Answer:
B) II and III.
Explanation:
Based on the information given the statement that are TRUE are II and III
II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000
III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.
Answer:
$3,849.87
Explanation:
The change in balance is the net of the receipts and the payments.
The receipts include the receivables and the interest paid by the bank while the payments include the outgoing expenditure and bank charge.
Balance change
= $16,590 - $12,730 -$12.50 + $2.37
= $3,849.87
Answer:
C. adopt measures to fix wages and prices.
Explanation:
Between 1775 - 1783, the thirteen (13) colonies in Congress warred against the British because of its lack of colonial representation and the objection of the British to the direct taxation method introduced by the parliament. This war was known as the American revolutionary war or American war of independence.
Consequently, this war resulted in a deep economic crisis and inflation for the people of America.
To deal with this wartime economic crisis in 1779, Congress urged states to adopt measures to fix wages and prices such as refusal to issue continental dollars but resort to the issuing of tax adjustment notes, loan office certificates, warrants, quartermaster notes, etc.
Answer:
Correct option is (a)
Explanation:
Convenience is one the most important benefit offered by online shopping websites. Not every fashion store offers services round the clock. The biggest advantage of online shopping is that it is one stop destination to purchase all types of products. It offers anytime anywhere shopping experience with no extra efforts in terms of time and waiting in queues. Products are delivered to the customer's doorsteps.
Bailee works 60 hours a week and has no time for going out for shopping. She loves the convenience of shopping online as she can shop sitting at home even at midnight and the product is delivered to her within 24 hours.
Answer:
c. $8013.29
Explanation:
The retained earnings is the accumulated net earnings/losses over the period of existence of an entity. This is usually posted to the retained earnings accounted for as part of owners equity on the face of the balance sheet net the dividend paid.
The net income is the difference between the sales and all expenses including depreciation.
Let the depreciation be d
Net income = retained earnings + dividend
= $4221 + $469
= $4,690
$4,690 = 0.79 ($30,600 - $15,350 - $1,300 - d)
The 0.79 being the net of the tax which is the 21% applied on the net of sales and expenses.
d = $13,950 - $5,936.71
d = $8,013.29
