Answer:
The adjusted bank and book balance is shown below:-
Explanation:
The computation of the adjusted bank and book balance is given below:-
Bank statement balance Book balance
Opening balance $26,960 $26,620
Add: Transit Deposit $3,000 Earned Interest $150
Less: Outstanding check 4000 Error on check $810
($4,900 - $4,090)
Adjusted Balance $25,960 $25,960
Answer:
Break-even point (dollars)= $431,200
Explanation:
Giving the following information:
Selling price= $56 per unit
Unitary variable costs= $46
Fixed costs= $77,000
<u>To calculate the break-even point in sales, we need to use the following formula:</u>
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 77,000 / [(56 - 46) / 56]
Break-even point (dollars)= $431,200
Answer:
The correct answer is letter "D": decrease, exports decrease, and U.S. net exports are unchanged.
Explanation:
Imposing tariffs may have negative consequences for a country. Typically, this option is taken when the government tries to boost the purchase of domestic products but the countries imposed the quotas impose some other tariffs as well for retaliation. <em>Both exports and imports of those countries are likely to decrease</em> in that case since products become more expensive.
The net exports are calculated by subtracting the total of imports from the total of exports of a country. Under the scenario explained above, under a trade war, the <em>net exports will remain unchanged </em>since both imports and exports will decrease. For a change, only one of them must vary.
Answer:
The zero-based budget ensures that every dollar you make is assigned a specific purpose
Explanation:
Zero-based budge: It is also known as "zero-sum budget".
It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.
Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.
That is, in zero based budgeting,
Income - expenditure= zero (0).
In other words,
income= expenses
