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goldfiish [28.3K]
1 year ago
11

Briefly explain how the total amount of cash reported on the balance sheet is computed.

Business
1 answer:
anastassius [24]1 year ago
4 0

The entire current assets are subtracted from the non-cash assets. The quantity of cash shown on the balance sheet is represented by this figure. Prior to including them in the report, add the cash and petty cash totals to simplify the balance sheet. The cash line of the balance sheet report should now reflect the combined sum.

An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.

A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or some other type of entity like a government or not-for-profit entity.

Learn more about balance sheet here

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Answer:

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In Statement Savings Account, the interest will be relatively low and there may be a possibility of restricted number of withdrawals.

In Statement Savings Account, the interest rate gained can either increase or decline overtime while putting into consideration the interests rate set by the federal reserve.

In Statement Savings Account,  a good number of this said savings investment offers debit cards which allows a customer to withdraw money via an ATM Machine or through electronic transfer.

In Statement Savings Account, there may be restrictions as regards the minimum account balance.

while

  • In Certificates of Deposit, there is a strict requirement of meeting a minimum account and not being able to execute withdrawals from the said account for a given duration.
  • In Certificates of Deposit, there is a significantly higher interest rate that that of a savings account.
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3 0
3 years ago
According to the path-goal theory, directive leadership will lead to higher employee satisfaction when there is ________ within
lakkis [162]

Answer:

The correct answer here would be Cohesiveness.

Explanation:

Path goal theory is a type of motivational theory, which tells about how leaders can motivate their subordinates in accomplishing the designated goals.  Here directive leadership will help in increasing employees satisfaction when there is cohesiveness with in a work group. Cohesion in the group means that people in the group are working in unity and works towards achieving the goals and also satisfying emotional needs of group members.

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Bering rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expect
eimsori [14]
<span>The expense would be $112,100. After putting 38,000 over 200,000 tons (38000/20000), dividing this would provide you with the percentage of rock removed. Which is 0.19, after which you would multiply this by 590,000 which would you bring you to the expense for removal.</span>
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3 years ago
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Likurg_2 [28]

Answer:

TRUE

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