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Nostrana [21]
4 years ago
15

4.

Business
2 answers:
Setler79 [48]4 years ago
6 0
It is c. Because most banks don't offer letters of credit.
Zigmanuir [339]4 years ago
5 0
General banking services do NOT include letters of credit.
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isabella takes $100 of currency from her wallet and deposits it into her checking account. if the bank adds the entire $100 to r
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Isabella takes $100 of currency from her wallet and deposits it into her checking account. If the banks add the entire $100 to reserves, the money supply increases, but if the bank lends out some of the $100, the money supply decreases.
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on a visit to Russia you re offered a dessert that combines sweetened cheese with candied fruit and almonds you' re being served
valkas [14]
You're being served a Pashka
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3 years ago
Misconduct in research or scholarship includes fabrication, falsification, or plagiarism in proposing, performing, reviewing, or
Sever21 [200]

Answer:

Recording data.

Explanation:

7 0
3 years ago
A corporation has a $500,000 beginning balance in retained earnings. its net income for the year was $200,000. sales revenue amo
natta225 [31]
Given:
<span>$500,000 beg. balance in retained earnings.
</span>$200,000 <span>net income for the year
</span>$1,000,000 <span>sales revenue
</span>$100,000 <span>dividends declared and paid by year-end

Retained earning is the amount left from net income after dividends have been paid. In the given data, sales revenue is not included in the Retained earnings report. It is reflected in the Income statement which generates the Net income. 

Retained Earnings, beg. balance            500,000
Add: Net Income for the year               <u>   200,000</u>
Total                                                                           700,000
Less: Dividends declared and paid this year          <u>   (100,000)</u>
Retained Earnings, end balance                             600,000

</span>
6 0
3 years ago
J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two part
Elina [12.6K]

Answer:

cash   110,000 debit

  land                   100,000 credit

  gain at disposal  10,000 credit

--to reocrd teh sale of land--

accounts payable 80,000 debit

               cash               80,000 credit

--to record the payment of liabilities--

gain at disposal 10,000 debit

                Morgan           7,500 credit

                Halsted          2,500 credit

--to distribute the gain from sale--

Morgan 22,500

Haslted    7,500

   Cash                30,000

--to liquidate the partnership--

Explanation:

ratio 3:1 (3+1=4)

Morgan  15000 share of 3/4 = 75%

Halsted   5000 share of 1/4 = 25%

there is gain of 10,000 in the sale distribute as follow

Morgan 10,000 x 75% =  7,500

Halsted 10,000 x 75% =   2,500

Now we close the account against cash

8 0
3 years ago
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