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Natali [406]
3 years ago
14

. Which is NOT a principle of organic farming? (a) Avoiding synthetic fertilizers (b) Keeping as much organic matter as possible

on the farm (c) Increasing soil mass and biological activity (d) Avoiding the use of fossil fuels (e) Working with natural systems
Business
1 answer:
Scilla [17]3 years ago
8 0

Answer: Avoiding the use of fossil fuels

                                               

Explanation:  

There are four principles of Organic Farming which are as follows :-

1. Such farming should sustain and enhance the health of soil, plants, animals as well as of humans.  

2. Such farming should be based on the living ecological systems and cycles and help sustain them.

3. Thus kind of farming is build on relationships that ensure fairness with regard to common environment and life processes.

4. Such farming should be managed in a precautionary and responsible manner to protect the health and well being of current and future generations.

Hence the correct option is A .

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The cash account for American Medical Co. at April 30 indicated a balance of $89,775. The bank statement indicated a balance of
enyata [817]

Answer:

1. Adjusted bank balance $112,250

Adjusted cash balance $112,250

2.April 30

Dr Cash $24,075

Cr Note receivable $22,500

Cr Interest revenue $1,575

April 30

Dr Accounts payable - Targhee Supply Co $1,530

Cr Cash $1,530

April 30

Dr Bank service charges $70

Cr Cash $70

3. $112,250

Explanation:

1. Preparation of a bank reconciliation

AMERICAN MEDICAL CO.

Bank ReconciliationApril 30

Cash balance according to bank statement $125,160

Add Deposit in transit $18,000

Add Correction of bank error $630

Less Checks outstanding totaled ($31,540)

Adjusted balance $112,250

Cash balance according to company’s records $89,775

Add Bank collection of note and interest 24,075

Less Bank service charges ($70)

Correction of book error ($1,530)

Adjusted balance $112,250

2. Preparation of the journal entries

April 30

Dr Cash $24,075

Cr Note receivable $22,500

Cr Interest revenue $1,575

($24,075-$22,500)

April 30

Dr Accounts payable - Targhee Supply Co $1,530

Cr Cash $1,530

April 30

Dr Bank service charges $70

Cr Cash $70

3. Based on the bank reconciliation the amount that should be reported as cash will be $112,250

7 0
3 years ago
A partial adjusted trial balance of Piper Company at January 31, 2017, shows the following:
Fittoniya [83]

Answer:

(a) If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1?

  • supply balance January 31 + supplies expense - purchases = $700 + $950 - $850 = <u>$800</u>

(b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased?

  • Insurance expense per month = $400 x 12 months = $4,800, beginning balance prepaid insurance January 1 = $2,800. This means that the insurance policy was purchased ($4,800 - $2,800) / $400 = 5 months before, this means it was purchased in <u>August, 2016</u>.

(c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable on December 31, 2016?

  • wages payable on December 31, 2016 = salaries expenses + wages payable balance January 31, - paid salaries = $1,800 + $800 - $2,500 = <u>$100</u>

(d) If $1,600 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016?

  • unearned service revenue on December 31, 2016 = cash received for providing services - service revenue + unearned service revenue balance January 31 = $1,600 - $2,000 + $750 = <u>$350</u>

6 0
3 years ago
In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
anygoal [31]

Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

5 0
4 years ago
The Acme Corporation has been acquired by the Conglomerate Corporation. To help finance the takeover, Conglomerate is going to l
vovangra [49]

Answer:

The one-year liquidity index for these securities is 0.862

Explanation:

For computing the liquidity index, we have to use the formula which is shown below:

= (IBM stock face value ÷ total amount of face value) × (IBM current liquidation value ÷ IBM one year liquidation value) + (GE stock face value ÷ total amount of face value) × (GE current liquidation value ÷ GE one year liquidation value) + (Treasury securities stock face value ÷ total amount of face value) × (Treasury securities current liquidation value ÷ Treasury securities one year liquidation value)

where,

total amount of face value = IBM stock face value + GE stock face value + Treasury securities face value

= $15,000 + $6,000 + $20,000

= $41,000

Now put these values to the above formula

= ($15,000 ÷ $41,000) × ($14,900 ÷ $15,500) + ($6,000 ÷ $41,000) × ($3,000 ÷ $3,400) + ($20,000 ÷ $41,000) × ($15,000 ÷ $19,000)

= 0.365 × 0.961 + 0.146 × 0.882 + 0.487 × 0.789

= 0.350 + 0.128 + 0.384

= 0.862

Hence, the one-year liquidity index for these securities is 0.862

8 0
3 years ago
Is the externality positive or negative? Explain. Identify the socially optimum output. Explain how you determined your answer.
tankabanditka [31]

Thanks admin for giving such valuable information through your article . Your article is much more similar to <u>https://www.moschinooutletonlinestore.com/moschino-my-little-pony-women-large-leather-clutch-black.html</u>  word unscramble tool because it also provides a lot of knowledge of vocabulary new words with its meanings.

4 0
3 years ago
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