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2 years ago

What is a living will?

Business

1 answer:

noname [10]2 years ago

4 0

Answer:

Explanation:

A living will is a written legal document that spells out medical treatment you would and would not want to be used to be keep you alive

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Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contain

dem82 [27]

Complete question:

Oriole Company has a balance in its Accounts Payable control account of $8,170 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,550; Janish Company, balance $1,580; and Valdez Company. During January, the following payable-related transactions occurred.

Purchases Payments Returns

Hale Company $6,529 $5,972 $ -0-

Janish Company 5,066 2,087 2,215

Valdez Company 6,647 6,790 -0-

What is the January 1 balance in the Freeze Company subsidiary account?

What is the January 31 balance in the control account?

Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze$

Which January transaction would not be recorded in a special journal?

Solution:

What is the January 1 balance in the Freeze Company subsidiary account?

8,170 - 2,550 - 1,580 = 4040

What is the January 31 balance in the control account?

8,170 + 6,529 + 5,066 + 6,647 - 5,972 - 2,087 - 6,790 - 2,215 = 1,995

Compute the balances in the subsidiary accounts at the end of the month.

Hale 2,550 + 6,529 - 5,972 = 3,107

Janish 1,580 + 5,066 - 2,087 - 2,215 = 2,344

Valdez 4040 + 6,647 - 6,790 = 3,897

Which January transaction would not be recorded in a special journal?

Returns Purchases Payments

The purchase return for Brown of $2,215

6 0

3 years ago

The 1974-1975 recession was a result of a: ANSWER Unselected supply shock that caused a leftward shift of the short-run aggregat

Ganezh [65]

Answer: supply shock that caused a leftward shift of the short-run aggregate supply curve

Explanation:

One of the main causes of the 1974 - 1975 recessions was the raising of oil prices and then the subsequent oil embargo on the United States by Arab members of the Organization of the Petroleum Exporting Countries(OPEC).

OPEC did not like the support that the United States was giving Israel and so placed an embargo on the U.S. such that the U.S. could no longer get much oil from the Middle East which she heavily relied upon.

This reduced the supply of oil drastically to the U.S. and resulted in a supply shock that shifted the short run aggregate supply curve to the left to reflect the fuel scarcity and the effect it had on the economy as production slowed down.

7 0

2 years ago

t the end of the year, the records of NCIS Corporation provided the following selected and incomplete data: Common stock ($10 pa

choli [55]

Answer:

1. Required tabulation is the Shares Authorized, the Shares Issued and the Shares Outstanding

Shares Authorized = 290,000 shares

Shares Issued

= Total Cash Collected / Price per share

= 2,170,000 / 14

= 155,000 shares

Shares Outstanding

= Shares Issued - Treasury stock

= 155,000 - 5,000

= 150,000 shares

2. Additional paid in capital account

= Gain (loss) above par

Par value is $10 and Stock was sold for $14

= (14 - 10 ) * 155,000

= $620,000

3. Earnings per share

= Net Income/ Shares outstanding

= 297,000/150,000

= $1.98

4 0

3 years ago

Williamson Industries has $6 billion in sales and $1.1 billion in fixed assets. Currently, the company's fixed assets are operat

erma4kov [3.2K]

Answer:

$6,666,666.67

Explanation:

The computation of the level of sales operating at full capacity is as follows

= Sales ÷ Operating capacity percentage

where,

Sales is $6,000,000

And, the operating capacity percentage is 90%

Now placing these values to the above formula

So, the level of sales operating at full capacity is

= $6,000,000 ÷ 90%

= $6,666,666.67

Hence, the level of sales is $6,666,666.67

7 0

3 years ago

Which accounting principle states that a company should "record revenues when they provide goods and services to customers"?

3241004551 [841]

Answer:

Revenue recognition

Explanation:

Correct word for the given statement is Revenue recognition

Revenue recognition is a proper accounting rule (GAAP) that distinguishes the particular conditions wherein income is perceived and decides how to represent it. Normally, income is perceived when a basic occasion has happened, and the dollar sum is effectively quantifiable to the organization.

6 0

2 years ago