Answer:
More info needed. (See Explanation):
Explanation: Needed more info to be solveable.
Answer:
Throughout the clarification segment below, clarification including its concern is defined.
Explanation:
- A member of staff from either the parent organization would have working information on the policy changes but instead decisions of the organization, work ethics, and economic output, and therefore can help make sure compliance with company directives.
- An employee from either the parent organization would have a greater understanding of the business and therefore will guarantee that perhaps the laws of the organization being observed.
Answer:
Statement of Cash Flows (Direct Method)
For Year Ended December 31, 2020
Particulars Amount
Cash Flows from operating activities:
Cash Receipts from:
Customers ($50800+ $190100) $240,900
Dividend Revenue $18,800 $259,700
Less: Cash payments:
For Interest -$10,000
For Income Taxes -$16,900
To suppliers for Merchandise -$115,600
For Salaries and wages -$57,100
For Operating Expenses -$28,300 -<u>$227,900</u>
Net Cash provided by operating activities <u>$31,800</u>
Answer:
Collection float
Explanation:
Collection float is defined as the time interval between check payment made into a bank and the time the payment is cleared and credited to the beneficiary.
It is also caused when check payment received are not yet deposited or checks posted by customer but it is not yet received.
It is a major factor of discrepancy between the bank statement and the cash book record .
