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dolphi86 [110]
3 years ago
11

Riverside Fertilizer Co. owns the following assets at the balance sheet date: Cash in the bank—savings account $ 8,000 Cash on h

and 1,100 Cash refund due from the IRS 1,000 Checking account balance 12,000 Postdated checks 500
What amount should be reported as Cash in the balance sheet?
Business
1 answer:
Vlada [557]3 years ago
4 0

Answer:

The correct answer is $21,100.

Explanation:

According to the scenario, computation of the given data are as follows:

We can calculate the reported cash amount by using following formula:

Reported cash amount = Cash in bank + Cash on hand + Checking Account balance

Where,Cash in bank - savings account = $8,000

Cash on hand = $1,100

Checking Account balance = $12,000

So, Reported cash amount = $8,000 + $1,100 + $12,000

Reported cash amount = $21,100

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Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets
nadya68 [22]

Answer:

$ 49,640

Explanation:

The question is asking for PLANNING BUDGET

Planning Budget does not in anyway mean flexible budget.

So the quantity of units for Planning Budget would be what the company budgeted that is 7,300 units

The next step in the solution to the question will be to know the cost per unit. For Direct Labor the price given is $ 6.80 per unit

Total Direct Labor for May in the planning budget would be 7,300 X 6.80 = $ 49,640

6 0
3 years ago
in a class of p student the average mark is n and in another class of q student the average mark is n. calculate the average mar
lesantik [10]

Answer: The average mark is n.

Explanation: The average mark is a average of averages. The average mark of class of p student is n, and q student is n, so n+n/2= 2n/2=n.

4 0
2 years ago
Who in the u.s. is responsible for maintaining money's purchasing power? the senate congress the board of governors of the feder
kkurt [141]

the board of governors of the federal reserve system

3 0
3 years ago
Frictional unemployment is the result of Group of answer choices
Mrac [35]

Answer:

4. the normal process of jobs being created and destroyed.

Explanation:

Frictional unemployment is unemployment that is related to switching of jobs also called transitional unemployment. It occurs when workers leave jobs and get jobs as a result of normal labor tunover in a healthy economy.

In a growing economy frictional unemployment is the lowest type of employment bad there are abundant opportunities for workers.

Quitting a job is a voluntary type of frictional unemployment, while when an employee bis fired it is involuntary type of frictional unemployment.

8 0
3 years ago
All of the following assets will be included as intangible assets on the balance sheet exceptA. patents.B. copyrights.C. investm
Damm [24]

Answer:

investments.

Explanation:

Intangible assets are assets that cannot be physically seen. Example of intangible assets are parents, copyrights, goodwill, trademark etc

I hope my answer helps you

4 0
3 years ago
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