The ending retained earnigns balacne is reported on both the retaiend earnigns stastaemnt and the balacne sheet.

EFT a.means effective funds transfer b.makes it easier to document purchase and sale transactions c.can process certain cash tra

andreyandreev [35.5K]

Answer:

b. makes it easier to document purchase and sale transactions

Explanation:

EFT means Electronic Funds Transfer and it is when money is moved using computer systems between accounts that can be from one or more banks. EFT includes transactions like direct payments, deposits, transfers on ATMs, bill payments using online banking, among others. According to this, the answer is that EFT makes it easier to document purchase and sale transactions because these transactions are made electronically and you always have evidence of the actions made like deposits and transfers and it makes it possible to monitor the purchases and sales made.

The other options are not right because EFT means Electronic Funds Transfer and it doesn't involve cash transactions.

4 0

3 years ago

Sam was born in 1963. what is the earliest age that sam can retire to receive full social security benefits

Yakvenalex [24]

If Sam was born in 1963, so the earliest age that Sam can retire to receive full Social Security benefits was 67. Employee benefits are used to provide security for employees. The benefits portion of a compensation package most likely plays an important role in: attracting and retaining employees.

6 0

4 years ago

What are four causes of loss in job satisfaction

Andru [333]

Not listening to people
not paying attention
being late
no doing as instructed

8 0

3 years ago

Read 2 more answers

At a price of $15 each, marta buys 4 books per month. when the price increases to $20, marta buys 3 books per month. luz says th

saveliy_v [14]

No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed <span>the same. It is true that </span>As a price for a product increases, the demand for that product will be most likely to decrease because consumers have to make more sacrifice without any additional income.
But, if you pay attention to the case above, you can see the total value of demand that marta has is still the same, which is $ 60

6 0

3 years ago

On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $51,000. The cab has an expected salvage value of $12,0

Lemur [1.5K]

Answer:

The amount of depreciation expense reported on the Year 2 is $12,285 and the book value of the taxi at the end of Year 2 is $27,015

Explanation:

In order to calculate the amount of depreciation expense reported on the Year 2 income statement and the book value of the taxi at the end of Year 2, respectively we would have to make the following calculations:

Particulars Amount

Cost of taxi $51,000.00

Salvage Value $12,000.00

Life in miles 200,000.00

Depreciation per mile = ($51,000.00 - $12,000.00 )/200,000=0.195

Depreciation for Year 1 = 60,000 * 0.195=11,700.00

Depreciation for Year 2 = 63,000 * 0.195=12,285.00

book value of the taxi, respectively, at the end of Year 2 = 51,000 - 11,700 - 12,285=27,015.00

The amount of depreciation expense reported on the Year 2 is $12,285 and the book value of the taxi at the end of Year 2 is $27,015

4 0

3 years ago