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Ber [7]
3 years ago
5

Sandy notices a dog tied to a chain behind a fence and recognizes it as belonging to an acquaintance who lives a couple of block

s away. Sandy goes to the acquaintance’s house and says, "Your dog is tied up in someone’s yard, and for $100 I will tell you where. The dog’s owner says, "No way! I can’t believe you won’t simply tell me where the dog is!" The dog’s owner drives around the neighborhood and finds the dog and retrieves it. The next day Sandy notices an advertisement in the paper where the owner offered a reward of $200 for information leading to the return of her dog. Sandy is:
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

Sandy is not entitled to any money.

Explanation:

Reasons:

  1. Sandy was unaware of the original offer for a reward.
  2. The dog's owner did not accept Sandy's own offer.
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The following data were accumulated for use in reconciling the bank account of Wolfpack Bread Inc. for August 20Y9:
Marizza181 [45]

Answer:

Adjusted bank account balance = Adjusted cash book balance = $34,500

Explanation:

Note: The correct requirement of this question is actually as follows:

Prepare a bank reconciliation.

It is not the ones erroneously stated in the question.

The bank reconciliation can now be prepared as follows:

Wolfpack Bread Inc.

Bank Reconciliation

August 31, 20Y9

Statement of Adjusted Bank Account Balance  

<u>Details                                                                       Amount ($)  </u>

Cash balance according to bank statement              33,580

Add:

Deposit in transit, not recorded by bank                    14,260

Less:

Checks outstanding                                                  <u>   (13,340)  </u>

Adjusted bank account balance                            <u>    34,500  </u>

Statement of Adjusted Cash Book Balance  

<u>Details                                                                       Amount ($)   </u>

Cash balance according to Wolfpack                         34,437

Add:

Check error ($762 - $276)                                              486

Less:

Bank service charges                                                     (144)

Other reconciling items (w.1)                                      <u>   (279)  </u>

Adjusted cash book balance                                    <u>  34,500  </u>

<u>Working:</u>

w.1: Other reconciling items = Cash balance according to Wolfpack + Check error ($762 - $276) - Bank service charges - Adjusted bank account balance = $34,437 + 486 - 144 - $34,500 = $279

7 0
2 years ago
The management of Elextric Corp., a computer manufacturing company, wants the employees in the organization to contribute to the
ziro4ka [17]

Answer:

<em>The management of Elextric Corp., a computer manufacturing company, wants the employees in the organization to contribute to the quality of the firm by making gradual, continuous improvements in their departments. Given this information, Elextric Corp. embraces an approach known as </em><em><u>Six </u></em><em><u>sigma</u></em>

<em>What</em><em> </em><em>is </em><em>Six </em><em>sigma?</em><em> </em>

<em>Six </em><em>sigma </em><em>refers</em><em> </em><em>to </em><em>a level quality that is near perfection.</em><em> </em><em>It </em><em>strives </em><em>for </em><em>a </em><em>detect </em><em>level </em><em>that </em><em>is </em><em>no </em><em>more </em><em>than </em><em>3</em><em>.</em><em>4</em><em> </em><em>parts </em><em>per </em><em>million</em><em>.</em><em> </em><em>As </em><em>a </em><em>methodology</em><em>,</em><em> </em><em>Six </em><em>sigma </em><em>refers </em><em>to </em><em>DMA</em><em>I</em><em>C </em><em>or </em><em> </em><em>D </em><em>M </em><em>A </em><em>I </em><em>C </em><em>a </em><em>methodology</em><em> </em><em>for </em><em>improvement</em><em> </em><em>named </em><em>after </em><em>its </em><em>five</em><em> </em><em>phases </em><em>of </em><em>d</em><em>efine</em><em>,</em><em> </em><em>measure,</em><em> </em><em>analyze,</em><em> </em><em>improve,</em><em> </em><em>and </em><em>control.</em>

3 0
2 years ago
Yan Yan Corp. has a $10,000 par value bond outstanding with a coupon rate of 4.8 percent paid semiannually and 22 years to matur
Shalnov [3]

Answer:

$10,856

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond.

According to given data

Face value of the bond is $10,000

Coupon payment = C = $10,000 x 4.8% = $480 annually = $240 semiannually

Number of periods = n = 22 years x 2 = 44 period

YTM =  4.2% annually = 2.1% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $240 x [ ( 1 - ( 1 + 2.1% )^-44 ) / 2.1% ] + [ $10,000 / ( 1 + 2.1% )^44 ]

Price of the Bond = $6,848.64 + $4007.4 = $10,856.04

4 0
3 years ago
Texas ranks in terms of state spending per capita and it ranks in terms of how much money it gets from the federal government
Taya2010 [7]

The given statement " Texas ranks in terms of state spending per capita and it ranks in terms of how much money it gets from the federal government " is TRUE

Explanation:

In 2007, the State spending per capita, fiscal 2007, ranked Texas among 50 States in per capita policy (expenditures) revenue.

i. $ 3,831.00B/2007

Texas is the 43rd largest state and federal government on total per capita general spending.

Texas has been a low-cost country for a long time, often to the exclusion of the most needed services. Public education as well as health care and human services are the two biggest areas of government spending, collectively accounting for over half of all all-funds and general income budgets. Nonetheless, Texas has a low level of spending per pupil and per patient in the field of health care.

3 0
3 years ago
Matrix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance
Bad White [126]

Answer:

Check the explanation

Explanation:

Cash flow from operating activities:  

Net income                                                                     $116

Adjustment to reconcile net income to cash basis:  

Depreciation expense ($359+1-347)                              $13

Gain on sale of equipment                                              (14)

Decrease in account receivable (40-39)                         $1

Decrease in inventory (44-43)                                          $1

Increase in account payable (30-26)                               $4

Decrease in accrued liabilities (18-15)                              (3)

Decrease in income tax payable (40-39)                         (1)

Net cash flow from operating activities                           $117

5 0
3 years ago
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