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Damm [24]
3 years ago
13

What is NOT true about a home filing system? It should be kept in a dry area with good air circulation. It is a place to keep al

l records including: tax documents, credit card statements, contracts, receipts, instruction manuals, warranties, etc. They require expensive equipment and aren't necessary until you own a home.
Business
1 answer:
Evgesh-ka [11]3 years ago
7 0

Answer:

<h2>The answer in this case,is the first option in the answer list or option or It should be kept in a dry area with good air circulation.</h2>

Explanation:

  • Home filing system is a thorough and intensive process of organizing and sorting of all the important documents,paperwork,forms such as tax papers, credit card statements,official documents etc. in the home in one articular place.
  • It basically involves categorization or classification of all the concerned documents and paperwork in home into proper and appropriate filing system.
  • One of the main objectives of the filing system in home is to identify and categorize each individual document according to separate files where each of the documents belong to so that they are not misplaced or disorganized.
  • Home filing system requires certain equipment such as files,paper folders,shredder,recycling bins,label marker or pens and so on.
You might be interested in
Sage Company had cash receipts from customers in 2020 of $137,920. Cash payments for operating expenses were $84,990. Sage has d
Triss [41]

Answer:

sales revenue for the period: $  143,900

operating expenses:               $   78,000

Explanation:

We solve for sales using the account recievable identity:

beginning account receivable + sales - collection = ending account receivable

12,330 + sales - 137,920 = 18,310

sales = 137,920 + 18,310 - 12,330 = 143,900

Then, for operating expenses, we have a prepaid expenses thus unexpired and therefore, not expenses under accrued accounting.

we solve like this:

beginning prepaid expenses    19,800

payment on expenses              84,990

total expenses payment          104,790

We now subtract the prepaid (unexpired) to get the amount accrued for the period:

104,790 - 26,790 = 78,000

4 0
3 years ago
​Electric, Inc. was incorporated on January​ 1, 2016. Electric issued 7 comma 000 shares of common stock and 1 comma 200 shares
marta [7]

Answer:

$48,000

Explanation:

The computation of the total amount paid to the preferred shareholder is shown below:

= Number of preferred stock shares × par value × dividend rate × number of years

= 1,200 shares × $100 × 10% × 4 years

= $48,000

Simply we multiplied with the number of preferred stock with the par value, its dividend rate and the time period so that the correct value can come

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
Hodgkiss Mfg., Inc., is currently operating at only 92 percent of fixed asset capacity. Current sales are $780,000. Fixed assets
EleoNora [17]

Answer:

$17,835.90

Explanation:

Currently Hodgkiss is operating at 92% of its fixed asset capacity, so they have an spare 8% to grow without adding any more fixed assets: ($780,000 / 92) x 100 = $847,826.09.

So they need to add fix assets in to increase its production by $32,173.91 (= $880,000 - $847,826.09).

Every dollar spent in fixed assets generates at full capacity $1.8039 in production output (= $847,826 / $470,000).

If they want to increase production by $32,174, they will need to spend $17,835.90 in fixed assets.

4 0
3 years ago
Some critics have charged that the new deal was antibusiness and anti–free enterprise. explain why you agree or disagree with th
podryga [215]
I believe that the answer to the question provided above is that charging <span>the new deal was antibusiness and anti–free enterprise was a right thing to do, to regulate the enterprise.</span>
Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.
8 0
3 years ago
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,400 units)
choli [55]

Answer:

The amount of inventory that would be reported on the absorption costing balance sheet is $70,905

Explanation:

In order to Calculate the amount of inventory under absorption Costing  to be reported on the balance sheet, we would have to use the following formula:

amount of inventory under absorption Costing = (Direct materials+Direct labor+Variable factory overhead+ Fixed factory overhead)/ (Production costs units)×units remain unsold

amount of inventory under absorption Costing =($761,300/20,400)×1,900

amount of inventory under absorption Costing = $70,905

The amount of inventory that would be reported on the absorption costing balance sheet is $70,905

6 0
3 years ago
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