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3 years ago

Which account would normally not require an adjusting entry?

1 answer:

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When adjusting journal entries, you generally will never need to create an adjusting journal entry for the cash account. Accountants debit cash throughout the month to record inflows of cash and credit the cash account to reflect money going out of the business.

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You purchased a bond at a price of $1,700. In 20 years when the bond matures, the bond will be worth $10,000. It is exactly 13 y

ryzh [129]

Answer:

Annual rate of return which will be earned from today is 5.89%

Explanation:

FV = PV (1+r)^n

r is int Rate per anum abd n is balance period

10000 = 6700 ( 1 + r)^n

10000 = 6700 ( 1 + r)^7

( 1 + r)^7 = 10000 / 6700

= 1.4925

1+r = 1.4925^(1/7)

= 1.0589

r = 1.0589- 1

= 0.0589 i.e 5.89%

8 0

3 years ago

A federal bank examiner came to a bank in Jacksonville. He audited the books and he checked out the staff and the office facilit

babymother [125]

Answer:

Eminent domain for the public good.

Explanation:

He charged the branch manager because he didn't see eminent domain for public use.

In eminent domain the government, the government the government has the power to take private property for public use.

The bank is a public place and as such are required to have a public domain that is members of the public or for civic use. Such a party is likely going to be for public use or it could be delegated to third parties.

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3 years ago

_____ helps us understand the different ways that children think differently from adults.

ASHA 777 [7]

Answer:

lets

Explanation:

that the messing

part

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2 years ago

Read 2 more answers

A manufacturer of food products is looking at entering several new markets in developing countries. Before it does this, the com

Lorico [155]

Answer:

Option D

Explanation:

In simple words, the problem depicted in the given scenario is an example of low knowledge of the target audience. In the given case, the company did everything correct with respect to their procedures, like they made a question are in the local language and distributed to the target audience and collected the survey efficiently.

However while doing the procedure, they were unaware of the fact that their target audience was not literate enough. Hence we can conclude that the correct answer is D.

4 0

3 years ago

Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and me

Vitek1552 [10]

Answer:

1. Computation of Budgeted amount of Merchandise Purchases

Particulars June July August

Ending Accounts Payable $130,000 $300,000 $120,000

Payments on account $1,500,000 $1,400,000 $1,400,000

$1,630,000 $1,700,000 $1,520,000

Beginning Accounts Payable $150,000 $130,000 $300,000

Purchases $1,480,000 $1,570,000 $1,220,000

2. Computation of Budgeted amount of Cost of Goods Sold

Particulars June July August

Beginning inventory $260,000 $500,000 $300,000

Purchases $1,480,000 $1,570,000 $1,220,000

Cost of goods AFS $1,740,000 $2,070,000 $1,520,000

Ending Inventory $500,000 $300,000 $330,000

Cost of goods sold $1,240,000 $1,770,000 $1,190,000

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3 years ago