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4 years ago

Criteria are rules to follow when searching for information. True False

Business

1 answer:

Oksanka [162]4 years ago

4 0

Answer:

true

Explanation:

you need to follow the criteria in order to get a better grade

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Prior to adjustment at August 31, Salaries Expense has a debit balance of $272,650. Salaries owed but not paid as of the same da

zlopas [31]

Answer:

A. Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

B. Dr Income summary $275,790

Cr Salary expense $275,790

Explanation:

A. Preparation of the adjusting entry to record accrued salaries as of August 31

August 31

Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

(To record accrued salaries)

B. Preparation of the Closing entry on August 31

August 31

Dr Income summary $275,790

Cr Salary expense $275,790

($272,650+$3,140)

(To record Closing entry)

5 0

3 years ago

A customer buys a Brokered CD for $100,000. Upon receipt of his next account statement, the customer sees that the market value

Mnenie [13.5K]

Answer: A. interest rates have risen

Explanation:

Since the customer buys a Brokered CD for $100,000 and upon eceipt of his next account statement, he sees that there has been a reduction in the market value of the CD to $99,800.

This would occur because there has been an increase in the interest rates. On the other hand, assuming there was a reduction in the interest rate, this will lead to an increase in the market value.

5 0

3 years ago

Unlike consumer credit, trade credit does not involve the use of a

hammer [34]

Answer:

Trade credit means many things but the simplest definition is an arrangement to buy goods and/or services on account without making immediate cash or check payments. Trade credit is a helpful tool for growing businesses, when favorable terms are agreed with a business's supplier.

Explanation:

Trade credit allows businesses to receive goods or services in exchange for a promise to pay the supplier within a set amount of time. New businesses often have trouble securing financing from traditional lenders; buying inventory, for example, on trade credit helps increase their purchasing power.

3 0

3 years ago

Please can u explain 5 types of ledgers

horsena [70]

Answer:

1. Sales ledger

2. Purchase ledger

3. Cash ledger

4. General ledger

8 0

3 years ago

Read 2 more answers

Customer Information Programs (CIPs) use several examples to define a person opening a new account. In which scenario should the

xz_007 [3.2K]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.

While the other options are wrong because of the following reasons:

Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.

Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.

Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.

8 0

3 years ago