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denis23 [38]
3 years ago
7

1. Your total restaurant bill is _____. A. the items purchased minus sales tax, and plus tip B. the items purchased plus sales t

ax and tip C. the items purchased minus sales tax, and plus tip 2. A check is _____. A. required to be paid by your bank when presented B. a promissory note C. not able to be forged 3. There are several different ways to pay for items. In most modern economies, which is not a way to pay? A. credit cards B. bartering C. cash
Business
2 answers:
Kazeer [188]3 years ago
8 0

Answer:

Explanation:

1. The correct answer among the choices listed is option B. Your total restaurant bill is the items purchased plus sales tax and tip.

2. The correct answer among the choices listed is option A. A check is required to be paid by your bank when presented. 

3. The correct answer among the choices listed above is option B. Bartering is not a way to pay in modern economies.

Read more on Brainly.com - brainly.com/question/1566513#readmore

dalvyx [7]3 years ago
7 0
<span>1. The correct answer among the choices listed is option B. Your total restaurant bill is </span>the items purchased plus sales tax and tip<span>.

</span>2. The correct answer among the choices listed is option A. A check is <span>required to be paid by your bank when presented</span><span>. 
</span>
3. The correct answer among the choices listed above is option B. Bartering is not a way to pay in modern economies.
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Financial Statements of a Manufacturing Firm The following events took place for Rushmore Biking Inc. during February, the first
Katyanochek1 [597]

Answer:

Required a.

<u>Rushmore Biking Inc. </u>

<u>Income Statement For the Month Ended February 28 </u>

Sales Revenue                                       $1,033,500

Less Cost of Sales                                  ($577,400)

Gross Profit                                               $456,100

Less Expenses :

Selling expenses                 $248,300

Administrative expenses      $92,400  ($340,700)

Net Income/(Loss)                                    $115,400

Required b.

Materials inventory, February 28  is $41,000

Work in process inventory, February 28 is $24,800

Finished goods inventory, February 28 is $17,100

Explanation:

First, Calculate the Costs of Goods Manufactured, then the Income Statement

Manufacturing Costs Schedule

Direct Materials                                                  $252,100

Direct labor                                                         $216,000

Overheads ($216,000 × 70%)                            $151,200

Total Manufacturing Costs                                $619,300

Less Transfer to Finished Goods                   ($594,500)

Closing Work In Process Inventory                   $24,800

Raw Materials T - Account

Debit :

Purchases                                                          $293,100

Totals                                                                 $293,100

Credit :

Transfer to Work In Process                            $252,100

Ending Balance                                                   $41,000

Totals                                                                 $293,100

Finished Goods T - Account

Debit :

Transfer from Work In Process                       $594,500

Total                                                                 $594,500

Credit :

Trading Account                                              $577,400

Ending Balance                                                   $17,100

Total                                                                 $594,500

5 0
3 years ago
Which lender most likely offers the best options on a short-term loan?
DochEvi [55]

Answer:

a. payday lender. a company that lends customers small amounts of money at high interest rates, on the agreement that the loan will be repaid when the borrower receives their next paycheck.

Explanation:bc none of the other answers make sense, like a mortgage lender? thats for owning a house. a title lender is A loan that requires an asset as collateral is known as a title loan. ... Title loans are usually taken on by individuals needing cash fast or those in financial difficulties. The costs of title loans are exorbitant and they are considered a bad financing option.  and a bank or credit union is used to take money or put money into a bank. so if it isnt a its d. but im 99% sure. yw :))

3 0
3 years ago
What term is used to describe an account that a bond trustee manages for the sole purpose of redeeming bonds early?
sasho [114]

Answer:

Sinking fund

Explanation:

Sinking fund is a term used to describe an account that a bind trustee managed for the sole purpose of redeeming bonds early.

sinking fund: This can be seen as a type of fund that is created for the sole aim of repaying debt. It is created for the purpose of making debt easier to pay off.

The sinking fund account owner set aside a particular amount of money for a specific purpose.

Sinking funds is used to entice investors because in the case of default or bankruptcy, sinking fund will still allow investors to get their investment back. it is also a means used by corporations for bonds and deposits money to buy back issued bonds or parts of bonds before the maturity date arrives.

4 0
3 years ago
Read 2 more answers
The following information shows Carperk Company's individual investments in securities during its current year, along with the D
melamori03 [73]

Answer:

a. See the table below.

b. Debit Fair value adjustment - Available-for-sale for $47,981; and Credi Unrealized gain - Debt for $47,981.

Explanation:

1. Identify whether each investment should be classified as a short-term or long-term investment. For each investment, indicate in which of the six investment classifications it should be placed.

This can be done as follows:

<u>No.      Types of investment           Classification of investment           </u>

a.         Long-term investment         Debt investment held to maturity

b.         Long-term investment         Equity method investments 20%-50%

c.         Long-term investment         Available for sale dbt securities

d,         Long-term investment         Available for sale dbt securities

e.         Short-term investment        Stock investment <20%

2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year.

The journal entries will look as follows:

<u>General Journal                                               Debit ($)           Credit ($)  </u>

Fair value adjustment - Available-for-sale     47,981

Unrealized gain - Debt (w.1)                                                        47,981

<em><u>(To record the fair value adjustment for the portfolio of available-for-sale debt securities).  </u></em>

<u>Workings (w.1):</u>

No      Fair Value ($)       Cost ($)         Gain (loss) ($)

                    A                       B                   C = A - B

a.              453,116            416,850               36,266

c.             184,240            170,909                 13,331

d.           <u>   93,426   </u>        <u>   95,042 </u>                <u>  (1,616) </u>

Total      <u>  730,782 </u>        <u>  682,801 </u>            <u>   47,981 </u>

7 0
3 years ago
Wilson foods corporation leased a commercial food processor on september 30, 2018. the five-year finance lease agreement calls f
ella [17]

Answer:

The journal entry to record the lease would be:

                      Debit        Credit

Asset            $3,000,000

   Lease Payable     $3,000,000

                    Debit        Credit

Lease Payable           $195,774

   Cash     $195,774

Explanation:

To prepare the journal entry to record the lease we would have to calculate the present value of lease payments as follows:

present value of lease payments=$195,774*15.32380=$3,000.000

Therefore, the journal entry to record the lease would be:

                      Debit        Credit

Asset            $3,000,000

   Lease Payable     $3,000,000

                    Debit        Credit

Lease Payable           $195,774

   Cash     $195,774

8 0
4 years ago
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