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3 years ago

The blurring of the lines separating the subsets of the financial industry started in the:

1 answer:

7 0

The blurring of the lines separating the subsets of the financial industry started in the 1950s.
The products and services in 1950 were primarily loans, deposits, payment services, savings products, fiduciary services. By 2010, products and services further expanded to include Off-Balance Sheet activities, financial guarantees,derivatives.

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The following transactions for King Maponga Traders transpired during the month of July 2021 Date Details of transactions 1 3 6

NNADVOKAT [17]

Recording Journal Entries of transactions for the month of July 2021 in the books of King Maponga Traders are as follows:

Journal Entries:

July 1 Debit Delivery Vehicle R65,200

Credit Common Stock R65,200

To record the issuance of Journal voucher JV 012.

July 3 Debit Drawings, King Maponga R1,000

Credit Inventory R1,000

To record the issuance of Journal voucher JV 013.

July 6 Debit Interest Receivable (Mr. Settler) R1,800

Credit Interest Revenue R1,800

To record the issuance of Journal voucher JV 014.

July 12 Debit Discounts Allowed R650

Credit Accounts Receivable (C. Zama) R650

To record the issuance of Journal voucher JV 015.

July 20 Debit Motor Vehicle R67,000

Credit Office Equipment R67,000

To record the issuance of Journal voucher JV 016.

July 26 Debit Bad Debts Expense R16,000

Credit Accounts Receivable (Mr. Dodger) R16,000

To record the issuance of Journal voucher JV 017

Data Analysis:

July 1 Delivery Vehicle R65,200 Common Stock R65,200

July 3 Drawings, King Maponga R1,000 Inventory R1,000

July 6 Interest Receivable (Mr. Settler) R1,800 Interest Revenue R1,800

July 12 Discounts Allowed R650 Accounts Receivable (C. Zama) R650

July 20 Motor Vehicle R67,000 Office Equipment R67,000

July 26 Bad Debts Expense R16,000 Accounts Receivable (Mr. Dodger) R16,000

Read more about recording journal entries at brainly.com/question/17201601

4 0

3 years ago

Punitive damages are: Group of answer choices money damages awarded to punish the defendant for gross and wanton negligence and

Evgen [1.6K]

Answer:

money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

Explanation:

Punitive damages are money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

In litigations, the amount of money awarded by a court of competent jurisdiction to punish a defendant for a crime committed or such wrongdoings (gross and wanton negligence) and by extension serves as a deterrence to others is known as a punitive damage.

3 0

3 years ago

Journalize the following transactions:

Jet001 [13]

Answer:

The Journal entries are as follows:

(i) On January 3,

Salaries expenses A/c Dr. $110,000

To salaries payable $110,000

(To record the salaries expenses)

(ii) On January 3,

Merchandise inventory A/c Dr. $55,692

Raw material inventory A/c Dr. $37,128

To accounts payable A/c $92,820

(To record the merchandise and raw material)

Shipping cost A/c Dr. $550

To bank A/c $550

(To record the shipping cost)

(iii) On January 3,

Accounts receivables A/c Dr. $22,000

To sales $22,000

(To record the sales on account)

cost of goods sold A/c Dr. $15,180

To Merchandise inventory $15,180

(To record the cost of goods sold)

(iv) Cash A/c Dr. $16,850

To accounts receivables $16,850

(To record the cash received)

8 0

4 years ago

Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a n

anzhelika [568]

Answer:

Net cash provided by investing activities $221,100

Explanation:

The computation of the cash flows from investing activities is shown below:

Sale of equipment (65300 - 14000) 51300

Less: Purchase of new truck -89000

Add: Sale of land 198000

Add: Sale of Long-term investments 60800

Net cash provided by investing activities $221,100

4 0

3 years ago

Managing quality helps build successful strategies of A. differentiation, low cost and service. B. differentiation, time and r

Liono4ka [1.6K]

Managing quality helps build successful strategies of "differentiation, low cost and response".

Answer: Option C

Explanation:

The expression of supervising all operations and activities necessary to maintain the rate of competence required, thus understood as "Quality management". It involves defining a performance policy, establishing and enforcing quality scheduling and expectation, as well as quality control and enhancing quality.

In order to attract market, launch of unique product is necessary with pocket friendly price and good quality too. When quality is managed more according to the market need than the owners capability of finance, then only growth of firm is possible, thus quality of product should not be compromised.

5 0

3 years ago