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pashok25 [27]
3 years ago
8

Is the summary of transactions for the month of June, the same as the general journal entries for the same month

Business
1 answer:
wlad13 [49]3 years ago
8 0

No, the general ledger journal entries are the individual transactions that occurred throughout the month. A transaction summary shows summaries of those transactions by type, such as by a person or department, card type, etc.

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larisa86 [58]

Answer:

$202,137.90  

Explanation:

Year Annual payment Discount factor  Present value  

1 $28,000          0.965250965 $27,027.03  

2 $32,000          0.931709426         $29,814.70  

3 $66,000          0.899333423         $59,356.01  

4 $99,000          0.868082454 $85,940.16

Total present value                                         $202,137.90  

The discount factor should be computed by  

= 1 ÷ (1 + interest rate)^years  

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3 years ago
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Yanka [14]

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The type of fraud here is referred to as the bait and switch fraud. This fraud occurs when customers are told about the low prices and quality of a product but aren't available when customers want to purchase such products and they're then given products that are costlier or products that are of lesser quality.

This can be seen in the question when the sales associate advertised the video game system for a reduced price which wasn't available when customers wanted to buy but were offered a game that was costlier.

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Answer:

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