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Nikolay [14]
3 years ago
12

The following information pertains to Blossom Company.

Business
1 answer:
melamori03 [73]3 years ago
4 0

Answer:

Explanation:

(A) The preparation of the  bank reconciliation statement on July 31, 2017 is presented in the spreadsheet. Kindly find the attachment below:  

(B) The journal entries are shown below:

Cash A/c Dr $2,576

   To Accounts receivable $,2576

(Being cash is collected)

Bank service charges expense A/c Dr $51

      To Cash A/c                                  $51

(Being bank service charges paid)

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When a packer in the frozen foods section of a grocery store labels a meat steak with little or no fat as "AA" and another meat
NikAS [45]

Answer:

Grading

Explanation: Grading is the process of separating products based on their level of similarity,as the packer tries to separate and label the meat with little or no fat as ''AA'' and another with more fat as ''AB''. This is to ensure easy accountability an to help the consumer in making choice.

Grading system helps for easy tracking of the stock level of different food products available in the grocery store.

7 0
3 years ago
What steps must countries take to transition to a mixed-market economy? Check all that apply. They must establish state-owned bu
IrinaVladis [17]

The answer is:

B. They must establish a fair labor market.

D. They must open up trade to other countries

In mixed-market economy, both government and the private sectors play equally important roles in managing/regulating the economy.

Establishing fair labor market is being done in order to prevent the private sectors from abusing their workers. Opening trade to other countries is being done by the government sectors through mutually beneficial foreign policies which will improve our total exports.

7 0
3 years ago
Read 2 more answers
Marc, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bonds
Nutka1998 [239]

Answer:

The answer is: Marc´s effective tax rate is 18.29% equivalent to $18,289.50

Explanation:

Marc is a single filer, so his taxable income of $100,000 falls under the fourth tax bracket ($82,501 to $157,500) with a tax rate of 24%. To calculate Marc´s effective tax rate:

Taxes due = $14,089.50 + [24% x ($100,000 - $82,500)]

                  = $14,089.50 + (24% x $17,500)

                  = $14,089.50 + $4,200

                  = $18,289.50

So Marc´s effective tax rate (ETR) = ($18,289.50 / $100,000) x 100 = 18.29%

Note: The $10,000 Marc earned in interest from municipal bonds (City of Birmingham bonds) are tax exempt, so they are not included in these calculations.

5 0
3 years ago
Amanda has $150 to spend. If she buys 8 gallons of paint, does she have enough money left to buy 2 pints of paint thinner?.
NNADVOKAT [17]

Answer:

The paint calculator is useful if you're planning an interior or exterior home painting project. Here are a few details so you can better understand how we came up with our calculations. How Much Does a Gallon of Paint Cover? One gallon of paint covers approximately 350 square feet. A standard door accounts for approximately 20 square feet

Explanation:

4 0
3 years ago
According to the video what are the purpose of the Dodd Frank Act Check all that apply?
nexus9112 [7]

To improve accountability for banks To protect consumer from abusive financial practices. To end bailouts

8 0
3 years ago
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