Sales $3,000,0000 Operating income $750,000 Taxable income $650,000 Investment $5,000,000 What is the rate on return ratio? Select one: O a. .13 O b. .25 O c. .15

Q: Encashing the bill before the due date is called from bank

A: Introduction: Bills of exchange: Bills of exchange is mostly used for international trade. Its an…

Q: Explain the alternatives in accounting for prepaids.

A: Prepaid expenses: Prepaid expenses refer to the payments which are made in advance and the amount…

Q: What is Balanace of Payment

A: Balance of Payment is a statement of monetary transactions made and records  between residents of a…

Q: How to calculate inventories

A: Inventories are the assets for the business in which the company is dealing for earning the income…

Q: What is the use of payment request forms?

A: Payment request form a requisition form used for the request for payment. This request is a non…

Q: What are the special forms of payment? Give examples for each.

A: Unless otherwise stated, the obligation to deliver begins when the contract is signed. The creditor…

Q: __________ is the crediting of one account through the abstraction of money from another account. A.…

A: This relates to ‘fraud’ with regards to different set of accounts. There are different types of…

Q: Billed customers for delivery services rendered what would be debited?

A: Billing to Customers - When company provide service to customer either in cash or on account both…

Q: Account for accountspayable and analyzeaccounts payableturnover

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Q: What is a credit memo? Why it is used? Give an example?

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Q: The Write Checks window can be used to pay expenses such as rent, utilities, and insurance. Group of…

A: An expense or an outlay is the amount that is incurred by an entity to generate income and to manage…

Q: Give two examples of using annuities

A: Introduction: An annuity is an insurance contract issued and sold by a financial institution, whose…

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A: What are Vostro Account and Nostro Account

Q: Define prepaid accounts? Give example?

A: Prepaid account: It is an account which records the prepayment transactions. From the buyer’s point…

Q: what is accounts payable?

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: how to understand the characteristics of letter of credit

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

Q: Cullumber College pooled the individual investments of three of its funds on December 31, 2024. The…

A: Journal entry records the accounting transactions of a business in a journal book. All the business…

Q: Explain an example of prepaid expenses.

A: Definition:   Prepaid expense: Expenses of future period are paid in advance. These expenses are…

Q: nd Other expenses amount

A: Other expenses is the difference between the net income and remaining operating expenses Drawing is…

Q: hello,please when I want to do a credit scoring based on the ESG factors which excell informations…

A: ESG stands for Environmental, social, and governance. These are the 3 key pillars that are…

Q: how do you do paycheck calculations

A: Paycheck means the payment of the salary or wage to employee. A paycheck is a traditional document…

Q: You have DR shown but where is the credits?

A: Double entry system of bookkeeping:   Under this system one account is debited and other is…

Q: Definition of granting credit and give examples and illustrations

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Q: Mention the key features of the Income and Expenditure Account.

A: Lets understand the basics. Income and expenditure account is a account prepared for non trading…

Q: Please elaborate, what this statement means – “Debit the Receiver, Credit the Giver”.

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Q: WHAT ARE THE MAIN DOCUMENTS USED FOR PAYDAYLOAN ?

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A:

Q: What is accounting explain briefly?

A: Accounting is a broad term and it also has many branches like Cost accounting, Management…

Q: Explain how to record note payable transaction.

A:

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Q: What is an invoice?

A:

Q: State the meaning of Receipt and Payment Account.

A: Receipt and Payment Account: Receipt and payment Account is a summary of Cash book. Only…

Q: benefits account holders and borrowers for the Super Saver Account

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Q: Identify and explain credit scores and credit reports including accessing them

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Q: Please explain what this phrase means: "Debit the Receiver, Credit the Giver."

A: Accounts are mainly classified into 3 categories: Personal accounts Real accounts Nominal accounts…

Q: Explain how to do time value and money calculations.

A: Time value of money: The time value of money is the concept states that. the money received today is…