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Zina [86]
3 years ago
10

Ability to visualize and implement possible business solutions

Business
1 answer:
likoan [24]3 years ago
4 0
This is known as Data Visualization
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Your total cash income is $80,000. You pay $8,000 in taxes and $60,000 in other expenses. Your savings ratio is
inessss [21]
$12,000 if i am correct
4 0
2 years ago
Bank reconciliations are normally prepared on a monthly basis to identify adjustments needed in the depositor's records and to i
joja [24]

Answer:

B.

Explanation:

The benefits of bank reconciliation is to detect errors such as double payments, missed payments, calculation errors etc.

Therefore they will be no need for adjustment to be recorded for bank errors, outstanding checks, and deposits in transit.

4 0
3 years ago
Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 15,000 parts in stock
Kryger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory (parts)= 15,000 parts

Sales June= 13,600

Sales July= 10,500

Sales August= 12,700

Parts are purchased at a wholesale price of $30.

Purchasing arrangement:

60 percent on the month of the purchase.

40 percent in the following month.

Lakeside purchased 14,000 parts in May.

A) To calculate the purchase for June and July, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

June= 13,600 - 15,000= -1,400

July= 10,500 - 1,400= 9,100

B) Cash Required:

Purchase from the month

Purchase from the month before

<u>June:</u>

Purchase from the month= 0

Purchase from the month before= (14,000*30)*0.4= 168,000

<u>July:</u>

Purchase from the month= (9,100*30)*0.6= 163,800

Purchase from the month before= 0

3 0
3 years ago
The premium on a three-year insurance policy expiring on December 31, 20x11, was paid in total on January 1, 20x9. The original
bezimeni [28]

Answer:

b. The same as it would have been if the original payment had been debited initially to an expense account

Explanation:

We can use an example to explain this:

original journal entry to record a 3 year insurance policy on January 1 is:

Dr Prepaid insurance 3,600

    Cr Cash 3,600

Adjusting entry on December 31

Dr Insurance expense 1,200

    Cr Prepaid insurance 1,200

balance of prepaid insurance = $3,600 - $1,200 = $2,400

If instead of recording prepaid insurance on January 1, you recorded insurance expense:

Dr Insurance expense 3,600

    Cr Cash 3,600

Adjusting entry on December 31

Dr Prepaid insurance 2,400

    Cr Insurance expense 2,400

balance of prepaid insurance = $2,400

5 0
3 years ago
How much did at&amp;t stadium cost to build?
ArbitrLikvidat [17]
The cost was $1.15 billion
6 0
2 years ago
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