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lana [24]
3 years ago
7

Naomi is preparing the company’s cash budget. when preparing the cash receipts section, she included cash sales, receipts of int

erest, receipts of dividends, and proceeds from planned sales of plant assets. what error did naomi make? will cash receipts be too high or too low as a result of this m
Business
1 answer:
sergij07 [2.7K]3 years ago
6 0

The error of Naomi is that she included the receipts of interest, receipts of dividends, and proceeds from planned sales of plant assets in the cash receipts section. This section would only include the cash sales and collection of accounts receivable with the forecasted sales per month of the company. As a result of this error, the cash receipts would be too high. 

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Self esteem is the part of self concept that involves evaluations of ?
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Answer:

the mind

Explanation:

answered already

7 0
3 years ago
Domestic market centers are geographical areas that sell household linens.
bagirrra123 [75]
The correct answer is false.


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4 0
3 years ago
Last year, Hampton Corporation had sales of $1,855,000. The firm's costs of goods sold amounted to 70% of sales. Hampton also pa
jeka57 [31]

Answer:

Tax Liability = $74,550

Explanation:

Particular                                   Amount

Sales                                             $1,855,000

Less: COGS(70% of sales)           <u>$1,298,500</u>

Gross Profit                                   $556,500

Less: Operating expenses           <u>$225,000</u>

Operating profit                            $331,500

Add: Taxable dividend income    $40,000

Add: Capital gain                           $10,000

Less: Interest Expenses                <u>$26,500</u>

Net Taxable Income                      $355,000

Tax rate = $355,000 * 21%  

Tax Liability = $74,550

Note: 21% is the Tax rate approved by the Tax cuts and Job Acts of 2017.

3 0
3 years ago
A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri
oksano4ka [1.4K]

Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

  sales                    = nil

-variable expenses= <u>nil</u>

contribution              = nil

- fixed expenses      = <u>56,000</u>

NET LOSS              = <u> (56000)</u>

.

NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

.

.

Thus increase in loss would be 56000- 50,000=6000

6 0
3 years ago
The ________ is determined by the amount by which government spending exceeds government revenue in a fiscal year. budget defici
Amiraneli [1.4K]

The answer to this question is Budget Deficit. Budget Deficit shows that the government spending is exceeding the government revenue in a year. In order to resolve the problem in budget deficit the government should cut the expenditures or the government spending and find a way to increase revenue of the country.

8 0
3 years ago
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