Calculate, from the following information accumulated by Bob Verna, the adjusted cash balance at the end of July.
Bank statement ending cash balance $6,000
General ledger cash balance ending 8,500
Bank monthly service charge 90
Deposits in transit 5,000
Outstanding cheques 3,000
NSF cheque returned with bank statement 410
Answer:
D both A and b
Explanation:
For the fire inspectors, not only are they expected to confirm that appropriate materials are being used but also, to ensure that the quality are top notch. This is to prevent outbreak of fire. For example, in a place where metal bin with lid are to be used, if plastic bin is being used, there is high chances of fire outbreak occurring when a used cigarette stick is thrown into it.
Answer:
A.that many investors are selling their stocks in anticipation of lower profits
Explanation:
In stock market terminologies, a bear market is a selling market. If the traders' sentiments are to sell a stock, tell the market for the stock is referred to as a bear market.
Generally, when a company is performing well financially, its stock price will appreciate. Investors will buy its stocks in anticipation of increased dividends and selling the stocks at a higher price. Should investors anticipate a loss, they will start selling the stocks. Karen is concerned with the current bear market as it signals the stocks are likely to yield reduced earnings.
Answer: 5 cups of tea
Explanation:
Opportunity cost is what an individual, firm or government forgoes in order to get something else. For example, an individual might have $2. A pen costs $2 likewise a notebook. If the person decides to buy the pen, the opportunity cost is the notebook which he or she did not buy.
With the money Sarah has, spending her entire budget will give her 40 cups of tea or 8 snacks. This implies that for 1 snack, the opportunity cost is (40/8) = 5 cups of tea
Answer:
Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60
Explanation:
Attach is the table of given cases
Acid test ratio= 
Now, solving for acid test ratio.
<u>Case x</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
<u>Case y</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
<u></u>
<u>Case Z</u>
⇒ Acid test ratio= 
⇒ Acid test ratio= 
∴ Acid test ratio= 
Next solving for current ratio.
We know, current ratio= 
<u>Case x</u>
⇒ current ratio= 
∴ current ratio= 
<u>Case y</u>
⇒ current ratio= 
∴ current ratio= 
<u>Case Z</u>
⇒ current ratio= 
∴ current ratio= 
Hence, Current ratio- 2.03 2.33 1.73 and Acid-test ratio- 0.98 0.43 0.60
