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Ilya [14]
3 years ago
8

52. With respect to the bank reconciliation which is correct?

Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer:

C. Subtract NSF checks from the company's balance.

Explanation:

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On January 1, 2024, Ott Co. sold goods to Flynn Company. Flynn signed a zero-interest-bearing note requiring payment of $160,000
Sindrei [870]

Answer:$856,838.40

Explanation:

The sales revenue will should be the present value of paying $160,000 annually for 7 years. This is an Annuity but one that is paid at the beginning of a period making it an Annuity due.

Present Value of Annuity Due = Payment * (Present value of Annuity Interest factor, rate, period) * ( 1 + rate)

Present Value of Annuity Due = Payment * (Present value of Annuity Interest factor, 10%, 7) * ( 1 + 10%)

= 160,000 * 4.8684 * 1.1

= $856,838.40

7 0
3 years ago
Click this link to learn about a career as a Multimedia Artist. What are some common tasks? Check all that apply.
vfiekz [6]

Answer:

3,4,5

Explanation:

Just did it on edge

7 0
3 years ago
Read 2 more answers
On April 2, 2018, Montana Mining Co. pays $3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machiner
Illusion [34]

Answer:

Dep expense 428,796

    Acc Depp Machine 23,268

    Acc dep deposit 405,528

Explanation:

213,5000 machine used in the ore deposit, so it will depreciate at the same rate.

3,721,000 ore deposit

166,200/1,525,000 = 0.108983606

213,500 x 0.108983606 = 23,268

3,721,000 x 0.108983606 = 405,528

8 0
3 years ago
?a commercial is marketing a new type of detergent that has been proven to erase over 80% of all stains without needing any addi
padilas [110]
T<span>he advertisement is using the scientific approach. In this approach, the product is introduced to the consumers as either effective or reliable through the provision of scientific evidence. It would be using quantitative data to persuade the consumers of the effectivity of the product. Just like in this example, the company were able to test their product proving that 80% of the stains would be erased without adding any additional additives. In </span>these advertisements<span>, the product is claimed to be effective through several successful experiments. Another example of this advertisement is a commercial where the company will be conducting a live experiment. They will be comparing two products and test which of the two is effective.</span>
6 0
3 years ago
Ken, a C.P.A., charges an annual fee to all of his clients for his services. Ken's services sometimes include investment advice
blondinia [14]

Answer:

C) When he begins advertising the availability of the investment advisory services.

Explanation:

The Investment Advisor Act of 1940 states that an individual is subject to regulation as an investment advisor if the individual gives investment advice and advertises himself/herself as offering such investment advisor services.

In this case, the moment Ken begins advertising his advisor service, he is subject to regulation under the Investment Advisor Act of 1940.

7 0
3 years ago
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