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sweet-ann [11.9K]
3 years ago
7

The following information is available for Birch Company at December 31: Money market fund balance $ 2,910 Certificate of deposi

t maturing June 30 of next year $ 16,200 Postdated checks from customers $ 1,775 Cash in bank account $ 23,631 NSF checks from customers returned by bank $ 770 Cash in petty cash fund $ 320 Inventory of postage stamps $ 30 U.S. Treasury bill purchased on December 15 and maturing on February 28 of following year $ 11,200 Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:
Business
1 answer:
Natali [406]3 years ago
3 0

Answer:

$38,061

Explanation:

Calculation for the Cash and Cash Equivalents on December 31

Money market fund balance $ 2,910

Cash in bank account $ 23,631

Cash in petty cash fund $ 320

Treasury bill purchased $11,200

Total=$38,061

Therefore Birch Company should report Cash and Cash Equivalents on December 31 of: $38,061

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The company can manufacture either two food processors per machine hour or three espresso machines per machine hour. The​ compan
tekilochka [14]

Answer:

The contribution margin per machine hour is $150.

Explanation:

Note: The missing part of the question is

                  Food Processor Espresso Machines

Sales price           $125                 $225  

Variable costs      $50                  $150

Solution

Contribution Margin per Machine = Sales Price - Variable Cost

=$125 - $50

=$75

Contribution Margin =   Contribution per Machine ×  Number of Machines Produced in 1 Machine Hour

=  $75 * 2

= $150

​Thus, the contribution margin per machine hour for food​ processors is $150.

5 0
3 years ago
7. Write at least two policies that a company could use to decide which customers to offer credit to. (1-2 sentences. 2.0 points
Bas_tet [7]

Answer:

Competition tribunal

Competition commission

Explanation:

They protect the rights of the customers

6 0
3 years ago
firms should emphasize the importance of consistently good customer service to its employees so that good customer service becom
ipn [44]

Firms should emphasize the importance of consistently good customer service to its employees in order that good customer service becomes a part of the organizational culture.

Organizational culture is that the collection of values, expectations, and practices that guide and inform the actions of all team members. consider it because the collection of traits that make your company what it's. a good culture exemplifies positive traits that result in improved performance, while a dysfunctional company culture brings out qualities that may hinder even the foremost successful organizations. Organizational culture affects all aspects of your business, from punctuality and tone to contract terms and employee benefits. When workplace culture aligns together with your employees, they’re more likely to feel softer, supported, and valued. Companies that prioritize culture may also weather difficult times and changes within the business environment and are available out stronger.

Learn more about Organizational culture.

brainly.com/question/16049983.

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6 0
1 year ago
4. Suppose you have two credit cards. The first has a balance of $410 and a credit limit of $1,000. The second has a balance of
Morgarella [4.7K]
Number 4 is a number 5 is d
4 0
3 years ago
Read 2 more answers
A local theater company sells 1,500 season ticket packages at a price of $250 per package. The first show in the 10-show season
swat32

Answer:

Dr cash    $375,000

Cr unearned revenue      $375,000

Dr unearned revenue     $37,500

Cr revenue                                    $37,500

Explanation:

The total amount realized from the sale of tickets is  $375,000($250*1500)

However,the cash proceeds should be debited to cash while it is also credited to unearned revenue

The revenue from fulfilling the performance obligation=1/10*$375,000=$37,500

The $37,500 is debited to unearned revenue and credited to sales revenue as that amount has now been earned

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3 years ago
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