Answer:
Total cash disbursement= $12,620
Explanation:
Giving the following information:
10% of purchases on account are paid in the month of the purchase
90% of purchases on account are paid in the month following the month of the purchase
Purchases:
March= $11,900
Abril= $12,700
<u>Cash payment April:</u>
Purchase on account from April= 12,700*0.9= 11,430
Purchase on account from March= 11,900*0.1= 1,190
Total cash disbursement= $12,620
Answer:
Bond,treasury
Explanation:
A bond refers to the contract between borrower and lender stipulating that the borrower must pay periodic interests and principal on specified dates .
The interest is also known as coupon payment has fixed rate usually quoted in the bond agreement which could be paid annually or semi-annually to te lenders.
Treasury refers to the bond issued by the national government such as the U.S government and carries a lower rate of return as the risk attached too is low ,hence lower risk brings about lower return since the government is not likely to default in discharging its obligations
Answer:
<em>Bank reconciliation is a statement carried out by a company to know the difference between cash balance per book and cash balance per bank.</em>
<em>A journal is needed by a company to keep day to day updates of records.</em>
Explanation:
<em>Banks prepares statement of account. the Borden company has updates its own records from their end. most times times the balance of cash per bank and per book rarely work well or agree.</em>
<em>Bank reconciliation is a statement that is prepared by a company to know the disagreement and dissimilarity of cash balance per book and cash balance per bank</em>
<em>A record journal entry must be made by the company to have a good update of their records.</em>
<em>An example of a journal is shown below</em>
<em>Date, Account and explanation, post reference, Debit($), Credit ($)</em>
We are given the skills of each worker:
Sasha is very good at producing computer-generated graphics
Maurice is skilled at designing logos with pen and paper
To address the immediate problem, Hector's action should be to assign Maurice to do the design in a paper then pass it to Sasha for generating it on the computer. It could also be that if a client requests a paper design, Maurice does it and for computer-generated designs, Sasha will do it.
The corrective action that he should do is let Sasha and Maurice attend trainings for their weaknesses. <span />