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3 years ago

No journal entries are required for the reconciling items on the bank side because

1 answer:

5 0

<span>No journal entries are required for the reconciling items on the bank side because companies are required to record those transactions on the company ledger. The company keeps their ledger and records are transactions over the life of the company. The ledger is an extremely important asset because it holds all of the information to do with the finance and monetary value the company has and holds.</span>

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Which of the following is a typical current liability?

Anestetic [448]

Answer: Option B

Explanation: In simple words, current liabilities refers to the obligations and promises that an entity has to pay within a year. These liabilities usually arise due to the need of an organisation to fulfill their short term requirements to operate the business efficiently.

These liabilities are of critical in nature as they directly affects the liquidity of the business. In the given case, sales tax payable is the only obligation that must be fulfilled with a year. Hence it is a current liability.

6 0

3 years ago

In the treatment of U.S. exports and imports, national income accountants _____. rev: 04_09_2018 Multiple Choice subtract export

pogonyaev

Answer:

The correct answer is: add exports but subtract imports in calculating GDP.

Explanation:

National income refers to the production of goods and services by the residents of a nation within the geographical boundaries of a nation in a given period.

In the calculation of national income, net exports are included. This net export is the difference between exports and imports. In other words, we can say that exports are added and imports are included.

6 0

3 years ago

In 2009, Modern Electronics, Inc. produced 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 201

denis-greek [22]

Answer:

a. Production decreased by 4 percent

Explanation:

In 2009, production: 60,000 units

Hours worked per day: 80x8= 640 hours

Productivity= 60,000/640 hours =93.75 units per day

In 2010: production: 76 500 units

Hours worked per day= 85x10= 850 hours

productivity= 76,500/850= 90 units per day

In 2010, production decreased by 3.75 per day. (93.75-90.00)

percentage decrease= (3.75/93.75) x 100=4

In 2010 production decreased by 4 percent

4 0

3 years ago

Watson Company has monthly fixed costs of $80,000 and a 50% contribution margin ratio. If the company has set a target monthly i

Anastaziya [24]

Answer: 189400

Explanation:

The dollar amount of sales that must be made to produce the target income would be:

= (Fixed costs + Target profit) / Contribution margin ratio

= (80000 + 14700) / 50%

= 94700 / 50%

= 94700 / 0.5

= 189,400

7 0

3 years ago

Which of the following two methods are typically used for initial screening of investments, rather than for detailed, in-depth

OLga [1]

Answer:

A. payback and accounting rate of return

Explanation:

The initial screen is a practice method of excluding the investments form the portfolio basis on the social environment and governance and the screening is mot applicable to the investments.

Such as the mutual funds and the privately co-mingled funds. A positive screening means to exclude the companies that are environmental friendly have a socially responsible business practice.

4 0

3 years ago