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geniusboy [140]

3 years ago

8

"A prospective customer has been solicited by a registered representative, and prior to opening an account, the customer wishes

to check on the disciplinary background of that registered representative. Which statement is TRUE?"

1 answer:

STALIN [3.7K]3 years ago

5 0

Explanation:

i love Kayla it the ture statement

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Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options fo

Solnce55 [7]

Answer:

$8,300

Explanation:

Calculation for what Elroy's incremental profit or loss would be if he chooses option 2 over option 1

Using this formula

Incremental Profit of option 2 over option 1= Profit from option 1 - Profit from option 2

Let plug in the formula

Incremental Profit of option 2 over option 1= ($3,600*3)-(3*$1,100 - $800)

Incremental Profit of option 2 over option 1= $10,800 - $2,500

Incremental Profit of option 2 over option 1= $8,300

Therefore Elroy's incremental profit or loss would be if he chooses option 2 over option 1 would be $8,300

4 0

3 years ago

The total earnings of an employee for a payroll period is referred to as

lesantik [10]

Answer:

Net pay.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Net pay can be defined as the total amount of money earned by an employee for a payroll period. Thus, it is the earnings of an employee after all deductions, fees, or contributions have been subtracted from the gross pay and as such, it is the take home of an employee for a payroll period.

3 0

3 years ago

On January 22, Zentric Corporation issued for cash 342,000 shares of no-par common stock at $20. On February 14, Zentric issued

Iteru [2.4K]

Answer:

Journal Entries

January 22

Dr. Cash $6,840,000

Cr. Common stock $6,840,000

February 14

Dr. Cash $720,000

Cr. Preferred stock $720,000

August 30

Dr. Cash $2,635,000

Cr. Preferred stock $2,480,000

Cr. Paid in capital excess of par-Preferred stock $155,000

Explanation:

January 22

Common Stock = Numbers of shares issued x Issue price per share

Common Stock = 342,000 shares x $20

Common Stock = $6,840,000

February 14

Preferred stock = Numbers of preferred shares x Price per preferred share

Preferred stock = 9,000 shares x $80 per share

Preferred stock = $720,000

August 30

Cash Received = Numbers of shares x issuance price = 31,000 x $85 = $2,635,000

Cash Received = Numbers of shares x par value = 31,000 x $80 = $2,480,000

Paid in capital excess of par = $2,635,000 - $2,480,000 = $155,000

7 0

3 years ago

The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to

Ahat [919]

Question Completion:

Assume that Supplies were purchased during the year worth $13,000.

Record the adjusting entries.

Answer:

Adjusting Journal Entries on December 31, 2021:

Debit Interest Expense $4,000

Credit Interest payable $4,000

To record the accrued interest on the notes payable.

Debit Salaries Expense $3,000

Credit Salaries payable $3,000

To record the accrued salaries at year end.

Debit Supplies Expense $9,200

Credit Supplies $9,200

To record supplies expense for the year.

Explanation:

a) Data and Calculations:

Supplies purchased = $13,000

Supplies at year-end = 3,800

Supplies consumed = $9,200 ($13,000 - $3,800)

b) Adjusting entries are journal entries done at the end of a financial period to ensure that expenses and revenues are matched to the period they occur instead of when cash is exchanged. This accords with the accrual concept and the matching principle of accounting.

3 0

3 years ago

Please help its multi choice plz

faltersainse [42]

Answer:

the answer is minus depreciation

4 0

3 years ago