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BigorU [14]
3 years ago
7

If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?

Business
1 answer:
earnstyle [38]3 years ago
6 0
A Company needs three ledgers if it has three bank accounts for processing payments. Three ledgers need for each of the bank accounts.

This three ledger provide more efficient and effective in maintaining each of the accounts and the payment process related to the account. This method will make the bank reconciliation process easier too.
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Which one is not a benefit to
Pavel [41]

Answer:

I think its B

Explanation:

A is the probability of not losing your job

C Needs a Postive Attitude

D also Needs a Positive Attitude

3 0
2 years ago
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
MissTica

Answer:

1. B. 3.14

2. C. 1.12

Explanation:

1. Times Interest Earned ratio

Measures how well a company is able to cover it's debt obligations using it's earnings.

The formula is simply,

= Earning before Interest and Tax / Interest Expense

Therefore,

Times Interest Earned ratio = 116/37

= 3.14

HHF's times interest earned ratio is Option B, 3.14.

2. Debt to Equity Ratio

This ratio compares the debt used to fund a company vs it's equity. It measures how much of either way used to fund the company.

The formula is,

= Total Debt / Total Equity

= 540/484

= 1.12

HHF's Debt to Equity ratio is 1.12, Option C.

4 0
3 years ago
Identifying the needs a business will address is a good example of the _______ of the organization.
Flura [38]
The answer for this question is C.
8 0
2 years ago
Read 2 more answers
Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4% charge on sales for using its c
eduard

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $6,240

Credit card expense A/c Dr $260            ($6,500 × 4%)

            To Sales A/c $6,500

(Being the deposit is recorded)

For recording the deposit, we debited the cash account, credit card expense and credited the sales account so that the proper posting can be done.

0 0
3 years ago
Walgreens Boots Alliance’s Sales, Cost of Goods Sold, and Gross Profit
zhuklara [117]

Answer:

a. 26%

b. 28.2%

Explanation:

Consider the following formula:

Gross profit ratio = Net sales - Cost of sales / Net sales

Walgreen's 2015 gross profit ratio: (103444-76520)/103444

26.0%

Walgreen's 2014 gross profit ratio: (76392-54823)/76392

28.2%

6 0
3 years ago
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