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Helen [10]
4 years ago
5

While preparing its bank reconciliation, how should nordstrom record funds approved by visa but not yet received since the trans

fer may take up to two days?
Business
1 answer:
Gnom [1K]4 years ago
7 0
<span>The records might not have been found because the transfer took more than or equal to two days.It could be approved by visa after the transfer will be done successfully.</span>
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Assume that X-Men has an unadjusted Accounts Receivable balance of $10,000 and Allowance for Sales Discounts balance of $0. $1,0
lisov135 [29]

Answer:

For X-Men, the Sales Discount should be recorded at the estimated discount amount that will be taken by the X-Men's customers, which is calculated as: $1,000 * 2% = $20.

The adjusting for sales discount X-Men should be recorded as followed:

Dr Sales Discount                                    20

Cr Allowance for Sales Discount           20

( to record the estimated sales discount taken)

in which, Sales Discount is a contra-revenue account which helps to record the Net Sales amount from the Gross Sales amount.

Explanation:

6 0
4 years ago
The company ABC just paid $2 dividend per share, which will grow at 15% for the next three dividends. Afterwards, the dividends
Vika [28.1K]

Answer:

P0 = $137.2988907 rounded off to $137.30

Explanation:

The two stage growth model of DDM will be used to calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  +   [(D0 * (1+g1)^n  *  (1+g2) /  (r - g2))  /  (1+r)^n]

Where,

  • g1 is the initial growth rate
  • g2 is the constant growth rate
  • D0 is the dividend paid today or most recently
  • r is the required rate of return

P0 = 2 * (1+0.15) / (1+0.07)  +  2 * (1+0.15)^2 / (1+0.07)^2  +

2 * (1+0.15)^3 / (1+0.07)^3  +  

[(2 * (1+0.15)^3 * (1+0.05) / (0.07 - 0.05))  /  (1+0.07)^3]

P0 = $137.2988907 rounded off to $137.30

7 0
3 years ago
Match each right or responsibility in a home rental agreement with the correct party.
Salsk061 [2.6K]

1) renter's right----------return of deposit to renter after the rental agreement ends

Most states expect landlords to refund security deposits they gather inside a specific time period after the occupancy closes. Landlords may subtract from the security store any legitimate derivations for repairs and different harms made by the rent and state law.  

You ought to request that a landlord to refund your deposit toward the finish of your tenancy.If your proprietor doesn't consent to the discount, the custodial plan holds the cash until the point that the debate is settled by the plan's question goals benefit or by the court.

2) renter's responsibility-----------b)basic housekeeping and damages caused by renter

Renters are commonly responsible of guaranteeing their property remains sanitary, clean and in decent shape. A landlord is generally not in charge of making any repairs caused by the inhabitant's own imprudence. Be that as it may, if an inhabitant sees an issue and neglects to report it to the landowner, the occupant might be held subject for extra harm that would not have happened had the occupant made an opportune protest.  

3) landlord's right-----------eviction of renter for continued late payment of rent

Gathering late rent can be a standout among the most disappointing parts about being a landlord. All things considered, collecting money for the utilization of your rental property is the essential reason you got into land contributing.  

At the point when renters drive landlords to begin the eviction procedure, it can appear as though getting any sort of cash out of the procedure is quite a while away. It's not unusual for the renter to get irate when they get a notice that the eviction procedure has been begun.

4) landlord's responsibility-----------a) removing bedbugs from property

Bed bug issue? It happens to even the best of apartments. Bed bugs can get a ride in your bag or utilized furniture (be careful with second hand sleeping cushions!) or on your apparel. The critters can even go from another loft in your building.  

On the off chance that you presume Bed bugs, contact your landlord immediately. Your landlord ought to acquire a qualified exterminator to investigate for and measure the convergence of kissing bugs in your rental (and furthermore bordering units). Your proprietor should give you appropriate notice of section for the exterminator's assessment.

6 0
3 years ago
About how many Iphones were sold in 2016?
Bogdan [553]
About 18.65 million iphones were sold
5 0
3 years ago
Read 2 more answers
For each of the following activities, identify the flow of goods and services or factors of production as either household-to-fi
scoray [572]

Answer:

  1. Factors of production, household-to-firm
  2. Factors of production, household-to-firm
  3. Goods and services, firm-to-household
  4. Goods and services, firm-to-household

Explanation:

As per Circular Flow of Income

  • Households provide firms with factors of production - Land, Labour, Capital, Entrepreneur. They get factor incomes from firms - wages, rent, interest, profit in return.
  • Firms provide households with goods & services, get prices for them in return.
  1. Yakov earning 'wage' by working i.e supplying 'labour' services : is flow of factor of production from households to firm .
  2. Juanita earning 'profit' by supplying 'entrepreneurship' service : is flow of factor of production from households to firms
  3. Ana paying 'price' for good 'yoghurt' : is flow of goods & services from firms to households
  4. Dina paying 'price' for service 'piano lesson' : is flow of goods & services from firms to households

4 0
3 years ago
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