Answer:
Accounts payable (opening) = $ 45000.
Account rec during year = $464570
Cash payment during year = $351570.
Explanation:
As we know that:
Account payable (open) + Purchases - Accounts payable(end) = Paid cash
Accounts payable (open) + 201400-59900= 186500
Accounts payable (open)= 186500+59900-201400
= $45000.
As we know that:
Account receivables (open) + A/c receivable during year - A/c receivable (end)=Cash collected.
A/c receiable during period= 449600-115800+130770
= $464570.
As we know that:
Cash (open) + Cash collected - Cash (end)= Cash payment during period.
46200+248600 - 56770 = Cash payments during year.
Cash payment during year = $351570.
Answer:
B) False
Explanation:
Under the cost benefit analysis a statement is prepared in order to compute the financial aspects of the transaction.
This clearly provides for the estimate to be made towards all the transactions.
But there is a problem in such analysis that exact estimate or even nearby estimate in terms of amount is not feasible to be computed of benefits and cost as well.
And significantly all the benefits can not be traced monetarily.
Answer:
D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.
Explanation:
Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.
Answer: Option (b) is correct.
Explanation:
Correct : by eliminating the need to travel to stores to shop.
Internet literally reduced the search cost by saving the travel time of the consumers to the shopping stores. Now days, almost all the consumers prefer to buy products online instead of travelling here and there for the products.
Buying products from the stores involves certain costs such as travelling cost, waste of time, miscellaneous,etc.
Hence, internet facility helps in reducing these kind of costs, that's why in today's world mostly people rely more on internet for shopping and all instead travelling to the stores.
