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professor190 [17]
2 years ago
9

The new employee at Cork Manufacturing reported tp work and the employee reviewed the following information that was audited by

the CPA:
Cork Manufacturing
Consolidated Balance Sheet Worksheet
December 31, 20XX

Assets Total:

Cash.................................................................$600,000
Notes receivable.....................................$750,000
Investment company A.......................$800,000
Other assets................................................$900,000
Total assets.............................................$3,050,000

Liabilities and Equities

Accounts payable...............................$25,000
Notes payable.....................................$100,000
Common stock....................................$1,000,000
Retained earnings..............................$1,925,000
Total liabilities and equities.............$3,050,000

Note to Accountant: This statement was prepared in accordance to GAAP


Which of the following described the role of the new employee
a) Managerial accountant
b) Financial accountant
c) CEO
d) Manager—financial analysis
Business
1 answer:
dexar [7]2 years ago
3 0

Answer:

The correct answer is D

Explanation:

In this case, the new employee who reported to work, was given the responsibility to perform the review of the information on the balance sheet which was audited by the CPA.

So, here the role of new employee is described as the manager- financial analysis, who is responsible for the financial health of the organization or business, reviewing the financial data as well.

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Answer:

Correct option is C $6700

Explanation:

It is calculated that the net cash balance is $3,300. But, the minimum cash balance should be $10,000. The difference amount should be borrowed. Thus, $3,300 is deducted from $10,000. The amount to be borrowed by the company is $6,700.

8 0
3 years ago
The Commerce Department reported receiving the following applications for the Malcolm Baldrige National Quality Award: from larg
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Answer:

Categorical variable

Explanation:

Categorical variable are variables that are not numerical, take on values that are names or labels.It places the individual into a category, categorical variable is also called qualitative variable.

While quantitative variable is a numerical variable, they represent a measurable quantity i.e variables whose values result from counting or measuring something(measurement)

Therefore, the type of variable used here is categorical because the type of business will not be numerical.

4 0
3 years ago
Consider the following two goods: beer and hamburgers. The slope of the consumer’s budget constraint is measured by the
topjm [15]

Answer:

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5 0
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Terry owns an RV repair shop. Sue works in the office and also orders any parts needed to repair RVs.
Delicious77 [7]

Terry- entrepreneur; Sue- labor

8 0
3 years ago
Koby, age 16, works after school at FastFood from 4 p.m. until 11 p.m. On Friday night, therestaurant manager sees that Koby is
guapka [62]

Answer:

find answer in the explanation below

Explanation:

Koby is 16 and that means he is under age for a start. That initial statement makes Fastfood liable.

As it can be seen from the question, the golden rule applies to Koby's case as it is clear he has other things to do with his time.

Primarily, he is a student and that means he has school work to do alongside putting in some hours at Fastfood. But then, he still has the right to be treated right which in this case means him getting some rest. It is therefore safe to say that the manager of Fastfood is trying to take advantage of Koby and should have given him rest.

if he had gotten some rest, he wouldn't have fallen asleep while driving and been in the accident.

Cheers

7 0
2 years ago
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