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3 years ago

Which 3 statements regarding Bank Rules are true? (Select all that apply)

Business

1 answer:

lys-0071 [83]3 years ago

8 0

Answer:

A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions

B) Bank rules can be copied, edited, or deleted

C) You can automatically add transactions to the register using Bank Rules

Explanation:

Bank rules help in the creation of transactions that are imported from the bank feed automatically.

The three statements regarding Bank Rules that are true are:

A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions

B) Bank rules can be copied, edited, or deleted

C) You can automatically add transactions to the register using Bank Rules

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On January 1 Primary Manufacturing had a beginning balance in WorkminusinminusProcess Inventory of $ 80 comma 700 and a beginnin

Virty [35]

Answer:

$318,000

Explanation:

The formula to compute the final balance in the cost of goods sold is shown below:

= Total cost of Job A -12 + Total cost of Job A -13 - unadjusted credit balance of manufacturing overhead account

= $125,000 + $203,000 - $10,000

= $318,000

The cost of goods sold refers to the direct cost that includes the direct material , direct labor cost etc

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3 years ago

JDW Corporation reported the following for 20X1: net sales $2,929,500; cost of goods sold $1786,995; selling and administrative

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Answer:

JDW Corporation

Income statement

For the year ended December 31, 20x1

Sales $2,929,500

Cost of good sold $1,786,995

Gross Profit $1,142,505

Selling and Administration expenses $585,900

Income from Operations before tax $446,605

Income Tax $116,887

Net Income $439,718

JDW Corporation

Statement of comprehensive income

For the year ended December 31, 20x1

Net Income $439,718

Unrealized holding loss net of tax -$22,000

Foreign currency transaction adjustment $26,250

Unrealized loss from pension adjustment net of tax -$7,000

Comprehensive Income $436,968

8 0

3 years ago

A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, invento

grandymaker [24]

Based on the information given the company's cash-basis income for its first year of operations is $350,000.

First step

Net sales revenues =Sales - Account receivable

Net sales revenues= $1,000,000 - $100,000

Net sales revenues = $900,000

Second step

Net expenditure on purchases =Inventory purchases - Account payable

Net expenditure on purchases =$400,000 - $50,000

Net expenditure on purchases = $350,000

Third step

Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses

Cash-basis income= $900,000 - $350,000 - $200,000

Cash-basis income= $350,000

Inconclusion the company's cash-basis income for its first year of operations is $350,000.

Learn more about cash-basis income here:brainly.com/question/25817056

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2 years ago

If actions of the Nepalese government caused a shortage of domestic currency, then the government fixed exchange rate would be

solniwko [45]

Answer:

D) below the market equilibrium and rupee per dollars will tend to rise.

Explanation:

In the case when the nepalese government taken an action that result in shortage of the domestic currency so the government exchange rate i.e. fixed would be below the market equilibrium and the dollars per rupee would increase as if there is a shortage so the government fixed the currency i.e. below the equilibrium due to which the currency would become stronger

Hence, the correct option is d.

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3 years ago

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Explanation:

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3 years ago