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shutvik [7]
3 years ago
12

Introduction of checks into the payments system reduced the costs of exchanging goods and services. Another advantage of checks

is that Group of answer choices they provide convenient receipts for purchases. they can never be stolen. they are more widely accepted than currency. the funds from a deposited check are available for use immediately.
Business
1 answer:
sweet-ann [11.9K]3 years ago
6 0

Answer:

they provide convenient receipts for purchases

Explanation:

Checks payment is a form of paying bills. They were created to allow people to make payments without carrying large amounts of cash hence convenient for purchases.They are also  are safer than other forms of payment as they are traceable; when a transaction occurs and payment is made by checks, banks usually make copies of each check and the owner remains with an underlying copy from the check book.  

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What is the meaning of deplation​
slava [35]

Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.

Explanation:

  • The term depletion is a concept generally we use in tax and accounting.
  • The meaning of depletion is to move the cost of extracting natural resources like oil and minerals from the earth to the income sheets.
  • It is a non-cash expense that lowers the cost value of an asset gradually scheduling charges to the income.
  • To evaluate the depletion per unit we divide the total cost less salvage value by the total number of estimated units.

5 0
3 years ago
At the start of the current year, Company A purchased 30% of Company B for $45 million. At the time of purchase, the carrying va
brilliants [131]

Answer: a. $4.5 million

Explanation:

The depreciation to be recognized is;

= Value of Depreciable assets * Percent of company owned

= 15,000,000 * 30%

= $4,500,000

5 0
3 years ago
On January 1, 2018, Brussels Enterprises issues bonds at par dated January 1, 2018, that have a $3,400,000 par value, mature in
pashok25 [27]

Answer:

a. Record the entry for the issuance of bonds for cash on January 1, 2018.

January 1, 2018, bonds are issued

Dr Cash 3,400,000

    Cr Bonds payable 3,400,000

b. Record the entry for the first semiannual interest payment on June 30, 2018.

June 30, 2018, first coupon payment

Dr Interest expense 153,000

    Cr Cash 153,000

c. Record the entry for the second semiannual interest payment on December 31, 2018.

December 31, 2018, second coupon payment

Dr Interest expense 153,000

    Cr Cash 153,000

d. Record the entry for the maturity of the bonds on December 31, 2021 (assume semiannual interest is already recorded).

December 31, 2021, payment of bonds payable

Dr Bonds payable 3,400,000

    Cr Cash 3,400,000

6 0
3 years ago
Insurance Reading Quiz
Nezavi [6.7K]

The statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.

<h3>What is disability insurance plans?</h3>

Disability insurance plans can be defined as an insurance plan that  help to cover the cost of people that are physically disabled.

When a person is disable due to work hazard the employers may tend to provide  short-term or long term disability insurance plans that will help to provide income to disable person.

Therefore the statement " whether employer-sponsored or privately purchased, disability insurance plans will cover 70% of your lost income" is: b) False.

Learn more about Disability insurance plans here: brainly.com/question/16810465

#SPJ1

6 0
2 years ago
At a sales volume of 30,000 units, Carne Company's total fixed costs are $30,000 and total variable costs are $45,000. The relev
Anna [14]

Answer:

$2.25

Explanation:

sale volume of company = 30,000 unit

total fixed cost are = $30,000

total variable cost $45,000 for 30,000 unit

1 unit = 45000/30000 =  $ 1 . 5

for the sale of 40,000 unit

the  total expected cost

    = Fixed cost + Variable cost

      = $30,000 + 40,000×$1.50

      = $30,000+$60,000

     = $90,000

Cost per unit:

 = $90,000/40,000

=  $2.25

8 0
3 years ago
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