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3 years ago

Do checks expire if they are not cashed?

1 answer:

6 0

Usually, checks that are more than six months old are considered "stale dated." Please also keep in mind that some business checks (such as payroll checks, government checks, etc.) have a specific expiration date listed on the check, which limits or extends the time period when the checks can be cashed or deposited.

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A cost that is incurred when an actual monetary payment is made is a(n) __________ cost A. expressed B. explicit C. implicit D.

Arada [10]

Answer:

explicit cost

Explanation:

The explicit cost will be the accounting expenses, those which are related to business operations like: materials, labor, rent, insurance and others.

This cost will be presented in the income statement and determinate the net income for the firm.

In constract for the explicit cost there are implicit cost. Those cost are related to output we renounce for using the factor in the current business (interest from a banking account instead of in investment in a forniture business; wages from another job instead of being entrepreneur)

4 0

3 years ago

Global Exporters wants to raise $31 million to expand its business. To accomplish this, it plans to sell 20-year, $1,000 face va

yanalaym [24]

Answer:

Min number required = 36742.44878 rounded off to 36743 bonds

Explanation:

To calculate the minimum number of bonds that must be sold, we first need to calculate the bonds price.

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 1,000 * 0.062 * 6/12 = $31

Total periods (n) = 20 * 2 = 40

r or YTM = 0.0775 * 6/12 = 0.03875 or 3.875%

The formula to calculate the price of the bonds today is attached.

Bond Price = 31 * [( 1 - (1+0.03875)^-40) / 0.03875] + 1000 / (1+0.03875)^40

Bond Price = $843.7107767 rounded off to $843.71

The bonds will sell at a price of $843.71 today.

So the minimum number of bonds that must be sold is,

Min number required = 31,000,000 / 843.7107767

Min number required = 36742.44878 rounded off to 36743 bonds

6 0

3 years ago

On July 1, 2019, Cullumber Company pays $12,000 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fis

denis-greek [22]

Answer:

Explanation:

On July 1, 2019, Cullumber Company pays $12,000 to Kalter Insurance Co. for a 3-year insurance contract.

For Cullumber Company:

July 1 Debit:Prepaid Insur $12000

Credit: Bank. $12,000

Being payment for prepaid Insurance.

Dec 31. Credit:prepaid insur $2,000

Debit:Insurance exp $2,000

Being insurance expenses for the year.

For Blossom Company:

July 1 Credit:Unearned Revenue $12000

Debit: Bank. $12,000

Being unearned revenue on Insurance.

Dec 31. Debit:unearned revenue $2,000

Credit: Revenue $2,000

Being insurance revenue for the year.

3 0

3 years ago

Architects consider this when designing a building.

frozen [14]

When designing a building an architect consider following things;
The site or place where the building is going to be constructed, second thing he considered is engineering, another thing he considered while designing is the needs of the user and the materials which are going to be used in constructing a building.

5 0

3 years ago

Last year, talent show tickets were sold for $11 each and 400 people attended. it has been determined that an increase of $1 in

tankabanditka [31]

Answer:

Explanation:

4800 - 300 ppl $16

4800 - 320 ppl $15

5 0

2 years ago