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3 years ago

How often will you receive a statement for your checking account?

1 answer:

7 0

I believe that you would get a statement for your checking account monthly because you need to know how much money get withdraw ed and how much is left.

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Fly GenX Inc. has the following budgeted sales for the next quarter. Month: 1 2 3 Units 10,000 11,000 12,000 Inventory of finish

Scilla [17]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Month: 1 2 3 Units 10,000 11,000 12,000

Inventory of finished goods on hand at the beginning of the quarter is 4,000 units.

The company desires to maintain ending inventory equal to beginning inventory plus 1,000 units every month.

Month 1:

Production= 10,000 units

Ending inventory= 4,000 + 1,000= 5,000

Beginning inventory= (4,000)

Total= 11,000

Month 2:

Production= 11,000 units

Ending inventory= 5,000 + 1,000= 6,000

Beginning inventory= (5,000)

Total= 12,000

Month 3:

Production= 12,000 units

Ending inventory= 6,000 + 1,000= 7,000

Beginning inventory= (6,000)

Total= 13,000

6 0

4 years ago

Anne Mullens is the bookkeeper for DWG Refrigeration Repair. One afternoon while she was preparing the bank deposit, a customer

vesna_86 [32]

Answer:

Anne Mullens committed embezzlement.

Explanation:

Embezzlement is defined as misappropriation of funds by someone with whom funds have been entrusted.

It is a theft as the money does not belong to the perpetrator. The perpetrator is only entrusted with funds.

One of the conditions for embezzlement is an existence of a fiduciary (trust) relationship between parties.

In the given case, Anne Mullens pocketed $57 cash from recorded amount instead of recording 57$ customer's payment via check. Instead she included the customer's check in the money to be taken to bank.

This is embezzlement of funds by Anne.

7 0

4 years ago

BTC, a consulting company with offices across the United States, began an employee discussion forum on its website. A few employ

AnnZ [28]

Answer:

c) moderators.

Explanation:

Since BTC doesn't want to limit employee interaction, but at the same time, it would like to limit what employees can write. The use of moderating features of a discussion forum through the service of a moderator will help them achieve this effectively and efficiently.

A moderator is a neutral individual who has the sole responsibility and skill set to preside and regulate discussions, by ensuring participants do not stray off from the subject matter and the time allotted to them.

4 0

3 years ago

Project Q has an initial cost of $211,415 and projected cash flows of $121,300 in Year 1 and $176,300 in Year 2. Project R has a

vlada-n [284]

Answer:

Project Q should be accepted.

Explanation:

In this question, we have to use the profitability index formula which is shown below:

Profitability index = Present value of all years cash flows ÷ Initial investment

where,

Present value of cash inflows is calculated by applying the discount rate which is presented below:

For this, we have to first compute the present value factor which is computed by a formula

= 1 ÷ (1 +rate) ∧ number of year

number of year = 0

number of year = 1

Number of year = 2

So,

For year 1 = 0.9216 (1 ÷ 1.085) ∧ 1

For year 2 = 0.8495 (1 ÷ 1.085) ∧ 2

Now, multiply this present value factor with yearly cash inflows

For Project Q,

The present value of year 1 = $121,300 × 0.9216 = $111,797.235

The present value of year 2 = $176,300 × 0.8495 = $149,758.967

and the sum of all year cash inflow is 261,556.202

So, the Profitability index would be equal to

= $261,556.202 ÷ $211,415

= 1.23

For Project R,

The present value of year 1 = $187,500 × 0.9216 = $172,811.059

The present value of year 2 = $236,600 × 0.8495 = $200,981.121

and the sum of all year cash inflow is $373,792.180

So, the Profitability index would be equal to

= $373,792.180 ÷ $415,000

= 0.90

Since, the Project Q has high profitability index than Project R, so Project Q should be accepted.

4 0

3 years ago

On December 1, 2018, your company borrowed $15,000, a portion of which is to be repaid each year on November 30. Specifically, y

tino4ka555 [31]

Answer:

Explanation:

The loan will be reported in the December 31, 2019 and 2018, balance sheets, is shown below:-

Balance sheet(Partial)

As of December 31

2016 2015

Current liabilities

Current portion of long term debt $3,000 $2,000

Long term liabilities

Long term debt $10,000 $13,000

Total liabilities $13,000 $15,000

On December 2018 we represent the current liability of $2,000 loan because of year 31 December 2019 within of one year and the left portion of the loan represent as long term liability because it is not within one year from the balance sheet.

On December 2019 Loan remains outstanding $13,000 ($2,000 repaid on November 2019) from this amount, on November 30, $3,000 is due. So, $3,000 should be represented as current liability and the left balance $10,000 represented as long term debt.

8 0

4 years ago