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3 years ago

What is the meaning of remittance

Business

2 answers:

HACTEHA [7]3 years ago

5 0

<span>a sum of money sent or in payment for goods or services or as a gift.
</span>

yanalaym [24]3 years ago

3 0

The action of spending money in payment.

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On January 1, 2018, equity account balances are as follows: Preferred Stock $ 500,000 Common Stock 1,000,000 Paid-In Capital in

Ludmilka [50]

Answer:

a. debit to Paid-In Capital From Treasury Stock of $155,000

Explanation:

Treasury Stock purchase 25,000 shares = $762,500

Per share value = $762,500/25,000 shares

Per share value = $30.5

Selling price of 10,000 treasury stock = $15 × 10,000 = $150,000

Purchase price of 10,000 treasury stock = $30.5 × 10,000 = $305,000

The deference between sales and purchase of treasury stock = $155,000

Therefore, option A is the answer because paid-In Capital From Treasury Stock becomes a debit due to selling the stock in low price.

4 0

3 years ago

Match the job titles with career clusters executive secretary survey researcher Storage and distribution manager loan officer ca

AURORKA [14]

Finance: accountant, loan officer. Marketing, Cargo and Freight Agent - Transportation, Distribution and Logistics.

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3 years ago

In a statement of cash flows using the indirect method, an increase in available-for-sale securities due to an increase in their

damaskus [11]

Answer:

The correct answer is d) A deduction from net income in determining cash flows from operating activities.

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

It depends on the account if it is added or subtracted to net income.

In this case, an increase in available-for-sale securities due to an increase in their fair value should be reported as a deduction from net income.

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3 years ago

Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technol

Fantom [35]

Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the best mode to generate profits from new markets. best, profits, new the sentence.

<h3>What are Firms?</h3>

Generally, Firms are simply defined as the business as an essential component of any economic system in which individuals satisfy needs via the division of labor and the trade of products and services.

In conclusion, Firms are business-oriented organizations.

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2 years ago

There is a 4 percent error rate at a specific point in the production process. If an inspector is placed at this point, all the

Vsevolod [243]

<u>Solution and Explanation:</u>

The given data is as follows:

Error rate = 4%, per hour payment of inspector = $8, inspection of units = at the rate of 49 per hour, cost = $9 per unit

The problem can be solved as considering an opportunity to have an improvement of 4% in the quality.

In case inspector is not hired then it will cost .04 multiply 9= $.3.6 per unit and in case the inspector is hired it will cost $ 0.163 approx.(8 divided by 49).

Therefore, on comparison, it is recommended to hire the inspector.

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3 years ago