Answer:
GROUP - A
1. A financial transaction is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment.
2.Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business.
3. a room, set of rooms or a building where people work, usually sitting at desks
4. The main objective of book-keeping is to keep a complete and accurate record of all the financial transactions in a systematic orderly, logical manner.
6. a rental for any period shorter than a standard office lease.
7. The different office types
- Private Office.
- Coworking Desk.
- Virtual Office.
- Enterprise Office.
False. Just because a website is older and has been around for awhile, does not mean it is more credible then another website. Wikipedia is a good example of a website that has been around for awhile, but does not always have credible information put on it. Credibility varies based on the website so look for information about the sources to figure out how credible it may be.
Answer:
Dorsett's net operating loss for Year 8 is $41,800.
Explanation:
From the question, we have:
Amount by which deductions exceeding gross income = $56,800
Net operating loss deduction (carryover from Year 7) = $15,000
Dividends received deduction = $6,800
In order to calculate Dorsett's net operating loss for Year 8, the dividends received deduction of $6,800 has to be fully allowed but the net operating loss deduction (carryover from Year 7) of $15,000 wouldn't be not allowed.
Therefore, we have:
Dorsett's net operating loss for Year 8 = Amount by which deductions exceeding gross income - Net operating loss deduction (carryover from Year 7) = $56,800 - $15,000 = $41,800
Answer:
b. $115,068
Explanation:
The computation of the receivables is shown below:
As we know that
operating cycle = days sale of inventory + days sales outstanding
157 days = 87 days + days sales outstanding
So,
credit days is
= 157 days - 87 days
= 70 days
Now
receivables is
= $600,000 × 70 ÷ 365
= $115,068
Therefore the correct option is second
Answer:
The approximate yield to maturity is 9.43%.
Explanation: