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3 years ago

In the United States, all financial institutions are required to conduct business at a physical location only.

Business

1 answer:

worty [1.4K]3 years ago

4 0

Answer:

B-False

Explanation:

Because some companies do business online.

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During the current year, the company had the following summarized activities:

scoray [572]

Answer:

Explanation:

4 0

3 years ago

Palmona Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $181 in cash along with receipts for t

damaskus [11]

Answer:

Journal Entry for establishing a Petty cash fund

Date Particulars Debit Credit

Jan 1 Petty cash A/c $270

To Cash A/c $270

(Being Petty cash fund established)

Journal Entry for reimbursement of petty cash

Date Particulars Debit Credit

Jan 8 Postage A/c $36

Transportation A/c $13

Delivery Expense A/c $15

Miscellaneous Exp A/c $25

To Cash A/c $89

(Being reimbursement of petty cash expenses

incurred from petty cash fund)

Journal entry for Increasing the limit of Petty cash fund

Date Particulars Debit Credit

Jan 8 Petty Cash A/c $50

To Cash A/c $50

(Being Petty cash fund limit extended to $320 i.e., we have

to add $50 to existing fund in order to make it $ 320.)

6 0

3 years ago

On January 1, 2021, for $17.9 million, Seashells Company issued 8% bonds, dated January 1, 2021, with a face amount of $19.9 mil

bearhunter [10]

Answer:

Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

Explanation:

According to the scenario, computation of the given data are as follows,

Face value = $19.9 million

Issued bond rate = 8% annually or 4% semi annual

So, Cash = $19,900,000 × 4%

= $796,000

Issued bonds value = $17.9 million

Market yield = 10% annual or 5% semi annual

So, Interest revenue = $17,900,000 × 5%

= $895,000

So, Journal entries are as follows,

Jun.30,2021 Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

(Being interest revenue on June30 is recorded)

5 0

3 years ago

If Joe were to introduce himself as Dr. Early to sell to Gensol, knowing that people would assume that he was a medical doctor,

valentina_108 [34]

Answer:

Explanation:

Yes if he is giving his opinions on Gensol just to increase the sales and he is not a medical doctor, and people will assume that he is, then he will enter in fraudulent activity. Obviously this is not a criminal offense but its not ethical.

Just to increase sales he must not introduce himself as doctor of anything, considering the fact that people will consider him medical doctor and rely on his opinion. Its purely unethical and immoral.

3 0

3 years ago

Grandma's Bakery wants to begin selling gluten-free products and vegan products. The C-Suite executives have made the decision a

8_murik_8 [283]

Answer:

The correct answer is letter "B": functional managers.

Explanation:

Functional managers are those in charge of carrying out the operations of a business. These types of executives receive orders from the company's owners -stakeholders- after an analysis of what course the firm should take according to current market conditions so the managers can implement the plan in the organization's activities.

6 0

4 years ago