Answer:
most circumstances
Explanation:
The priority in the interests those that have companies to present them first or those that have perfected it. This is due to giving it greater agility on the side of presenting it first and having the interests very explicit as soon as possible and on the other hand when they have been perfected giving greater integrity to the interest presented by the company.
Sales journals use to record company transactions.
The sales journal sometimes referred to as the credit sales journal, is used to file all income made on account. The sales magazine for the Fortune save is shown underneath. all of the income on account for June are proven in this journal; cash sales are recorded in the coins receipts journal.
A sales journal is a subsidiary ledger used to shop specified sales transactions. Its primary motive is to eliminate a supply of excessive-quantity transactions from the overall ledger, thereby streamlining the general ledger.
The sales journal (additionally referred to as income book and income day e-book) is a special journal that is used to record all credit sales. every transaction that is entered in sales magazine basically outcomes in a debit to accounts receivable account and a credit to an income account.
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Answer:
The correct answer is option 4.
Explanation:
The banks do not hold any excess reserves.
The required reserve ratio is 20%.
Sarah deposits $5,000 in cash in her checking account.
The banks reserves will increase by
= $5,000 - 20% of $5,000
= $5,000 - $1,000
= $4,000
This will cause the money supply to increase by
=
=
= $20,000
Answer:
c. None of these
Explanation:
According to the scenario, computation of the given data are as follows,
Company Beta = 1.7
Risk free rate = 5%
Average market return = 16%
Marginal tax rate = 30%
So, we can calculate the after tax cost of equity by using following formula,
Cost of equity = Risk free Rate + company beta × Average market return
Cost of equity = 5% + (1.7 × 16%)
= 5% + 27.2%
= 32.2%
Answer:
The correct answer is Debit Cash and Credit Noted Payable
Explanation:
The journal entry for borrowing the cash is as follows:
Cash A/c.......................Dr $7,500
Notes Payable A/c.......Cr $7,500
As Jarrett company borrowed the amount of $7,500, so cash is increasing and any increase in asset account will be debited. Therefore, the cash account is debited. Whereas he signed a notes payable against the cash so notes payable account is credited.