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sergij07 [2.7K]
3 years ago
11

The balance of an account is determined by

Business
1 answer:
Klio2033 [76]3 years ago
5 0
The balance of an account is determined by the difference between the total amount of debt and the total amount of credit.
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Barrowing generally slows an economy down because barrowers must pay interest as well as returning the principal of the loan
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Answer: true

Explanation:

4 0
3 years ago
The Unique Bookshelf Company is considering the purchase of a custom delivery van costing approximately $50,000. Using a discoun
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Answer:

$1,200

Explanation:

Given that

Purchase of a customer delivery van = $50,000

discount rate = 20%

Present value of future cost savings = $51,200

Yield = 20%

Based on the above information, as per the net present value the initial cost of the equipment should not be more than the present value of cash inflows  i.e. $51,200

So the more than amount is

= $51,200 - $50,000

= $1,200

3 0
3 years ago
Which of the following is a task commonly performed using GAS?
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Answer:

The correct answer is letter "E": All of the above.

Explanation:

The Generalized Audit Software or GAS is a computer-based tool designed to carry out routine audits inside a company. It imports generalized data so then samples can be browsed to later be analyzed. The data is stored based on certain criteria identifiers for easiness in the search. Besides, confirmations of account receivables can be printed from the software.

8 0
3 years ago
Data from a scientific investigation should be presented in what format?
katen-ka-za [31]
I depends on the type of data some have their own data sheet and some must be made but I would use a graph or a c&e sheet
6 0
3 years ago
On February 3, Smart Company sold merchandise in the amount of $2,700 to Truman Company, with credit terms of 1/10, n/30. The co
nadezda [96]

Answer:

Journal entry on February 8 :

Debit  : Cash $2,673

Debit  : Discount received $27

Credit : Account Receivable $2,700

Explanation:

The journal entry that Smart makes on February should show the Cash payment net of cash discount, a decrease in Total Account Receivable balance and recognition of an expense discount allowed up to 1 %.

8 0
2 years ago
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