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BigorU [14]
3 years ago
10

When deleting a check all of the following is true except: Multiple Choice It is better to delete the check than void the check

in order to erase all records of the transaction The deleted check no longer appears in the check register QuickBooks changes the amount deducted in the check register to zero All of the choices are correct
Business
1 answer:
schepotkina [342]3 years ago
4 0

Answer: It is better to delete the check than void the check in order to erase all records of the transaction

Explanation:

When a check is deleted, it should be noted that such check is being removed entirely from the system and also the transaction of the check will no longer be visible anywhere in the system.

Voiding a check mean that the amount of the transaction on the check will be changed to zero but it should be ited that a record of such transaction will still be kept in QuickBooks but deleting it will help remove the transaction in QuickBooks.

When a check is voided, the check details like the check number, account, payee, memo and date will be unchanged, even though the amount will change to zero.

Therefore, the option that says that it is better to delete the check than void the check in order to erase all records of the transaction isn't true.

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Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the
vaieri [72.5K]

Answer:

Intuition Decision Making model.

Explanation:

Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.

When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.

4 0
3 years ago
Which of the following is a characteristic of a monopolistically competitive market? I. Each firm is a price-taker. II. Firms se
dangina [55]

Answer:

The correct answer is option II and III only.

Explanation:

Monopolistic competition is a market structure where there is a large number of buyers and sellers. The sellers in this market sell differentiated products which are close substitutes.  

There is a very low restriction on the entry of new firms in the market. Because of differentiated products each firm has some degree of market power. The firms face a downward-sloping demand curve. This means that the firms decide the price level.  

Though the firms enjoy zero economic profits in the long run.

3 0
3 years ago
Beta Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2017. The weighted average n
Bas_tet [7]

Answer:

The price earnings ratio for Beta corporation is 8 times

Explanation:

The formula for price-earnings ratio is the stock market price divided by the  stock earnings per share.

The stock market price has been given as $52 per share

the earnings per share=net income-preferred dividends/weighted average number of shares

net income is $325,000

preferred dividends is $0

weighted average number of shares is 50,000

earnings per share=($325,000-$0)/50,000=$6.5

price earnings ratio=$52/$6.5= 8 times

4 0
3 years ago
The balance sheet of Cattleman's Steakhouse shows assets of $86,800 and liabilities of $14,800. The fair value of the assets is
xxMikexx [17]

Answer:

The goodwill is $9,220

Explanation:

Goodwill is the excess of purchase consideration paid to acquire a business over the fair value of net assets acquired.

Fair value of net assets acquired is the difference between the fair of assets acquired over the fair value of liabilities taken up which is shown below.

Net assets=$89,600-$14,800

Net assets =$74,800

Since purchase consideration paid is $84020

Goodwill=$84,020-$74800

Goodwill=$9,220

The goodwill of $9220  represents the premium paid over the net assets of Catteman's Steakhouse as a compensation to the owners of the business in return for their efforts of running the business and see go through different phases of development since the establishment of the business.

6 0
3 years ago
The marginal principle of retained earnings means that each potential project to be financed by retained earnings must:
Sedaia [141]

Answer:

The correct answer is D

Explanation:

Marginal principle is the principle which is referred to an increase in the activity level when the marginal advantage exceeds or more than the marginal cost.

So, the marginal principle of retained earnings would be when it will provide the higher rate of  return than the shareholders who could achieve after paying taxes on the dividends.

3 0
3 years ago
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