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kodGreya [7K]
3 years ago
7

Complete the statement with the correct word.

Business
1 answer:
icang [17]3 years ago
6 0

Answer:

parenting time or visitation

Explanation:

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Which of the following is an example of an open college?
Sphinxa [80]

Answer:

A

Explanation: because its a community and as i see it open means anyone can go hope i got it right and hope this helps

5 0
3 years ago
On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,000,000 cash. The original cost of the crane was $5.22 m
garik1379 [7]

Answer:

Gain= $90,000

Explanation:

Giving the following information:

Selling price= $1,000,000

Original price= $5,220,000

Accumulated depreciation= $4,310,000

<u>First, we need to calculate the book value:</u>

Book value= purchase price - accumulated depreciation

Book value= 5,220,000 - 4,310,000

Book value= $910,000

<u>Now, if the selling price is higher than the book value, the company gain from the sale:</u>

Gain/loss= selling price - book value

Gain/loss= 1,000,000 - 910,000

Gain= $90,000

3 0
3 years ago
Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12 ounces per unit a
zhannawk [14.2K]

Answer:

Direct labor rate variance= $650 unfavorable

Explanation:

Giving the following information:

Standards for the product are:

Labor: 2 hours per unit at $8 per hour.

During December, the company produced 1,000 units.

Labor: 2,500 hours worked at a total cost of $20,625.

To calculate the labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 20,650/2,500= $8.26

Direct labor rate variance= (8 - 8.26)*2,500

Direct labor rate variance= $650 unfavorable

3 0
2 years ago
The most rigorous test of a firm's ability to pay its short-term obligations is its?
lapo4ka [179]

The working capital ratio is a measurement of a company's short-term capability of paying its financial obligations.

The working capital turnover ratio measures how efficaciously a business makes use of its operating capital to supply sales. A better ratio indicates greater efficiency. In preferred, an excessive ratio can assist your employer's operations to run greater easily and limit the want for added funding.

The working ratio measures a corporation's potential to recover running expenses from annual sales. It's miles calculated by taking general annual fees, aside from depreciation and debt-related charges, and dividing it by the yearly gross income.

The current ratio, also known as the working capital ratio, gives a short view of an enterprise's financial health. You could calculate the current ratio by taking contemporary assets and dividing that discern by means of current liabilities. A ratio above 1 way current belongings exceed liabilities.

Learn more about business here: brainly.com/question/24448358

#SPJ4

6 0
2 years ago
On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019. Bank statement from the bank?s Web
Radda [10]

Answer:

Required 1.

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book           $28,192

Add Unpresented Cheques

Check 1429                                                 $1,248

Check 1430                                                    $140      $1,388

Less Lodgements not yet credited                             ($790)

Balance as per Bank Statement                              $28,790

Required 2.

Journal Entries :

J1

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

J2

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

J3

Check 1425 $30 (debit)

Cash $30 (credit)

Explanation:

The first step is to update the Cash Book Bank Balance as follows :

<u>Debit :</u>

Balance as at July 31                                                    $14,183

Credit Transfer : Foncier Ricard                                 $14,300

Totals                                                                           $28,483

<u>Credit:</u>

Check 1425 understated ($99 - $69)                               $30

Direct Debit : Central Common                                       $261

Cash Book Updated Balance (Balancing figure)       $28,192

Totals                                                                           $28,483

Then prepare a Bank Reconciliation Statement as at 31 July :

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book           $28,192

Add Unpresented Cheques

Check 1429                                                 $1,248

Check 1430                                                    $140      $1,388

Less Lodgements not yet credited                             ($790)

Balance as per Bank Statement                              $28,790

Journal Entries :

J1

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

J2

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

J3

Check 1425 $30 (debit)

Cash $30 (credit)

3 0
3 years ago
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