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3 years ago

What is an outstanding check?

1 answer:

3 0

<span>An outstanding check is a check issued by the payor and released to the payee that remains to be undeposited or uncashed check at a certain financial period. When reconciling the bank statements with company books, an outstanding check is deducted from the unadjusted bank balance to arrive at the adjusted bank balance. </span>

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Meeting the needs of the present through economic development without compromising the needs of future generations to meet their

Veseljchak [2.6K]

Answer:

Sustainability.

Explanation:

Sustainability intends on addressing current requirements, without undermining future generations to fulfill their needs. The notion of sustainable development consists of three key elements including economic, social, and environmental which correspond to three P's that are Profit, people, and planet respectively. It is a complex process that expands the objectives of businesses from immediate profit to future-oriented goals like energy conservation, work, and safety measures in an organization, etc.

3 0

3 years ago

kim buys a treadmill with a faulty latch. when thinking about her rights as a consumer, kim is most likely concerned about

nlexa [21]

In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.

<h3>What is consumers right?</h3>

This is known to be the Right to Choose from any goods and services of one's choice.

Note that there are a different kinds of quality products and services at competitive prices and as such, In the above scenario, Kim is most likely concerned about quality and price of the product to replace the faulty one.

Learn more about right from

brainly.com/question/19681204

#SPJ1

3 0

2 years ago

Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for

stellarik [79]

Answer:

Winslow Inc.

a. No. I do not agree with management's decision and conclusions. Eliminating the running shoes line increased the company-wide loss to $112,600 from a profit of $7,900.

b. Variable Costing Income Statements:

1 Cross Training Golf Shoes Running Shoes Total

2 Revenues $850,000 $700,000 $635,000 $2,185,000

3 Variable costs:

Cost of goods sold 284,500 248,400 298,500 831,400

Selling and administrative 293,100 175,500 216,000 684,600

Total 577,600 423,900 514,500 1,516,000

4 Gross profit $272,400 $276,100 $120,500 $669,000

5 Fixed costs:

Cost of goods sold 128,500 90,300 120,500 339,300

Selling & administrative 95,900 82,400 143,500 321,800

Total 224,400 172,700 264,000 661,100

6 Income (Loss) from $48,000 $103,400 $(143,500) $7,900

c. Eliminating the line only eliminated the variable costs of goods sold and selling and administrative expenses. The fixed costs were not changed with the elimination. Therefore, eliminating the running shoes line increased the company-wide loss to $112,600 from a profit of $7,900.

Explanation:

a) Data and Calculations:

Winslow Inc.

Product Income Statements—Absorption Costing

For the Year Ended December 31, 20Y1

1 Cross Training Golf Shoes Running Shoes Total

2 Revenues $850,000 $700,000 $635,000

3 Cost of goods sold 413,000 338,700 419,000

4 Gross profit $437,000 $361,300 $216,000

5 Selling & administrative

expenses 389,000 257,900 359,500

6 Income (Loss) from $48,000 $103,400 $(143,500)

1 Cross Training Golf Shoes Running Shoes Total

2 Revenues $850,000 $700,000 $635,000 $2,185,000

3 Variable costs:

Cost of goods sold 284,500 248,400 298,500 831,400

Selling and administrative 293,100 175,500 216,000 684,600

Total 577,600 423,900 514,500 1,516,000

4 Gross profit $272,400 $276,100 $120,500 $669,000

5 Fixed costs:

Cost of goods sold 128,500 90,300 120,500 339,300

Selling & administrative 95,900 82,400 143,500 321,800

Total 224,400 172,700 264,000 661,100

6 Income (Loss) from $48,000 $103,400 $(143,500) $7,900

Eliminating the running shoe line:

1 Cross Training Golf Shoes Total

2 Revenues $850,000 $700,000 $1,550,000

3 Cost of goods sold:

Variable costs 284,500 248,400 532,900

Fixed costs 128,500 90,300 339,300

Total 413,000 338,700 872,200

4 Gross profit $437,000 $361,300 $677,800

5 Selling & administrative expenses:

Variable costs 293,100 175,500 468,600

Fixed costs 95,900 82,400 321,800

Total 389,000 257,900 790,400

6 Income (Loss) from $48,000 $103,400 ($112,600)

3 0

3 years ago

Physical or mental injuries caused by a crime are known as what?

maksim [4K]

Assault and battery because Battery is a criminal offense involving the unlawful physical acting upon a threat, distinct from assault which is the act of creating apprehension of such contact. In the United States, criminal battery, or simply battery, is the use of force against another, resulting in harmful, offensive or sexual contact.

5 0

4 years ago

Read 2 more answers

True or False: In the event of the firm's bankruptcy, the most shareholders can lose is their original investment in the firm's

KATRIN_1 [288]

Answer:

The answer is true.

Explanation:

Preference or preferred shareholders are synonymous to lenders to a business or company. Preferred shares are like debt to a business. They possess the characteristics of both debt and equity and in the case of liquidation, they have to be settled first. Common shareholders are the last shareholders to settled.

3 0

3 years ago