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3 years ago

Services that are available when you open a savings account

Business

1 answer:

WARRIOR [948]3 years ago

5 0

Monthly statements, investment options, and online banking services.

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When was the articles of confederation written

Phantasy [73]

The articles of confederation were written in March 1, 1781

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3 years ago

Read 2 more answers

A company reported net income of $290,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $21,0

NikAS [45]

Answer:

$310,500

Explanation:

The first step is to calculste the increase in account payable

= ending amount-beginning balance

= $29,000-$11,500

= $17,500

Decrease in account receivable

= $21,000-$18,000

= $3,000

Therefore the cash flow can be calculated as follows

= $290,000 + $17,500 + $3000

= $310,500

8 0

3 years ago

Journalize the following transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the all

Vaselesa [24]

Answer:

The journal entries are made below;

Explanation:

May 1. Account Receivable-Beijing Palace Co. Dr.$18,900

Sales Revenue Cr.$18,900

Cost of Goods Sold Dr.$11,200

Inventory Stock Cr.$11,200

Aug 30. Cash Dr.$8,000

Bad Debt Expense Dr.$10,900

A/R-Beijing Palace Co. Cr.$18,900

Dec 8. A/R Beijing Palace Dr.$10,900

Bad Debt Expense Cr.$10,900

Cash Dr.$10,900

A/R Beijing Palace Co. Cr.$10,900

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3 years ago

All _____________must become part of the federal reserve system.

grin007 [14]

All national banks become part of the federal reserve system.

<h3>What is federal reserve system?</h3>

Federal reserve system is a financial institution that is in charge of regulating and controlling money in circulation so as create a stable economy that will help to prevent of financial crisis.

National banks are also known as commercial bank and this commercial banks are under central bank supervision.

Therefore all national banks become part of the federal reserve system

Learn more about Federal reserve system here:brainly.com/question/1997750

#SPJ1

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2 years ago

Hogan Industries had the following inventory transactions occur during 2017: Units Cost/unit Feb. 1, 2017 Purchase 110 $46 Mar.

Rama09 [41]

Answer:

The answer is: Gross profit = $2,788

Explanation:

Feb. 1 Purchase 110 units $46 per unit
March 14 Purchase 190 units $48 per unit
May 1 Purchase 135 units $ 50 per unit

312 units were sold at $64 per unit, tax rate is 30%

Using FIFO, what is the company's gross profit? We first calculate COGS

Cost of goods sold - 312 units:

110 units at $46 per unit = $5,060
190 units at $48 per unit = $9,120
60 units at $50 per unit = $3,000

Total COGS = $17,180

Income statement for Hogan Industries 2017

Total revenue $19,968

COGS ($17,180)

Gross profit $2,788

Taxes 30% ($836.40)

Net profit $1,951.60

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3 years ago