Overstated No effect
Explanation:
In case salaries are not raised at the end of 20X1, wages owed are known, an existing obligation. Current assets minus current commitments equals working capital. Working capital is exaggerated when current liabilities are overstated.
Increasing pay in 20X1, even if it had accurately been accrued, would never have been paid at the rest of 20X1. Thus, the failure to increase salaries does not affect 20X1 operating cash flow.
Answer:
a. 11,262.88
Explanation:
In this case we are using the formula of an annuity due which is an annuity that starts payment at the beginning of the period.
This formula is
PVannuity due = C * [(1 - ( 1 + i ) ^ {-n}/ i ] * (1 + i)
C = Payments $2,500
i = Interest rate 5.5%
n = Number of payments 5
PVannuity due = 2500 * [(1 - ( 1 + 0,05 ) ^ {-5}/ 0.05 ] * (1 + 0.05)
Complete/Correct Question:
The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England to strengthen its currency would be to:
A. raise British interest rate levels
B. lower British interest rate levels
C. raise U.S. interest rate levels
D. lower U.S. interest rate levels
Answer:
A, raise British interest rate levels
Explanation:
Increasing the interest rate levels of the British will help strengthen the pound against the Dollar. This would mean that the United States is offering lower interest rate.
This is possible because a higher interest rate means that lenders will make higher returns compared to countries with lower interest rates.
Cheers.
Answer:
The correct options are C and A
Explanation:
Under the method of direct write off of the accounting for uncollectible receivables, the journal entry should be recorded in the books is as follows:
On September 15
Bad debt expense A/c.................................... Dr $675
Accounts receivable- Jacob Marley A/c........Cr $675
When the company is notified of the bankruptcy of the Jacob Marley, then the above following entry is to be recorded as the bad debt expense, got increases and any increase is debited. Therefore, the account of bad debt expense is debited. And the balance of the accounts receivable of Jacob Marley has been reduced because the amount is unrecoverable so any decrease is credited. Therefore, the account of accounts receivable of Jacob Marley is credited.
Answer:
moderate control
Explanation:
Forsyth describes the task-relationship framework as "a concise management model that emphasizes that these leadership activities can be categorized as performance management or maintenance of relationships.
Task-oriented (or task-focused) leadership refers to a strategic approach in which the chief emphasizes on the activities which need to be completed to reach certain objectives or to obtain the certain level of success. Thus, this approach is best where the leader asserts moderate level of control over their subordinates.
