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Triss [41]
2 years ago
11

On june 1, 2014, england inc. reported a cash balance of $21,000. during june, england made deposits of $8,000 and made disburse

ments totaling $24,000. what is the cash balance at the end of june?
Business
1 answer:
mariarad [96]2 years ago
4 0
The deposit made by the June will be added to the original cash balance. That is, $21,000 + $8,000 which is equal to $29,000. Then, the disbursement will be subtracted from the value calculated above. 
                             final cash balance = $29,000 - $24,000
                                                           = $5,000
Therefore, the final cash balance of England Inc. is $5,000. 
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a. Balance sheet accounts are arranged into ______ general categories. b. Common Stock and Dividends are examples of ______ acco
tresset_1 [31]

Answer:

a. Three (3).

b. Equity.

c. Liability.

d. Asset.

e. Account.

Explanation:

a. Balance sheet accounts are arranged into three general categories. These are asset, liability and equity.

b. Common Stock and Dividends are examples of equity accounts.

c. Accounts Payable and Note Payable are examples of liability accounts.

d. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of asset accounts.

e. An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

8 0
3 years ago
Kyg instruments, a firm that produces manufacturing equipment for various industries, experiences an influx of new sales employe
Natali [406]
As part of the process, the HR department's first step should be to identify that the sales representatives need technical training. It was said in the statement above that most of the new workers have a poor performance although they have a vast experience in sales. Most probably, it would be because they are unfamiliar with the products of the said company and they would lack the technical knowledge needed to do their job well. As an HR staff, you should be able to see that these employees would need some kind of training and education about the products of the company.
6 0
3 years ago
To avoid channel conflict resulting from Internet selling, a company should Multiple choice question. charge prices for online d
lesya [120]

Answer:

work with dealers to design an online sales portal that benefits both partners.

Explanation:

e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

Simply stated, e-commerce is the act of engaging in internet selling.

In order to avoid channel conflict resulting from Internet selling, a company should work with dealers to design an online sales portal that benefits both partners i.e the online portal would focus on bridging the gap between the producer (company) and the consumers, as well as balancing the demand and supply of goods and services.

6 0
3 years ago
The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000
Sedbober [7]

Answer:

company can value of $190909.1

Explanation:

Given data:

current assets = $1,312,500

current liabilities =  $525,000

initial inventory level is $380,000

current ratio = 2.2

current liabilities is calculated as = \frac{Current/ Assets}{current/ ratio}

plugging all value  in above relation

current liabilities= \frac{1312500}{2.2}

current liabilities = $ 596590.90

and we know  current liabilities is  $525,000. Thus company can value of $190909.1

8 0
3 years ago
The U.S. Treasury has Kleine Toymakers is introducing a new line of robotic toys, which it expects to grow their earnings at a m
nevsk [136]

Answer:

The present  value of the dividends to be paid out over the next six years if the required rate of return is 15 percent is $6.57

Explanation:

Solution:

Given that

The present value =∑ ⁿ t=1 cf/ (1 +r)t

where cf= cash flow

r =the required rate of return

t = the number of years

Now

The present value will be:

cf₁/(1+r)^1 + cf₂/(1 +)^2 + cf₃/(1+r)3 + cf₄/(1 +r)^4) + cf₅/(1 +r)^5 + cf₆/(1+r)^6

Hence,

cf₁, cf₂ cf₃ = 0 as the firm does not expect to pay dividend in the next three years

Note: Kindly find an attached document of the part of the solution to this given question

6 0
3 years ago
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