Answer:
Cash $10,430 ; Cash equivalents $20,400
Explanation.
Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.
It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.
Solution.
$
Cash in bank. 8,540
Petty cash. 250
Check from customer. 1,350
Money order. 290
Cash. 10,430
The check has a very short maturity period since it will clear within 3-4 working days.
Money order can be cashed immediately .
Therefore;
Cash value is $10,430
For cash equivalent,
Cash equivalent = Money market fund balance + Treasury bills maturing in 60days
Cash equivalents = $10,400 + $10,000
=$20,400.
The amounts considered as cash and cash equivalents as of 31 December are ;
Cash $10,430 , $20,400 respectively.
It is not recommended to skip performing the risk identification on a project. If this process is skipped, the organization might run into unforeseen dangers that will stall their projects and prevent them from reaching their objectives.
<h3>What is the risk identification step?</h3>
The risk identification process is designed to study and find out the elements that will prevent an organization from reaching its set objectives.
he risk identification process helps the organization to know the risk that is set before them and prepare to bypass or overcome the challenges. The risk identification step is the first step that must be taken to avoid problems along the way.
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Answer:
1,140 units
Explanation:
Note : The question requires us to use the weighted-average method. This method focuses on equivalent units of completed units and units still in process only.
Step 1 : Determine units completed and transferred
Units Completed = Beginning units + Units Started - Ending units
= 200 + 1,000 - 100
= 1,100 units
Step 2 : Calculate equivalent units of production with respect to conversion costs
Completed and transferred (1,100 x 100%) 1,100
Ending units (100 x 40%) 40
Total equivalent units of conversion costs 1,140
thus,
the equivalent units of productions for the period (using the weighted-average method) for conversion is 1,140 units.
While network evening newscasts have stayed fairly constant throughout the years, the news programs that Americans watch on local television stations and national cable channels have altered substantially in recent years.
<h3>What change has been noticed?</h3>
Local television newscasts have recently emphasized traffic, weather, and sports, even more, aired less edited package stories, and cut the lengths of stories—trends that might be a result of the industry's current economic challenges.
There is a growing fear that local TV news may be suffering some of the financial difficulties that have already hammered the newspaper sector as younger people are tuning out local newscasts.
Learn more about local television, from:
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Solution:
The home sells for = $120000
The commission that is paid by the seller is 3 percent
Therefore, commission = 3% of $120000 = $3600
The sales-person is on a 65 percent commission schedule with her broker which means that the saleperson gets the 65 percent amount of the commission.
Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340
Therefore, the salesperson receives $2340 amount from the said transaction.
