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Aaron Donovan
BusinessBusiness
Osborn Company's unadjusted book balance at June 30, 2014 is $7,800. The company's bank statement reveals bank service charges of $45. Two credit memos are included in the bank statement: one for $900 which represents a collection of an account receivable that the bank made for Osborn and one for $10 which represents the amount of interest that Osborn had earned on its interest-bearing checking account in June. Based on this information, Osborn's true cash balance is:

A. $7,800.

B. $8,705.

C. $8,665.

D. $8,795.
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Maci Sloan
BusinessBusiness
Which of the following is a correct formula when markup is based on selling price?

a Dollar markup X Selling price = Percentage markup

b Dollar markup + Percentage markup = Selling price

c Dollar markup - divide by-Percentage markup = Selling price

d Dollar markup-divide by - Selling price = Percentage markup
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Howe
BusinessBusiness
Knorr issues 1,000 shares of $2 par value common stock for $10 per share. The journal entry to record this transaction will include which of the following?

A) Credit to Common stock $2,000

B) Credit to Common stock $10,000

C) Credit to Additional paid-in capital $8,000

D) Credit to Retained earnings $8,000
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Parker Winters
BusinessBusiness
joan made deductible contributions to traditional retirement accounts for several years. in 2018 she decided to withdraw $10,000 from one of her accounts. joan is 62 years old how does this transaction affect her 2018 tax return
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Guest
BusinessBusiness
If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, cash paid for bond interest is:

a.$790,000.

b.$784,000.

c.$806,000.

d.$910,000.
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Kaila Avila
BusinessBusiness
Peter calls his friend Lily to borrow $500. On the side of a box, Peter writes and signs a note stating he will pay back the $500 as long as Lily allows him to use her car until he gets a job. The instrument is not negotiable because it violates which of the following?

1. permanency

2. portability

3. payable to order or bearer

4. no requirement except the payment of money
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Ronan Choi
BusinessBusiness
The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 42,800 Current assets $ 17,500 Long-term debt $ 37,000 Costs 35,500 Fixed assets 68,300 Equity 48,800 Taxable income $ 7,300 Total $ 85,800 Total $ 85,800 Taxes (23%) 1,679 Net income $ 5,621 Assets and costs are proportional to sales. The company maintains a constant 40 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
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Laurel
BusinessBusiness
Steps that explain exactly what you are going to do to reach your goal are called
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Jayce Madden
BusinessBusiness
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022. Other revenues and gains $21,800 Other expenses and losses 3,200 Cost of goods sold 283,000 Sales discounts 3,200 Sales revenue 747,000 Operating expenses 210,000 Sales returns and allowances 9,000 Prepare a multiple-step income statement for Splish Brothers Corp. The company has a tax rate of 25%.
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Sophie
BusinessBusiness
Which of the following is true regarding internal customers of an organization? They buy products or services for their own personal use. They receive goods or services from someone within the organization. They are the ultimate purchasers of a product or service. They do not add any value to the product before it reaches the consumer.
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Maliyah Stein
BusinessBusiness
Most businesses periodically remove bad accounts from their books true or false
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Caitlyn Simon
BusinessBusiness
A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overhead cost applied to this job is $
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Everett Mullen
BusinessBusiness
Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra. Kendra transfers her right to payment under the contract to County Bank. This transfer is

a. an alienation

b. an assignment

c. a delegation

d. prohibited
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Nevaeh Bradshaw
BusinessBusiness
Clara, at age 47, decided to adopt a child on her own because she tired of waiting around for "mr. Right" to come along. She decided to move on with her life. Clara is an example of a (n) :
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Jamarcus Francis
BusinessBusiness
Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21. Based on this information, the amount of the interest expense associated with the second payment would be: (round your answer to the nearest dollar)
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