The correct answer is true
<span>1957.89
This is a simple matter of addition. They types of checks being deposited doesn't matter. And the difference between cash and checks also doesn't matter. All we need to do is add the original balance of the account plus all the deposits, both cash and checks. So we get:
278.91+865.98+623+60+130 = 1957.89</span>
Answer:
Explanation:
The main goal is to compare these two based on the same terms; present values. Find the present value of $500 today by discounting it using 10% interest rate over two years.
PV = FV/ (1+r)^n
where FV = Future value = $500
r = discount rate = 10% or 0.10 as a decimal
n = total duration of investment = 2
PV = $500/(1+0.10)^2
PV = $500/1.21
PV = $413.22
Since you are basing the decision on what you would rather pay, you would want a lower pay amount. The $425 is already in its present value terms and it is more expensive. Therefore, you would prefer to pay $500 in two years.
Answer:
A. Fictitious Sales in the Current Year
Explanation:
The Accounts receivable turnover is used to access a company's ability to make it debtor pay what they owe or ability to collect on the debts owed the company by customers.
Since the formula is Credit sales/ Receivables, a reduction in the accounts receivable turnover will mean an increase in receivables. The implication of this is that the Company is claiming that it is making more sales but since no cash or revenue is coming in, it is increasing the receivables instead. Large receivables will drive down the receivables turnover in the current period compared to the last.
If there are no fictitious sales, then sales should go up without a very sizeable increase in receivables at the end of the period.
Answer:
Variable expenses. I'm not sure
