You know about computer security, ethnics and privacy

The following information pertains to Crane Video Company:1. Cash balance per bank, July 31, $7,263.2. July bank service charge

My name is Ann [436]

Answer:

A. Prepare a bank reconciliation at July 31.

Crane Video Company

Bank Reconciliation

July 31

Cash balance per bank statement $7,263

Add: Deposits in transit 1300

8,563

Less: Outstanding checks 591

Adjusted cash balance per bank $7,972

Cash balance per books $7,284

Add: Collection of N/R ($700 plus

accrued interest $36 less collection

fee $20) 716

8,000

Less: Bank service charge 28

Adjusted cash balance per books $7,972

B. Journalize the adjusting entries at July 31 on the books of Crane Video Company.

The adjusting entry would be,

Date Account Title Debit Credit

Jul 31 Cash 716

Miscellaneous Expense 20

Notes Receivable 700

Interest Revenue 36

(to record Collection of N/R ($700 plus accrued interest $36 less collection fee $20)

31 Miscellaneous Expense 28

Cash 28

(to record bank service charge)

5 0

3 years ago

You are the newly assigned project manager to a major IT upgrade project in your global company. How will you determine the risk

kap26 [50]

Answer:

I have to identify the risk factors in the project and then gauge the willingness of the company to take such risks.

Explanation:

Risk tolerance is the willingness of an organization or an individual to take certain risks. The risk tolerance level of a person or organization can be classified as either high or low. For a project manager who wants to determine the risk tolerances associated with his project, he has to first identify the risk factors, and then try to know the risk level and if indeed this level is acceptable within the organization's culture and standard.

The project manager would do well to plot a graph that would show the probability of a risky action happening or not. A risk tolerance line is now obtained from where the project manager can know if that risk is tolerable by organization standards. The extent of job security would also help in determining the amount of risk a manager can take. However, they are still expected to stay within the standards of the organization.

8 0

3 years ago

True or false? adults are categorized as those ages 25–64.

Maslowich

It's most likely true. Anyone over 64 is typically considered a senior or elder.

3 0

3 years ago

Read 2 more answers

Furniture Company manufactures tables. It has two manufacturing departments: Department A and B. The company uses a budgeted ove

motikmotik

Answer:

The total cost of Job A is $29,044

Explanation:

The computation of the total cost is shown below:

= Direct materials used for Department A + Direct materials used for Department B + Direct manufacturing labor for Department A + Direct manufacturing labor for Department B + Applied overhead for Department A + Applied overhead for Department B

where,

Applied overhead for Department A = (Budgeted manufacturing overheads ÷ machine-hours) × Department A machine hours

= ($57,500 ÷ 4,000 machine-hours) × 800 machine-hours

= $11,500

Applied overhead for Department B = (Budgeted manufacturing overheads ÷ Direct labor hours) × Department B Direct labor hours

= ($62,500 ÷ 8,000 Direct labor hours) × 300 Direct labor hours

= $2,344

The other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= $3,250 + $1,350 + $5,250 + $5,350 + $11,500 + $2,344

= $29,044

8 0

3 years ago

planning is an essential part of managing an enterprise. a(n) select plan is developed as a guide during the planning process fo

yaroslaw [1]

planning is an essential part of managing an enterprise. "Strategic" plan is developed as a guide during the planning process for major policy setting and decision making.

What is Strategic plan?

Business executives use the process of strategic planning to determine the aims and objectives of their organisation as well as their long-term vision. Establishing the order in which these objectives should be accomplished can help the organisation achieve its stated vision. Although it can run longer, strategic planning frequently addresses objectives with a life cycle of three to five years. A business plan may cover a time frame of several years to several months.

Why is strategic planning important?

For firms, organisational direction and goals are crucial. Strategic planning offers that kind of guidance. A strategic plan essentially serves as a roadmap for accomplishing organisational goals. It is impossible to tell if a company is on track to achieve its goals without such guidance.

The following four factors should be taken into account when creating a strategy.

1) The mission

2) The goals

3) Alignment with short-term goals.

4) Evaluation and revision.

What are the steps in the strategic planning process?

Depending on the sort of business and the level of granularity necessary, there are a plethora of different approaches to strategic planning. These five steps can be used to outline most strategic planning cycles:

1) Identify

2) Prioritize

3) Develop

4) Implement

5) Update

To learn more about Strategic planning

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4 0

10 months ago