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dybincka [34]
3 years ago
14

In preparing the April bank reconciliation for Oscar Company, it was discovered that on April 10 a check was written to pay deli

very expense of $45 but the check was erroneously recorded as $54 in the company's books. The correction the error of this error would increase:
Business
1 answer:
aev [14]3 years ago
8 0

Explanation:

The correction of error is shown below:-

Expense of decrease delivery and cash by $9.

Therefore, to correct this error, which affect the cash is undercharged and delivery expenses to be overcharged. So, the company will decrease the delivery expenses and increase cash by $9, it came by deducting the 45 from $54 and recorded amount is 54.

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Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
Phantasy [73]
4000*.05=200  so 200 is ur interest       4000+200=$4200
3 0
3 years ago
Since graduating from college five years ago, you have worked for a national chain of men's clothing stores. You have held sever
anzhelika [568]

Explanation:

Sole Propietorship:

Individual ownership is a form of business that is facilitated, where there are not so many rules and formalities and taxes are paid on the company's income. In this business model, there is a single owner of the enterprise who manages the business and is the only one responsible for the company's debts and profits.

The advantages are: low opening cost, low taxes, greater control, easier selling

The disadvantages are: greater liability for debts, less attraction for investors

Partnership:

A partnership is a business model where two or more people come together to open a new business together. Which means sharing responsibilities arising from the business.

The advantages are: less formality than a limited partnership, more simplified accounting, shared responsibilities, easier opening that can be agreed in writing.

The disadvantages are: conflicts over business disagreements, personal conflicts can hinder business, lack of stability, debt sharing

Corporation:

A company is a legal entity, which separates itself from its owners and acquires its own legal responsibility.

The advantages are: tax benefits, less personal responsibility, greater investment attraction, greater capital generation.

The disadvantages are: greater formalization, greater need for capital, greater inspection, greater payment of taxes, greater social and environmental responsibility.

<u><em>What do you think of the proposed name for the business, The Style Shop?</em></u>

The proposed name for the business should be a more specific name, as the name is very generic, there is no specificity that guarantees greater clarity about what the business offers and for whom. An ideal name should be more focused on your potential audience and easier to identify.

3 0
3 years ago
The Marketing Control Statement is a valuable statement for marketers because it only utilizes costs that the marketer can contr
pishuonlain [190]

Answer: True

Explanation:

The Marketing Control Statement is quite beneficial to marketers as it avoids fixed costs and shows them the variable and programmed costs both of which can be controlled. This enables them to know what they need to and can change in a way that they can come up with an optimal marketing mix to ensure profitability.

It is also a very uncomplicated statement to prepare which further ingratiates it to marketers who would like to avoid all the jargon of income statements.

3 0
2 years ago
The following credit sales are budgeted by Swifty Corporation:
Genrish500 [490]

Answer:

$458,000

Explanation:

April

$460,000 x .70 = $322,000

March

$520,000 x .2 = $104,000

February

$400,000 x .08 = $32,000

Addition of APRIL+MARCH+FEBRUARY

$322,000 + $104,000 + $32,000

= $458,000

Therefore the anticipated cash inflow for the month of April is $458,000

3 0
3 years ago
Sunset Corp. has a bond outstanding with a coupon rate of 5.94 percent and semiannual payments. The yield to maturity is 5.1 per
borishaifa [10]

Answer:

$2,189.76

Explanation:

<em>The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.</em>

<em>The price of the bond can be calculated as follows:</em>

<em>Step 1</em>

<em>PV of interest payment</em>

Interest payment =( 5.94%× $2000)/2

= $59.4

Semi annual yield = 5.1/2 = 2.6%

PV of interest payment

= 59.4× (1-(1.026)^(-20×2))/0.026)

= 59.4 × 24.41400537

=<em>$ 1,450.19</em>

Step 2

<em>PV of  redemption value</em>

=  2,000 × (1+0.051)^(-20)

= 2,000 × 0.369781925

=   739.56

Step 3

<em>Price of bond  </em>

= $1,450.19 + $739.56  

=$2,189.76

6 0
3 years ago
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