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torisob [31]
3 years ago
7

When a company recognizes a cash revenue event that is subject to state sales tax, the balance in the Cash account increases by

______ the amount of revenue.
Business
1 answer:
pshichka [43]3 years ago
8 0

Answer: more than

Explanation:

Since their is a tax rate , it will get added on to the cash which would make it MORE THAN the actual amount

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A company received a bank statement showing a balance of $78,000. Reconciling items included outstanding checks of $2,400 and a
Kisachek [45]

Answer:

Adjusted Bank Balance = $85,000

Explanation:

Adjustment of bank balance is a bank reconciliation procedure, that is used to match the amount in the bank statement with the amount in the company's balance sheet.

To adjust the bank balance, particulars that need to be subtracted or added to the bank statement balance has to be identified and treated accordingly.

For this example, the adjusted balance is calculated thus:

Adjusted bank balance = (Bank statement balance) - (outstanding checks) +(deposit in transit)

Adjusted Bank Balance = 78,000 - 2,400 + 9,400 = $85,000

Note:

outstanding checks are subtracted because they are payments to be made made by the company, representing a liability to the company (payer)

deposit in transit is an income to the company that has not been credited yet, but that will be credited.

3 0
3 years ago
Suppose that the united states and canada each produce only two products, televisions and food. The united states can produce 10
Alex

Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.

Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).

Opportunity cost of food is,

Unites states = \frac{100}{150} = 0.66

Canada = \frac{300}{330} = 0.90

Opportunity cost of television is,

Unites states = \frac{150}{100} = 1.5

Canada = \frac{330}{300} = 1.1

Since, opportunity cost of food is lower in the United states, United states will export food.

Opportunity cost of television is lower in Canada, Canada will export television to the United States.

6 0
3 years ago
Why does a country need good constitution ​
Sergeu [11.5K]

Answer:

<em>The Constitution contains the most important rules of our political system. It protects the rights of the people inside the country, and it explains their obligations. </em>

hope it helps u

and ur welcm

:)

8 0
3 years ago
When there is a shortage, rationing is a method of distributing goods by using prices.
Cerrena [4.2K]
True, rationing is the selling of scarce goods or services in events such as war. Items are distributed in fairness to each citizen and they have to take a ration book to say what they have or haven't had and how much of it they have had.
6 0
3 years ago
Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spen
lutik1710 [3]

Answer:

$50? ($150 is not the correct answer)

Explanation:

7 0
3 years ago
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