Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information:

One of the benefits of a savings account is that it allows your money to grow but there is a high risk associated with it.

MrRa [10]

Answer:

There is low interest rate. There is minimum balance requirement problem. There is federal withdrawal limit.

Explanation:

4 0

3 years ago

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

Leno4ka [110]

Answer: The loss of enjoyment people incur when scenic land is converted to commercial use.

The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

The leisure time enjoyed by Americans Funds spent by state governments to build highways

Explanation:

The gross domestic product is the value in terms of money of all the goods and services that are produced in a particular country at a certain period of time.

Over time, people have often criticised the use of GDP as a good measurement of the output of a nation that it does not include every transactions and production for that nation. In this scenario, the following cases are either not accurately accounted for or are measured inaccurately.

1. The loss of enjoyment people incur when scenic land is converted to commercial use.

2. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

3. The leisure time enjoyed by Americans Funds spent by state governments to build highways.

In the above cases, the monetary value of these activities aren't reflected on the GDP calculation.

6 0

3 years ago

Lauhl Corporation provides janitorial services to several office buildings. During April, Lauhl engaged in the following transac

NISA [10]

Answer:

Cash-basis accounting $15,600

Accrual-basis Accounting $7,750

Explanation:

A. Calculation to determine the amount of net income that Lauhl should recognize in April under cash-basis accounting

Cash-basis accounting

=$24,000 -$5000-$3,400

Cash-basis accounting =$15,600

Therefore the amount of net income that Lauhl should recognize in April under cash-basis accounting is $15,600

B. Calculation to determine the amount of net income that Lauhl should recognize in April under the accrual-basis Accounting

Accrual-basis Accounting=($24,000/6) -$1300 + $2500 - $3,400 - $850

Accrual-basis Accounting=$4,000-$1,300+$2,500+$3,400-$850

Accrual-basis Accounting=$7,750

Therefore the amount of net income that Lauhl should recognize in April under the accrual-basis Accounting is $7,750

6 0

3 years ago

In comparing money to a share of microsoft stock held by an individual, we can say:_______.

Anastaziya [24]

In comparing money to a share of Microsoft stock held by an individual, we can say, only the money is a means of payment, but both are stores of value.

In order to serve as a medium of exchange, money is very widely accepted as a method of payment. When comparing money to a share of Microsoft stock which is held by an individual, it can be said that money is a means of payment, but here the stock and money both are stores of value.

As a store of value, money is not unique as there are many other stores of value exist, such as stocks, land, works of art etc. Money may not even be the best store of value because it depreciates with inflation.

Hence, money is a means of payment, but together with money, stocks can also be stores of value.

To learn more about stocks here:

brainly.com/question/12737015

#SPJ4

7 0

2 years ago

Internal control procedures for cash receipts do not require that:_____.

Alex73 [517]

Answer:

b. All collections for sales are received immediately upon making the sales.

Explanation:

Internal control, regarded as a process used in assuring objective of an organization in operational effectiveness as well as efficiency and reliable financial reporting, it is also used in assuring of compliance with laws as well as regulations and policies. Generally, internal control can be described as everything which is able to controls risks to an organization. It is a way the

resources of an organization are been

measured as well as been directed and monitored.

It should be noted that Internal control procedures for cash receipts require that:.

✓Custody over cash is kept separate from its recordkeeping.

✓Clerks having access to cash in a cash register should not have access to the register tape or file.

✓An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.

✓Cash sales should be recorded on a cash register at the time of each sale

7 0

3 years ago