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Nookie1986 [14]
3 years ago
13

Clearing House Interbank Payment System (CHIPS) is an organization that provides secure communication for contracts, invoices, a

nd other trade documents that normally accompany cash payments. false
Business
1 answer:
lakkis [162]3 years ago
3 0

Answer:

the spleen

Explanation:

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A company exchanged land for equipment and $2,300 in cash. The book value and the fair value of the land were $105,400 and $89,7
Alika [10]

Answer:

c.$87,400 $(15,700)

Explanation:

Equipment ($89,700- $2,300) $87,400

Cash $2,300

Loss ($105,400 – $89,700) $15,700

Land (book value)105,400

Therefore Assuming that the exchange has commercial substance, the company would record equipment and a gain/(loss) of $87,400 $(15,700)

8 0
3 years ago
We have received your tax return and it is being processed. what does this mean
Fed [463]
A form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax.

Ah so ^-^

3 0
3 years ago
Will the business be legal and not against any existing or foreseeable government regulation
bagirrra123 [75]

Answer:

A business will only be legal and not against any existing or foreseeable government regulation if there are documents proving that the business is legally registered, with the type of business and other details fully disclosed by the promoters during the formation and documentation stages.

Explanation:

The main document for incorporating a company in the United States is the Articles of Incorporation.  The document specifies  the primary purpose of the business, its location ( and state of incorporation), and the shareholdings.

7 0
3 years ago
A company is trying to decide whether to keep or drop the organic foods department in its grocery store. If organic foods are dr
vladimir2022 [97]

Answer:

Here is the questions with options

A company is trying to decide whether to keep or drop the organic foods department in its grocery store. If organic foods are dropped, the manager will be laid off. What is the manager's salary in relation to the decision to keep or drop the department?

A. A variable cost and therefore relevant  

B. Avoidable and therefore incremental  

C. Sunk and therefore not relevant  

D. A fixed cost and therefore not relevant

The answer is B. Avoidable and therefore incremental

Explanation:

An avoidable cost are cost that can be eliminated when a particular activity is no longer performed.  They are variable cost that can be eliminated from the business operation by not  producing a particular goods.

On the other hand, an incremental cost is the difference in total costs as the result of a change in some activity.

If the company decides to dropped the organic department, the payment made  to the manager is automatically eliminated, Thus making such cost become an avoidable cost,  because it can be eliminated.  

Hence the best answer is B. Avoidable and therefore incremental

8 0
4 years ago
The standard hours allowed is ________. the direct labor-hours that should have been used to complete the planned output for the
Ket [755]

Answer:

B. the direct labor-hours that should have been used to complete the actual output for the period.

Explanation:

Standard hours is the amount of time or hours of labour time taken to complete the period's actual output. It is the time that should have been taken to complete the period's actual output.

It is usually calculated by multiplying standard hours allowed per unit by actual output for the period.

7 0
3 years ago
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