Answer:
The amount of interest revenue that should be reported in the first year is: $3,400
Explanation:
Jovel Company loaned another company $170,000 at a 12.0% interest rate.
Interest amount per year = $170,000 x 12.0% = $20,400
Interest amount per month = $20,400/12 = $1,700
From November 1 to December 31, Jovel Company has loaned the another company for 2 months.
The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year:
$1,700 x 2 = $3,400
Rather than taking $10,000.00 from a dormant account to carry out the operation, she could have solicited funds elsewhere.
1. This is an ethical problem. In this case, the bank teller is wrong for taking $10,000.00 from the dormant account to carry out the operation. This is wrong and she could be sent to jail because this is fraudulent.
2. The stakeholders, in this case, are the bank, and the owner of the account.
3. The alternatives that the bank teller could have done include:
- Borrowing from friends
- Taking a loan.
- Soliciting for help online or from non-profit organizations.
4. I'll choose "Soliciting for help online or from non-profit organizations" since it'll be free and I won't have to pay the loan back.
Read related link on:
brainly.com/question/21851842
Answer:
"1"
Explanation:
Generally accepted auditing standards are established rules and procedures guiding the conduct of an accountant during the audit of the financial statements of an organization.
It helps to confirm the quality of audit reviews conducted and reports generated by the auditor.
It covers field work , general standards and reporting.
It requires the auditor to have technical training and skills , due professional care and be objective in his engagements as an auditor.
23,748.3853 i think that’s the answer
Answer:
Gross earnings = $600
Net pay = $466.10
Explanation:
The computation of the gross earnings and the net pay is shown below:
Gross earnings
40 hours × $10 = $400
10 hours × $20 = $200
So, the total = $600
Since tami worked for 50 hours, 10 hours extra so $20 is paid for 1 hours extra. So, for 10 hours it would be $200
Net pay
Gross earnings $600
less: federal income tax withholding -$88
Less: FICA tax rate @7.65% on $600 - $45.90
Net pay $466.10
