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3 years ago

When was the word integer introduced?

1 answer:

8 0

The origin of the word integer dates back to the early 16th century. Back then, the word was used as an adjective meaning 'entire' or 'whole'. However, the word is composed of two Latin words 'in-' (expressing negation) and the root of 'tangere' (to touch) which were used separately ages before it came together we know it today.

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A company has a cash balance in their general ledger of "$4,000". On the bank statement they just received they see the followin

Oliga [24]

Current balance in the general ledger cash account is $5,320

Explanation:

General ledger

Opening balance $4,000

(Add)

A note collected by a customer $1,000

interest collected by a customer $40

NSF check from a customer $300.

------------------

$5,340

(Less) bank service charges $20

---------------

Balance in the general ledger

cash account is $5,320

current balance in the ledger cash account =

( $4,000+ $1000+ $40+ $300- $20= $5320)

$( $4,000+ $1000+ $40+ $300- $20= $5320)$

3 0

3 years ago

Lansbury Inc. had the following balance sheet at December 31, 2019.

timofeeve [1]

Answer:

See explanation

Explanation:

Requirement A

See the image Below:

Requirement B

LANSBURY INC.

BALANCE SHEET

As at December 31, 2020

Assets

Cash $37,000

Accounts receivable $41,600

Investment $20,400 (Note - 1)

Plant asset $81,000

Less: Accumulated depreciation ($11,000)

Book value of Plant asset $70,000

Land $53,000

Total assets $222,000

Liabilities and Stockholders' Equity

Liabilities

Accounts payable $30,000

Notes payable $25,000

Total liabilities $55,000

Stockholders' Equity

Common Stock $120,000

Retained earnings $ 47,000 (Note - 2)

Total stockholders' equity = $167,000

Total liabilities & Stockholders' Equity = $222,000

Note - 1:

Sold investment's cost value calculation -

Selling price = $15,000

Less: Gain on sale = ($3,400)

Cost price = $11,600

Investment during 2019 = $32,000

Sale of Investment (book value) $11,600

Remaining value of Investment = $20,400

Note - 2:

Beginning $23,200

Add: Net Income $32,000

Less: Dividend ($8,200)

Ending retained earnings = $47,000

Requirement C

1. Cash flow to net income ratio:

It shows how much cash flows from operating activities during the year over a specific net income.

We know, Cash flow to net income ratio = $\frac{Cash flow from operating activities}{Net Income}$

Cash flow to net income ratio = $\frac{19,200}{32,000}$

Cash flow to net income ratio = 60%

2. Operating cash flow ratio:

It shows how much cash flows from operating activities during the year from the use of current liabilities.

We know, Operating Cash flow ratio = $\frac{Cash flow from operating activities}{Current liabilities}$

Operating Cash flow ratio = $\frac{19,200}{30,000}$

Operating Cash flow ratio = 64%

Note: Here, accounts payable is the only current liabilities as notes payable has a long-term value.

8 0

4 years ago

The Cavy Company estimates that the factory overhead for the following year will be $250,000. The company calculated its Predete

notsponge [240]

Answer:

Overapplied overhead= $7,575 overapplied

Explanation:

First, we need to allocate overhead costs based on actual hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

Now, the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575 overapplied

5 0

3 years ago

Company A hired Nick as an agent and gave him a letter authorizing him to make purchases on behalf of the company. In a separate

Marizza181 [45]

Answer:

C. Company A is not bound by the contract because of illegality

5 0

3 years ago

as the price of good a rises as a result of a decrease in the supply of good a, the demand for good b rises. therefore, goods a

FromTheMoon [43]

Goods a and b are substitute goods.

<h3>What are Substitute goods?</h3>

Substitute goods are goods with similar characteristics that enables consumers or producers use them in place of one other in either the production or consumption process. An example of substitute goods are black pens and blue pens.

if the price of one of the goods in the substitute pair increases, the demand for the substitute increases and if the price of one of the substitute good reduces, the demand for the substitute increases. Thus, there is a positive relationship between the price of one of the substitute pairs and the demand for the other substitute pair, all things being equal.

To learn more about substitute goods, please check: brainly.com/question/26551927

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3 0

2 years ago