Answers

ZK

Answered

When using digital media,how can you be sure you are presenting facts instead of your opinion?

A) Include links to Wikis
B) Include supporting evidence
C) Open a discussion forum
D) Assume others will view the message
E) Avoid text language

On Aug 06, 2024


B
ZK

Answered

The following information is available for the Savvy Company for the month of June.
a.On June 30,after all transactions have been recorded,the balance in the company's Cash account has a balance of $17,202.
b.The company's bank statement shows a balance on June 30 of $19,279.
c.Outstanding checks at June 30 total $2,984.
d.The bank collected $770 on a note receivable that is not yet recorded by Savvy Company.
e.A $67 NSF check from a customer,J.Maroon is shown on the bank statement but not yet recorded by the company.
f.A deposit placed in the bank's night depository on June 30 totaling $1,675 did not appear on the bank statement.
g.Comparing the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450,but was recorded in the accounting records as $2,540.
h.Included with the bank statement was a bank service charge in the amount of $25 .It has not been recorded on the company's books.
1.Prepare the June bank reconciliation for the Savvy Company.
2.Prepare the general journal entries to bring the company's book balance of cash into conformity with the reconciled balance as of June 30.

On Jul 15, 2024


1.
1.    2.   2.
1.    2.
ZK

Answered

NSF cheques received are accounted for by adding them to the cash balance per books.

On Jul 07, 2024


False
ZK

Answered

Accounting Standard AASB 107 Statement of Cash Flows mandates the provision of cash flow information from operating,financing and investing activities.

On Jun 15, 2024


True
ZK

Answered

Go Global Investment Management has an asset allocation strategy of 70% U.S. investments and 30% global investments. Within the United States, Go Global has allocated 65% of its portfolio to equities and 35% to bonds. Go Global now holds 4% of its U.S. equity portfolio in the stock of Wally World. Internationally, Go Global has allocated 62% to equities and 38% to bonds. About what percentage of Go Global's total portfolio is invested in Wally World?

A) 1%
B) 1.26%
C) 1.5%
D) 1.82%

On Jun 04, 2024


B
ZK

Answered

A psychological or physiological deficiency that a person feels compelled to satisfy is known as a(n) :

A) obsession
B) desire
C) compulsion
D) need
E) satisfaction deficit

On May 16, 2024


D
ZK

Answered

A new business owner is setting up a business and will be opening in 3 months.While she is recruiting for full-time employees,she hires a temporary worker.The worker is only helping out a few days a week and doing odd jobs such as being on the premises when the owner is away,stocking office supplies,and helping arrange office furniture.At the end of the week,the business owner pays the worker the agreed-upon fee of $200.What issues might affect the business?

On May 05, 2024


The answer should indicate that the business owner needs to have an EIN.The worker should have the protections of an employee.Other considerations might include workers' compensation,and the fact that in order to comply with IRS regulations,the employer should withhold part of the employee's income for employment taxes.Other withholdings may include state taxes,depending on the state.The employee should complete a W-4 form and an I-9 form,verifying the employee's eligibility to work in the United States.
ZK

Answered

You should spell out an abbreviation on first use and show the abbreviation in parenthesis, such as National Business Education Association (NBEA).

On May 04, 2024


True