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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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Which of the following should not be recorded in income and expenditure account?

kirill [66]

Answer:

C. honorarium paid to the secretary

Explanation:

6 0

3 years ago

Which of these options for saving money typically offers the most liquidity?

erica [24]

The option for saving money which typically offers the most liquidity is D. a basic savings account.
Liquidity refers to the fact that you can withdraw your money anytime you want.

4 0

4 years ago

Three years ago, you invested $2,750. Today, it is worth $3,500. What rate of interest did you earn?

Ket [755]

Answer:

Rate of interest is 8.37%

Explanation:

Future Value = $PV(1+r)^{3}$

3,500 = 2750 $(1+r)^{3}$

$\frac{3500}{2750}$ = $(1+r)^{3}$

$\sqrt[3]{\frac{3500}{2750}}$ = $\sqrt[3]{(1+r)^{3}}$

1.0837 = 1+r

r = 1.0837 - 1

r = 0.0837

r = 8.37%

Check:

3500 = 2750 $(1+0.0837)^{3}$

3500 = 3500

6 0

3 years ago

Sarjit Systems sold software to a customer for $293,000. As part of the contract, Sarjit promises to provide "free" technical su

kakasveta [241]

Answer:

Dr Cash/ Accounts Receivables $249,050

Cr Revenue $249,050

Explanation:

The customer receives a discount for purchasing the bundle of goods because the sum of the stand-alone selling prices ($300,000) exceeds the promised consideration ($293,000). There is a discount of $7,0000

This would be split between the two performance obligations as follows

Technical support = $45,000/$300,000 X $7,000 = $1,050

Software = $255,000/$300,000 X $7,000 = $5,950

The software sale is $255,000 - $5,950 = $249,050

3 0

3 years ago

Read 2 more answers

Consider a five-person family consisting of a father, mother, twin 16-year-old sons attending high school, and an 85-year- old g

DerKrebs [107]

The correct answer to this open question is the following.

Unfortunately, you forgot to attach the options for this question.

However, trying to help, we can say the following.

In 2017, before the change in the tax laws, the approximate amount of money that the parents would be able to deduct from their adjusted gross income based on their personal exemptions was $16,000.-

In the federal government taxation regulations periodically changes and adjust to consider new circumstances. That is why the IRS continually makes adjustments.

In December 2017, Congress passed the Jobs Act and Tax Cuts, modifying credits work and tax deductions of American families. Among the most important changes that started to be valid in 2018 was the removal of exemptions. That is why, before this removal of exemptions was valid, the head of the family could get personal exceptions for qualified family members such as the wife and children, or any other dependent.

8 0

3 years ago