All categories

2 years ago

Who is the Father of accounting

Business

1 answer:

vovangra [49]2 years ago

5 0

Answer:

Luca Pacioli

Luca Pacioli, was a Franciscan friar born in Borgo San Sepolcro in what is now Northern Italy in 1446 or 1447.

You might be interested in

Boeing has often cut its prices drastically to try to maintain its 60 percent of sales of commercial aircraft as it competes wit

bija089 [108]

A market share objective is the reason they encountered losses. Market share often pursues by companies when industry sales are relatively flat or declining. Although increased market share is a primary goal of some firms, others see it as a means to other ends: increasing sales and profits.

5 0

3 years ago

1. Over the past year, a customer has surrendered, in whole or in part, three life insurance policies. If part of a money launde

Thepotemich [5.8K]

Answer:

It represents the Integration stage

Explanation:

Money laundering is an illegal chain of activities done by individuals or corporate bodies to change the status of money gotten through a criminal activity into legitimate money. This chain of activities starts with the Placement stage then transforms into the Layering stage, then ends when it is already integrated into the legitimate financial system through the Integration stage.

After the money launderer conceals the illegal money through bank deposits or purchasing a life insurance policy at the Placement stage, the launderer then proceeds to further break the money into smaller amounts to evade suspicion by numerous transactions and bank deposits at the Layering stage, which is then ended by partial or whole surrenders of life insurance policies to make it now legitimate money.

3 0

2 years ago

Colombo Enterprises has a defined benefit pension plan. At the end of the reporting year, the following data were available: beg

nordsb [41]

Answer:

The correct answer is $12,400.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the pension expense by using following formula:

Pension expense = Interest cost + Service cost - Expected return on plan assets.

Where, Interest cost = $6,400

service cost = $17,000

Expected return on plan assets = $11,000

So, by putting the value, we get

Pension expense = $6,400 + $17,000 - $11,000 = $12,400

Hence, Journal entry for the following are as follows:

Pension Expense A/c Dr. $12,400

To Cash $12,400

8 0

3 years ago

Which of the following tells you how much your credit card interest will be if you only pay the minimum balance each month?A) La

kati45 [8]

Answer:

D) Annual Percentage Rate

Explanation:

The APR is often expressed as the percentage (%). The annual percentage rate (APR) is an attempt to calculate the principal debt you pay during the period (in this year) by taking into account every installment, prepayment, and so on. Annual Interest Rate (APR) is an annual rate for borrowing or investing. APR is expressed as a percentage of the actual annual value of the loan over the term of the loan. This includes any transaction fees or overhead, but is not taken into account significantly. Because loans or loan agreements can vary in terms of interest rates, operating fees, late penalties and other factors, a standard computation such as APR provides borrowers with a bottom line that they can easily compare with interest rates charged by other lenders.

Late fees, also known as overdue fines, late fines, or overdue fees, are charges that a company or organization has not paid a debt on time or has leased or repaid a loan. Late payments are usually calculated on a per-item basis.

Annual Membership Fee means an annual membership fee or similar payment in connection with a Credit Card Agreement. Annual payments are one of the most common of all credit card fees. It is your provider's right to automatically charge your account once a year for the benefits that come with this credit card.

The balance transfer fee is a charge which charged when you transfer a credit card debt from one card to another. Balance transfer fees are common for credit cards offering low entry interest rates. Consumers considering a balance transfer should calculate the total cost of the current debt over time, without accepting a proposal and paying it off.

4 0

2 years ago

Can a manager yell at employees in front of customers answers

Setler [38]

Can you yell at your kids infront of other people. The answer is yes :)

5 0

3 years ago