Answer and Explanation:
The journal entries are shown below:
For the month of July
Cash $540 $710 - $170)
To Accounts Payable $540
(Being the payment received is recorded)
Bank service charges $20
To Cash $20
(Being the service charges is paid for cash is recorded)
Only these two entries are recorded
All other transactions are to be ignored
Answer:
The correct answer is letter "C": Stock owned by shareholders.
Explanation:
Outstanding stocks are the cumulative shares issued by a corporation owned by <em>institutional investors, corporate officers, </em>and <em>insiders</em> including restricted shares. Investors use outstanding shares to measure market capitalization of a company and its earnings per share. These are two measurement investors usually look at when deciding to buy a stock.
CALCULATE TOTAL ASSETS TURNOVER :
TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS
= 3.6/1.1
TOTAL ASSETS TURNOVER = 3.27 TIMES
In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.
An asset is a resource of economic value owned or controlled by an individual, business, or state with the expectation of providing future benefits. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible.
Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.
Learn more about ASSETS here
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Answer:
6.60%
Explanation:
We use the RATE formula that is shown in the attachment
Given that,
Present value = $=1,459.51
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 11% ÷ 2 = $55
NPER = 18 years × 2 = 36 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the coupon rate is
= 3.30% × 2
= 6.60%
Answer:
Explained below.
Explanation:
Logrolling and Combining pork-barrel projects with important spending bills are the two types of factors that prevent the defecit of pork-barrel measures on how to prolong problems with a growing defecit. The pork barrel is a trope for the provision of government spending for localized projects ensured solely rather primarily to bring money to a representative's region. This practice introduced in American English. The scholars practice it as a technical term concerning legislative control of local provisions.