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lawyer [7]
2 years ago
11

Which of the transactions listed here could be made into a recurring transaction? Select as many as are correct.(Select all that

apply)An expenseA customer paymentAn invoiceAn adjusting journal entry
Business
1 answer:
professor190 [17]2 years ago
6 0

Answer:

An expense, An invoice, An adjusting general entry

Explanation:

Well for the items provided,

Recurring transactions are those transactions which occur almost on a defined intervals. Recurring does not mean regular occurring, but it's occurring period is defined.

Therefore, Recurring Transactions are:

An expense = example monthly fixed payments of salary and wages, rent, utilities.

An invoice = this will be a regular transaction as issuing invoice to customers, is the daily business.

An adjusting general entry = as for like depreciation is fixed monthly,

Note: a customer payment is not recurring as it depends customer to customer as the payment is to be received or not, and at what interval it will be received.

Recurring transactions are:

An expense, An invoice, An adjusting general entry

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Genovese Contracting, Inc., agrees to build a warehouse for Hawthorne Wholesale Distributors. When Genovese runs into the types
Andrej [43]

Answer:

4: not enforce it.​

Explanation:

It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.

8 0
2 years ago
Which of the following environments will be LEAST conducive to fraud? a. Perceived inequalities in the organization and inadequa
egoroff_w [7]

Answer:

The answer is C. Proactive management

Explanation:

Proactive management looks ahead. They are not reactive. They envisage problems before it occurs. They institute or set up internal controls which will not be conducive to fraud. Internal controls like segregation of duty, dual control, authorization etc.

But in an organization where perceived inequalities are rife, employees will tend to play fast because they are not satisfied.

Also, when unreasonable budget are set by the management, employees tend to do all things possible to achieve this budget so as to keep their job. This breeds the thought of fraud.

High employee turnover too can lead to fraud because staffs know they wont stay too long.

4 0
2 years ago
Your company, CSUS Inc., is considering a new project whose data are shown below. The required equipment has a 3-year tax life,
Misha Larkins [42]

Answer:

cash flow  = $13090

Explanation:

given data

Equipment cost=  $70,000

Sales revenues = $42,500

operating costs = $25,000

Tax rate = 35.0%

solution

we know that MCAR for 7 % is

MCAR  = 7% of 70000 = $4900

and

sale rev is 42000

so

EBITDA = sale rev - operating cost

EBITDA =  42500 - 25000

EBITDA  = $17500

and

EBIT = 17500 - 4900

EBIT = 12600

and

tax is 35 % that is = 4410

and

PAT = EBIT - tax

PAT = 12600 - 4410

PAT = 8190

so

cash flow = 8190 + 4900

cash flow  = $13090

4 0
2 years ago
Read 2 more answers
The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:_____
mars1129 [50]

Answer:

The profit margin controllable by the Central Valley segment manager is:  $ 95,000.

Explanation:

Only items directly controllable by the Manager should be included in the divisional financial performance measure.

<u>Central Valley Division</u>

Revenues                                         $ 405,000

Less Variable Costs :

Variable operating expenses        ($ 230,000)

Controllable Contribution                $ 175,000

Less Controllable fixed expenses   ($80,000)

Controllable Profit                             $ 95,000

3 0
2 years ago
The intrinsic value of a company’s stock, also known as its fundamental value, refers to the stock’s "true" value based on accur
slava [35]

Answer:

The goal of the managers of a publicly owned company should be to maximize the firm's <u>INTRINSIC VALUE</u>.

The board of directors' and upper management's main goal is to maximize the corporation's value in order to maximize stockholders' wealth.

An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalays Inc.'s stock should be $37.32 per share, but Mandalays Inc.'s stock is trading at $45.59 per share on the New York Stock Exchange (NYSE). Considering the analyst's expectations, the stock is currently:

  • c. overvalued

If the analyst considers that the stock's intrinsic price is $37.32 and the market price is $45.59, this means that currently the stock is overvalued.

3 0
2 years ago
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