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3 years ago

Please help!!!

Business

1 answer:

kolezko [41]3 years ago

6 0

the answer for NO.7 is Technology exchange:

What is 'Nasdaq'

Nasdaq is a global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks. Nasdaq was created by the National Association of Securities Dealers (NASD)

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The 3 types of partnerships are general partnership, unlimited partnership and unlimited liability partnership. Please select th

Rufina [12.5K]

True, Because The 3 Types Of The Partnerships Are General Partnerships, Because They Are Unlimited Partnership Because Of The Liability Partnership.

6 0

2 years ago

On October 1, Sponge Bob, Inc. received $240 up front from a customer for a yearly magazine subscription. Magazines are provided

ddd [48]

Answer:

Oct 1 Cash $240 Dr

Unearned Subscription Revenue $240 Cr

Dec 31 Unearned Subscription Revenue $60 Dr

Subscription Revenue $60 Cr

Explanation:

The receipt of $240 upfront in advance from a customer is a liability for the business as the business has received cash for service that is yet to be provided. The business will record this as a debit to the cash account and credit to a liability account of Unearned Service Revenue.

On 31 december, the business has provided magazines for 3 months thus it has earned revenue for 3 months. The revenue for 3 months is,

Revenue per month = 240 / 12 = 20

For 3 months = 20*3 = 60

The business will record this as a credit to the subscription revenue and a debit to the unearned subscription revenue

4 0

3 years ago

he initials GAAP stand for a. Generally Accepted Accounting Principles b. Generally Accepted Accounting Practices c. General Acc

Bess [88]

Answer:

Correct option is (a)

Explanation:

GAAP is the abbreviation for Generally Accepted Accounting Principles. These are guiding principles that help in recording accounting transactions. These are developed over the course of time and includes comprehensive guidelines used by accountants over the years in preparing financial statements.

GAAP ensures reliability and comparability of financial statements.

5 0

3 years ago

A bank service charge of $10 would be included on the bank reconciliation as a(n):_____.

iris [78.8K]

A bank service fee of $10 would be included on the bank reconciliation as on the last day of the bank statement

<h2>What exactly does a bank reconciliation include?</h2>

Starting with the bank's ending cash balance, adding any deposits that are currently being made up of the company to the bank, subtracting any checks that haven't yet been cleared by the bank, then either adding or subtracting any other items completes the basic process flow for a bank reconciliation.

<h3>A bank reconciliation is what?</h3>

At the conclusion of every month, a business should perform a bank reconciliation, which is that the process of confirming the correctness of both the bank statement and the cash accounts.

The most frequent reasons why the ending bank balance and ending book balance of cash differ.

Learn more about bank reconciliation :

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7 0

1 year ago

Toan Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at t

Lerok [7]

Answer:

$129,000

Explanation:

The computation of the unadjsuted cost of goods sold is shown below:

Before that we need to compute the total cost and cost per unit which are as follows

Total cost

= Beginning balance + Direct materials + Direct labor + Manufacturing overhead cost applied

= $66,700 + $494,500 + $158,700 + $269,100

= $989,000

And, Units completed is 23,000 units

So, the cost per unit is

= Total cost ÷ Number of units completed

= $989,000 ÷ 23,000 units

= $43

And, the number of units sold is 3,000 units

So, the cost of good sold unadjusted is

= Number of units sold × cost per unit

= 3,000 units × $43

= $129,000

5 0

3 years ago