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Alexxx [7]
3 years ago
11

Schultz Tax Services, a tax preparation business had the following transactions during the month of June:

Business
1 answer:
Nastasia [14]3 years ago
8 0

Answer:

$29,280

Explanation:

It is important to consider only cash transactions when preparing a Cash Reconciliation.

<u>Schultz Tax Services Cash Reconciliation</u>

Cash, June 1                                                                $25,000

<u>Plus: cash receipts for June</u>

Receipts for Accounting Services        $3,000

Receipts from Accounts Receivables  $3,800           $6,800

<u>Minus: cash payments for June</u>

Advertising expense paid                       $800

Dividends paid                                       $1,500

Telephone expense paid                        $220          ($2,520)

Cash, June 30                                                             $29,280

Conclusion :

The balance of Cash at June 30 is $29,280

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ankoles [38]

Answer:

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B... A psychologist is someone who studies mental processes and human behaviour by observing, interpreting, and recording how people relate to one another and the environment.

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Explanation:

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8 0
3 years ago
Price discrimination is a rational strategy for a profit-maximizing monopolist when A. consumers are unable to be segmented into
creativ13 [48]

Price discrimination is a rational strategy for a profit-maximizing monopolist when there is no opportunity for arbitrage across market segments.

<u>Option: C</u>

<u>Explanation:</u>

Price disparity is a pricing strategy in which businesses charge different rates to each consumer for the same goods or services depending on how much the consumer is actually willing to pay. The consumer usually doesn't know that such actions are taking place. Thus this help monopolies to earn more profit which is drived during market arbitrage, which is basically to reap the benefits of a price gap as it is a simultaneous bartering of the same commodity in various markets. It comes about because of asymmetric knowledge among sellers and buyers.

7 0
4 years ago
Explain whether the following statements are true or false.
Nastasia [14]

Answer:

  1. FALSE
  2. TRUE
  3. FALSE
  4. TRUE
  5. FALSE

Explanation:

  • Usually, derivative transactions are being used to hedge transactions so that decreased risk and used to increase the high returns, so the following statement is FALSE.
  • This statement is TRUE as hedge funds have typically had a minimum offer of the sum above $1 million.
  • This statement is FALSE as we can see that Hedge Funds are mostly uncontrolled on the market, on the other side we might argue that mutual funds are highly regulated.
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6 0
3 years ago
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Semenov [28]

Answer:

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A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.

A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.

8 0
3 years ago
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kondaur [170]

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