Sylvia and co. provides enrollment and recordkeeping services to the widget on inc. In this scenario, Sylvia and co. is most likely a third-party administrator.
The record holder tracks the assets of the pension plan. You can do other things, but a recordkeeper's main job is to keep track of how much money you have, where it's located, and what kind of money. Recording fees can be paid by the employer, the employee, or both.
In general, there are two types of document management systems: traditional paper document management systems and electronic document management systems. As the name suggests, traditional paper record keeping systems involve managing and storing printed documents.
Determining how long to retain records requires implementing a responsible records retention policy. The record retention schedule defines how long records are retained from an operational and legal perspective, and the timely and systematic destruction of obsolete records.
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Answer:
See below
Explanation:
1. The current ratio is the sum of current assets divided by current liabilities. It used to measure the ability of the airlines accessories to meet its short term obligation due within a year
Current ratio = $93 million + $85 million + $9 million / $80 million + $26 million
Current ratio = $187 million / $106 million
Current ratio = 1.76:1
Current ratio = 1.76 times
2. Acid test ratio. This measure liquidity but with adjustment for risky current assets i.e Inventory
Acid test ratio = Current assets - Inventories / Current liabilities
Acid test ratio = ($187 million - $173 million) / $106 million
Acid test ratio = $14 million / $106 million
Acid test ratio = 0.13:1
Acid test ratio = 0.13 times
Answer:
40%
Explanation:
Devana owns 40% of GW Corp. despite having another 40% shares in Alpine Inc. This is as a result of Devana not having up to 50% shares in Alpine Inc.
Without up to 50% shares in Alpine Inc, the shares of Alpine Inc. in GW Corp. cannot be attributed to Devana.
This means that for Devana to own Alpine Inc shares in GW Corp. it has to acquire 10% more in addition to the 40% it already has.
Cheers.
The answer is: ask a home inspector to check the house
The inspector's main job is to check various places on the house to determine whether there is a possible hazard or unseen damage within the house. The information that you get from the inspectors could help you determine a fair pricing for the house and help you decide whether the house is suitable for your standard or not.
Answer:
Buddy's year-end balance in Allowance for Bad Debts is $2,500.
Explanation:
Allowance for Bad Debts is a contra-asset account. The amount of receivables expected to be uncollectible is recorded here.
When the year starts, this account can have balance, so we have to add $800 for the resolution of this case.
The registration of a write off means that the expense is not going to be collected, so we have to subtract $1,700.
During the year, $3,400 was recorded in the account. So we have to add that amount to the example.
In conclusion, this is our balance $800-$1,700+$3,400=$2,500.
