Answer:
Begining Cash 40,000
receipts from sales 255,000
payment to supplies (104,500)
payment of wages (40,000)
other cash expenses<u> (60,000) </u>
Ending Cash 90,500
Explanation:
raw materials disbursment for the month of september
80,000 x 35% = 28,000 for August purchases
110,000 x 65% = <u> 71,500 </u>for September purchases
Total payment 104,500
the depreciation and accrued expenses along with the interest payable (which are also a accrued expense) will not be included as they don't represent neither a cash inflow nor outflow.
Answer:
Doing their part
Explanation:
People need to always help out and never relie on sombody doing it for the,even if tht was the case they would never get the satisfaction of knowing they helpped partake in something (exuse me bad spelling)
Answer:
Option B.
Explanation:
A loss contingency refers to a charge to expense for what is considered to be a probable future event, such as an adverse outcome of a lawsuit. A loss contingency usually gives the person who is reading an organization's financial statements an early warning of a payment which is impending, and which is related to a likely obligation.
In the scenario presented above, we can see that Ultimate Company is involved in a lawsuit and might be expected to pay $3 billion, this reflects the situation of a loss contingency which should be disclosed in notes to Ultimate Company's financial statements.
Answer:
1. Reputation.
Apple and IBM are big companies which is why their reputation was able to survive the bribery charges. You are most likely not as big as either of these companies so if you are charged with bribery, your reputation might not be able to recover like theirs did.
It is always best to be associated with a good reputation. A good reputation gives you customers who will be loyal because they appreciate the integrity you have. You should not throw this away by bribing people.
2. Consequences.
It is because Apple and IBM are so big that they were able to settle the bribery charge with the Courts. Smaller companies or people that have lesser effects on the financial system might find that their punishments will be more severe to act as a deterrent.
