Answer:
Total= $65,100
Explanation:
Giving the following information:
Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000.
Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible.
Cash collection November:
November= 80,000*0.25= 20,000
From October= 66,000*0.6= 39,600
From September= 55,000*0.10= 5,500
Total= $65,100
Answer: a. Allow management to conserve cash, give stockholders more shares, and cause no change in total assets, liabilities, or stockholders' equity.
Explanation:
Stock Splits increase the number of shares a company without actually changing their market capitalization by simply dividing the shares available.
There are a bunch of reasons to do this but one of them is to conserve cash. By splitting stock, managers can conserve cash by not paying dividends but still proving that the company can still pay dividends. The Shareholders getting MORE stock would be the reward.
Since Stock splits don't change the Market Capitalization, they don't have an effect on Equity either and by extension Assets and Liabilities.
Answer: Physical safeguard & security, Accuracy, Segregation of duties, Handling errors
Explanation:
Internal control could be defined as the process of handling an organization accounting and auditing process with it's specified objectives in compliance with laws, regulations and policies.
Here are the four purpose of internal control;
a) Physical safeguard & security; this is to ensure that physical assets and information have a controlled asses, and it's not easily assessible by anyone.
b) Accuracy: this is to ensure that all transactions are accurate when records are checked with the source of information where the transaction took place and the time it occurred.
c) Segregation of duties; this ensures that one individual cannot have access to the recording of information and processing of transaction.
d) Handling errors; this ensures that errors are checked at any stage with transaction occurred with corrections also made
According to the Bureau of Labor Statistics, the actual unemployment rate was 8.3% in February 2012 and the natural rate of unemployment was 5.2%. The<u> cyclical</u> unemployment rate was <u>3.1</u>%.
<u>Explanation:</u>
Unemployment is when an individual who is able to work and is also willing to work at the wage rate which is prevailing in the market, does not get work. There are some types of unemployment like cyclical, structural, frictional and so on.
Cyclical unemployment is the rate of unemployment that occurs in the different phases of the trade cycle. Because of high rate of actual unemployment rate in 2012, the cyclical rate of unemployment was also around 3%.
Answer:
The biggest opportunity cost regarding liquidity has to do with the chance that you could miss out on a prime investment opportunity in the future becse you can't get your hands on your money that's tied up in another investments.
Explanation
