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3 years ago

Elmo wrote Kris a check for $601.73, and Kris deposited the check into her checking account. Where was Kris' signature?

Business

2 answers:

MArishka [77]3 years ago

6 0

Elmo would sign the check on the front signature line and Kris would sign the back side of the check to authorize it

Eduardwww [97]3 years ago

5 0

Answer:

Kris will sign the check on the back side to allow it.

Explanation:

Elmo will sign the check on the signature line in the front, and Kris will sign the check back to approve it.
A check is a paper that requires a bank to pay a certain amount of money from the fund of an individual to the individual in whose name the check was given.

The drawer and payee can be human persons or corporate entities.

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Green Caterpillar Garden Supplies Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at t

Zolol [24]

Answer:

the question is incomplete, so I looked for a similar one:

Statement #1: Green Caterpillar’s pool of relatively liquid assets, which are available to support the company’s current and future sales, decreased from Year 1 to Year 2.

This statement is FALSE, because:

Green Caterpillar’s total current asset balance actually increased from $15,750 million to $19,687 million between Year 1 and Year 2

Statement #2: On December 31 of Year 2, Green Caterpillar Garden Supplies Inc. had $8,072 million of actual money that it could have spent immediately.

This statement is TRUE, because:

The funds recorded in Green Caterpillar’s cash and equivalents account represents funds that are either cash or can be converted into cash almost immediately

Statement #3: If Green Caterpillar ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholders.

This statement is INCORRECT, because:

Common shareholders are treated as residual investors

Based on your understanding of the different items reported on the balance sheet and the information they provide, if everything else remains the same, then the cash and equivalents item on the current balance sheet is likely to INCREASE if the firm issues $3 million of new common stock.

If common stocks are issued, then the journal entry should be:

Dr Cash 3,000,000

Cr Common stock 3,000,000

4 0

3 years ago

Suppose that the equilibrium price of greeting cards declined at the same time the equilibrium quantity of greeting cards increa

lorasvet [3.4K]

Answer:

The answer is: A) A decrease in the price of paper used to make greeting cards.

Explanation:

In normal market conditions, an increase in the equilibrium quantity of greeting cards means that the quantity demanded and the quantity supplied of greetings cards increased. Usually an increase in the quantity supplied will result in an increase of the price of the good or service. But on this specific case something else made the price of the cards decrease. The only one of the four possible options that can explain an external cause for a decrease in the price of greetings cards, is a decrease in the price of paper used to manufacture them.

3 0

3 years ago

Lyon co. collected $1,200 in sales tax from customers during the month of march. in

slava [35]

Answer:

sales tax payable 1,200 debit

cash 1,200 credit

Explanation:

To record this entry we need to understand the sales tax is not an expense for the company as is charged into the invoice and paid by the customers.

The company is an intermediate agent between the customer and the government. The company's role is to collects the tax and pay to the government. We need to record the payment of 1,200 to the government thus, we write-off the sales tax payable and credit the cash give away to the IRS

7 0

4 years ago

1. Identify the major competitors for the brand in Pakistan clothinng

Hoochie [10]

Explanation:

hope you have find your answer

8 0

3 years ago

Which of the following should be included in the cash flow projections for a new product? I. Money already spent for research an

Darya [45]

Answer:

II, III, IV are correct

Explanation:

According to my knowledge and understanding cash flow projection for a new product should include:

II. Capital expenditures for equipment to produce the new product,

III. Increase in working capital needed to finance sales of the new product,

IV. Interest expense on the loan used to finance the new product launch.

whereas Money already spent for research and development of the new product is irrelevant as it was incurred already and not incremental.

4 0

3 years ago