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Scrat [10]
3 years ago
14

Which document establishes an initial record of the receipt of the inventory? petty cash voucher purchase order vendor's invoice

receiving report?
Business
1 answer:
Sladkaya [172]3 years ago
8 0

Answer:

The answer is receiving report.

Explanation:

Receiving report shows that the product ordered has been received by the purchaser from the vendor. Vendor’s invoice usually come after the receiving report and generally would be sent following that document, either separately or together. Purchase order would come before receiving report as an initial agreement to purchase a number of products from a vendor. Petty case vouchers are not related to external transactions with a vendor, but are instead used for internal-related business transactions.

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Marco wants to cancel his department store credit card so he threw it away after he paid last month's balance. Was this a good i
ANTONII [103]

Answer:

1. No, becuase someone could steal it.

2. No, becuase the fine you get for not paying a bill will grow.

Explanation:

3 0
3 years ago
What is a federal reserve note in simple terms?
valina [46]
Federal reserve notes are the marks on money like the serial number, U.S emblems, and the signatures. They show that the money is an American Dollar.
6 0
3 years ago
Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f
jekas [21]

Answer:

a) $7,400

b)$60,000

Explanation:

First, we need to complete the question

a) What is Rita's home office deduction for the current year?

b) What is Rita's AGI for the year?

Solution

a) Rita's Home Office Deduction for the Current Year

Description                                                        Amount ($)

Gross Income                                                   13,000

Subtract: Her Business Expenses                    (5,600)

The balance                                                        7,400

Subtract: Expenses under 1st Tier                     (6,700)

(Interest 5,100 + taxes 1,600)

Balance                                                                   700

Subtract: Expenses unde 2nd Tier                        (700)

($800 Operating Expernses before limit)

Balance                                                                    0

Subtract: Expenses under 3rd Tier                         (0)

1,600 Depreciation before limit

<u>Net income from Rita's Business                              0</u>

The Deduction allowed Rita is $7,400 a totla of the home office expenses and the home operating expenses

Note that there was no expense subtracted for the Tier 3 expenses this is because Rita's income had reduced to $0 and there was nothing to subtract from

B)  What is Rita's AGI for the year?

The AGI is the Rita's reported AGI of $60,000 + $0 which is the net calculated income from her business. So her AGI remains $60,000.

6 0
3 years ago
Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% annual coupon rate, and a par value of $1,000. The discount rate is
azamat

Answer:

$977.93

Explanation:

This is a coupon paying bond. Using a financial calculator, input the following;

Time to maturity; N = 15

Coupon payment; PMT = 7.25% *1000 = 72.5

Face Value; FV = 1,000

Annual interest rate; I/Y = 7.5%

then compute the price of the bond, a.k.a present value; CPT PV = 977.93

Therefore, the price of the bond today is $977.93

7 0
3 years ago
A bank reconciliation:Group of answer choicesis a formal financial statementboth A and B are correctis part of a sound internal
Anna [14]

The Correct question reads;

Which of the following statements about bank reconciliations is correct?

a. Should not be prepared by an employee who handles cash transactions

b. Is part of a sound internal control system

c. Is a formal financial statement

d. Both (a) and (b) are correct

Answer:

<u>a. Should not be prepared by an employee who handles cash transactions</u>

<u>Explanation:</u>

It is only a bank that prepares a bank reconciliation statement. So, it is correct to say that a bank reconciliation statement should not be prepared by an employee who handles cash transactions.

3 0
3 years ago
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