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3 years ago

Establishing general ledger accounts opening balances will always be zero true or false

1 answer:

6 0

True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.

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A customer opens an account and tells the broker to do whatever is prudent. what should the broker do?

Yakvenalex [24]

The broker should obtain a signed power of attorney from the customer.

A broker is someone or firm who arranges transactions between a buyer and a dealer for a fee whilst the deal is done. A broker who additionally acts as a supplier or as a buyer will become a foremost party to the deal.

In general, before transacting customs enterprise on behalf of a customer, a customs broking is needed “to obtain a legitimate energy of attorney to accomplish that.” 19 C.F.R. 141.46. Neither CBP statutes nor regulations further elaborate as to whether or not digital signatures are accredited to execute a POA.

A power of attorney is a written document signed and recounted by way of one person (the essential) authorizing another man or woman (the lawyer in fact or agent) to behave on their behalf. The law, in particular, provides that the strength of a lawyer may additionally confer authority upon behavior banking transactions on behalf of the most important.

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8 0

2 years ago

Hank purchased a new grill for $349 on his credit card. He had a previous balance of $225.91. A finance charge of $8.62 was asse

Lady bird [3.3K]

If his starting balance is the $225.91

then his balance would be

-131.71

4 0

3 years ago

Read 2 more answers

What was the innovative way pears’ soap marketed its product?

Degger [83]

Brand name was the innovative way pears’ soap marketed its product.

Brand name is one of the brand elements by which customers are helped to identify and differentiate one product from another. It should be chosen very carefully.

It captures the key theme of a product in an efficient and economical manner. It can be noticed easily and its meaning can be stored and triggered in the memory instantly.

Choice of a brand name requires a lot of research. Brand names are not necessary to be associated with the product.

For example , brand names can be based on places such as Air India or British Airways, animals or birds name such as Dove soap, Puma, people name such as Louise Phillips, Allen Solly etc. In some instances, the company name is used for all products for example, General Electric, LG.

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6 0

2 years ago

Feldpausch Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Tot

Mademuasel [1]

Answer:

The correct answer is A.

Explanation:

First, we need to calculate the activities rates:

Assembly= 1,372,578/61,800= $22.21 per machine-hour

Processing orders= 63,235/2,010= $31.46 per order

Inspection= 151,316/2,090= $72.4 per inspection-hour

Now, we allocate costs to W26B:

Assembly= 22.21*1,200= 26,652

Processing orders= 31.46*78= 2,453.88

Inspection= 72.4*34= 2,461.6

Total allocated costs= $31,567.48

Finally, the unitary cost and margin for W26B:

Unitary allocated cost= 31,567.48/600= $52.61

Unitary total cost= 49.55 + 12.44 + 52.61= $114.6

Product margin= 128.7*600 - 114.6*600= $8,460

8 0

3 years ago

The need to develop new customers is extremely important. Some studies estimate that the average company loses ________ percent

VikaD [51]

Answer:

The correct answer is letter "C": 15-20.

Explanation:

Different researches have helped businesses concluded that around 15% to 20% of them lose their customers year after year. From them, almost 60% goes to the business's competitor and the other 40% substitute the good or service in reference. The main reason why individuals break up their relationship with companies is because of the treatment they received while others are dissatisfied with the good or service.

So, customer service is a key feature at the moment of determining clients' loyalty to the firm.

5 0

3 years ago