The Revenue Recognition idea is the source of the problem. A service cannot be recorded as revenue until it has been rendered.
According to the idea of revenue recognition, we can only record revenue under the accrual basis of accounting after a business has finished the process of generating revenue. Therefore, if a company is getting money in an obstruction when a consumer makes a payment, the entity can record it as a liability rather than a profit. after the completion of they might acknowledge the cash as compensation for all work. Therefore, the president's call to record consumer payments as income for renovation work that hasn't yet been finished is wrong.
So, The Revenue Recognition idea is the source of the problem. A service cannot be recorded as revenue until it has been rendered. The revenue cannot be recorded prior to January 3 due to the remodelling project's impending completion.
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How would capital one merge the codebase of a company they bought into their own codebase?
Capital one merges the codebase of a company they bought into their codebase using the Account Combination feature.
What is Codebase?A codebase is a group of source code used to create a certain software system, application, or software component in software development. As binary library files (object files) and source code files generated by tools (generated files) can be created from the human-written source code, a codebase typically only contains human-written source code files. A source control repository in a version control system is often where a codebase is kept. Source code repositories are mostly used for backups and versioning, as well as to manage different source code versions on projects with several developers and to help resolve conflicts that occur when developers make overlapping patches.To learn more about Codebase, refer to:
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Your bank is offering a certificate of deposit with an apr of 3.85ompounded monthly. what is the effective annual rate?
We were expecting that we kept the interest when we received it while dealing with simple interest. In a typical bank account, any interest that is earned is automatically added to the account's balance, where it is compounded annually. Compounding is the name for this process of reinvested interest.
In essence, exponential growth is produced by interest on interest. When interest on an investment compounds, your initial investment might rise more quickly, which is fantastic. However, it's not so fantastic when compound interest is applied to a loan or credit card debt because you now owe more money.
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Which section directly manages tactical activities and oversees the staging area?
This means that all of the tactical or response resources assigned to the incident are organised, delegated, and overseen by the Operations Section Chief.
What is Operation section?
All incident tactical operations are carried out by the Operations Section. The Operations Section's activities address important concerns such life safety, incident stabilisation, property preservation, and the return of regular roadway operations. Every time ICS is established at a roadway incident, organisational components of the Operations Section will be present.The levels of the complete organisational hierarchy for the Operations Section are depicted in Exhibit 2-4. A resource is the name given to the lowest organisational unit, which can be a crew of people or a single piece of machinery. Resources can be divided into functional Groups or geographical Divisions as needed. Divisions and groups can be arranged under many Branches for very large events.The Operations Section and the organisational components that make it up change as needed.To know more about Operation section visit:
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In a market system, how does society decide who will receive the goods and services produced?.
According to society, it depends largely on how income is distributed.
Income is money that a man or woman or commercial enterprise gets in trade for imparting labor, generating an excellent or provider, or making an investment capital. Individuals usually earn income through wages or income, whilst companies earn earnings from selling goods or offerings above their value of manufacturing.
Numerous combinations of income resources may be used to derive this classification. For instance, on the maximum unique level, the income resources are mixed into five components: wages and salaries, self-employment profits (farm and non-farm), government switch payments, funding profits, and different incomes.
In line with the census, the median household earnings in 2020 become $ sixty-seven,521. A dwelling wage might fall below this variety at the same time as an excellent salary might exceed this quantity. Given this, an amazing income could be $ seventy-five,000.
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Swifty Corporation's December 31, 2020 balance sheet showed the following 6% preferred stock $10 par value cumulative, 35000 shares swifty total paid in capital was:_________
Swifty's total paid-in capital was $57319000.
The key to this problem is to recognize that when companies purchase their own shares and hold them for future use , the stock is called treasury stock. Treasury Record is recorded at the dollar amount paid for the stock.Treasury Stock is the contra stockholder's equity account.It has a debit balance while most stockholder's equity accounts have credit balances.
Total Stockholder's equity calculation
Preferred stock ⇒ $440000
Common stock ⇒ $19500000
Paid-in capital in excess of par-preferred stock ⇒ $64000
Paid-in capital in excess of par-common stock ⇒ $ 28300000
Retained Earning⇒ $9750000
Treasury Stock (35000 Shares )⇒ $-735000
Total paid-in capital ⇒ $57319000
Therefore, Swifty's total paid-in capital was $57319000.
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Swifty Corporation's December 31, 2020 balance sheet showed the following:
6% preferred stock, $20 par value, cumulative, 35000 shares authorized;
22000 shares issued $440000
Common stock, $10 par value, 3,000,000 shares authorized;
1,950,000 shares issued, 1,920,000 shares outstanding 19500000
Paid-in capital in excess of par value -preferred stock 64000
Paid-in capital in excess of par value-common stock 28300000
Retained earnings 9750000
Treasury stock (35000 shares) 735000
Swifty's total stockholders' equity was
$606610.$58789000.$57319000.$47879000.In france, income taxes are reduced so that individuals will have more income to spend, which in turn will stimulate the economy. This is an example of?
That exemplifies fiscal policy.
Fiscal policy is the use of public spending and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The government may reduce tax rates or boost spending during a recession to boost demand and the economy. On the other hand, it might increase rates or reduce spending to slow down the economy in order to combat inflation.
Monetary policy, which is implemented by central bankers rather than elected government officials, is frequently contrasted with fiscal policy. John Maynard Keynes, a British economist, is largely credited with influencing U.S. fiscal policy (1883-1946).
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Find the present value of $12,075 if money was invested at 7.2% compounded continuously for
8 years, 9 months.
The present value of $12,075 is $22672.14 if the money is invested at 7.2% compounded continuously for 8 years and 9 months.
The formula for continuously compounded interest is obtained by computing the limit of this formula as n approaches infinity (according to the notion of continuous compounding):
Continuously compound interest formula
[tex]A = Pe^{rt}[/tex]
A - Amount
P - Principal
r - Rate
t - Time
P = $12075
r = 7.2 % = 7.2/100 = 0.072
t = 8 years 9 months
= 8 + 9/12 years
= 8 + 0.75
= 0.75 years
A = 12075 × [tex]e^{(0.072 * 0.75)}[/tex]
= 12075 × [tex]e^{0.63}[/tex]
= 12075 × 1.87761
= 22672.1408 $
So, the final amount is $22672.14
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Which one of the following is a privately held corporation?
a. intel
b. general electric
c. caterpillar inc.
d. cargill inc.
Cargill Inc. is a privately help corporation so the correct answer is letter D.
Cargill Incorporated is under the consumer staple industry that offers foods as products. This company is privately owned by an American family (Cargill Family), founded during 1865, and is based in Minnesota but incorporated in Delaware.
Intel is a public multinational corporation under technology industry and sector.
General Electric is a public conglomerate company operating in power and digital industry sector.
Caterpillar Inc. is publicly traded company in heavy equipment and engines sectors.
Thus, only Cargill Inc. among the choices is the privately held corporation.
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Gold corp. has an roe of 8 percent and a payout ratio of 16 percent. what is its sustainable growth rate?
Hence the sustainable growth rate is 6.72%
Given:
ROE= 8%
PAYOUT RATION= 16%
Sustainable Growth Rate:
SGR= ROE×(1−PayoutRatio)
Substituting the values we have:
SGR= 8%×(1−0.16)
SGR = 6.72%
Hence the sustainable growth rate is 6.72%
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In the ______ economy, instead of buying or renting in the usual ways, we share goods and services at low cost and free of charge.
In the sharing economy, instead of buying or renting in the usual ways, we share goods and services at low cost and free of charge.
Supply and demand are the foundation of the free market, which has little to no governmental intervention. It is a concise description of every voluntary exchange that occurs in a specific economic setting. Free markets are a spontaneous and decentralized series of arrangements by which people make economic decisions. Depending on its political and legal system, a nation's free market economy may be of varying size or altogether outlawed. Laissez-faire capitalism is sometimes referred to as the "free market." The "free market" is typically used to refer to an economy with unrestricted competition and exclusively private exchanges between buyers and sellers. Any voluntary economic activity should be included in a broader definition, provided that it is not governed by coercive central authorities.
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Fancy bags co. Prepaid 5 months of rent on april 1. Monthly rent costs $1,000. What is the balance in prepaid rent at the end of may after adjusting entries are recorded?.
Rent Expense 1,000 Cr. Prepaid Rent 1,000.
How is rent calculated?The rent that landlords demand typically ranges from 0.8% to 1.1% of the value of the property. A landlord might charge between $2,000 and $2,750 per month for a house worth $250,000. It's recommended to charge rent that is close to 1% of your home's value if it is worth $100,000 or less.
Who invented Rent?In economics, the word "rent" was first used by David Ricardo. It refers to the payment made to a production factor that is greater than what is necessary to maintain that factor's current use. So, for instance, if my current work pays me $150,000 but I would stay there for any income over $130,000, I am making $20,000 a month in rent.
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A firm has total assets of $456,000 and total equity of $217,000. what is the debt-equity ratio?
Total Debt = $456,000 - $217,000
= $239,000
Debt-Equity Ratio = $239,000 / $217,000
= 1.10
There for the debt-equity ratio is 1.10
What is Debt-equity ratio?
A company's financial leverage is measured by its debt-to-equity (D/E) ratio, which is calculated by dividing its total liabilities by the value of its shareholders. A key metric in corporate finance is the D/E ratio. It measures the proportion of debt that a company is employing to finance its operations as opposed to cash on hand. A specific kind of gearing ratio is the debt-to-equity ratio.
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In april 2015, blue bell laid off 37% of its 3,900 employees while also furloughing 1,400 more. If the justification was that a "cost-benefit" analysis shows the company’s bottom line will be improved in the short run, which approach to deciding ethical dilemmas has been utilized?.
In april 2015, blue bell laid off 37% of its 3,900 employees while also furloughing 1,400 more. If the justification was that a "cost-benefit" analysis shows the company’s bottom line will be improved in the short run, which approach to deciding ethical dilemmas has been utilized Utilitarian Approach.
The Utilitarian Approach assesses an action in terms of its consequences or outcomes; i.e., the web benefits and cost to any or all stakeholders on a personal level. It strives to attain the best good for the best number while creating the smallest amount of harm or preventing the best amount of suffering.
For example, if you're choosing a frozen dessert for yourself, the utilitarian view is that you simply should choose the flavor that may provide you with the foremost cost-benefit pleasure. If you enjoy chocolate but hate vanilla, you ought to choose chocolate for the pleasure it'll bring and avoid vanilla because it'll bring displeasure.
Utilitarianism is an ethical theory that determines right from wrong by specializing in outcomes. it's a cost-benefit variety of consequentialism. Utilitarianism holds that the foremost ethical choice is that which will produce the best good for the best number.
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You want to purchase ko stock at $60 from your broker using as little of your own money as possible. if initial margin is 50 nd you have $3,000 to invest, how many shares can you buy?
100 shares > .5 = [(Q × $60) - $3,000]/(Q × $60); $30Q = $60Q - $3,000; $30Q = $3,000; Q = 100.
100 SHARES CAN BE BOUGHT.
Which stock do you mean?
In general, the ownership certificates of any corporation are referred to as stocks. On the other hand, a share alludes to a certain company's stock certificate. You become a shareholder if you possess shares of a specific corporation. There are two categories of stocks: ordinary and preferred.
Preferred and Common Stock
There are two different stock types available for purchase. All businesses that are traded publicly issue common stock. Additionally, some businesses will offer preferred stock, which has a somewhat lower risk of financial loss but a lower possibility for overall profit.
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A firm has an issue of preferred stock outstanding that pays a $5 dividend every year, in perpetuity. if this issue currently sells for $84.12 per share, what is the required return?
The required return is $5.94%
How do we find the Required return?The per-share value is thus given by
[tex]P_{0}[/tex] =[tex]\frac{D}{R}[/tex]
where R is the required return
Given that,
preferred stock = $5
currently sells = $84.12 per share
To find the required return,
R= [tex]\frac{D}{p_{0} } }[/tex]
R=$5 / $84.12
R= .0594 = 5.94%
We can determine a value for the stock under a few very helpful special circumstances. What we need to do is make some generalizations about the dividend growth rate, or the pattern of future dividends.
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Which one of these factors generally has the greatest impact on a firm's pe ratio?
Required rate of return are factors generally has the greatest impact on a firm's pe ratio.
Future business potential for the company have an impact on the PE ratio.
The firm's growth prospects have an effect on the PE ratio.
Due to investors' larger expectations for future growth, the majority of companies have high PE ratios.
The price-to-earnings ratio (PE ratio) compares share price to share earnings. This statistical analysis is frequently used to determine whether a stock has the right market price. This is accomplished by contrasting a stock's PE ratio with a benchmark PE ratio.
The dividend growth model may be used to determine a stock's price in the manner shown below:
Price per share is profits per share times the anticipated dividend payment (required return - growth rate)
When we rearrange the formula above, we get:
Price/earnings per share equals anticipated dividend payment/price per share (required return - growth rate)
Expected dividend distribution divided by PE ratio (required return - growth rate)
With everything else being equal, the PE ratio decreases as the desired return increases.
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The theory of ________ states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.
The theory of Managerial capitalism states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.
What is Managerial capitalism?Managerial Capitalism is known to be a system that brought a new way or system of getting to know of the changing structure of a given economy via the introduction and behavior of a new class which are the managers.
Note that based on the above, The theory of Managerial capitalism states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.
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Managerial capitalism theory states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.
Managerial Capitalism introduces a new way of understanding the changing structure of the economy through the emergence and behavior of a new class that is, managers.
In the past years, managers tended to form compromises with workers. However, under neoliberalism, allegiances have shifted.
This therefore draws us to an understanding that, the theory of managerial capitalism states that the primary obligation of business leaders is to serve the interests of stockholders by maximizing profits.
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________________ is a spacing technique that allows text to be squeezed or stretched as necessary to fit in a specific amount of space.
Tracking is a spacing technique that allows text to be squeezed or stretched as necessary to fit in a specific amount of space.
What is tracking?The typographer refers to letter spacing as "tracking." Tracking, which is sometimes mistaken with kerning (which alters the distance between individual letters), alters the letter-spacing consistently across a variety of characters.
Designers use tracking primarily for two reasons:
First of all, increased tracking can make text easier to read. When characters are separated visually from one another, the eye can process them more quickly than if they were packed densely together.Tracking is a technique that many designers use to make typeset text look better. Increased or decreased tracking can eliminate widows and orphans (lone words at the end of a paragraph) and lessen the quantity of hyphenation in a paragraph (lone words at the top of a page, which should belong on the previous page).To learn more about tracking visit:
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Lacking any exposure to language before adolescence, a person will never master any language because of the ________ of unemployed neural connections.
Lacking any exposure to language before adolescence, a person will never master any language because of the pruning of unemployed neural connections.
Lack of linguistic stimuli, which are important for an individual's language learning processes, is known as language deprivation. Early exposure to a first language can predict future language results, according to research. Due of the ethical debate surrounding language deprivation, few studies have been conducted in this area. Language deprivation research was dubbed "The Forbidden Experiment" by American author Roger Shattuck because it involved the deprivation of a normal human. Similar studies on psychosis were done on animals by depriving them of social stimulation. There are several instances of language deprivation, despite the lack of professional research on the subject. Research on the crucial period hypothesis and the sensitive period in language learning has advanced thanks to the joint study of these situations.
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Song corp's stock price at the end of last year was $28.50 and its earnings per share for the year were $1.30. what was its p/e ratio?
A P/E ratio is the Price/ Earnings ratio, which is a valuation multiple.
It is defined as
P/E Ratio = Price / EPS
We are given the following Price = $28.5
EPS = $1.3
Hence , P/E Ratio = Price / EPS
P/E = 28.5/ 1.3
P/E = 21.92
Hence the answer is 21.92
what is the price-earnings proportion?
The price-earnings proportion, too known as P/E proportion, P/E, or PER, is the proportion of a company's share (stock) cost to the company's profit per share. The proportion is utilized for esteeming companies and to discover whether they are exaggerated or underestimated.
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Using the same quiz format, steps required to answer questions, and submission deadlines for both pars and kcs are examples of which of the eight golden rules for hci design?.
Submission deadlines for both PARs and KCs are examples of which of the Eight Golden Rules for HCI Design Strive for consistency.
Presenting something in action (as for consideration or inspection) also: the state of being submissive, meek, or compliant; something submitted (such as a manuscript). an action of yielding to another's power or control.A submission is something that is sent in or something that is given up. A contest entry is an illustration of a submission. One instance of submission is when a criminal surrenders to the authorities.
Between pages of one application or between still-related applications, Strive for consistency is required. The key is that authorized users, including the majority of inexperienced users, can still view sites that are seen as still being in dialogue or as still having a connection to the program in use. Users won't be afraid to switch applications as a result of feeling at ease with the application.
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The question was incomplete. Check below the full question.
Using the same quiz format, steps required to answer questions, and submission deadlines are examples of which of the Eight Golden Rules for HCI Design?
a. Supporting internal locus of control
b. Offering informative feedback
c. Strive for consistency
d. Reducing short-term memory load
Antonella has been writing emails since elementary school. what should she pay special attention to in a way that maybe she did not when she was younger?
Using the BCC line to protect everyone's privacy, a subject line with at least five words, and special attention to her entire name in the signature, including middle name for professional purposes.
Professional emails should properly segment their recipients and include information about the email's context and subject. Details and the appropriate classification should be included when mentioning the sender.
When you use Microsoft Outlook for the first time, the BCC field is not immediately activated. The Microsoft Outlook BCC feature's activation is covered in this tutorial.
BCC stands for "blind carbon copy," and it has several features in common with CC. A recipient will receive a copy of your email in their inbox if you include their email address in the BCC field, just like if you had included it in the CC field.
They won't get future Reply or Reply All messages from other participants in the thread because their email address won't be visible to the other email recipients. Recipients of BCC are also blind to one another. Imagine it like a CC in stealth mode.
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A balance sheet has total assets of $1,588, fixed assets of $1,106, long-term debt of $588, and short-term debt of $177. what is the net working capital? $1,000 $482 $341 $305 $411
Net working capital = ($1,588 − 1,106) − $177 = $305
It is very important for business owners and accountants to understand how to create and interpret balance sheet statements. This financial report offers a brief overview of the financial position of the business. Without these reports, business owners and accountants can make decisions that have a negative impact on the company's financial position.
A balance sheet is a statement of the assets, liabilities, and capital of an organization as of a certain date. In short, it shows what the company owns and owns.
In addition, this report shows the amount invested in the business. The balance sheet along with other financial statements helps to calculate the profitability, liquidity, leverage and efficiency of a business.
The balance sheet has assets on the one hand and liabilities and capital on the other. Both sides are always the same. Therefore, Assets = Liabilities + Capital.
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Which combination of shifts of aggregate demand and supply would definitely cause an increase in real gdp?
The demand shifts to right and supply shifts to the right.As a result, aggregate demand and GDP increase or decrease together.
Productivity increase is ultimately the most significant factor affecting the Supply curve. How much production can be produced with a given amount of work is known as productivity in the economics world. GDP per capita, which is one metric for this, is production per worker. Productivity increases throughout time, allowing the same amount of work to create more output.
Because businesses may produce more output at all price levels with increased productivity, the Supply curve moves to the right as productivity rises.
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To prevent payments to fictitious vendors, who should have access to the vendor master file?
To prevent payments to fictitious vendors, Segregation of duties between the controller (accounts payable) and the cashier (who receives checks) Allows payments only to approved vendors who have access to the vendor master file.
A master vendor file, also known as a supplier portfolio, is a comprehensive list of all of an organization's vendors and suppliers from every division. Data such as vendor contact details, diversity status, Tax ID, corporate hierarchy, expenditure amount, and more are contained in master vendor files.
The integration of ERP and e-sourcing tools as well as the easy application of technology are made possible by accurate, clear vendor master data. Employees find it less difficult to keep track of the digital supply chain, maintain vendor accounts, and adhere to tax reporting and other rules.
The vendor's name, address, contact details, and tax identification number are typically included in this vendor file. The data is utilized to speed up transactions and payments to suppliers when buying products and services.
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The accounting equation remains in balance for every accounting transaction because of the dual effects concept whereby something of equal value is received and given in exchange. True or false
The given statement is true.
The balance sheet is where the accounting equation is recorded, where the quantity of total assets should match the sum of the company's liabilities and equity and the owners equity of a person or business. The duality principle is another name for the dual aspect notion. Assets are calculated by the sum of liabilities and Equity.
According to the Dual Aspect Concept, each transaction must be documented in two separate accounts to accurately reflect the movement of funds. The Idea serves as the cornerstone of double-entry accounting. Use a dual-entry accounting system if you want your financial statements audited.
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You want to purchase gm stock at $40 from your broker using as little of your own money as possible. if initial margin is 50 nd you have $4,000 to invest, how many shares can you buy?
You can buy ($4000/$40) = 100 shares outright and you can borrow $4,000 to buy another 100 shares.
Shares signify ownership in a corporation. An individual becomes a shareholder in your business when they purchase shares. Shareholders decide who runs a business and participate in important decisions like whether a company should be sold.
The capital of a company is split up into tiny, equal units of a finite number. Shares are the name given to each unit. A share, to put it simply, is a portion of ownership in a business or a financial asset. Shareholders are investors who own stock in a company. Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial asset that allows for the equal distribution of any declared residual profits in the form of dividends.
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A seller buys an item from a manufacturer for $9,500. he increases the cost by 5 percent. what is the markup value? markup = original cost × percentage markup a. $475 b. $595 c. $950
You are at the checkout counter at the local supermarket, use your debit card to pay for your groceries, and select "credit" when the cashier asks "debit or credit?" where does the money for this purchase come from?.
This transaction will be funded by a direct debit from your checking account.
An account with a financial institution called a checking accounts both deposits and withdrawals. Checking accounts, also known as demand accounts or transactional accounts, are relatively liquid and can be accessed in a variety of ways, including through cheques, automated teller machines (ATMs), and electronic debits.
In contrast to other bank accounts, a checking account typically allows limitless withdrawals and deposits, whereas savings accounts might occasionally impose restrictions on both. Having a checking account is advantageous for anyone who frequently has to withdraw money or conduct transactions from a bank account.
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In its 1st month of business, brewed awakenings, inc. Purchased $1,000 of supplies of which it had paid $700 and owes the rest. At the end of the month, it had $400 of supplies available for use. What is the amount of supplies expense on the income statement?.
Brewed Awakenings, Inc. completed its first month of operation. bought $1,000 worth of materials, of which it paid $700 and is still liable for the balance. It has $400 worth of supplies available at the conclusion of the month. There will be a $600 charge for materials on the income statement.
It spent $600 on items it had spent $1,000 on but only had $400 left. Supplies Expense is the amount used, and it is recorded as an adjusting entry with a debit of $600 to Supplies Expense and a credit of $600 to Supplies. One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. An income statement offers useful information about a company's operations, managerial effectiveness, underperforming industries, and performance in comparison to competitors.
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