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marysya [2.9K]
3 years ago
10

Paul wrote a check to the dentist for $345.69. He’ll use the check register to record his transaction. What will be his new bala

nce? $704.73 $720.62 $1,233.58 $1,579.27
Business
2 answers:
Sauron [17]3 years ago
8 0

The answer is A) $704.73

harina [27]3 years ago
3 0

Answer: $704.73

Explanation: numbers (just took edge test)

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Hamilton Company reported an increase of $370,000 in its accounts receivable during the year 2018. The company's statement of ca
ki77a [65]

Answer:

amount of net sales =  $1370,000

so correct option is b. $1,370,000

Explanation:

given data

Increase in Accounts Receivable = $370,000

Cash Received = $1 million

to find out

amount of net sales

solution

we get here amount of net sales that is express as

amount of net sales = Cash Received + Increase in Accounts Receivable .............1

put here value we get

amount of net sales =  $1000000 + $370,000

amount of net sales =  $1370,000

so correct option is b. $1,370,000

6 0
3 years ago
One Chicago has just introduced a new single stock futures contract on the stock of Brandex, a company that currently pays no di
bekas [8.4K]

Answer:

A: $127.2

B: $123.384, $3.816 per share and $3,816 per contract

C: 9.43%

Explanation:

A: Futures price

F° = S° (1 + rₙ) = $120 x 1.06

= $127.20

B: Change in Future Price and Investor Margin account:

New Spot = $120 (1 – 0.03)

= $120 x 0.97

= $116.40

New Futures = $116.40 (1.06)

= $123.384

The long investor loses = $127.20 - $123.384

= $3.816 per share

or $3.816 (1,000) = $3,816 per contract

C: Percentage return on the investor’s position:

Percentage return = $12,000 / $127,200

= 9.43%

5 0
3 years ago
Universal Travel Inc. borrowed $497,000 on November 1, 2018, and signed a 12-month note bearing interest at 4%. Interest is paya
never [62]

Answer:

Dec 31, 2018

Interest expense                        3313.33 Dr

    Interest Payable                           3313.33 Cr

Explanation:

The note interest is payable at an annual rate of 4%. The interest will be paid at maturity however, an adjusting entry will be made on December 31, 2018 following the accrual basis of accounting to record the interest expense that relates to the period from November to December of 2018. The interest expense will be debited and as the interest will be paid at maturity, interest payable will be credited.

Interest expense = 497000 * 0.04 * 2/12   = $3313.33

7 0
3 years ago
For for computation of pre-incorporation profit salary to vendor
Leokris [45]

Interest on purchase consideration, the salary of partners, and interest on vendor capital are to be charged during the pre-incorporation period.

8 0
2 years ago
Riley has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. His
netineya [11]

Answer:

B. I hope i helped!

Explanation:

7 0
2 years ago
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