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Furkat [3]
2 years ago
11

Creative accountant who DIY their own accounting system go to jail. True or false

Business
1 answer:
Elza [17]2 years ago
3 0

Answer:

true

Explanation:

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On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. Prepare the necessary jo
Sophie [7]

Answer:

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

Explanation:

Journal entries

Dr Cash for $461,795,

Cr Premium on Bonds Payable for $11,795

Cr Bonds Payable for $450,000

(Issue price of $461,795 - par value of $450,000) =$11,795

8 0
2 years ago
Read 2 more answers
"I don't know, but I'll find out" is a customer service example of
Phantasy [73]

Answer:

an uninformed sales rep.

Explanation:

The phrase 'I don't know 'is forbidden in the customer service language. It implies that the customer service agent lacks knowledge or basic training to perform his or her duties. The expression reflects poorly on the agent and the employer.

Customers expect service agents to know most, if not everything, about their organization's products and services. That's the reason they seek support from the service department

4 0
2 years ago
Read 2 more answers
Theresa adds $1,500 to her savings account on the first day of each year. marcus adds $1,500 to his savings account on the last
Kay [80]

Answer:

difference = $12093.38

Explanation:

given data

adds 1st day in saving account = $1,500

adds last day in saving account = $1,500

annual interest = 6.5 %

time = 35 year

to find out

difference in their savings account balances

solution

we get there first Theresa  future value that is

future value 1 = present value × \frac{(1+rate)^{time} - 1}{rate}   ....1

future value 1 = $1500 × \frac{(1+0.065)^{35} - 1}{0.065}

future value 1  = $186052.04

and

future value 2 = present value × \frac{(1+rate)^{time} - 1}{rate} ×  (1+rate)  .........2

future value 2 = $1500 × \frac{(1+0.065)^{35} - 1}{0.065} ×  (1+0.065)

future value 2 = $198145.42

so that here difference is

Difference = $198145.42 - $186052.04

difference = $12093.38

3 0
2 years ago
For $20 million, Ross Adams Mining acquired a tract of land containing a large deposit of anthracite coal. Ross Adams believes t
ziro4ka [17]

Answer:

$6.25 per ton of coal

Explanation:

the depletion base = purchase cost + restoration costs

  • purchase cost = $20 million
  • restoration costs = $6 million

depletion base = $26,000,000

depletion rate per ton of coal = (depletion base - salvage value) / estimated reserves = ($26,000,000 - $1,000,000) / 4,000,000 = $6.25 per ton of coal

The depletion rate follows the same concepts as depreciation of fixed assets, but instead of using a fixed asset, you are extracting materials and decreasing the value of the deposits.

8 0
2 years ago
According to the article by Hutchinson, Farris and Anders (2007), cash-to-cash analysis is difficult because financial data and
Margarita [4]

Answer:

False

Explanation:

"Cash-to-cash Analysis and Management" by<em> Hutchinson, Farris and Anders</em> talks about the availability of the<em> financial data</em> and <em>computer technology</em> in assisting a business when it comes to determining its <u>cash-to-cash position </u><em><u>(C2C)</u></em><em>,</em> as well as the <em>benchmarks</em> needed for comparison.

Cash-to-cash analysis was difficult in the past, however, it is easier nowadays. The supply chain is even examined at a broader view than before. C2C efficiency is possible by utilizing the<em> readily available</em> financial date and computer technology. So, this makes the statement above as "false."

So, this explains the answer.

6 0
2 years ago
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