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3 years ago

6

What is a safe deposit box? What financial records are best kept in one?

2 answers:

Vladimir79 [104]3 years ago

7 0

A safe deposit box is a private, secure storage area at a location such as a bank. Documents such as adoption or birth records, wills, and marriage or divorce records, stock certificates, Social Security cards, and passports may be kept in them.

emmasim [6.3K]3 years ago

7 0

Answer: The safe deposit boxes for rent are a service generally offered by the banking entities where not only money can be stored in cash, but also other goods, such as jewelry and documentation, being completely confidential what is stored in them.

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[The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 19

Juli2301 [7.4K]

Answer:

November 17, 2021

Merchandise : air conditioners $45,600 (debit)

Accounts Payable $45,600 (credit)

November 26, 2021

Accounts Payable $45,600 (credit)

Discount Received $1,824 (credit)

Cash $43,776 (credit)

December 15, 2021

Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Explanation:

November 17, 2021

Merchandise : air conditioners $45,600 (debit)

Accounts Payable $45,600 (credit)

Recognize the Merchandise and Accounts payable at the Purchase Price less trade discount. 190 units × $300 × 80% = $45,600

November 26, 2021

Accounts Payable $45,600 (credit)

Discount Received $1,824 (credit)

Cash $43,776 (credit)

Payment is made within the discount period of 10 days and thus Thomas Company is eligible for a cash discount of 4%. Thomas Company will pay the amount owing less the 4% cash discount. $45,600 × 96% = $43,776.

December 15, 2021

Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Payment is made out of the discount period of 10 days and thus Thomas Company is not eligible for the cash discount. Thomas Company will pay the full amount owing of $45,600.

3 0

4 years ago

Which of the following are the three characteristics that an advertising appeal should have? A. humorous, memorable, and interes

mihalych1998 [28]

Answer: (E) Meaningful, believable, and distinctive

Explanation:

The advertising appeal is one of the type of communication process in which the the various types of organizations and the companies using this business strategy for promoting their brands and the products in the market.

The main objective of the advertising appeal is to creating awareness and inform customers or users about the new brands, various types of products and the services in the market.

According to the given question, there are mainly three type of characteristics of the advertising appeal that are as follows:

Meaningful
Distinctive
Believable

The main aim of the meaningful characteristic is to make the product more interesting to the customers by highlighting its various types of meaningful advantages. Distinctive makes the product unique from all the products available in the market and believable appeal ensure the customer about the accurate delivery of the products.

Therefore, Option (E) is correct answer.

6 0

3 years ago

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Anvisha [2.4K]

Answer:

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Explanation:

7 0

3 years ago

The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w

finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

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3 years ago

Robert House believed that a leader cannot move back and forth among the four leadership styles: directive, supportive, achievem

sveta [45]

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3 years ago