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Natasha2012 [34]

2 years ago

10

Adjusting entries are made __________ of the accounting period to distribute revenue and expenses to the period in which they ar

e actually applicable.

1 answer:

forsale [732]2 years ago

5 0

Answer:at the end

Explanation:

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Widmer requires a minimum $15,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest

Marizza181 [45]

Answer:

Widmer's Cash Budget for January, February, and March

January:

Opening Balance - $15,000

Cash Receipts - $30,000

Less Payments - $38,500

Difference - $6,500

Loan - $8,500

Closing Balance - $15,000

February:

Opening Balance - $15,000

Cash Receipts - $87,000

Less Payments - $85,000

Less Interest on loan -$85

Difference - $16,915

Loan Repayment- $1,915

Closing Balance - $15,000

March:

Opening Balance - $15,000

Cash Receipts - $85,000

Less Payments - $65,000

Less Interest on loan -$65.85

Difference - $34,934.15

Loan Repayment- $6,585

Closing Balance - $28,349.15

Explanation:

In January, $6,500 cash balance necessitated the taking of a loan of $8,500 in order to bring it to $15,000 required minimum.

In February, 1% interest was paid on $8,500 loan. This gives $85. Part of the loan ($1,915) was repaid to maintain the cash balance at $15,000.

In March, the interest on loan was 1% on $6,585 $(8,500 -1,915) or the loan balance. This gives $65.85 as interest paid. The loan balance was also repaid because of the excess cash balance.

3 0

3 years ago

Which of the following questions would be permissible to ask during an interview with a candidate who is in a wheelchair?

faust18 [17]

Answer:

A

Explanation:

This seems the most reasonable depending on the interview....if it was for a job then you might need something that is not done with your legs

3 0

3 years ago

Which of the following statements about lump-sum taxes is correct A. A lump-sum tax means that tax revenues vary directly with G

Deffense [45]

D

Lump-sum taxes are described as regressive taxes, meaning that the more income one has, the less they pay in proportion of their income to tax. As a result, they all pay the same, which coincides with D.

3 0

3 years ago

For which of the following products is its manufacturer most likely to use intensive distribution? Multiple Choice Waterford cry

Sidana [21]

Answer: The correct answer is "Hershey chocolate bars".

Explanation: For Hershey chocolate bars its manufacturer most likely to use intensive distribution due to the characteristics of the product, which are of the edible type, of consumption and of the type of market in which it is competing, to maintain its competitiveness in the market it is necessary to use an intensive distribution.

5 0

3 years ago

Read 2 more answers

A firm has 25 senior and 26 junior partners. A committee of three partners is selected at random to represent the firm at a conf

Sergio [31]

Answer:

There are 18,525 ways to choose at least one of the junior partners to be on the committee.

Explanation:

If all partners can be chosen in any way the choices would be combinations of any 3 partners from all 51 partners. The number of ways to arrange it would be:

A = ${51 \choose 3} = \frac{51!}{3!(51-3)!} = 20,825$

The opposite of choosing at least one junior partner is to choose no junior partner. Those choices would be combinations of any 3 partners from 25 senior partners. The number of ways to arrange it would be

B = ${25 \choose 3} = \frac{25!}{3!(25-3)!} = 2,300$

So the number of ways to choose at least one of the junior partners to be on the committee would be: A - B = 20,825 - 2,300 = 18,525

6 0

3 years ago