Answer:
C. $11,498.73.
Explanation:
Solving this question, we will have to make use of this formula:
The Adjusted Bank Balance = Unadjusted Balance as per Bank Statement as at Oct 31, 2015 - Checks Outstanding
= $12,956.73 - $2,112.19 = $10,844.54
Now,
Before the adjustment on the 31st of October, 2015,
The Cash account Balance = Adjusted Bank Balance + insufficient funds checks
= $10,844.54 - $654.19 = $11,498.73
Hence third option in the question is the correct answer.
Answer:
Brand differences are worth promoting if they satisfy following criteria.
*They should be meaningful for the customers. Customers should relate to them.
*Brand differences should be useful from the customer's point of view.
*They should be clearly different from the competitors.
*They should be easily communicable to the customers.
*They should be unique and exciting as well.
*They should be easily memorable too.
Answer:
a. $7, 283 net income
Explanation:
The debits in an income statement represents the expenses while the credit entries represent the income. As such, given;
Total debits = $20,303
Total credits = $27,586
Net income/(loss) = $27,586 - $20,303
= $7,283
Since the total credit (income) is more than the total debit, the net of the two balances result in a net income.
The answer is a. $7, 283 net income.
Answer:
The answer is 12%
Explanation:
Initial investment:
$5,000 in equity + $5,000 in debt
=$10,000
Number of shares bought with the initial investment is:
Initial investment/Stock price
= $10,000/$50 = 200 shares.
The shares increase in value by 10%: $10,000 x 0.10 = $1,000.
Interest on debt = $5,000 x 0.08 = $400.
The rate of return will be:
($1,000 - $400) ÷ $5,000
0.12
Expressed as a percentage:
12%
Answer:
The correct answer is A
Explanation:
Short term restrictive financing policy is the policy which is entails the low ratio of the current assets to the sales. This policy is grounded on the liabilities which are short term in nature.
In order to maintain the low ratio of the current assets to the sales, one needs to purchase or bought the inventory
