The statement that check clearing for the 21st century will let auditors obtain copies of paper checks during fraud investigation is False.
The Check Clearing for the 21st Century Act removes some of the legal barriers to check truncation in order to promote innovation in the payments system and increase its effectiveness. By introducing a new negotiable instrument known as a substitute check, the law makes it easier for banks to truncate original checks, process checks data electronically, and distribute substitute checks to institutions that still want to receive paper checks.
A substitute check has all the information found on the original check and is the same thing legally as the original check. The law does not force banks to issue substitute checks using the new authority given by the Act or to accept checks in electronic form. The audit team will only be able to collect electronic copies of checks because paper ones are typically destroyed.
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when an issue necessary to the development of the value opinion is uncertain as of the effective date of the assignment results of the appraiser will use:
The assignment results of the appraiser will use Extraordinary assumption. An extraordinary assumption is an assumption which if found to be false could alter the resulting opinion or conclusion.
What Extraordinary assumption ?A statement or condition that is presumed or assumed to be true and from which a conclusion can be drawn is referred to as an assumption.
An extraordinary assumption is one that, if proven false, could change the resulting opinion or conclusion. A hypothetical condition is a false assumption made for the purpose of discussion, analysis, or the formulation of opinions.
The distinction between the two lies in the assumption's potential veracity. A hypothetical condition is one that is known to be contrary to fact, whereas an extraordinary assumption is one that is simply unknown or uncertain.
The results of any hypothetical condition analysis are known to be unrepresentative of reality because the assumptions upon which they are based are false. The results of an analysis based on extraordinary assumptions may be inaccurate to the extent of the uncertainty underlying the assumptions upon which the analysis or opinions are based.
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suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline supplied in the united states is 10 million barrels per day. also suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline supplied is 8 million barrels per day. based on these numbers and using the simple formula, the percentage change in price is:
The percentage change in price is 14.28%. (New Price - Old Price) / Old Price x 100 is the equation to calculate percentage change. If the stock price increased, the percentage change would be positive; if it decreased, it would be negative.
What is a price change?The difference between an asset, security, or commodity's initial and final values throughout a specific trading period is referred to as the price change in finance. When the initial value is less than the final value, the change is referred to as positive, and when the final value is less than the original value, it is referred to as negative.
Given,
Old Price = $3.5 per gallon
New Price is $3 per gallon
Required to % change in price =?
% change in price = Old Price - New Price x 100/ Old price
% change in price = 3.5 - 3 x 100/ 100 =14.28%
Thus, the percentage change in price is 14.28% after the new is $3 per gallon.
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for the year ending december 31, beard clinical supplies co. mistakenly omitted adjusting entries for (1) $7,590 of unearned revenue that was earned, (2) earned revenue that was not billed of $11,990, and (3) accrued wages of $5,450. indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income.
Unearned revenue is the money a company receives from a client or customer but has not yet received the services required to earn it. It is seen as a duty that the corporate entity is required to fulfill.
What exactly is unearned income?
Unearned revenue is money received by a person or business for a good or service that hasn't yet been rendered or supplied. It indicates a debt owing to the client and is listed as a liability on a company's balance sheet.
What exactly is unearned income and when does it happen?
When a business sells a product or service before the client receives it, unearned revenue results. Customers who pay in advance for goods or services frequently enjoy discounts.
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which legislation required anyone importing, manufacturing, selling, or dispensing cocaine to register with the treasury department and pay a special tax?
The legislation required anyone importing, manufacturing, selling, or dispensing cocaine to register with the treasury department and pay a special tax The Harrison Act.
What is The Harrison Act?The Harrison Act was a U.S. federal law that regulated and taxed the production, importation, and sale of narcotics and coca products. The Harrison Act was proposed by Rep. Francis Burton Harrison of New York and passed on December 17, 1914. Import, manufacture, mix, trade, prepare, sell, distribute or transfer, or otherwise use opium or coca leaves, salts, derivatives, or preparations thereof; It did not prescribe narcotics, but The Harrison Act was able to prescribe treatment for addiction. Coca Leaf Trade Restrictions Act.Although the distribution and use of cocaine were technically illegal, the distribution, sale, and use of cocaine remained legal for registered businesses and individuals.The Harrison Anti-Narcotic legislation was made up of three U.S. House laws that placed limitations on the availability and usage of opium-based substances.The Opium and Coca Leaves Trade Restrictions Act, also known as House Bills H.R. 1966 and H.R. 1967, was passed along with House Bill H.R. 6282.Cocaine distribution, sale, and use were nonetheless lawful for registered businesses and individuals even if it was officially forbidden for those purposes.To learn more about The Harrison Act from the given link :
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In order for the people to take a fresh look at its brand, the american red cross used a ________ strategy.
Brand revitalization strategy.
The unique impact that brand awareness has on how customers react to goods and services. The degree to which consumers are willing to pay more for the brand is a measure of brand equity. A valuable asset are brands with high brand equity.
Which assertion about brand loyalty is accurate?Consumers' unshakable attachment to a brand, demonstrated by their repeated purchases, is referred to as brand loyalty.The unique impact that brand awareness has on how customers react to goods and services. Brand equity is measured by the level of. A valuable asset are brands with high brand equity.Strong brand identity, brand image, brand culture, and brand personality are necessary for a strong brand. The development of all four of these elements as part of an effective brand strategy boosts brand awareness, loyalty, and trust.Brand socializing is a metric used to assess how well a business interacted with its many online stakeholders in a fruitful informational exchange.To learn more about Brand loyalty refer to:
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which type of marketing channel includes a retailer or other intermediaries in the delivery of goods and services to consumers? multiple choice question. single-stage online direct indirect
The type of marketing channel that includes a retailer or other intermediaries in the delivery of goods and services to consumers is: Indirect.
What is the indirect channel method?The indirect method of distribution often involves the intermediaries who are put in place to ensure that the goods reach the final consumers.
This indirect channel of distribution is important because it releases the manufacturer from the load of promoting the goods to ensure that they get to the final consumer. This is taken over by third parties who now do the job.
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discuss the major barriers to entry inro an industry. explain how each barrier can foster either monoploy or oligopoly. which barriers, if any, do you feel give rise to monopoly that is socially justifiable
The major barriers to enter into industry are explained below descriptively
1) Economies of scale – Due to cost advantages brought on by economies of scale, the market may not always permit the operation of more than one enterprise. This can result in monopoly.
2) High fixed costs – Since the majority of manufacturing requires certain fixed costs, a new company may not have them.
3) Patents: When a company has patent rights for a certain sort of goods, monopoly is unavoidably the result.
4) Ownership of specific inputs is necessary since output requires input. However, occasionally, a single company is the exclusive owner of the input needed to make the output. Additionally, a market monopoly may result from this.
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nordic industries uses a periodic inventory system. during its first month of operations, nordic industries purchased inventory as follows: units unit cost total cost january 3 150 $ 15 $ 2,250 january 12 200 20 4,000 january 20 250 20 5,000 january 25 300 30 9,000 900 $ 20,250 there were 100 units in ending inventory on january 31. under the lifo cost method, what is the cost of goods sold for january? multiple choice $17,250 $19,500 $18,750 $18,000
The cost of goods sold for the month of January by Nordic industries will be $18750
As per the LIFO method, we will first sell the inventory which is purchased last followed by inventory purchased first
So, first, the inventory of 300 units purchased on January 25 at $30 per unit will be sold
Then, the inventory of 250 units purchased on January 20 at $20 per unit will be sold
Further, the inventory of 200 units purchased on January 12 at $20 per unit will be sold
Finally, the inventory of 50 units purchased on January 3 will be sold at $15 per unit
Cost of goods sold = 300 units purchased on January 25*Cost at $30 + 250 units purchased on January 20*Cost at $20 + 200 units purchased on January 12*Cost st $20 per unit + 50 units purchased on January 3*Cost of the units
= 300*30 + 250*20 + 200*20 + 50*15
= 9000 + 5000 + 4000 + 750
= $18750
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Some students cheat because they are not prepared for the test or assignment.
a. True
b. False
Answer:
A:True
Explanation:
Don't call me out like that
when combining scores, which method is the best choice for when candidates must possess a minimum level of certain characteristics or talents? compensatory approach multiple hurdles rolling admissions situational interview
The best choice for when candidates must possess a minimum level of certain characteristics or talents is a compensatory approach and multiple hurdles.
What are the compensatory approach and multiple hurdles?The validity of the candidate's evaluation is increased by utilizing many predictors, as is typically the case, thus the candidate's scores must be meaningfully integrated to determine an overall score that can be compared to other applicants or to a minimal hiring criterion.
Assessment results can be combined in two ways: multiple hurdles and compensatory approaches.
Multiple hurdles - Multiple hurdle method in personnel selection refers to a strategy where job candidates must successfully complete each of a set of assessment tools (such as exams and inventories) before being considered for the next instrument.
Compensatory approaches - Compensatory techniques let people execute things in a different way or with the use of adapted equipment so they may be more autonomous. Compensatory methods aid in the learning of new skills.
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a bank lends money for a year at an interest rate of 7%, and the inflation rate for that year turns out to be 5%. what is the bank's real rate of return for that year?
1. Why is it so hard to become an accountant in the Philippines when there is a high demand for it?
Accountancy has reportedly been one of the most sought-after courses since, according to what I know. Accountants are in higher demand as additional demand business types start to appear in the developing Philippine economy. The difficulty of staying current with tax legislation is one that accountants continuously deal with.
In the Philippines, all tax and auditing services should be informed of the developments and make effective use of technology. Utilize technology demand to file taxes online. With subjects in math, finance, business, and Accountants, the course load is fairly heavy. Even if some ideas can be difficult, you can succeed if you study the subject and take the time to make sure you comprehend accounting principles in their entirety.
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on january 1, 2024, the holloran corporation purchased a machine at a cost of $55,000. the machine was expected to have a service life of 10 years and a $5,000 residual value. the straight-line depreciation method was used. in 2026, the company switched to the double-declining-balance depreciation method. depreciation for 2026 should be:
Annual straight-line depreciation 5000 =(55000-5000)/10
Accumulated Depreciation for 2 years 10000 =5000*2
Book value, January 1, 2026 45000 =55000-10000
Double-declining-balance depreciation date 25% =1/8*2
Depreciation for 2026 11250 45000*25%
Depreciation for 2026 is $ 11250
The reason for depreciation is to fit the value of a productive asset, that has a beneficial life of extra than a yr, to the revenues earned with the aid of the usage of the asset. The asset's value is normally spread through the years in which the asset is used.
Depreciation price is recorded on the profits announcement as a rate and represents how much of an asset's fee has been used up for that yr. As a result, it's miles neither an asset nor a liability.
No, we can not have a capital loss on depreciable belongings. A “Capital loss” happens when a non-depreciable asset (including land) is offered for much less than its original price. However you cannot have a Capital Loss on “depreciable property”, i.E. Objects whose cost declines over time which include motors, homes, homes, and many others.
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sally is a member of a work team at computers-r-us corporation. she often proposes new solutions to team problems. this is an example of which task specialist role?
The specialist role Sally is depicting here is initiation by proposing new solutions to team problems.
What is task specialist role and what role is depicted by Sally?Specialist role is kind of role assigned and performed by expected employees in the company.Here Sally is a member of a work team at computers-r-us corporation, and proposing new solutions.Computers-r-us corporation is an information technology company dealing with IT industry.Sally is depicting the initiation task specialist role in the company , by proposing new solutions.Hence, the specialist role Sally is depicting here is initiation by proposing new solutions to team problems.To know more about work team visit:
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if for some reason americans desired to increase their purchases of foreign assets, then other things the same a. the real exchange rate would fall and the quantity of dollars exchanged in the market for foreign currency would rise. b. the real exchange rate would rise and the quantity of dollars exchanged in the market for foreign currency would fall. c. both the real exchange rate and the quantity of dollars exchanged in the market for foreign currency would fall. d. both the real exchange rate and the quantity of dollars exchanged in the market for foreign currency would rise.
If for some reason Americans desired to increase their purchases of foreign assets, then other things the same d. the real exchange rate would fall and the quantity of dollars exchanged in the market for foreign-currency would rise.
What is exchange rate?The rate at which one currency will be exchanged for another is known as the exchange rate.The majority of exchange rates are characterized as floating and fluctuate in response to market supply and demand.Some exchange rates are set or linked to the value of the currency of a particular nation.Exchange rate fluctuations have an impact on businesses by altering the cost of supplies imported from other nations and the demand for their goods among clients abroad.To learn more about exchange rate visit:
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. what is the quantity of umbrellas supplied if the market price is $60? multiple choice 1 4,000 umbrellas 3,000 umbrellas 5,000 umbrellas 2,000 umbrellas
The quantity of umbrellas supplied when the market price is $60 is 2,000 umbrellas.
What is a market price ?The price at which an asset can be sold on the open market is referred to as the "market price." The market price of a given commodity is the point at which supply and demand for that good are equal. It is crucial for figuring out consumer surpluses, economic surpluses, etc. A good or service's market price may change as a result of changes or shocks in the demand and supply components.
Demand is the consumer's willingness to purchase a specific good at a specific price. Its fundamental components are the consumer's willingness to pay, ability to pay or affordability, and desire. Demand for the good decreases as its price rises, and vice versa.
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The complete question is mentioned below :
Use the table below to answer the questions that follow.
Supply of Umbrellas
Price Umbrellas Supplied
$120 5,000
100 4,000
80 3,000
60 2,000
40 1,000
20 0
What is the quantity of umbrellas supplied if the market price is $60?
harrimon industries bonds have 6 years left to maturity. interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%. what is the yield to maturity at a current market price of $813? round your answer to two decimal places
14.78% is the yield to maturity at a current market price of $813 for the given question
The internal rate of return on an investment is the same as the yield to maturity. YTM is the interest rate at which the initial investment and the present value of future cash flows will be equal:
computed as:
N = 6
Fv = $1,000
Pmt = $1,000 × 10% = $100
Pv = - $813
P/yr = 1
I (YTM) = ?
The yield to maturity (YTM), calculated by entering the aforementioned figures into a financial calculator, is 1,478.22%, or 14.78%.
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which statement is true? multiple choice all classes of stock must have equal voting rights per share. preferred dividends provide tax-free income to individual investors. from a legal perspective, preferred stock is a form of corporate equity. preferred shareholders prefer noncumulative dividends over cumulative dividends. common shareholders elect the corporate directors while the preferred shareholders vote on mergers and acquisitions.
The correct answers are - (c) & (d) as preferred stocks are a form of corporate equity and preferred shareholders prefer noncumulative dividends over cumulative dividends.
A different kind of equity called as preferred stock provides investors equity in a firm and the ability to receive income from such a company's performance. In contrast to common stockholders, preferred stockholders have a higher interest to payouts (such as dividends).
In corporate governance, preferred stockholders typically have no or very limited voting rights. Preferred stockholders have a bigger say than ordinary shareholders but a lower claim than bondholders in the case of a liquidation. Preferred stock is more attractive to a certain investor because it includes elements of both bonds and shares of common stock.
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emerald company is preparing a statement of stockholders' equity for 2023. on january 1, 2023, emerald started the year with a $400,000 credit balance in its retained earnings account. during 2023, the company earned net income of $280,000. emerald declared dividends of $160,000 and paid $100,000 of those dividends. also, the company received cash of $200,000 for additional shares of common stock issued and then paid $60,000 to repurchase shares of common stock. what is the balance in retained earnings on december 31, 2023?
The balance in the retained earnings account on December 31, 2023, for Emerald Company is $520,000.
What is the retained earnings account?The retained earnings account is the general ledger account where the transactions about the retained earnings are summarized.
Retained earnings are the years' accumulated profits not distributed as dividends to stockholders.
To compute the retained earnings ending balance, add the net income or loss to the beginning balance, and subtract the declared dividends.
Retained Earnings:Beginning balance $400,000
Net income $280,000
Declared dividend ($160,000)
Ending balance = $520,000
Thus, Emerald Company has retained earnings of $520,000 on December 31, 2023.
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three years ago, you invested in the future investco mutual fund by purchasing 1,000 shares of the fund at a net asset value of $14.00 per share. the fund has a 3% load that you elect to pay in addition to your initial investment to ensure that the full nav is invested. because you did not need the income, you elected to reinvest all dividends and capital gains distributions. today, you sell your 1,100 shares in this fund for $16.56 per share. what is the compounded rate of return on this investment over the 3-year period? select one: a. 8.10% b. 8.05% c. 7.60% d. 3.97% e. 26.32%
Over a three-year period, the compounded rate of return on this investment is 8.10%
What is rate of return?
A rate of return (RoR) is indeed the net profit or loss of an asset over a given time period represented as a percentage of the initial cost of the investment.
When you calculate the rate of return, you are computing the percent change from the beginning to the conclusion of the period. Any investment product, from real estate to securities, equities, and fine art, can be assigned a rate of return (RoR). The RoR can be applied to any asset as long as it is purchased at one point in time and generates cash flow at a certain point in the future. Investments are evaluated in part based on historical rates of return, that can be compared to assets of the same type to decide which assets are the most appealing.
Compounded rate of return = ((1,100 * $16.56) / ((1,000 * $14) *(1+3%)))^(1/3) -1
= ($18,216 / $14,420)^(1/3) - 1
= 1.0810 - 1
= 8.10%
Compounded rate of return = 8.10%
Therefore, the correct option is A
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miss take, the bookkeeper, forgot to record the adjusting entry for revenues earned during the period, but not yet collected. what is the effect of this error on the accounting equation?
Assets, net income, and owners' equity are all understated. Let's have a better understanding of what would have happened if this submission had been reserved. Both the net income and the accounts receivable would rise. However, since no entry was passed, the net come and existing assets were overstated.
Adjusting entries are journal entries made at the conclusion of a period to correct accounts before the financial statements are prepared. They are also known as adjusting journal entries. The accounting cycle's fourth step is this one. To match revenue and costs in the period, adjusting entries are most frequently employed in accordance with the matching concept.
Adjusting entries are journal entries made at the conclusion of a period to correct accounts before the financial statements are prepared. They are also known as adjusting journal entries. The accounting cycle's fourth step is this one.
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galaxy company sold merchandise costing $3,600 for $6,200 cash. the merchandise was later returned by the customer for a refund. the company uses the perpetual inventory system. what effect will the sales return have on the financial statements? (consider both the revenue and inventory effects of the return only.)
Total assets and total equity decrease by $900.
What is perpetual inventory system?Instead of conducting a physical inventory, a perpetual inventory system uses software to continuously estimate your inventory based on your electronic records. The baseline for this system is a physical count, and it is updated as a result of incoming purchases and outgoing shipments.
The most typical application of a perpetual inventory system is the use of wireless barcode scanners in a grocery shop. Every transaction that is scanned is immediately recorded on the system. Firms are able to compute the current and necessary stockpile quickly in this method.
According to perpetual FIFO, the oldest or initial costs are deducted from the inventory account and added to the cost of goods sold account first. The cost of the ending inventory and the cost of the products sold will be the same for both the perpetual FIFO cost flows and the periodic FIFO cost flows.
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The complete question is:
Galaxy Company sold merchandise costing $1,700 for $2,600 cash. The merchandise was later returned by the customer for a refund. If the perpetual inventory method is used, what effect will the sales return have on the accounting equation?
A) Total assets and total equity decrease by $900.
B) Total assets decrease by $2,600 and total equity is decreased by $1,700.
C) Total assets and total equity decrease by $2,600.
D) Total assets and total equity increase by $900.
a limitation of 1,550 machine-hours per week prevents golden leaf manufacturing company from meeting the sales demands for its products. the product information is as follows: r1 r2 r3 r4 unit selling price $450 $300 $175 $300 unit variable costs (300) (125) (100) (150) unit contribution margin $150 $175 $75 $150 machine-hours per unit 10 10 10 15 assuming demand for each product is as follows: r1 50 units; r2 80 units; r3 25 units; and r4 10 units, what is the best short-run profit maximizing strategy?
The best short-run profit maximizing strategy is $23,450.
A monopolistically competitive company optimizes profits or minimizes losses in the short run by producing the amount where marginal revenue equals marginal cost. The company will make an economic profit if the average total cost is lower than the market price.
How is short-run profit determined?
Profits from the sale of an asset that a company has owned for less than a year are referred to as short-term profits. By deducting the price, you paid for an asset at the beginning of the year from the sale price you got for the item, you may figure out your short-term gains. Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up.
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assuming sales prices and cost behavior remain unchanged, when variable costing is used, when does net income change in response to changes in unit sales?
All of the above is the correct response i.e., option (d) when variable costing is implied.
What is cost behaviour ?The system by which expenses respond to changes in activity levels is known as cost behaviour. Management uses it to predict whether costs will respond favourably or not. Understanding is crucial for performing cost-volume-profit analyses and creating budgets.
If the cost and sales prices remain constant, the net income will fluctuate:
The number of units produced affects the variable cost of production, and if more units are sold than are produced, more money is made.Net income will decline if the amount of goods and services produced is less than the amount of goods and services sold. This occurs as a result of a discrepancy between production and sales costs.An increase in net income will occur from an equal number of units produced and sold. Due to the sales price including a profit margin, the income will rise.To know more about, net income, visit :
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The complete question is mentioned below :
Assuming sales prices and cost behavior remain unchanged, when variable costing is used, when does net income change in response to changes in unit sales?
a. when the number of units sold exceeds the number of units produced
b. when the number of units produced exceeds the number of units sold
c. when the number of units sold exactly equals the number of units produced
d. all of the above
selling global products and using similar marketing techniques worldwide is an example of a group of answer choices regional strategy. multidomestic strategy. international strategy.
A multidomestic strategy is a marketing tactic where a business concentrates on tailoring marketing and sales initiatives to regional markets. In order to cater to regional preferences, norms, and customs, the corporation may launch a new brand in each area.
What is meant by multidomestic strategy?A business strategy that allows various subsidiaries of a global corporation to engage in independent competition in various domestic markets. The multinational organization's head office coordinates marketing strategy, financial management, and in some cases, component production and R&D. For instance, a multidomestic beverage firm might introduce distinctive drink flavors in several areas. Additionally, websites are localized by using regional dialects and frequently including locals.Before entering a new market, businesses usually do a lot of research and may change many parts of their operations to fit the local market. The business establishes regional operations when it first enters the new territory, which could include management, customer support, storefronts, offices, and manufacturing facilities.To Learn more About multidomestic strategy refer to:
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the use of accounting information as a tool to communicate without providing any influence that would sway a decision in a particular direction that would favor a particular interest group is known as
Neutrality refers to the use of accounting information as a medium for communication without giving any influence that would push a decision in a specific manner that would favour a particular interest group.
Accounting:
Accounting is the measurement, processing, and exchange of financial and non-financial information regarding economic entities such as enterprises and corporations. Accounting, also known as the "language of business," measures and communicates the outcomes of an organization's economic operations to a wide range of stakeholders, including investors, creditors, managers, and regulators. Accountants are those who practise accounting. The terms "accounting" and "financial reporting" are sometimes used interchangeably.
Neutrality is another aspect of faithful portrayal. This is when accounting information can be used to communicate without offering any influence that could bias a decision in a specific manner that would benefit a specific interest group.
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on deck sports memorabilia store sells a babe ruth rookie card for $3,100 on account. if the sales tax on the sale is 5%, the journal entry to record the sale would include:
The journal entry to record the sale is attached in the image below
What is a journal entry?Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.
An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances.
How do you go about writing an entry for your journal?To establish a new ledger account using a journal entry. Pick the ledger account that you wish to use for the first line of the journal, and utilize the drop-down menu to do so.
Details. In the event that it is necessary, give specifics for the journal row.
Incorporate into your tax return. Mark this option if you want the amount from this journal entry line to be included on your tax return. It will appear here.
The entry in the diary may include many records, each of which may be either a debit or a credit depending on the circumstance.
In conclusion, The entry in the journal to record the sale can be found attached in the picture that can be seen below.
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demmert manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $5,500; remodeling of offices, $22,100; rearrangement of the shipping and receiving area resulting in an increase in productivity, $35,100; addition of a security system to the manufacturing facility, $25,100. how should demmert account for each of these expenditures?
During a specific accounting period, a corporation keeps track of its daily spending in expense accounts.
These accounts are formed for each new period after existing for a predetermined amount of time, such as a month, quarter, or year.
The account for each of the expenditures will be as follows -
Annual maintenance on its equipment = $5,500 - Expensed ( This is a normal maintenance bill on equipment and can be entirely expensed in the year it occurs.)
Remodelling of offices = $22,100 - Capitalised and depreciated - ( This is a part of the transformation process and should be capitalised and depreciated accordingly.)
Rearrangement of the shipping and receiving area = $35,100 - Capitalised and depreciated (Since this is a rearrangement, it will increase efficiency, it should be capitalised and depreciated.)
Addition of a security system = $25,100 - Capitalised and depreciated ( Since this is an addition of an asset, it should be capitalised and depreciated.)
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who should prepare a bank reconciliation? a bonded employee. an employee with extensive accounting experience. an employee also responsible for making deposits. an employee who has no other responsibilities related to cash.
The person that should should prepare a bank reconciliation is an employee with extensive accounting experience.
What is a bank reconciliation?A bank reconciliation statement can be described as the summary of banking as well as the business activity which is been used in the reconciles an entity's bank account .
It should be noted that this is been done with its financial records and the person that is usually carried out this should be someone that has the knowledge about the accounting experience. so that he will able to handle out of the financial experience.
Therefore, the second option is correct.
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define the investment trade-off. multiple choice question. an increase in investment expenditure designed to boost future consumption a reduction in investment expenditure designed to boost current consumption a reduction in current consumption to pay for investment capital an increase in consumption designed to increase investment
The risk-return tradeoff is an investment principle that indicates that the higher the risk, the higher the potential reward. To calculate an appropriate risk-return tradeoff, investors must consider many factors, including overall risk tolerance, the potential to replace lost funds.
A trade-off (or tradeoff) is a situational decision that involves diminishing or dropping one nice, quantity, or belongings of a set or design in go back for profits in different components. In easy phrases, a tradeoff is in which one component will increase, and every other should decrease. Tradeoffs stem from barriers of many origins, such as easy physics – for example, best a certain volume of gadgets can fit right into a given area, so a complete container should remove some gadgets a good way to accept any greater, and vessels can bring a few massive items or multiple small gadgets. Tradeoffs additionally commonly seek advice from extraordinary configurations of an unmarried item, which includes the tuning of strings on a guitar to enable one-of-a-kind notes to be performed, as well as an allocation of time and attention towards different responsibilities.
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