It is good to have interview experience.
It is good to accept an interview for a promotion because it is beneficial to get interview experience. You will become more comfortable in an interview and it will help you be better prepared for future interviews.
Answer:
$300,000
Explanation:
The computation of the operating cash flow is shown below:
But before that EBIT should be determined
Sales $ 2,000,000.00
Less : Cost of Goods Sold $1,200,000.00
Gross Profit $800,000.00
Less: selling and general administrative expenses $500,000.00
Less: Depreciation expense $900,000.00
EBIT i.e. Operating Income/(Loss) $(600,000.00)
Tax at 21% $(126,000.00)
Since it is negative so the tax loss would not be determined
Now Operating Cash flow
= EBIT × (1 -T) + Depreciation expense - Chane in Working Capital
= EBIT + Depreciation expense
= -$600,000 + $900,000
= $300,000
Answer:
a) To verify transactions have the correct date assigned to them
c) To verify that all transactions have been recorded for the period
d) To verify that previously reconciled transactions have not been changed since the last reconciliation
Explanation:
It is very important that one reconciles their bank and credit card accounts and some of the reasons are;
To ensure that transactions occurred on the correct date. This is important because it ensures that fraud has not been committed and that transactions are being recorded accurately.
To ensure that all transactions for the period have been recorded. This is to ensure that the balance on the card is reflective of what has actually transpired in the period.
To ensure that the previously recorded transactions have not changed. This is done to ensure that you are not incurring any costs that yu may be unable to trace.
Answer:
Amount to be borrowed = $21,600
Explanation:
Provided details,
Opening cash balance as on 31 March = $36,400
Add: Expected Receipts = $641,000
Less: Expected purchases = ($608,500)
Less: Cash Expenses = ($27,000)
Less: Selling and administration ($33,500)
Total balance = $8,400
Balance to be maintained = $30,000
Loan to be taken or amount to be borrowed = $30,000 - $8,400 = $21,600
If a majority of united states supreme court justices agree as to the outcome of a case but not as to the reasoning for reaching the outcome, it is a <u>plurality decision</u>.
<h3>
What is a plurality decision?</h3>
This refers to the appellate opinion without enough judges' votes to constitute a majority of the court. In essence, the plurality opinion is the opinion that received the greatest number of votes of any of the opinions filed. So, because the majority could not reach a common view, a plurality opinion is not binding.
However, when a majority of united states supreme court justices agree as to the outcome of a case but not as to the reasoning for reaching the outcome, it is a plurality decision.
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