3Simba and Zola are married but file separate returns. Simba received $80,000 of salary and $1,200 of taxable dividends on stoc

Sidana [21]

Answer:

Zola's gross income is worked out under community property state;

Explanation:

community property state

Dividends ($1200/2) $600

Interest on certificate of deposit ($900/2) $450

Salary ($80,000/2) $40,000

Gross income $41,050

Under community law system, all the property is deemed to be community property and is held jointly by the spouses unless the property is acquired before marriage or inheritance or gift.

For federal tax purposes, each spouse is taxed one and half of the property belonging to community. Therefore Zola is taxed 50% for the incomes of her spouse as well including the interest on certificate of deposit.

6 0

3 years ago

When a company invests in a foreign firm, and holds active ownership of the firm, then the company is said to be in a joint vent

Irina18 [472]

Answer: TRUE

Explanation: JOINT VENTURE is a business agreement whereby two or more entities share the ownership, expense, return on investments, profit, control etc. To gain a positive synergy from their competitors.

It can between private entity, public entity or a foreign entity.

It allows risk and return associated to an investment or business to be shared among the parties as agreed

It can be for a long or short period of time

8 0

4 years ago

A company is doing business with a German entity and, as a result, has entered into a forward exchange contract on December 18,

elena-14-01-66 [18.8K]

Answer:

$18,000 gain

Explanation:

Calculation for the amount of foreign currency gain or loss that should be recognized in income on December 31, year 2

Since Forward rate was given as:

December 18, year 2 $1.25

December 31, year 2 $1.31

Which means we have to Deduct the forward rate of December 18, year 2 which is $1.25 from the forward rate of December 31, year 2 which is $1.31 and then multiply it by the amount in which forward rate was purchased which is 300,000 Euro which will in turn give us the amount of foreign currency gain that should be recognized in income on December 31, year 2

Now let calculate

Forward rate December 18, year 2 $1.25

Less Forward rate December 31, year 2 $1.31

=$0.06 gain per Euro

Now let calculate for the amount of foreign currency gain that should be recognized in income on December 31, year 2

Hence,

Forward rate purchased amount 300,000 Euro ×$0.06 gain per Euro

=$18,000 gain

Therefore the amount of foreign currency gain that should be recognized in income on December 31, year 2 will be $18,000 gain.

6 0

3 years ago

In the field of economics, the additional cost associated with one more unit of something is called a(n)?

antoniya [11.8K]

In the field of economics, the additional cost associated with one more unit of something is called a(n) marginal cost.

This is further explained below.

<h3>What is marginal cost.?</h3>

Generally, The change in the overall cost that occurs as a result of an increase in the amount produced is referred to as the marginal cost.

This is also referred to as the cost of producing an extra quantity.

In conclusion, In the study of economics, the term "marginal cost" refers to the extra expense incurred by producing one more unit of a certain product or service.