Which approach is a positive way to deal with conflicts?

Swifty Company has just received the August 31, 2020, bank statement, which is summarized below.

OverLord2011 [107]

Answer:

A. Correct cash balance $15,396

Correct cash balance $15,396

B. Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

Explanation:

A. Preparation of a bank reconciliation dated August 31, 2020

Bank reconciliation

Balance as per bank statement august 31, 2020 11,170

Add Cash on hand $428

Add Deposit in transit $5,248

Less: Outstanding checks ($1,450)

Correct cash balance $15,396

Balance as per books august 31, 2020 (13,879+48,335-48,208) $14,006

Add: note and interest collected $1,436

Less:Bank service charges ($28)

Less Understated for supplies ($18)

($165+$147)

Correct cash balance $15,396

B. Preparation of the adjusting entries.

Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

($1,436-$55)

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

($165+$147)

5 0

3 years ago

To minimize the temptation for managers to act in their own self-interest, governance mechanisms exist for implementation consid

soldier1979 [14.2K]

Answer:

A board of directors that act in the best interests of the shareholders to create long term value.

Explanation:

Sarbane oxley acts is a law law that was created to protect the interest of every shareholder . One of its requirement is a good composition of the board of directors considering their skills and independent requirement. It also emphasize the need for strong compliance with ethical standard in the interest of the shareholders.

Therefore , one of the key responsibilities of the board of directors is to act in the best interests of shareholders to create long term values. By so doing , managerial behavior will be monitored for compliance to ethical standard

3 0

3 years ago

Labor, as a factor of production, relates only to the production of manufactured goods; services are not included. true or false

loris [4]

It is a false statement that Labor relates only to the production of manufactured goods and that services are not included.

<h3>What is a Labor?</h3>

This is a factor of production that involves individuals & machines that helps to they produce a good or service for a firm.

The reward for a Labor as a factor of production is known as Wages and Salaries.

Therefore, the statement is false because Labor helps in production of both the goods and services.

Read more about Labor

<em>brainly.com/question/17518033</em>

#SPJ1

5 0

2 years ago

The Asian Garden, a local Thai restaurant, expects sales to be $ 285,000 in January. Its average customer restaurant bill is $

Alex_Xolod [135]

Answer:

a. How much of the total sales revenue is expected to be paid incash?

$855,000

b. How many customer transactions does the company expect inJanuary?

19,000

c. How much of the total sales revenue is expected to be paid with credit cards?

$171,000

d. How many customer transactions will be paid for by customers using creditcards?

11,400

e. When budgeting for January's operating expenses, how much should the restaurant expect to incur in credit card transactionfees?

$10,260

f. How much of the total sales revenue is expected to be paid with debit cards?

$57,000

g. How many customer transactions will be paid for by customers using debitcards?

3,800

h. When budgeting for January's operating expenses, how much should the restaurant expect to incur in debit card transactionfees?

$2,660

i. How much money will be deposited in the restaurant's bank account during the month of January related to credit and debit card sales? Assume the credit and debit card issuers deposit the funds on the same day the transactions occur at the restaurant(there is no processing delay).

$215,080

j. What is the total amount of money that the restaurant expects to deposit in its bank account during the month of January from cash, credit card, and debit card sales? Again assume the credit and debit card issuers deposit the funds on the same day that the transaction occurs.

$272,080

Explanation:

total sales $285,000 / $15 = 19,000 customers

cash sales = $285,000 x 20% = $57,000
credit cards = $285,000 x 60% = $171,000
debit cards = $285,000 x 20% = $57,000

credit card fees = (11,400 x $0.60) + ($171,000 x 2%) = $10,260

debit card fees = (3,800 x $0.55) + ($57,000 x 1%) = $2,660

8 0

3 years ago

Majid Corporation sells a product for $195 per unit. The product's current sales are 42,300 units and its break-even sales are 3

evablogger [386]

Answer:

$1,389,375

Explanation:

Data provided as per the question:-

Product per unit = $195

Current sales = 42,300 units

Break-even sales = 35,175 units

The computation of margin of safety in dollars is shown below:-

Margin of safety (in units) = Total sales - Break-even sales

= 42,300 - 35,175

=7,125 units

Margin of safety (in dollars) = Margin of safety × Product per unit

=(7,125 × $195)

= $1,389,375

5 0

3 years ago