1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Snowcat [4.5K]
3 years ago
14

Interest on cash balance is entry required or not

Business
1 answer:
ValentinkaMS [17]3 years ago
8 0

Answer: No

Explanation: Unless it is invested in short-term securities, there will be no interest income for cash in any financial statement.

You might be interested in
How do you feel about your pizza delivery person knowing your personal information. would you order pizza from this restaurant?
jolli1 [7]
A pizza delivery person HAS to know some info about you to get to your address and more. However, if you have a restraining order against a certain delivery person, you may inform the company before ordering.
5 0
3 years ago
If you buy a ticket to an outdoor concert but come down with a bad cold on the night of the show, the principle of ____ suggests
Marina86 [1]

Answer:

sunk cost

Explanation:

Sunk cost is cost that has already been incurred and it cannot be recovered. When making future decisions, sunk cost should not be considered.

The money i paid for the ticket is the sunk cost. I should not consider this cost when making the decision of whether to for the concert or not to

5 0
3 years ago
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Ivan
Alona [7]

Answer:

Requirement: Prepare the entry to record the sales transactions and related taxes.

1.   Date      Account Titles and Explanation     Debit     Credit

   Apr. 10   Cash                                                 $30,975

                        Sales Revenue                                          $29,500

                        Sales Tax Payable                                     $1,475

                 (To record Cash sales along with sales tax)

2. Date      Account Titles and Explanation    Debit     Credit

   Apr. 15   Cash                                                 $18,530

                        Sales Revenue                                          $17,000

                        Sales Tax Payable                                     $1,530

                  (To record Cash sales along with sales tax)

<u></u>

<u>Workings</u>

- Total Sales along with sales tax = $18,530, Sales Tax Rate = 9%. Sales Tax Amount = 18530*(0.09/1.09) = $1,530

- Sales Without Sales Tax = $18,530 - $1,530 = $17,000

7 0
3 years ago
the most common source of changes to a project based on the natural tendency of the client and project team members to improve t
nignag [31]

The maximum commonplace supply of adjustments to a venture primarily based on the natural tendency of the client and assignment crew members to improve the mission’s output is called Scope creep.

The definition of a purchaser method is a client or someone who makes use of services. An example of a purchaser is a pupil being tutored at a university writing middle. (Ancient) someone depending on every other, for protection or patronage. A terminal or non-public laptop that is connected to a server.

A purchaser is someone who buys services or products from a corporation, even as a client refers to a sure type of client who purchases professional services from an enterprise. typically speak me, customers purchase products at the same time as customers purchase recommendations and solutions.

Learn more about the client  here:

brainly.com/question/25822797

#SPJ4

6 0
2 years ago
Some goods can be produced at low cost only if they are produced in large quantities. this phenomenon is called
I am Lyosha [343]
I believe your answer is:

economies of scale
3 0
3 years ago
Other questions:
  • Polly Smith, a supervisor at Kroger's, was recently evaluated by her subordinates. Their responses indicated that Polly uses The
    7·1 answer
  • Write an essay about unemployment/retrenchment and globalisation
    8·1 answer
  • Hatch Corporation's target capital structure is 40% debt, 50% common stock, and 10% preferred stock. Information regarding the c
    9·1 answer
  • Why is this app so good
    9·2 answers
  • Susan started a cake decorating business that failed. She is convinced that she lacked the necessary funds to promote her busine
    12·1 answer
  • A person who owned a bakery figured out that cookies were selling better than brownies. So, she took the resources that she was
    14·1 answer
  • what would happen to the buying power of you investment after one year if your rate of return was 8% and the rate of inflation w
    9·1 answer
  • The Sawtooth Leather Company manufactures leather handbags and moccasins. For simplicity, the company has decided to use a singl
    10·1 answer
  • You have been offered a 10-year bond issued by Tiger Inc., at a price of $950.00. The bond has a coupon rate of 8% and pays the
    11·1 answer
  • Under perfect competition, any profit-maximizing producer faces a market price equal to its?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!