Answer:
b. $ 14,000
Explanation:
In the cash section of balance sheet, it includes cash on hand, cash in check accounts and normal deposit with term lower than 3 months.
Thus in this case, the cash should be reported in the statement = Cash in Bank - checking account of $13,500 + Cash on hand of $500 = $14,000
Post-dated checks received totaling $3,500 is a check on which the issuer has stated a date later than the current date, so it is not reported in current position
Certificates of deposit totaling$124,000 is reported in investment (short term or long term subject to the tenor of deposit)
Answer:
$313
Explanation:
In order to divide the insurance bill between the seller and the buyer, we must first determine the insurance cost per month. We first divide the total premium by 12 months = $578 / 12 = $48.17 per month.
The seller is responsible for paying insurance during June, July, August, September and half of October (15 days). So the seller's share of the bill = 5.5 months x $48.17 = $264.92 ≈ $265
So the buyer owes the seller the difference between the total premium paid and $265 = $578 - $265 = $313
What is the Tallo community?
Answer:
$99,600
Explanation:
If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...
$91,800 + $7,800 = $99,600
The correct net income for 2022 is $99,600
Answer:
- Establishing a code of ethics
- Referring ethical dilemmas to an ethics committee
<u>Explanation:</u>
Consider, by establishing a code of ethics it allows corporations to prevent their employees from making excuses for any ethical violation. Furthermore, when referring ethical dilemmas to an ethics committee is made available to employees by corporations it allows their employees to easily get the right information about how to behave ethically.
