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gizmo_the_mogwai [7]

3 years ago

6

Interest is: A- charge for lending money to a bank B-the amount owed for borrowing money C-the amount added into your savings wh

en opening a bank account D-a charge for the convenience of accessing money stored in your bank account

1 answer:

KIM [24]3 years ago

8 0

B.when you take a loan out for something the faster you pay it off the less interest you have to pay

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Noncash goods and services that would otherwise have to be paid for in cash by the beneficiary is the definition of

Lapatulllka [165]

These are called in kind benefits or benefits in kind. They are benefits which are given to employees or directors from their company. However, these are not included in their salary wages. They are also called perks or fringe benefits and they include things like company cars, medical insurance, and cheap loans.<span> </span>

7 0

3 years ago

What is an example of what a business would write a check for

Helga [31]

Answer:

To pay in taxes, to purchase goods to make things if the business is a factory etc. hope this helps

Explanation:

7 0

4 years ago

On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1

UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation: Second year depreciation:

= 1,250 * 8 = 2,755 * 8

= $10,000 = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date Account Title Debit Credit

June 30, Year 1 Depreciation $10,000

Accumulated Depreciation $10,000

Date Account Title Debit Credit

June 30, Year 2 Depreciation $22,040

Accumulated Depreciation $22,040

Date Account Title Debit Credit

June 30, Year 3 Depreciation $9,800

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4 0

3 years ago

Human resource management is concerned with ________ competent employees

Nostrana [21]

Human resource management is concerned with obtaining, training, motivating, and keeping competent employees because its true, the definition of competent means skillful so jobs try not to lose their best workers at all and always want to offer them more in order to keep them from leaving or promote them to higher positions to still keep them in order to make it easier to make money.

5 0

3 years ago

Waterway Enterprises reported cost of goods sold for 2020 of $1,385,600 and retained earnings of $5,415,900 at December 31, 2020

levacccp [35]

Answer:

b. Corrected 2020 cost of goods sold = $ 1,320,320.

b. Corrected retained earnings = $5,377,860.

Explanation:

a. Determine the corrected amounts for 2020 cost of goods sold

An overstatement of the beginning inventory has to be deducted from the reported cost of good sold since the amount of the overstatement was added to the cost of goods sold initially.

On the other hand, an overstatement of the ending inventory has to be added to the reported cost of good sold since the amount of the overstatement was deducted to the cost of goods sold initially.

Therefor, we have:

Corrected 2020 cost of goods sold = $1,385,600 - $103,320 + $38,040 = $ 1,320,320.

b. Determine the corrected amounts for December 31, 2020, retained earnings

In this case, the amount of overstatement of the ending inventory has to be deducted from the reported retained earning since the retained earning was initially overstated by that amount.

Therefore, we have:

Corrected retained earnings = $5,415,900 - $38,040 = $5,377,860

3 0

4 years ago