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3 years ago

Which of the following statements is not true? Multiple Choice

Business

1 answer:

Ganezh [65]3 years ago

6 0

Answer:

4. Public goods are only provided by government.

Explanation:

The statement is false because, as stated by the previous options of the question, sometimes public goods are provided by private organizations even if they are usually unprofitable.

For example, in New York City the Central Park Conservancy is a private, non-profit organization that provides maintenance and operation for the Central Park. This is an example of a private organization employing its resources for the benefit of the public.

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Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019. April May June Credit sales $

ruslelena [56]

Answer and Explanation:

The presentation of the cash budget for the three months is shown below:

Particulars April May June

Beginning

cash balance $182,000 $264,650 $434,150

Add:

Cash receipts :

Credit sales

collections $577,750 $622,700 $621,650

Total cash

available $759,750 $887,350 $1,055,800

Less:

Cash disbursements

Purchases -$289,000 -$302,000 -$282,000

Wages, Taxes

and expenses -$137,000 -$129,000 -$179,000

Interest -$15,600 -$15,600 -$15,600

Equipment

purchases -$53,500 -$6,600 -$248,000

Total

cash disbursements -$495,100 -$453,200 -$724,600

Ending

cash balance $264,650 $434,150 $331,200

Working Notes:

Cash collection from credit sales

Particulars March April May June

Credit sales $561,000 $689,000 $598,000 $751,000

Cash collected :

35% cash collected

in month of sales $196,350 $241,150 $209,300 $262,850

60% cash collected

in following month

of sales $0 $336,600 $413,400 $358,800

Total cash

collected from sales $577,750 $622,700 $621,650

7 0

3 years ago

Why is working capital management one of the most important and time-consuming activities of the financial manager? What is net-

dybincka [34]

Answer:

Working capital is essential to a company's fundamental health and operational success. It helps in maintaining a solid balance between growth, profitability and liquidity.

Net working capital is the difference between a business/ company's current assets and current liabilities or debts.

Current assets are cash, accounts receivable and inventories of raw materials and finished goods

Current liabilities are accounts payable.

Explanation:

Working capital helps to maintain smooth operations and help improve a company's earnings and profitability and it includes:

1. Inventory management

2. Management of accounts receivable and account payable.

7 0

3 years ago

Which of the following is NOT true of confidence interval estimates of the difference between two population proportions?

docker41 [41]

Answer: D. A confidence interval is used to test a claim about two population proportions.

Explanation: Confident interval estimate is a type of estimate computed from statistics of observed data.

The confident interval estimate of the difference between two population proportions will use a standard deviation based on estimated values of the population proportion. The confident interval will be used to estimate the difference in the two population proportions, but it will not be used to test claim about two population proportions because it can not.

6 0

2 years ago

Match each term below with the description that fits it best. 1. Treasury stock 2. Issued capital stock 3. Outstanding capital s

saw5 [17]

Answer:

1) shares held by the issuer that is shares of Firm A held by Firm A

2) the amount of shares issued by the firm

3) the amount of shares which are circulating in the market (issued less treasury stock)

4) is the amount the governement angency in charge of regulations approved the firm to issue It cannot surpass this ammount without their permission being granted

5) shares at which a down payment has been made but, not paid in full by the potential stockholders

Explanation:

DISCLAMER:

As the options aren't given I define each concept

3 0

3 years ago

On July 1, 2017, Crane Inc. made two sales.

nordsb [41]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

4 0

2 years ago