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3 years ago

Consider the following items:

Business

1 answer:

Verizon [17]3 years ago

8 0

Answer:

1. A) Gold coins

2. B) food stamp

3. Gold coins

Funds in a checking account

Funds in a savings account

100 shares of Google stock

Grocery Store Coupons

Food stamps

Explanation:

Money is legal tender that is generally acceptable for transaction within a geographical location mostly a country.

Gold coins is a form of money that is accepted it can be use for transaction immediately.

Funds in checking and savings accounts :-money is available but not in cash or coin, a card is needed to make of the money.

100 shares of google stock:- this is an investment that will yield dividend over a period of time, its not available for use at the moment.

Grocery store coupons is restricted to a specific grocery store and has no value outside.

Food stamp is not generally acceptable outside the designated points.

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Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month follow

hjlf

Jasper Company Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

<h3>Cash Receipts Budget for April, May, and June:</h3>

April May June Total

Cash Sales 30% $157,500 $160,500 $168,000 $486,000

Credit Sales 70% 400,000 367,500 374,500 1,142,000

Total $557,500 $528,000 $542,500 $1,628,000

Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500. The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500. The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000. The difference of 70% is received in July.

To learn more about cash receipts visit the link

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3 0

2 years ago

Of the following scenarios, which one is best suited to a non-linear presentation?

Aleksandr [31]

<span>C. A brainstorming session on new titles for a future publication series.</span>

7 0

3 years ago

Read 2 more answers

When you purchase shares of a company in the market, who are you buying those shares from?

leva [86]

Answer:

Investor

Explanation:

A stock is a speculation. At the point when you buy an organization's stock, you're buying a little bit of that organization, called an offer. Investors buy stocks in organizations they think will go up in esteem. On the off chance that that occurs, the organization's stock increments in esteem also.

Investor is a person who purchase shares of a company in the market.

3 0

3 years ago

At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year,

Shtirlitz [24]

Answer:

change in net working capital = $21,903

Explanation:

given data

beginning current assets = $121,306

beginning current liabilities = $124,509

end of the year current assets = $122,418

end of the year current liabilities = $103,718

solution

we get here working capital at beginning that is express as

working capital = Current assets - current liabilities ......................1

put here value we get

working capital = $121,306 - $124,509

working capital = -$3203

and now we get here working capital for end of year that is

working capital = Current assets - current liabilities ......................2

working capital = $122,418 - $103,718

working capital = $18,700

so now we can get change in net working capital that is difference between beginning and ending working capital

change in net working capital = $18,700 - (-$3,203)

change in net working capital = $21,903

8 0

3 years ago

The total fixed overhead variance is:a. the difference between actual and budgeted fixed overhead costs. b. the difference betwe

kondaur [170]

Answer:

a. the difference between actual and budgeted fixed overhead costs.

Explanation:

As we know that

The variance is shows the difference between the actual amount and the budgeted amount or estimate amount

So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature

Hence, the first option is correct

3 0

3 years ago