Answer:
Both single column cash book and double column cash book are similar because they both record cash payments
Explanation:
A cash book is a book or journal used to record all business transactions within a particular period like receipts, disbursements, bank deposits and bank withdrawals. They are different cash books namely: single column cash book, double column cash book and triple column cash book.
A single column cash book is used to record payments in form of cash while a double column cash book records both cash payments as well as bank transactions.
Both single column cash book and double column cash book are similar because they both record cash payments
Answer:
The change in the revenue is $100,000
Explanation:
The quantity when the price is $1.50 is 60,000(1.50)-10,000=80,000. The revenue when the price for the price of $1.50 is 1.50*80,000 = 120,0000.
Now for the new price of $2.00, the quantity is 60,000(2)-10,000=110,000, and the revenue is 2*110,000=220.000.
With the revenues from when the price is $1.50 and $2.00, the change is the diference $220,000-$120,000=$100,000.
When the price increases from $1.50 to $2.00 the revenue increases $100.000
Answer:
The following are the order in which the steps are taken in regards to the Compliance Program from the US Sentencing Commission Guidelines:
7. Establish standards and procedures.
1. Encourage employees to report violations.
6. Delegate decision-making authority only to ethical employees.
3. Improve program after violations.
2. Enforce standards consistently and fairly.
5. Train employees on standards and procedures.
4. Assign upper-level managers to be in charge.
Explanation:
Answer:
1. Debit Cash account $1,900
Credit Accounts receivable $1,800
Credit Interest Income $100
2. Debit Accounts receivable $330
Debit Bank charge $50
Credit Cash account $380
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items. These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
Considering the transactions that are the reconciling items in the question, the transactions that will;
Increase cash are a customer's note receivable collected by the bank $(1,800), and interest earned $(100)
Decrease cash balance are bank service fees ($50), and an NSF check from a customer ($330)
Answer:
A capital lease is entered into with the initial lease payment due upon the <u><em>signing of the lease agreement.</em></u> The annuity begins with a payment
Explanation:
An annuity-due represnet an annuity were payment or deposits are perform at the beginning of the period.
B no. It doesn't start with a payment.
C no, there is no payment at issuance.
D same as C only the rates changes but this, do not change the essence of the annuity it is still a common annuity not annuity-due
