The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
<h3>What are financial statement audits mostly focused on?</h3>
- In a financial statement audit, the auditor is able to determine with a reasonable degree of assurance whether there are no major misstatements in the financial statements.
- Cash can easily stolen or misplaced. As a result, it's critical to put internal controls in place to protect these assets and ensure that only authorized individuals have access to them.
- A fundamental internal control process is to deposit all cash receipts in the bank as soon as possible. Cash receipts are frequently deposited by businesses each day.
- The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
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Answer:
Attached below
Explanation:
Receivables balance = $196 million
Minimum cash balance = $20 million
Given data :
Q1 Q2 Q3 Q4
Sales $441 $513 $594 $558
Total cash disbursement 368 465 720 456
attached below is the cash budget for the company as required
Answer:
You should make sure the channel you choose is capable of creating lots of:
Time and place utilities.
Explanation:
Utility:
In business, utility is defined as the benefit or value that a customer gets from the product of a business.
- There are fours type of utilities which are: Time Utility, Form Utility, Place Utility and Possession Utility.
- Time Utility: This utility means that your product remain available to the customer at a time when the customer need it. Like if a customer wants the product available at night then it should be available.
- Place Utility: This utility means that the your product is available to the customer wherever the product is required. For example if a customer wants your product at a specific place then it should be available.
- In this questions, time and place utility were required from the manager.
Answer:
The price of the bond is $104.15
Explanation:
The price of the company's new two year debt is the present value of its future cash flows.
Since the debt pays coupon semi-annually the number of coupons payable over two years is 4 and pays par value with the fourth coupon.
Yield to maturity is 3.9%+0.8%=4.7%/2=2.35% (semi-annually)
coupon rate is 6.9%/2=3.45%
PMT=3.45%*100
PMT=$3.45
par value $100
nper=2*2=4
Using present value formula in excel
pv=(rate,nper,pmt,fv)
pv=(2.35%,4,3.45,100)
pv=$104.15
Answer:
D) $2,622
Explanation:
Daily costs
= ($8/meal x 3 meals/day x 2 people) + $45 + $190 + $25) = $308 daily costs
Total costs
= ($400 x 2) + 90 + 500 + (308 x 4 days)
Hence:
Total costs = 800 + 90 + 500 + 1,232
= $2,622
