1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mart [117]
4 years ago
10

Mint Co.'s cash balance in its balance sheet is $1,300,000, of which $300,000 is identified as a compensating balance. Additiona

lly, Mint has classified cash of $250,000 that has been restricted for future expansion plans as "other assets." Which of the following should Mint disclose in notes to its financial statements?Compensating | Restricted | Balance | Cash |A. No | YesB. Yes | YesC. No | NoD. Yes | No
Business
1 answer:
Natasha2012 [34]4 years ago
7 0

Answer:

Correct option is B Yes and Yes

Yes - Compensating shall be reported, And Restricted shall also be reported.

Explanation:

Compensating balance is the minimum balance to be maintained in the company's bank account as this is used by bank for offsetting loan, and used by company to set up the loan amount.

Restricted balance is a choice made by the company to not use the funds and use it later for company's growth or future projected, but still since it cannot be used it shall also be reported accordingly.

Therefore the company has the need to report such restricted balance also and compensating balance has to be reported as well.

Therefore correct option is B

Yes - Compensating shall be reported, And Restricted shall also be reported.

You might be interested in
Accounts Randall Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various ag
Crazy boy [7]

Answer:

Explanation:

The journal entry will be:

Debit: Bad debt expense $2500

Credit: Allowance for doubtful $2500

Then, we will calculate the net amount of account receivable that should be included in current assets which will be:

Account receivable = $128000

Less: Allowance for doubtful = $500 + $2500 = $3000

Net amount of account receivable = $125000

8 0
3 years ago
Before the annual "blue versus red" football game, sara bet on the blue team, who then lost. after the game, she claimed she kne
algol [13]
Before the annual “Blue versus Red” football game, Sara bet on the blue team who later lost. After the game, she claimed she knew the blue team would lose. This illustrates hindsight bias which is also known as knew it all long effector tiptoeing determinism. It is the disposition after an event has occurred, to see the event as having been expectable in spite of there having been little or no objective basis for forecasting it. It is multifaceted phenomenon that can affect can cause exciting methodological problems while trying to analyze, understand and interpret results in investigational studies. In Additional, one example of the hindsight bias is when after viewing the outcome of a potentially unforeseeable event a person believe he or she “knew it all along.”
5 0
3 years ago
What do you think a speaker can do to establish themselves as credibile and trustworthy?
jonny [76]

Answer:

Speakers who make direct eye contact with the audience tend to appear as more trustworthy. Delivering speeches fluently by practicing beforehand can enhance a speaker's credibility.

Explanation:

3 0
3 years ago
Read 2 more answers
A customer has signed a Letter of Intent to buy at least $50,000 of a mutual fund in return for getting a lowered sales charge.
likoan [24]

Answer:

c. The capital gain would be automatically re-invested at NAV if not taken in cash while the purchase of the shares would occur at POP including a sales charge.

Explanation:

An Asset appreciation doesn't in any way complete a breakpoint for a client. The client agreed to buy $50,000 of fund shares under a Letter of Intent to get a lower sales charge. If the customer doesn't deposit the full $50,000, then the sales charge is calculated to a higher percentage, which is based on the customer's purchase. The customer must deposit another $10,000 to complete the breakpoint.

If the customer were to take the capital gains distribution as cash and use that money to buy additional shares to complete the breakpoint, the customer would then have to pay a sales charge, which would be lower because the breakpoint is being completed. The customer must know that if the capital gains distribution were reinvested, it would occur at NAV and there would be no sales charge increase in sales charge. Whether the capital gain is taken as cash or it is reinvested, it is taxable.

3 0
3 years ago
You invent of a new type of cat-walking leash. You choose a market segmentation approach and decide to target the international
Nezavi [6.7K]

Refine your approach by going back to the drawing board.

Answer: Option B.

<u>Explanation:</u>

The essential issue with this methodology is that you are thinking about the entire world as your customer, and not Coke has such a wide methodology. So as to successfully characterize an objective market (a genuine one), you should follow some fundamental advances:  

1. take a gander at your ebb and flow client base: this progression doesn't make a difference to this circumstance legitimately, however you can look through data about comparable items offered by the challenge.  

2. break down your item: what is it precisely that you are advertising? what necessities would you say you will fulfill?  

3. characterize a particular segment focus on: the entire world is my objective market doesn't have any significant bearing here. You need to pick certain segment components to attempt to figure out who is destined to buy your item.  

4. examine the psycho graphics of your expansive objective: psycho graphics incorporate the individual qualities of your latent capacity target showcase, for example adores creatures, caring individuals, and so on.  

5. in the wake of finishing stages 1-4, consider if your objective market is excessively expansive or excessively tight, and make any adjustments dependent on your abilities and necessities.

4 0
4 years ago
Other questions:
  • Workers in europe get approximately ______ weeks of vacation a year, whereas workers in the united states average approximately
    5·1 answer
  • The XYZ Chemical Company must ship 9,500 gallons of pesticides from its plant in Cincinnati, Ohio, to a customer in Columbia, Mi
    7·1 answer
  • U.S. imports are​ _____ produced in​ _____ and sold in​ _____. A. goods and​ services; any other​ country; the United States B.
    12·1 answer
  • If a culture is described as valuing harmony, interdependence, fitting in, and social responsibility, it is likely:
    5·2 answers
  • On November​ 1, 2018, Arch Services issued $ 331 comma 000of eightminusyearbonds with a stated rate of 14​%at par. Interest paym
    9·1 answer
  • Eastline Corporation had 13,500 shares of $5 par value common stock outstanding when the board of directors declared a stock div
    15·1 answer
  • A ____________ is when you take money out of a bank account
    5·2 answers
  • An aircraft factory manufactures airplane engines. The unit cost (the cost in dollars to make each airplane engine) depends on t
    7·1 answer
  • The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The price of a gallon of gasoline was $2.25 in 2
    7·1 answer
  • The nth term of the GP is (-1)^n(2)^n.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!