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1 year ago

Should spreadsheets be used to maintain a checkbook?.

1 answer:

4 0

The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.

<h3>What are spreadsheets?</h3>

A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.

The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.

Therefore, the above statement is true.

Learn more about the spreadsheets, refer to:

brainly.com/question/26079895

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On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected

Artyom0805 [142]

Answer:

a. $29,000

b. $214,000

c. Yes

Explanation:

a. Annual Depreciation expense:

= (Cost - salvage value)/ Useful life

= (330,000 - 40,000) / 10,000

= $29,000

b. Net book value at end of 4th year:

= Cost - 4 year depreciation

= 330,000 - (4 * 29,000)

= $214,000

c. One test to see if equipment is not impaired is that the Expected Undiscounted cashflows need to be higher than the net book value. This is not the case here as the Net Book value of $214,000 is higher than the expected Undiscounted cash inflows of $185,000. Equipment is therefore impaired.

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2 years ago

Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl

stira [4]

Answer:

1. Apple Stocks Dr. $75,000

Deferred Donation Income Cr. $75,000

2. Apple Stocks Dr. $1,500

Gain on Apple Stocks Cr. $1,500

3. Cash Dr. $ 76,000

Gain/Loss on Apple stocks Dr.$1,500

Apple Stocks Cr.$76,500

Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

2. When value of stocks increase, asset stock of apple also increase by differential amount.

3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.

5 0

3 years ago

You have just purchased a car and, to fund the purchase, you borrowed $31,000. If your monthly payments are $493.25 for the next

Free_Kalibri [48]

Answer:

4.56%

Explanation:

The annual percentage rate refers to the rate at which the loan amount is equal to the present value of cash flows

In mathematically

Loan amount = Present value of cash flows

Loan amount = Monthly payment × PVAF (rate, number of years)

$31,000 = $493.25 × PVAF (rate, 72 months)

So,

PVAF (rate, 72 months) = 62.8485

And, the monthly rate is = 0.38%

So, the APR is

= Monthly rate × total number of months in a year

= 0.38% × 12

= 4.56%

The 72 months is

= 6 years × 12 months

= 72 months

7 0

2 years ago

At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubt

Ainat [17]

This is too confusing

6 0

2 years ago

HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Rainbow [258]

Answer:

True

Explanation:

The workplace refers to the place where an activity is carried out for the purpose of a monetary return. Each workplace is made up of different people, maintaining different dynamics. This way, every workplace is different. Even though it is standardized, the people who make up the place will give the workplace different dynamics, differentiating them.

8 0

3 years ago

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