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2 years ago

When there are differences between the cash balance per bank and the cash balance per books, this is due to:____.

1 answer:

6 0

When there are differences between the cash balance per bank and the cash balance per book, this is due to the Bank reconciliation statement.

The key difference between cash book balance and bank statement balance is that cash book balance shows the cash balance recorded in a company's cash book while bank statement balance is the cash balance recorded by the bank in its bank records. is.

Such fees and charges are charged to the savings cash balance book, but no entry is made in the cash book unless the company receives the savings book from the bank and records these entries. This creates a difference between the two balances.

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What is the main reason that firms eventually encounter diseconomies of scale as they keep increasing the size of their store or

nexus9112 [7]

Answer:

The correct answer is option B.

Explanation:

Diseconomies of scale refer to the situation when a firm reaches that stage where increasing output causes the average cost of production to increase instead of decreasing.

This stage comes after the firm has reaped the economies of scale. Diseconomies can arise because of external as well as internal factors.

The main reason behind the diseconomies is that as the firms become increasingly large, it becomes difficult to efficiently coordinate production.

With large scale production, overcrowding of machines and workers create a mismatch and causes the cost to increase. Also with large scale communication between workers and departments become less effective. All these make it difficult to coordinate the production process.

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3 years ago

Value Added Inc. buys $1 million of sow’s ears at the beginning of January but doesn’t pay immediately. Instead, it agrees to pa

mamaluj [8]

Answer:

a. What is the firm’s net income in February?

net income = revenue - costs = $2,000,000 - $1,000,000 (only cost given) = $1,000,000

b. What is its net income in March?

$0, the company didn't sell anything during March

c. What is the firm’s net new investment in working capital in January?

net working capital = current assets - current liabilities = $1,000,000 (inventory) - $1,000,000 (accounts payable) = $0

d. What is its net new investment in working capital in April?

net working capital = current assets - current liabilities = $0

It changed accounts receivables for cash, they are both current assets.

e. What is the firm’s cash flow in January?

$0, it didn't pay anything during January

f. What is the firm’s cash flow in February?

$0, it didn't pay anything during February

g. What is the cash flow in March?

-$1,000,000 since it paid its accounts payable during March

h. What is the cash flow in April?

$2,000,000 since it collected its accounts receivables during April

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3 years ago

Charlotte is declared mentally incompetent by a court and is unable to participate as a partner in Aflac Enterprises c partnersh

KatRina [158]

I think it’s C

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3 years ago

On a hot summer day, a construction worker enters a mcdonald's fast-food restaurant. he orders the first big mac. he consumes it

sergij07 [2.7K]

In the situation above, the construction worker could be described or has experienced a diminishing marginal utility. The diminishing marginal utility happens when an individual has consumed a lot of product or in other words, has an increase of product consumption in the same time the person has a constant consumed on other products. If this happens, there will be a decrease in marginal utility, causing the diminishing marginal utility which has happened in the situation above.

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3 years ago

Explain what ""market value of a corporation"" means. How does that compare to the ""book value"" of a corporation?

lidiya [134]

Answer:

Market value of a corporation is its value according to the stock market. Book value on the other hand is the difference between assets and liabilities of a corporation.

Explanation:

The market value of a corporation is the value attributed to it by the financial market. It is calculated by multiplying the price of each share by the number of outstanding shares.

The book value is the value of the corporation if the assets are liquidated and liabilities are paid off. It is calculated by finding the difference between assets and liabilities.

If the market value of a corporation is greater than its book value it means the market does not believe that the company is worth what it has mentioned in its book value.

If the market value is higher than the book value, it indicates that the market has confidence in the corporation's ability to generate earnings in the future.

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4 years ago