Consider these two alternatives:

Q: Wilson Cafeteria issues gift cards, which are very popular in the small town where the restaurant is…

A: As per IAS 37 Provisions,Contingent liabilities and Contingent assets, A Provision is an liability…

Q: NPV AND IRR A store has 5 years remaining on its lease in a mall. Rent is $2,000 per month, 60…

A: old lease  facts: 5 years remaining casflow -2000 per month at end of period, 60 payments new…

Q: You invest $11,000 in an account that pays simple interest of 2% for 1 year. Calculate the amount of…

A: Simple interest is an easy method of calculating the interest amount. Simple interest is calculated…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Given:Principal (P) = $70,000Annual interest rate (r) = 8.5% or 0.085Loan term (n) = 7 yearsStep 1:…

Q: Create at least 3 transactions in one month for each specialized journals

A: The creation of at least 3 transactions in one month for specialised journals is shown hereunder :…

Q: How many days in a grace period for most credit cards A. 20-30 DAYS B. 30-60 DAYS C.100 DAYS…

A: Grace Period Grace period is the number of days between a credit card  holder statement date and due…

Q: QUESTION 38 Last month, Jeff applied to three colleges (X, Y, and Z). Before applying he and his…

A: The costs that are mainly useful to take decisions  and are to be taken into consideration are…

Q: Question 11. Suppose that $14.000 is deposited for six years at 3 % APR. Calculate the interest…

A: Principal $ 14000 Interest = 3%  Compounded Quartley

Q: You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two…

A: Present Value is the estimation of future cash flows at a predetermined rate of return over a…

Q: lackboard t require yo

A: Total rooms in a hotel=165 rooms Total days in a year=365 days  Total rooms in a year=165*365…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1: To determine the amount of interest payable on a $1950 note with an interest rate of 4.5%…

Q: An invoice for $10,000 dated September 10 with terms 3/10, 12/20, n/30, EOM is recelved in the mail…

A: Invoice is a document in which complete information is contained regarding the transaction that…

Q: Present value with periodic rates Sam Hinds, a locial dentist, is going to remodel the dental…

A: we have in the question Principal = $22,000 Interest Rate = 9.5% life of the loan = 6 years two…

Q: Allison pays $27,506.28 for an annuity due today. This annuity will pay her $1,750 at the beginning…

A: Annuity Due  Beginning of each annuity amounts Payment = 27506.28 Annuity Amount = 1750 Interest…

Q: Determine the approximate monthly cost of going to lunch every Friday, averaging $8.15. (Assume four…

A: Average Cost per week is $8.15 Total number of weeks in a month are 4 To Find: Approximate Monthly…

Q: Task 2: Parcel BLUE Step 1: Enter the following information into the highlighted cells associated…

A: Loan refers to amount borrowed from outside for definite period of time for consideration as…

Q: Then, prepare the journal entry assuming the payment is made within 10 days (the discount period).

A: Formula: Net sales = Sales - discount where, Discount = Sales x discount rate

Q: Question 8 Christina bought a new car for $21,000. She paid a 10% down payment and financed the…

A: Cost of car=21000 Down payment=10%*21000=2100 Remaining amount=21000-2100=18900 Time period=60…

Q: None

A: Answer information:Step 1:Required 1.At Break-even point,    Revenue-Variable expenses-Fixed…

Q: 63. In accruing patient charges for the current month, which one of the following accounts should a…

A: Accrued revenue means the revenue earned by an entity which is yet to be received.

Q: BUS 038 : Business Computations 8. An invoice for $75.20 has terms of 3/10, 1/30, n/60. If you make…

A: Invoice amount = $75.20 Discount rate if payment within 10 days = 3% Discount rate if payment within…

Q: Aman gets an invoice for $460 with terms 3/10, 1/15, n/30. How much would he pay 8 days after the…

A: 3/10 indicates that if the payment is made within 10 days, a discount of 3% is allowed. 1/15…

Q: Walter deposits a fixed quarterly amount into an annuity account for his child's college fund. He…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: TO: Bill Bugnay FROM: M. Lasker Please make the GST Remittances (nomally monthly) to the Receiver…

A: A General Journal is the first place where data is recorded, and every page in the item features…

Q: Please select the correct journal entry for it O Dr Dr Dr Dr Cr Cr Cr Interest expenses (p&l)…

A: The adjustment entries are prepared to adjust the revenue and expense of the current period. The…

Q: Mary can finish a puzzle of 500 pieces in 2 hours. How long will it take her to finish a puzzle of…

A: First we need to calculate puzzle solved per hour.Puzzles solved per hour =Total puzzle solved/Total…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.