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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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Answer: D (impulse purchases)

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3 years ago
Sheffield Corp. traded machinery with a book value of $978480 and a fair value of $906000. It received in exchange from Ivanhoe
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Answer:

Gain $72,480

Explanation:

Calculation for the amount of gain or loss that Sheffield should recognize on the exchange

Using this formula

Gain/Loss= Book value – Fair value

Let plug in the formula

Gain/Loss= $978,480 – $906,000

Gain=$72,480

Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480

3 0
3 years ago
At December 31, 2020, Sandra’s Boutique had 1850 gift certificates outstanding, which had been sold to customers during 2020 for
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Answer: $129,500

Explanation:

According to the Accrual Basis in Accounting, revenue and expenses should only be recognised when goods have been delivered.

On the December 31, 2020 Sandra's Boutique had 1,850 gift certificates outstanding but these had been sold already to people during the year for $70.

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They cannot therefore recognize the revenue as Revenue yet and have to defer it.

The amount to be Deferred will therefore be,

= 1,850 * $70

= $129,500

5 0
4 years ago
Valley Designs issued a 90-day, 6% note for $96,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a
Novay_Z [31]

Answer: Please see answer in explanation column

Explanation:

a) Due date = April 22+90 days =  July  21

b) Maturity value = 96,000+(96,000*6%*90/360) = $97,440

c1) Journal entry  for receipt of note by Bork Furniture

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Notes receivable       $96,000  

Account receivable                                        $96,000

C2) Journal entry  to record receipt of payment at maturity

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Cash                        $97,440  

Notes receivable                                            $96,000

Interest revenue                                       $1,440 (97,440-96,000)

3 0
3 years ago
or each of the following situations, indicate the liability amount, if any, that is reported on the balance sheet of Bloomington
ra1l [238]

Answer:

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a.                        $220,000

b.                        $0

c.                        $3,100

d.                        $0

Explanation:

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8 0
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