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MaRussiya [10]
3 years ago
7

When preparing the cash budget, all the following should be considered except: Group of answer choices Cash receipts from custom

ers. Cash payments for merchandise. Depreciation expense. Cash payments for income taxes. Cash payments for capital expenditures.
Business
1 answer:
seraphim [82]3 years ago
8 0

Answer: Depreciation expenses

Explanation:

When preparing the cash budget, the things to be considered are the cash receipts from customers, cash payments for merchandise, cash payments for income taxes and the cash payments for capital expenditures.

The depreciation expenses is not considered because cash is not involved and it is a contra entry.

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Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) record a liability, (b)
salantis [7]

Answer:

1. Huprey can resonably estimate that a pending lawsuit will result in damages of $1,280,000, it is probable that Huprey will lose the case.

  • Record a liability.  

2. It is reasonably possible that Huprey will lose a pending lawsuit. The loss cannot be estimable.

  • Disclose in notes.

3. Huprey is being sued for damages of $2,400,000. It is very unlikely (remote) that Huprey will lose the case.

  • Have no disclosure.

Explanation:

Contingent liabilities must be recorded only when it is probable that the liability will happen and you can estimate the associated costs.

When contingent liabilities are only reasonably possible or you cannot estimate the amount, they must be included in the footnotes of the financial statements.

When contingent liabilities are not reasonably possible, nothing needs to be disclosed.

7 0
3 years ago
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diamong [38]

Answer:

The main economic benefit that debt rescheduling has for developing countries is that it changes principal and interest payments to more favorable conditions.

This means that after the reschedule, developing countries will have to put less resources into the payments of public debt, which allows them to have more resources available for other public investments like education, healthcare, and infraestructure.

8 0
3 years ago
List four decision making techniques
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Command – decisions are made with no involvement.
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3 years ago
Anthony is putting together an employee group to help add new technology to his company's existing products. He is seeking emplo
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Answer:

True

Explanation:

True, but to achieve full success Anthony should manage his millennials properly. Despite being labeled as 'tech savvy, flexible, adaptable,  they need to feel their voices are being heard,  they're part of a team, so they will generate a stronger and stronger sense of commitment.

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2 years ago
As the volume of financing increases, the costs of the various types of financing will ________, ________ the firm's weighted av
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3 years ago
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