1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murljashka [212]
3 years ago
9

Fenton Manufacturing Company at June 30: Cash in bank account $ 6,455 Inventory of postage stamps $ 74 Money market fund balance

$ 12,400 Petty cash balance $ 350 NSF checks from customers returned by bank $ 867 Postdated checks received from customers $ 391 Money orders $ 257 A nine-month certificate of deposit maturing on December 31 of current year $ 8,000 Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
Business
1 answer:
Dmitrij [34]3 years ago
5 0

Answer:

$19,462

Explanation:

The computation of the cash and cash equivalent is shown below:

= Cash in bank account + Money market fund balance + petty cash balance + money orders

= $6,455 + $12,400 + $350 + $257

= $19,462

It includes only cash in bank account, balance in money market, petty cash balance and the money orders

All other information which is given is not relevant. Hence, ignored it

You might be interested in
Use the table to answer the question.
jarptica [38.1K]

The growth rate of Nominal  GDP from 2007 to 2008 is 100%.

Nominal GDP is the gross domestic product of a country that is calculated using current year prices. It included real GDP and inflation.

Growth rate in GDP = (nominal GDP in 2008 / nominal GDP in 2007) - 1

Nominal GDP in 2007 = (60 x 100) + (15 x 20)

= $6000 + $300

= $6,300

Nominal GDP in 2008 = (60 x 200) + (12 x 50)

$12,000 + 600

= $12,600

Growth rate = ($12,600 / 6,300) - 1 = 100%

Please find attached an image of the table used in answering this question. To learn more about GDP, please check: brainly.com/question/25780486

5 0
2 years ago
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
tangare [24]

Answer:

a. What is the MRP?

marginal revenue product = marginal product of labor x marginal revenue per output unit

MRP = 1,500 packages x $0.10 per package = $150

marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)

The company should add the delivery truck because MRP is higher than MRC.

b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?

MRP = $150 (doesn't change from question a)

MRC = $200 (the cost of renting the delivery truck)

The company should not add the delivery truck because MRP is less than MRC.

c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?

MRP = 750 packages x $0.10 per package = $75

MRC = $100

The company should not add the delivery truck because MRP is less than MRC.

7 0
3 years ago
Al Darby wants to withdraw $20900 (including principal) from an investment fund at the end of each year for five years. How shou
labwork [276]

Answer:

$20,900 times the present value of a 5-year, 11% ordinary annuity of 1’

Explanation:

For computing the required initial investment we considered the following information

Withdrawn amount = $20,900

Time period = 5 years

Rate of interest = 11%

in mathematically,

= Withdrawn amount  × Present  value of a 5-year, 11% ordinary annuity of 1’

By this formula we can get the required initial investment

4 0
3 years ago
The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution wareho
natta225 [31]

The most appealing approach to diminish or take out the effect of paying duties on sets imported to an organization's dispersion distribution center in Europe-Africa is to raise the organization's offering cost of footwear in Europe-Africa by everything of the tax and pass all tax costs along to the buyers of the organization's footwear, this system has the upside of totally taking out the organization's presentation to import taxes in Europe-Africa.

6 0
3 years ago
Yoshi operates a shoe store as a sole proprietorship. However, he is in poor health and may be unable to continue running the bu
Shalnov [3]

Answer:

A. ceases to exist unless sold or taken over by Yoshi's heirs. 

Explanation:

A sole proprietorship is a from of business which is owned by one person. The owner is usually the decision maker.

One of the disadvantages of sole proprietorship is lack of continuity. The business usually ends when the owner dies. Although , family members can take over running the business.

I hope my answer helps you.

6 0
3 years ago
Other questions:
  • ________ refers to setting price based on buyers' perception of value rather than on the seller's cost.
    15·1 answer
  • As discussed in your textbook, the list of calls for police service in long beach, california, shows which type of call for serv
    9·1 answer
  • Which part of the final report examines in detail the underlying causes of problems, issues, and successes relative to the proje
    13·1 answer
  • May Co. prepared an aging of its accounts receivable at December 31, 2007 and determined that the net realizable value of the re
    14·1 answer
  • f the supply of labor increases, which of the following events will occur? The wage rate will fall and firms will decrease emplo
    13·1 answer
  • Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount
    14·1 answer
  • What kinds of decisions should members of congress be willing to anger their party leadership over? on what kinds of issues or d
    9·1 answer
  • You have an idea for a company that sources fruits from local farms and makes fresh juices on a daily basis. You want to start a
    7·1 answer
  • Guess thy song cuz ion know
    12·1 answer
  • The _____ prohibits the transfer of personal data to non-European Union nations that do not meet the European adequacy standard
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!