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2 years ago

When the United States sends money to Japan to help earthquake survivors, in which account is this transaction recorded

Business

1 answer:

Sholpan [36]2 years ago

5 0

Answer:

When the United States sends money to Japan to help earthquake survivors, in which account is this transaction recorded? o credit item in that country's balance of payments.

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On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will no

Lostsunrise [7]

Answer:

The interest revenue that should be reported in the first year, for two months from November to December, on 31 December is $3600.

Explanation:

According to the accrual basis of accounting, the revenues and expenses for a particular period should be recorded in the period to which they relate to rather then when they are received or paid. This means that although the interest will be received on March 1 of the next year, the interest revenue on note receivable for a period of two months from November to December should be recorded in the first year because it has been earned in the first year and it relates to it.

Interest revenue - first year = 270000 * 0.08 * 2/12 = $3600

5 0

2 years ago

Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Pr

erik [133]

Answer:

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

Explanation:

Sales Budget shows a forecast of the future sales revenues expected by the Company.It is the first budget to be prepared from which all other companies budget are created.

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

Hint : Since there are no targets for beginning or closing inventories, then Sales are equal to production.

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

4 0

2 years ago

In the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economist

Citrus2011 [14]

The best explanation for the rise in economist salaries and the fall in accounting salaries would be (B) The supply of economists must have decreased, and the supply of accountants must have increased.

<h3>Why is this the best explanation?</h3>

When there is a decrease in the supply of a commodity, its prices will go up. The salaries of economists went up because the number of economists available, decreased.

When there is an increase in the supply of something, the price will decrease. This is why the accountants saw their salaries decrease - the number of accountants available increased.

In conclusion, option B is correct.

Find out more on demand and supply at brainly.com/question/4804206.

4 0

1 year ago

Which of the following actions has NO impact on your credit score?

cluponka [151]

Your credit score is affected when you use money or open credit cards so the answer would be A

8 0

2 years ago

On January 1, 2018, the Accounts Receivable and the Allowance for Doubtful Accounts balances of Kendall Company were $40,000 and

aivan3 [116]

Answer:

Bad Debt Expense = $652

Explanation:

Ending balance [Un-adjusted) = Beginning balance + Credit sales - Cash collected - Written off

Ending balance [Un-adjusted) = $40,000 + $80,000 - $78,200 - $500

Ending balance [Un-adjusted) = $41,300

Allowance For Doubtful Accounts = Beginning balance - Written off

Allowance For Doubtful Accounts = $1,500 - $500

Allowance For Doubtful Accounts = $1,000

Adjusted amount required = $41,300 × 4%

Adjusted amount required = $1,652 Credit

Un-adjusted balance available = $ 1000 Credit

Bad Debt Expense = Adjusted amount required - Un-adjusted balance available

Bad Debt Expense = $1,652 - $1,000

Bad Debt Expense = $652

7 0

2 years ago