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2 years ago

In order to comply with DAVID Memorandum of Understanding requirements, a user must acknowledge understanding of:

Business

1 answer:

a_sh-v [17]2 years ago

8 0

Answer:

Acknowledge his/her understanding of criminal sanctions for unauthorized use 20

Explanation:

According to the Department of Highway Safety and Motor Vehicles Division of Motorist Services DRIVER AND VEHICLE INFORMATION DATABASE otherwise known as DAVID.

In order to comply with DAVID Memorandum of Understanding requirements, a user must acknowledge understanding of criminal sanctions for unauthorized use 20.

Also, a user must acknowledge his/her understanding of the confidentiality of information

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Sarah purchased 75 sweaters from a wholesaler for $16 each. She wants the markup percentage to be 18 percent. How much will Sara

MakcuM [25]

Dddddddddddddddddddddd

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2 years ago

On the worksheet, the Service Revenue account has a credit balance of $20,000 on the Unadjusted Trial Balance. In the Adjustment

Vesnalui [34]

Answer:

$22,000

Explanation:

Data provided

Credit balance = $20,000

Credit amount = $2,000

The computation of the amount for Service Revenue in the Adjusted Trial Balance is shown below:-

The Amount for service revenue = Credit balance + Credit amount

= $20,000 + $2,000

= $22,000

Therefore we have applied the above formula for determining the Amount for service revenue.

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2 years ago

Briefly explain how the total amount of cash reported on the balance sheet is computed.

anastassius [24]

The entire current assets are subtracted from the non-cash assets. The quantity of cash shown on the balance sheet is represented by this figure. Prior to including them in the report, add the cash and petty cash totals to simplify the balance sheet. The cash line of the balance sheet report should now reflect the combined sum.

An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.

A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or some other type of entity like a government or not-for-profit entity.

Learn more about balance sheet here

brainly.com/question/1113933

#SPJ4

4 0

1 year ago

Sam, alfredo, and juan want to start a small u.S. Business. Juan will fund the venture but wants to limit his liability to his i

Ugo [173]

Answer: These individuals must enter into a <u>limited partnership.</u>

When a partnership has at least one General Partner and one Limited Partner, the partnership is called a limited partnership.

The general partners bear all the risk of the partnership and are jointly and severally liable for the debts of the partnership.

The limited partner contributes funds, but in not involved in the management of the partnership.

As a result he is not personally liable for the debts of the partnership.

However, he is entitled to a dividend by virtue of his investment. The nature of this dividend is defined and the terms are spelled out clearly in the partnership agreement.

7 0

2 years ago

National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first mon

lana66690 [7]

Answer:

National Park /Tours Co.

National Park Tours Co.

Unadjusted Trial Balance

May 31, 2019

Account Titles Debit Credit

Cash $10,700

Equipment 25,000

Drawing 3,500

Accounts receivable 3,500

Accounts payable $ 1,750

Fees Earned 13,900

Supplies 2,450

Capital 34,700

Operating expenses 5,200

Totals $50,350 $50,350

Explanation:

a) Data and Calculations:

T-accounts

Cash

Account Titles Debit Credit

Beth Worley, Capital (1) 34,700

Supplies (2) 2,450

Equipment (3) 4,500

Operating expense (4) 3,800

Accounts payable (5) 18,750

Accounts receivable (6) 10,400

Operating expense (8) 1,400

Drawings (9) 3,500

Balance 10,700

Totals $45,100 $45,100

Equipment

Account Titles Debit Credit

Cash (3) 4,500

Accounts payable (3) 20,500

Balance 25, 000

Totals $25,000 $25,000

Beth Worley, Drawing

Account Titles Debit Credit

Cash (9) 3,500

Accounts Receivable

Account Titles Debit Credit

Fees Earned (7) 13,900

Cash (6) 10,400

Balance 3,500

Totals $13,900 $13,900

Accounts Payable

Account Titles Debit Credit

Equipment (3) 20,500

Cash (5) 18,750

Balance 1,750

Totals $20,500 $20,500

Fees Earned

Account Titles Debit Credit

Accounts receivable (7) 13,900

Supplies

Account Titles Debit Credit

Cash (2) $2,450

Beth Worley, Capital

Account Titles Debit Credit

Cash (1) 34,700

Operating Expenses

Account Titles Debit Credit

Cash (4) 3,800

Cash (8) 1,400

Balance 5,200

Totals $5,200 $5,200

3 0

2 years ago