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In-s [12.5K]
3 years ago
10

A typical source document could be Question 8 options: A) a computer data entry screen. B) the company's financial statements. C

) both some type of paper document and a computer data entry screen D) some type of paper document.
Business
1 answer:
Simora [160]3 years ago
7 0

Answer:

Both A and B  

Explanation:

The original record that contains details that substantiates or supports the original document which will be entered in accounting system is called source document.  

They describe basis facts such as amount, purpose and date.

Cancelled checks, credit card receipts and supplies invoices, cash register tapes are examples of source documents.

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Tony’s business has been struggling for a while his marketing strategy has not worked with the consumers his business has reache
Kisachek [45]

Answer:

selling

Explanation:

7 0
3 years ago
Which of the following is the purpose of requiring banks to keep a specific percentage of their deposits on hand in the vault? A
love history [14]

Answer:

A. To enable the government to calculate the bank's tax burden more easily

Explanation:

hope this helps

8 0
3 years ago
Read 2 more answers
FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available for sale during the year: Beg
FrozenT [24]

Answer:

FIFO ending inventory cost: $1,220

LIFO ending inventory cost: $1,164

Explanation:

Beginning inventory 41 units at $42

Sale 31 units at $63

First purchase 17 units at $45

Sale 13 units at $63

Second purchase 25 units at $47

Sale 13 units at $63

End of the year: 26 units

FIFO ending inventory cost: 25 units x $47 + 1 unit x $45 = $1,220

LIFO ending inventory cost: 12 units x $47 + 4 units x $45 + 10 units x $42 = $1,164

3 0
3 years ago
Easter Egg and Poultry Company has $1,040,000 in assets and $649,000 of debt. It reports net income of $120,000. a. What is the
Darina [25.2K]

Answer:

A. 11.54%

B. 30.69%

C. 2.88

Explanation:

Return on assets = net income/ total assets

= $120,000 / $1,040,000 = 0.115385 = 11.54%

Return on equity = net income/ total equity

Total equity = total assets - liabilities = $1,040,000 - $649,000 = $391,000

$120,000 / $391,000 = 0.3069 = 30.69%

Profit margin = gross profit/ revenue

Asset turnover = revenue / total asset

4 = revenue / $1,040,000

Revenue = $4,160,000

Profit margin = $120,000 / $4,160,000 = 0.0288 = 2.88

I hope my answer helps you

6 0
3 years ago
Explain the relationship of savings, investing and risk to that of an investment. How is each term integral to investing wisely?
KatRina [158]

Answer:

The savings are part of the unused amount, so it doesn’t exceed the cost. Investing is a way to create capital in addition to state security and thus increase cash flow.

Explanation:

7 0
2 years ago
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