Writing skills do not shape how others perceive your abilities as a student or employee

In the simulation, explain how the original order results in one $22 fee, while the Wells Fargo reordering results in four $22 f

aksik [14]

Answer:

In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22.

In a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make customer to have the amount of $88 as overdraft.

Explanation:

In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22 because based on the information given we were told that the customer original order resulted in one $22 fee which means that 1 multiply by $22 fee will give us $22 (1*22) which is the amount owe by the customer.

Secondly in a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make the customer to have the amount of $88 as overdraft reason been that we were been told that the reordering resulted in four $22 fee which means that four multiply by $22 fee will give us $88 (4*22).

4 0

3 years ago

Sally and Alicia are equal general partners In a business. They are content with their current management and tax situation but

AlladinOne [14]

Answer: Limited liability company

Explanation: It refers to a hybrid structure for firms which have the characteristics of both company and partnership. The limited liability characteristics is a feature of a company while the tax treatment is done as similar to a partnership.

In the given case, Sally and Alicia are equal general partners and wants to change their unlimited liability structure.

Hence from the above we can conclude that the correct option for them is limited liability company.

4 0

3 years ago

The supplies account has a trial balance of $3,226. a year-end inventory shows $1,752 worth of supplies left at the end of the y

Finger [1]

4,000 is the answer hope this helps

3 0

4 years ago

Google provides a 1 year warranty on its cell phones. At the end of 2019 Google estimates they will spend $2m in 2020 to repair/

DochEvi [55]

Answer:

DR Warranty Payable $1.9m; CR Cash $1.9m.

Explanation:

When a company creates a payable it is obligated to pay a certain amount within a particular period.

In this case Google provides a 1 year warranty on its cell phones, so any claims that will attract repair or replacement is a payable obligation.

In the year 2019 they actually paid $1.9 million for repairs and replacements.

So the journal entry to be passed is DR Warranty Payable $1.9m; CR Cash $1.9m.

8 0

3 years ago

xyz's corporation has an investment in 20,000 shares of wallace company common stock with a cost of $872,000. these shares are u

Flura [38]

Answer:

XYZ's Corporation

The net effect of this property dividend on retained earnings is a reduction of:

= $388,000.

Explanation:

a) Data and Calculations:

Cost of investment in Wallace Company = $872,000

Property dividend declaration date = May 25

Property dividend distribution date = July 31

Property dividend date of record = June 15

Fair value per share of Wallace shares:

May 25 = $63

June 15 = $66

July 31 = $68

Amount of property dividend declared = $1,260,000 ($63 * 20,000)

Analysis of entries:

May 25:

Property dividend $872,000 Loss on Distribution $388,000 Property Dividend Payable $1,260,000

July 31:

Property Dividend Payable $1,260,000 Cash $1,260,000

5 0

3 years ago