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sergejj [24]
3 years ago
9

Corbin Company was charged​ $25 for a check printing service fee associated with its checking account. Which journal entry is​ r

equired?
Business
1 answer:
snow_tiger [21]3 years ago
3 0

Answer:

Dr Miscellaneous expense $25

Cr Cash $25

Explanation:

With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.

Hence journal entry would be;

Dr Miscellaneous expense $25

Cr Cash $25.

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Whats the Whole Question?

4 0
3 years ago
Privacy act of 1974, the US government is prohibited from storing many types of data about US citizens. The act does NOT prohibi
jok3333 [9.3K]

Answer:

The correct answer is A

Explanation:

The action, looking through the paradigm of Utilitarianism would be considered ethical.

Any action especially by the ruling powers, government or political class which regardless of the rule of law is aimed at engineering the social, economic and or political levers of any state to the end that it betters society as a whole would be considered Utilitarian.

Utilitarianism is simply a theory or philosophy which preaches and teaches the need for happiness or pleasure whilst condemning any action, policy, thought or law that stimulates harm and unhappiness.

According to the question, the Privacy Act of 1974 had debarred the acquisition of Intelligence especially for the purpose of transacting business. Sooner or later it purchased, through an entity, information about its citizens on the basis of the need for National Security.

The act of seeking the welfare of the state thus becomes permissible reason under an utilitarian government for it to break a protocol or an existing edict.

Cheers!

Cheers!

7 0
3 years ago
. Which of the following individuals commonly use finance in the course of their job?I. Chief financial officersII. AccountantsI
sergiy2304 [10]

Answer:

E. I, II, III, and IV

Explanation:

Chief Financial Officer is the officer in charge of all the financial transactions who, monitor the business financially, so he uses his knowledge of finance in doing analysis and evaluation of the transactions.

Accountants do not only accounting but has also to perform the financial job many a times in calculating the amounts of each transactions.

Security Analysts are core finance related people, they basically evaluate each aspect in terms of finance of the security, how profitable it would, what are the related costs and benefits, etc:

Strategic managers use finance as to make the strategy that best suits the company to grow also further it helps the manager to take the decisions regarding the funds needed and the financial viability of the decisions to be made.

5 0
3 years ago
Assume that you have entered into a swap agreement for a notional of 100M USD under which every 6 months you agree to pay LIBOR
hodyreva [135]

Answer:

C) 0.5 USD

Explanation:

Swap is an arrangement in which two parties exchange their interest rates for mutual benefit. One party may receive fixed rate and other will receive floating rate based on LIBOR. In the given scenario the swap agreement was originated when the LIBIOR was 3%. The fixed rate was set to be at 4% so the net gain at the time of inception was 1%. When LIBOR increased after six month the net gain declined to only 0.5%.

4 0
3 years ago
A homebuilder negotiates a deal with a farmer to give the farmer a percentage of the profit on homes the homebuilder builds and
Tcecarenko [31]

Answer:

C. Yes, because the farmer is making a percentage of the profit

Explanation:

If the farmer is being used as sales man and is making a 50% profit on the home he sells, then this means he is an employee and to do his job the right way he needs to have a real estate licence for that.

Hope this Helps.

Goodluck.

4 0
3 years ago
Read 2 more answers
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