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Anarel [89]
3 years ago
7

1. __________ is the act of declaring a drivers license void and terminated when it is determined that the license was issued th

rough error or fraud.
Business
1 answer:
katrin2010 [14]3 years ago
5 0

The answer to the blank space is cancellation.

In the United States, when your driver’s license status is deemed invalid it can be due to several reasons, which are generally categorized into four: <em>suspension, revocation, cancellation, and denial</em>.

A suspended license means that your license is temporarily out of service, perhaps due to receiving too many traffic tickets or driving under the influence (first time). A revoked license means that your license is cannot be reinstated, which can be due to a serious traffic offense or failing a DMV road test. A denied license means that your application for a driving license in denied due to some reasons.

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Ayayai Corporation reported net income of $50,700 in 2020. Depreciation expense was $17,900. The following working capital accou
Lina20 [59]

Answer:

                                Ayayai Corporation

                            Statement of Cash Flows

                 For the Year Ended December 31, 202x

Cash flows from operating activities:

Net income                                                                         $50,700

Adjustments to reconcile net income:

  • Depreciation expense $17,900
  • Increase in accounts payable $13,600
  • Increase in accounts receivable ($12,000)
  • Increase in AFS securities ($17,100)
  • <u>Increase in inventory ($7,200)                                  ($4,800)</u>

Net cash flow provided by operating activities                $45,900

Notes payable are part of the financing activities of the company, they are not part of the operating activities. So any change in the value of notes payable must be included in the cash flows from financing activities.

6 0
3 years ago
Mar. 29 Received a $30,000, 60-day, 5% note dated March 29 from Karie Platt on account.
dolphi86 [110]

Answer:

Explanation:

Date Description Post. Ref. Debit Credit Assets Liabilities Equity

1 Mar.29 Notes receivable 30000 30000

2 Accounts receivable-Karie Platt 30000 -30000

3 Apr.30 Notes receivable 24000 24000

4 Accounts receivable-Jon Kelly 24000 -24000

5 May.28 Accounts receivable-Karie Platt 30250 30250

6 Notes receivable 30000 -30000

7 Income Summary ($30000 x 5% x 60/360) 250 250

8 Jun.29 Accounts receivable-Jon Kelly 24320 24320

9 Notes receivable 24000 -24000

10 Income Summary ($24000 x 8% x 60/360) 320 320

11 Aug.26 Cash 30855 30855

12 Accounts receivable-Karie Platt 30250 -30250

13 Income Summary ($30250 x 8% x 90/360) 605 605

14 Oct.22 Allowance for Doubtful Accounts 24320 24320

15 Accounts receivable-Jon Kelly 24320 -24320

163745 163745 1175 0 1175

5 0
4 years ago
Sandra, the operations manager of the Zara clothing chain, is informed that the summer line requires certain materials that are
Alecsey [184]

Answer:

<em>MRP (Material Requirement Planning)</em>

Explanation:

Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.

All of this consists of <u>three principal steps</u>:

  • stock of on-hand components and materials,
  • recognize which added bits are required and,
  • afterwards schedule their manufacturing or purchase.
3 0
3 years ago
On January 1, 2021, purchased $100,000 of Anand Company bonds at face value. The Anand bonds pay 6% coupon rate. On the purchase
Tpy6a [65]

Answer: $3,000

Explanation:

On June 30, 2021, Rupar would have held the bond for 6 months. The coupon rate is an annual figure and so must be translated to a semi annual figure.

To do that simy divide by 2.

= 6% /2

= 3%.

The bond is paid interest on at face value as well.

Therefore the interest on June 30 is,

= 100,000 * 3%

= $3,000

5 0
3 years ago
Which of the following transactions is recorded in the purchases​ journal? A. cash purchase of merchandise inventory B. cash sal
loris [4]

Answer: Option D

Explanation: A specialized type of journal that keeps records of orders made by a business on credit or on account is called purchase journal. In simple words we can say that this journal is used by entities to record all the orders placed using vendor credit or accounts payable.

.

Therefore, Transactions in option A and B will not be recorded in purchase journal as these are cash transactions and option C  is a sales transaction. Thus, purchase of furniture on account in option D is the right answer.  

6 0
4 years ago
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