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3 years ago

____ projects are a set of projects where the acceptance of one project means that other projects cannot be accepted.

Business

1 answer:

il63 [147K]3 years ago

4 0

Answer:

Mutually exclusive

Explanation:

Mutually exclusive projects are projects where if you accept one project, the other project has to be rejected.

For example, a company has $250,000 to invest in a project. It can either choose to build a warehouse or buy an equipment. Both projects cost $250,000. Because of the limited capital, only one project can be chosen. This is an example of a mutually exclusive project

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Discus the national debt. is it a problem? can it be fixed?

frez [133]

Yes it’s a problem.

Yes it can be fixed.

It starts off with the regular citizens by paying any current debts and avoiding new ones.

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3 years ago

W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true

gizmo_the_mogwai [7]

W understated his age at the time he wanted to purchase the insurance policy; he was 52 then but he stated his age as 50. The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that THE AMOUNT THAT WILL BE PAID TO W'S BENEFICIARIES WILL BE EQUIVALENT TO THE AMOUNT THAT THE PREMIUM WOULD HAVE BOUGHT IF THE CORRECT AGE HAD BEEN STATED.

6 0

3 years ago

A preferred stock sells for $54.20 a share and has a market return of 9.68 percent. What is the dividend amount

kolbaska11 [484]

Answer:

$5.25

Explanation:

A preferred stock is sold at $54.20

The market return is 9.68%

Therefore the dividend amount can be calculated as follows

= 54.20 × 9.68/100

= 54.20 × 0.0968

= $5.25

Hence the dividend amount is $5.25

6 0

3 years ago

DEFINITION TERM 1. Subtract outstanding checks from the bank balance. 2. Compute the adjusted bank balance. 3. Enter the bank st

solniwko [45]

Complete Question:

What are the correct steps in preparing Bank reconciliation in a chronological order?

Answer:

1. Enter the bank statement balance from the bank statement.

2. Add any unrecorded deposits to the bank balance.

3. Subtract outstanding checks from the bank balance.

4. Compute the adjusted bank balance

5. Enter the company's book balance from its accounting records.

6. Add any unrecorded interest earned to the book balance.

7. Subtract bank fees from the book balance.

8. Compute the adjusted book balance.

Explanation:

In Financial accounting, bank reconciliation can be defined as an evaluation which give a complete details of the financial items responsible for any difference between the balance of the cash account in the balance sheet and the cash balance reported in an entity's bank statement. These reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account are kept by an organization or firm.

A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.

The steps in preparing Bank Reconciliation in a chronological order are;

1. You should enter the bank statement balance from the bank statement.

2. Add any unrecorded deposits to the bank balance.

3. Subtract outstanding checks from the bank balance.

4. Compute the adjusted bank balance

5. Enter the company's book balance from its accounting records.

6. Add any unrecorded interest earned to the book balance.

7. Subtract bank fees from the book balance.

8. Compute the adjusted book balance.

The main purpose of a bank reconciliation is to ensure an accuracy of the depositor's financial information and that of it's bank records.

<em>In a nutshell, after a reconciliation of the bank statement, the adjusted bank balance should be equal to the company's ending adjusted cash balance on the balance sheet.</em>

7 0

3 years ago

Natsu Company’s annual accounting period ends on October 31, 2017. The following information concerns the adjusting entries that

Dafna1 [17]

Answer:

Natsu Company

1. Adjusting Journal Entries as of October 31:

a. Debit Supplies Expense $54,370

Credit Supplies $54,370

To record supplies expense for the period.

b. Debit Insurance Expense $4,730

Credit Prepaid Insurance $4,730

To record Insurance expense for the period.

c. Debit Wages Expense $5,000

Credit Wages Payable $5,000

To record unpaid wages for the period.

d. Debit Depreciation Expense- Building $5,400

Credit Accumulated Depreciation $5,400

To record depreciation expense for the year.

e. Debit Rent Receivable $1,000

Credit Rent Revenue $1,000

To record rent revenue for the month.

f. Debit Unearned Rent $1,450

Credit Rent Revenue $1,450

To record rent revenue for two months.

2. General Journal Entries for subsequent cash transactions in November 2017 for c and e:

Date General Journal Debit Credit

Nov. 7 Wages & Salaries Payable $5,000

Cash Account $5,000

To record the payment of wages for the last week of the month ending October 31.

Date General Journal Debit Credit

Nov. 15 Cash Account $2,000

Rent Revenue $1,000

Rent Receivable 1,000

To record the receipt of rent for October and November.

Explanation:

a) Data and Calculations:

1. Supplies

Balance $600

Purchases 54,570

Supplies Exp. 54,370*

Balance $800

2. Policy Date of Purchase Months of Cost

Coverage

A April 1. 2016 24 $6,000

B April 1, 2017 36 7,200

C August 1, 2017 12 1,320

3. Insurance Expense for 2017:

Policy A Nov 2016 to October 2017 $3,000 ($6,000 *12/24)

Policy B April 2017 to October 2017 $1,400 ($7,200 * 7/36)

Policy C Aug. 1 2017 to October 2017 $330 ($1,320 * 3/12)

Total Insurance expense = $4,730

4 0

3 years ago