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3 years ago

The costs incurred before opening a business

1 answer:

8 0

The expenditure incurred prior to the incorporation of an enterprise is to be considered as a pre-incorporation capital expenditure. The expenditure incurred prior to the 'setting-up of business' is to be considered as a pre-operative capital expenditure.

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Samantha just won a settlement with an insurance company, which entitles her to receive payments of $20,000 at the beginning of

AnnyKZ [126]

Answer:

$226,711.90

Explanation:

See attached file

4 0

3 years ago

Swifty Company has just received the August 31, 2020, bank statement, which is summarized below.

OverLord2011 [107]

Answer:

A. Correct cash balance $15,396

Correct cash balance $15,396

B. Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

Explanation:

A. Preparation of a bank reconciliation dated August 31, 2020

Bank reconciliation

Balance as per bank statement august 31, 2020 11,170

Add Cash on hand $428

Add Deposit in transit $5,248

Less: Outstanding checks ($1,450)

Correct cash balance $15,396

Balance as per books august 31, 2020 (13,879+48,335-48,208) $14,006

Add: note and interest collected $1,436

Less:Bank service charges ($28)

Less Understated for supplies ($18)

($165+$147)

Correct cash balance $15,396

B. Preparation of the adjusting entries.

Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

($1,436-$55)

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

($165+$147)

5 0

3 years ago

If a company strictly complies with existing laws, the firm will group of answer choices fulfill some business ethics obligation

jekas [21]

If a company strictly complies with existing laws, the firm will fulfill all business ethics obligations.

<h3>What is ethical obligation?</h3>

It should be noted that ethical obligation simply means re things that are expected by a company to do regarding ethics in the organization.

In this case, when a company strictly complies with existing laws, the firm will fulfill all business ethics obligations.

Learn more about ethics on:

brainly.com/question/13969108

#SPJ1

8 0

3 years ago

The career cluster that involves data and computers is___.

gogolik [260]

Answer:

the career cluster that involves data and computers is information technology.

7 0

3 years ago

Read 2 more answers

Key West To Go, located in Key West, Florida, builds and sells scooters. These are sold to several local shops in the area, who

beks73 [17]

Answer:

d. 42.90 hours

Explanation:

y = aQᵇ

y = average time to produce one more unit

a = the time it took to produce the first unit

Q = cumulative production

b = learning rate = [(log learning rate in %) / log 2] = -0.152003093

learning rate in % = 10.8 / 12 = 0.9 = 90%

cumulative quantity average hours per unit total hours

1 12 12

2 10.8 22.8

3 10.38 33.18

4 12 x 4⁻⁰°¹⁵²⁰⁰³⁰⁹³ = 9.72 42.90

3 0

4 years ago

The costs incurred before opening a business​

The costs incurred before opening a business