Answer:
2. True
Bank charges are the various fees account holders are charged in respect of maintenance of the account along with any other charges incurred in respect of specific transactions (e.g. cheque clearance charges, fund transfer charges, collection charges, etc). Bank charges are charged directly to the customer account thereby reducing the bank balance shown in the bank statement. These charges are usually not recorded by the business until the bank provides the bank statement at the end of a month which is why balance as per bank statement may be lower than the cash book balance.
Answer:
1. 17%
2. 42.5%
3. $2,748,900
4. 44%
Explanation:
1. Return on Investment for 2017
= 
= 
= 17%
2. Profit Margin 2017
= 
= 
= 42.50%
3. Should the sales increase by 10% in 2018 then the new sales figure will be;
= $5,880,000 + ($5,880,000 *10%)
= $6,468,000
Profit = Sales * Profit Margin
= 6,468,000 * 42.5%
= $2,748,900
Return on Investment for 2018
= 
= 
= 18.7%
4. Investment turnover equal for 2018
= 
= 
= 44%
Answer:
Part 1:
Account Debit Credit
Salary Expense $9,000
Salary Payable $9,000
Part 2:
Account Debit Credit
Salary Expense $12,000
Salary Payable $12,000
Explanation:
Part 1:
Wednesday (3rd day of the week)
Salary of week =$15,000
Salary of each day=$15,000/5
Salary of each day=$3,000
Salary on Wednesday=$3,000*3
Salary on Wednesday=$9,000
Journal Entry:
Account Debit Credit
Salary Expense $9,000
Salary Payable $9,000
Part 2:
Salary of week =$15,000
Salary of each day=$15,000/5
Salary of each day=$3,000
Salary on Wednesday=$3,000*4
Salary on Wednesday=$12,000
Journal Entry:
Account Debit Credit
Salary Expense $12,000
Salary Payable $12,000
Answer: C. The worldwide economic situation
Explanation:
https://www.studystack.com/flashcard-2772205
Answer:
The Constitution
Explanation:
In the United States, Article I, Section 8 of the Constitution gives Congress the power to "lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States. This is also referred to as the "Taxing and Spending Clause."