Answer:
The Journal entry and their narrations is shown below:-
Explanation:
1. Allowance for doubtful accounts Dr, $9,800
To Account receivable-Oakley Co. $2,400
To Account receivable-Brookes Co. $7,400
(Being write off is recorded)
2. Account receivable-Oakley Co. Dr, $2,400
To Allowance for doubtful accounts $2,400
(Being amount reinstated is recorded)
3. Cash Dr, $2,400
To Account receivable-Oakley Co. $2,400
(Being cash received is recorded)
The statement " Incorporators are required to sign the charter, deliver it to the proper state officials, and purchase a certain percentage of the initial stock offering " is FALSE.
Explanation:
Incorporation of a business means making a company officially known by the company's sole property or general partner. If a company forms, it becomes a legal structure separating the individuals who founded the company.
Even though a company does not have a office there, the company must always have a registered agent within the state of incorporation.
Incorporation provides shareholders with immunity from personal liability for the company's debts.
Answer:
Explanation:
The following would be a good way to end an interview.
It has been very interesting learning how the company works and the different tasks involved with the position. I would be very excited to get a chance to contribute to the team. Is there any other additional information or documentation that you will need from me? If so I would be glad to get it for you for our next meeting.
This ending would show your interest in the job and courteously set up further interactions.
A barometer of short-term interest rates and one that is therefore considered the most volatile interest rate in the US economy is the federal funds rate.
An interest rate tells you ways excessive the price of borrowing is, or high the rewards are for saving. So, in case you're a borrower, the interest fee is the amount you are charged for borrowing cash, shown as a percent of the entire quantity of the loan.
As RBI hiked repo charge, FD quotes are anticipated to rise in 2022 and 2023. Banks and other NBFCs have already started steadily raising FD quotes after RBI made it clear that repo prices will exchange.
As interest rates circulate up, the cost of borrowing turns extra high-priced. because of this demand for decrease-yield bonds will drop, inflicting their fee to drop. As hobby prices fall, it becomes easier to borrow money, and lots of agencies will trouble new bonds to finance growth.
Learn more about interest rates here brainly.com/question/2151013
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