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3 years ago

WILL MARK BRAINLIEST!!!!! PLZ HELP ASAP!!!!!

1 answer:

4 0

Answer: Direct deposit is a payment option where your funds are electronically transferred to your checking or savings account through any way of technology. This can help the payee receive the payment(s) faster and avoid dealing with physical checks. In many cases, direct deposit means your payroll checks are immediately deposited into your account.

Explanation: Explanation's up there, what is there to explain

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Which of the following statements about Treasury Stock is correct? Multiple Choice The balance in the Treasury Stock account inc

DedPeter [7]

Answer:

The balance in the Treasury Stock account reduces total Stockholders' Equity

Explanation:

Treasury stock also known as reacquiring stock refers to outstanding shares which were previously owned by a company which is then bought back by shareholders of that company. Treasury stock do not have much value but provide means of raising the price of share which in turn provides profits for investors.

Treasury stock is normally recorded in the shareholders equity section of the balance sheet representing the number of repurchased shares from the open market, thereby reducing shareholder's equity by the amount paid for the stock

8 0

3 years ago

The discounts lost account is used under the ___ method for inventory. multiple choice question. periodic gross perpetual net

maxonik [38]

The discount lost account is used under the net method for inventory.

<h3><u>What is discount?</u></h3>

When a security is trading for less than its intrinsic or basic value, it is said to be trading at a discount in the world of finance and investment.
When a bond's price is trading below its par value, or face value, in the fixed-income market, a discount is present.
The extent of the discount is equal to the difference between the price paid for a security and its par value.
Bonds may trade at a discount for a variety of reasons, such as rising interest rates, problems with the underlying company's credit, or riskiness when compared to comparable bonds.

The discount rate, an interest rate used to calculate the time worth of money, should not be confused with a discount.

Know more about discount with the help of the given link:

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7 0

2 years ago

A company issues $100,000 face value, zero-coupon, 4-year U.S. corporate bonds on January 1, 20XO, when the market rate for simi

aivan3 [116]

Answer:

Amount = Maturity/(1+risk rate)⁴

Amount = $100,000/(1+0.12)⁴

Amount = $63,552 (Approx)

Interest payable = $63,552 x 0.12

Interest payable = $7,626 (Approx)

Interest payable (2nd period) = ($63,552+$7,626) x 0.12

Interest payable (2nd period) = $8,541 (Approx)

Explanation:

JOURNAL ENTRY

BOOKS OF (.....)

Date Account title Debit Credit

Cash a/c Dr $63,552

To Bonds payable a/c $63,552

1st-period

Bond Interest a/c Dr $7,626

To Bonds payable a/c $7,626

2nd-period

Bond Interest a/c Dr $8,541

To Bonds payable a/c $8,541

6 0

2 years ago

Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the followin

Tasya [4]

Answer:

See below

Explanation:

The below shows the calculation of variance

Budgeted direct labor (per unit) 0.60

Units 2,000

Budgeted direct total labor (hrs) 1,200

Actual hours 1,160

Standard rate $17

Direct labor efficiency variance

The direct labor efficiency variance

= (Budgeted hours - Actual hours) × Standard rate

= (1,200 - 1,160) × $18

= $720 favourable

7 0

3 years ago

Departmental overhead rates may not correctly assign overhead costs due to:

Vika [28.1K]

Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.

6 0

3 years ago