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ahrayia [7]
3 years ago
15

The first step in transferring journal entry amounts to ledger accounts involves

Business
1 answer:
DochEvi [55]3 years ago
5 0

Answer:

First of all we will check that we had opened the correct ledger account and then we will date and treat the ledger account with the correct entry which means if it should be debited then it should be debited. Secondly, we will add the amount in the ledger acoount to pass the entry to the computer.

This is how journal entries are passed in the Quickbooks, Peachtree, Sage, Tally, Oracle, SAP, etc. (These are the names of accounting softwares used in accounts departments)

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An asset (not an automobile) put in service in June 2019 has a depreciable basis of $2,065,000, a recovery period of 5 years, an
spayn [35]

Answer:

c. $2,065,000

Explanation:

Under the depreciation bonus election, 100% of the deduction is allowed thus the amount of cost that can be deducted in 2019 is the total Depreciable base of $2,065,000.

6 0
3 years ago
The financial statements of Vaughn Manufacturing Company report net sales of $643100 and accounts receivable of $92000 and $2600
Sloan [31]

Answer:

The correct answer is 10.9 times.

Explanation:

According to the scenario, computation of the given data are as follow:-

Average account receivable = (Opening account receivable + Closing accounts receivable) ÷ 2

= ($92,000 + $26,000) ÷ 2

= $118,000 ÷ 2

= $59,000

We can calculate the account receivable turnover by using following formula :-

Accounts receivable turnover = Net sales ÷ Average Account receivable

= $643,100 ÷ $59,000

= 10.9 times  

3 0
4 years ago
Yakov is skilled at making both bracelets and necklaces. Yakov has no preference between making bracelets or necklaces since he
weqwewe [10]

Answer:b. It shifts to the left

Explanation:

The supply will increases as price increases and vice versa. When the price increases and supply also increases the supply curves shifts to the right and when the price decreases and supply equally decreases supply curves shifts to the left.

In the above scenario since bracelet and necklace are exclusive products the sellers will be willing to supply more of necklace since the price has increased and less of bracelet since the price has fallen and the fall in price which leads to fall in supply of bracelet will shift bracelet supply curves to the left.

6 0
4 years ago
Nick inherited $150,000, which he immediately invested into a fund that will earn 10% per annum. if interest is compounded semi-
UkoKoshka [18]

First calculate the effective interest rate because the problem says that the interest is compounded semi-annually. The formula for effective interest rate is ieff= [(1+i/n)^n] – 1. The calculated effective interest rate is 10.25%. The value of the investment in 5 years could be calculated using the equation, FV= PV (1+i)^n. The value of the investment  then would be $244,334.194. 

5 0
3 years ago
The "made in the usa" campaign was popularized by unions in an effort to influence which determinant of demand
dybincka [34]
I think the answer is TASTE or PREFERENCE of the consumer or buyer.

There are 5 determinants of demand. These are:
1) price
2) price of related goods
3) income of buyer
4) taste or preference of buyer
5) expectations

The "made in the USA" is a type of branding that will influence buyer's taste or preference. There are a lot of inference about when goods are tagged as "made in USA".
3 0
3 years ago
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