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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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Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufactu
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Answer:

Courts Distributors and Eastinghouse Corporation

Dispute over Contract Price

The two parties have a legal contract.  The contract was established when Courts requested Eastinghouse to send the refrigerators and bill later.

The exact price for the contract is in dispute.  This dispute can be resolved between the parties.  Reference to the market price will help resolve the dispute, otherwise, the parties may seek alternative dispute resolutions, like litigation, mediation, or arbitration.

Explanation:

a) Data and Analysis:

Eastinghouse's invoice price for the refrigerators = $140,000

Courts' adopted market price = $120,000

b) Since Courts' reference to the price is with regard to the wholesale market price, it may be that Eastinghouse quoted the retail price instead.  Since Courts is a distributor, it has the right to be charged a wholesaler's price and not a retailer's.  Therefore, we can conclude that after due reference to the prevailing market price of similar refrigerators, the two parties may agree to a price of $120,000 or a little higher.

7 0
2 years ago
Winona and Hubert need to decide which one of them will take time off from work to complete the rather urgent task of shearing t
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Answer: Winona has the lowest opportunity cost of completing the task.

Explanation:

Based on the information given in the question, the opportunity cost will be calculated as:

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Therefore, for Winona, the opportunity cost will be:

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For Hubert, the opportunity cost will be:

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5 0
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Bob's best friend Mike turns 25 next week. Bob decided to purchase Mike a tablet device/e-book reader as a present. Because Bob
elixir [45]

Answer:

C. Internal search

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The situation in which a consumer or an individual refers to his own memory or recollection for a product, where the individual selects from alternative options from his or her memory is known as Internal search. In this scenario, given his personal experience with personal computers and consumer electronic devices, Bob is able to refer to his own memory for various brand options he feels is the best and want to purchase from.

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(last word) based on economic theory and research on tuition costs and student borrowing, the best way to reduce tuition costs f
Rina8888 [55]

Answer:

Increase Subsidies for student loans.

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By increasing subsidies on student loan, student can acquire higher loans to pay off tuition fees because they are sure of paying back less loan and lesser interest on the loans.

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2 years ago
2.- Se hicieron compras de materia prima por $ 50,000.00 más IVA que se pagaron como sigue:
cestrela7 [59]

no entendi nadita pero que larga tu prwgunta

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3 years ago
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