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Anarel [89]
2 years ago
14

Restocking warehouse corporation keeps a file of i-9 verifications forms, which are required by the immigration reform and contr

ol act. to monitor compliance with the act, random audits and enforcement actions are conducted by
Business
1 answer:
alex41 [277]2 years ago
4 0
The Federal government conducts random audits and enforcement actions to monitor compliance with the Immigration Reform and Control Act. The purpose of this legislation was to amend the Immigration and Nationality Act to change the level and preference system for admission of immigrants to the United States and to provide for administrative naturalization, and for other purposes. The Immigration Reform and Control Act was passed and signed into law on the 6th of November 1986.
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Ben and Miranda recently sold some land they owned for $150,000. They received the land and a check equal to the amount of the t
natima [27]
D is the correct answer
7 0
1 year ago
The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for
Jet001 [13]

Answer:

Question 1

B. $41,910

Question 2

C. Debit to interest receivable for $90

Explanation:

Question 1

Calculation for the adjusted cash balance

Using this formula

Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks

Let plug in the formula

Adjusted cash balance= $43,860+$16,800-$18,750

Adjusted cash balance= $41,910

Therefore Adjusted cash balance is $41,910

Question 2

Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:

Debit to interest receivable for $90 which is calculated as:

Interest receivable=[(6%*$18,000*90days/360)/3]

Interest receivable=$270/3

Interest receivable=$90

7 0
2 years ago
Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics
ANTONII [103]

Answer:

A is not Managerial accounting the correct answer is  Financial accounting

8 0
2 years ago
Record the following transactions of Sumanto, Kochi in Two-column Cash Book and balance the book on 31st January, 2018: 2018 Jan
aleksley [76]

Answer:

Sumanto, Kochi

Two-Column Cash Book

Date   Description  Cash  Bank  Dis.  Date  Description  Cash   Bank  Dis.

                                                    All'd                                                     Rec'd

Jan. 1  Balance      1,000  14,500         Jan. 2  Bank        50,000

Jan. 1  Shares    60,000                      Jan.14  Stationery     500  

Jan. 2 Cash                    50,000          Jan.18  Purchase   6,720

Jan. 8 Mohan                   9,800  200 Jan.19 Shyam                    3,700  300

Jan.20 Bank       3,000                        Jan.20 Cash                     3,000

Jan.24 Sales       1,900                        Jan.22 Drawings              2,000

Jan.27 Sharma 18,000               500  Jan.28  Bank       15,000

Jan.28 Cash                  15,000           Jan.28 Purchases            2,240

                                                            Jan.30  Rent                     2,000

                       <u>                                   </u>  Jan.30  Balance  <u>11,680 76,360          </u>

                       <u>83,900  89,300  700</u>                             <u>83,900 89,300   300</u>

Feb. 1  Balance 11,680  76,360

Explanation:

Sumanto, Kochi's two-column Cash Bank shows two columns for cash and bank on the debit and credit sides and also the discount allowed and discount received on the debit and credit sides respectively.

5 0
2 years ago
Consider the following balance sheet for TD. Assets Liabilities Reserves 493 Deposits 2900 Loans 2407 4. Suppose that TD is a ty
anzhelika [568]

Answer:

what is the money multiplier?

  • 5.88

what is the total change in the M1 Money Supply?

  • Just because a client deposits money into a bank it does not increase M1, it just changes its composition. The immediate effect of the deposit in the total money supply is nothing. If the bank loans the money to other clients ($581 in total loans are possible), and other clients deposit the funds in the same bank or other banks, then the money supply could increase up to $3,416.

what is the minimum amount by which the money supply will increase?

  • If the bank loans the disposable funds, the money supply should increase by $581 at least.

Explanation:

The bank's required reserve ratio = reserves / deposits = $493 / $2,900 = 0.17 or 17%.

the money multiplier = 1 / required reserve ratio = 1 / 0.17 = 5.88

if a client deposits $700, the minimum amount by which the money supply will increase = $700 x (1 - required reserve) = $700 x (1 - 0.17) = $700 x 0.83 = $581

the maximum amount by which the money supply could increase = ($700 x 5.88) - $700 = $4,116 - $700 = $3,416

6 0
2 years ago
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