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Marat540 [252]
3 years ago
6

A record showing the activity and the balances owed by each customer is called the? A. general ledger. B. sales journal. C. cash

receipts journal. D. accounts receivable subsidiary ledge
Business
2 answers:
sergiy2304 [10]3 years ago
4 0
The right answer for the question that is being asked and shown above is that:  "C. cash receipts journal"  record showing the activity and the balances owed by each customer is called the <span>cash receipts journal. This is the correct answer.</span>
kumpel [21]3 years ago
3 0
The correct answer to your question is letter D. Accounts receivable subsidiary ledger.
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Veronica Mars, a recent graduate of Bell’s accounting program, evaluated the operating performance of Dunn Company’s six divisio
ELEN [110]

Answer:

Veronica is wrong because if Percy division is close, it's fixed won't be eliminated and as such the cost will be shouldered by the other divisions which will lead to a $9,400 reduction in profit.

Though eliminating Percy division will prevent the loss of $26,200. However with a fixed cost totalling $35600 which will have to be beared by other five divisions, eliminating Percy division won't be a good idea.

Explanation:

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8 0
4 years ago
A building with an appraisal value of $167,000 is made available at an offer price of $162,000. The purchaser acquires the prope
Semmy [17]

Answer:

$165,000

Explanation:

Given that

The appraisal value is = $167,000

The offer price = $162,000

Acquiring value of property = $25,000

Note Payable amount = $75,000

Mortgage Amount = $65,000

So, The computation of recognize this purchase is as follows:-

= Acquiring value + Payable amount + Mortgage Amount

= $25,000 + $75,000 + $65,000

= $165,000

3 0
4 years ago
a bond issue with a face amount of $500,000 bears interest at the rate of 10%. the current market rate of interest is also 10%.
timofeeve [1]

The Bond will sell at a price that is equal to $500,000 (OPTION A).

Bond: Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental).

A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.

Interest rates and bond prices are inversely correlated. Accordingly, bond prices decrease as interest rates rise and increase when interest rates fall.

In a portfolio, bonds continue to offer these advantages whether yields are rising or dropping. I mean, both stocks and bonds may experience a short-term price fall during times of rising interest rates. The price of the bonds will decrease as they react to increased interest rates.

To learn more about Bonds, visit the following link:

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7 0
1 year ago
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
expeople1 [14]
Answer : It hopes to make more money available for loans.
4 0
3 years ago
Read 2 more answers
The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The
max2010maxim [7]

Answer:

$1.25

Explanation:

With regards to the above and given that;

Direct material = $510 310

Direct labor = $410 $670

Manufacturing overhead?

Work in process = Direct material + Direct labor + manufacturing overhead

$3,250 = $820 + $1,080 + MOH

$3,250 - $1,900 = MOH

MOH = $1,350

Overhead rate = MOH/Direct labor hour

= $1,350/1080

= $1.25

3 0
3 years ago
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