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ICE Princess25 [194]
3 years ago
7

What are commercial bank?

Business
2 answers:
Bogdan [553]3 years ago
6 0

Answer:

A commercial bank is a type of bankthat provides services such as accepting deposits, making business loans, and offering basic investment products that is operated as a business for profit.

pav-90 [236]3 years ago
6 0
Commercial bank:a bank that offers services to the general public and to companies.
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The Jones are a married couple and have always filed joint tax returns. On May 18, 2017, the couple was assessed with tax defici
Katena32 [7]

Answer:

c. May be able to avoid liability to the extent she had no reason to know of the deficiency (and did not have actual knowledge) when filing the return. The burden of proof will be on her.

Explanation:

The doctrine of <em>innocent spouse relief</em> might apply here. Mrs. Jones will have to prove that:

  1. the income that was omitted was earned by her husband, not her.
  2. she must prove that when she signed the tax filings, she was not aware of the omission.
  3. after examining all the facts surrounding the omission, the IRS must decide that blaming her would not be fair.

8 0
3 years ago
The Marchetti Soup Company entered into the following transactions during the month of June:
fiasKO [112]

Answer:

Explanation:

The journal entries are shown below:

1. Merchandise Inventory A/c Dr $200,000

             To Account payable A/c $200,000

(Being the inventory purchased is recorded)

2. Salaries Expense A/c Dr $51,000

                      To Cash A/c $51,000

(Being salaries expenses are paid for cash)

3. Cost of goods sold A/c Dr $142,000

               To Merchandise Inventory $142,000

(Being the merchandise is sold for cost)

Accounts receivable A/c Dr $255,000

                To Sales revenue A/c  $255,00

(Being the merchandise is sold on credit)

4.  Cash A/c Dr $235,000

        To Accounts receivable A/c $235,000

(Being the cash is collected)

5. Accounts payable A/c Dr 180,000

           To Cash A/c 180,000

(Being cash is paid)

3 0
3 years ago
Why do you think effective planning is necessary in achieving our objectives?
MakcuM [25]

Answer:

yes by planning we can be success and can get instructions oursrlves

8 0
3 years ago
9) Selected information regarding a company's most recent quarter follows (all data in thousands). 9) _______ Direct labor $540
disa [49]

Answer:

Direct material= $340

Explanation:

Giving the following information:

Direct labor $540

Beginning work in process inventory $330

Ending work in process inventory $420

Cost of goods manufactured $1620

Manufacturing overhead $830

T<u>o calculate the direct material used in production, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

1,620= 330 + DM + 540 + 830 - 420

Direct material= $340

6 0
3 years ago
In what ways can labor and management resolve disputes
saul85 [17]

Answer:

understand

Explanation:

by understanding each other and work inline with the business goal in order to achieve the business objective

5 0
3 years ago
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