All categories

3 years ago

The upper-right number on a check that helps you keep track of checks written is called a(n) _____.

1 answer:

6 0

its' the Check Number – Each time you write a check, even for an electronic payment by phone, you should use the next available number in sequence and be sure to record the necessary information in your checkbook.

You might be interested in

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following

Maurinko [17]

Answer:

Net income = $364,000

Earning per share (EPS) = $0.36 per share.

Explanation:

A continuous multiple-step statement of comprehensive income is a form of income statement shows in a categorical and continuous manner operating income, i.e. the profit earned from the primary activities of an entity through buying and selling merchandise, other income and expenses, and net income.

For this question, continuous multiple-step statement of comprehensive income can be prepared as follows:

Lindor Corporation

Multiple-step Statement of Comprehensive Income for 2016

Details $ 

Sales revenue 2,300,000

Cost of goods sold 1,400,000

Gross profit 900,000

Operating expenses:

Selling and administrative expenses (420,000)

Operating income 480,000

Non operating income and exp.:

Unrealized holding gains on inv. sec. 80,000

Interest expense (40,000)

Income before tax 520,000

Income tax (30% * $520,000) (156,000)

Net income  364,000 

EPS (364,000 / 1,000,000) 0.36

8 0

3 years ago

On April 1, Year 1, Fossil Energy Company purchased an oil producing well at a cash cost of $11,100,000. It is estimated that th

Advocard [28]

Answer:

$555,000

Explanation:

Depletion expense = barrels mined in year 1 / barrels that can be profitably extracted ) x cost of the well

37,000 / 740,000) x 11,100.000 = $555,000

4 0

3 years ago

The law Örm of Saul Goodman and Associates must choose between two di§erent leases for their new space. The Örst lease, Lease A,

nataly862011 [7]

Answer:

I believe that this problem is about determining the equivalent annual cost of leasing option A:

lease cost year 1 = $36.25/sf

lease cost year 1 = $37.25/sf

lease cost year 1 = $38.25/sf

lease cost year 1 = $39.25/sf

lease cost year 1 = $40.25/sf

there are two ways to calculate this solution and the answer will vary significantly depending on which assumption you take:

a) lease payments are paid at the beginning of the year

the PV = $36.25 + $37.25/1.06 + $38.25/1.06² + $39.25/1.06³ +$40.25/1.06⁴ = $170.27

equivalent annual cost = ($170.27 x 6%) / [1 − (1 + 6%)⁻⁵ ] = $10.2162 / 0.2527 = $40.42/sf

b) lease payments are paid at the end of the year

the PV = $36.25/1.06 + $37.25/1.06² + $38.25/1.06³ + $39.25/1.06⁴ +$40.25/1.06⁵ = $160.63

equivalent annual cost = ($160.63 x 6%) / [1 − (1 + 6%)⁻⁵ ] = $9.6378 / 0.2527 = $38.13/sf

5 0

3 years ago

Which is the most common method for calculating credit card balances? A. Previous balance method, B. Adjusted balance method, C.

fenix001 [56]

The correct answer is C. Average daily balance method.

In average daily we consider balance interest or owed at the end of the day.

To calculate debt credit card we take the percentage of the total amount of current balance which will be termed as the interest then add one percent of the principal.

T o calculate for daily credit card balance we total the balance in the billing cycle everyday then you will divide your total with the number of days which in the cycle.

8 0

3 years ago

Read 2 more answers

An economy has a current inflation rate of 7%. if the central bank wants to reduce inflation to 4% and the sacrifice ratio is 2,

Mrrafil [7]

6% annual output must be sacrificed in the transition.

Annual output is the sum of the Annual Production for a given year plus the amount of Poly Purge recycled for that year, or a fraction thereof.

A unit of annual output is the total amount of products or services produced in a certain time frame (for instance, a year). The number of units of a single good produced by a company in a certain period of time, such as a month or a year, is its output. something created, for example. steel output, mineral, agricultural, or industrial production. B: Intellectual or creative output Literature. C: The quantity a person produces in a specific period of time.

Learn more about annual output here

brainly.com/question/16448480

#SPJ4

6 0

2 years ago