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3 years ago

Analysis reveals that a company had a net increase in cash of

Business

1 answer:

yawa3891 [41]3 years ago

7 0

Answer:

The multiple choices are as follows:

$4,720.

$17,260.

$48,680.

$43,960.

$42,960.

The beginning cash balance was $4,720

Explanation:

The formula for closing cash balance can be used to determine the opening cash balance as shown thus:

closing cash balance=net increase in cash+opening balance of cash

by arranging the equation

opening cash balance =closing cash balance-net increase in cash

closing cash balance is $26,700

net increase in cash is $21,980

opening cash balance=$26,700-$21,980=$4,720

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Lee operates injection molding machines on a regular basis. He is responsible for observing meters to verify press-cycle times,

kenny6666 [7]

Answer:

Explanation:

Line Function

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4 years ago

The following units of an inventory item were available for sale during the year:Beginning inventory 10 units at $55First purcha

Leto [7]

Answer:

$1150.

Explanation:

Given: Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70.

First, lets calculate total units of inventory available.

Total inventory available for sales during the year= $(10+25+30+15)= 80\ units$

∴ Total inventory available for sales during the year= 80 units

As given 60 units were sold out of total 80 units.

$80-60= 20\ units$

∴ 20 units of inventory is still remaining.

To determine the cost of unit sold, under LIFO accounting, you start with assumption that you have sold the most recent inventory and work backward.

As 20 units is still available after selling 60 units.

∴ The value of ending inventory= $(10\ units \times \$60 + 10\ units \times \$55)$

The value of ending inventory= $\$600+\$550= \$ 1150$

∴ The value of ending inventory using LIFO is $1150.

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3 years ago

Who is the principal Federal official for domestic incident management? A. FEMA Administrator B. Federal Coordinating Officer C.

hram777 [196]

Answer:

Explanation:

The individual that acts as the principal Federal official for domestic incident management is referred to as the Secretary of Homeland Security. The individual in this role is responsible for overseeing the proper functioning of the Department of Homeland security which deals with counter-terrorism, cyber-security, aviation security, and border security among other things. Today the individual in this position is Chad Wolf.

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3 years ago

The needs of users of government financial reports are the same as those of users of business entity financial reports.

olga55 [171]

Answer:

FALSE

Explanation:

The needs of users of government financial reports are NOT the same as those of users of business entity financial reports.

Users who are interested in government financial reports which has to do with understanding the financial performance of federal, state and local governments ; do so, to understand if the purpose of governance is being achieved which is the well-being of the citizens (Economy and Defense).

Contrariwise, users of business entity financial reports, which has to do with understanding the financial performance of business organisations, do so, to understand if the purpose of business establishment is being achieved which is the profit-maximization.

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3 years ago

Which one of the following statements is true? Question 4 options: A) A premium bond has a current yield that exceeds the bond's

Anastasy [175]

Answer:

A discount bond has a coupon rate that is less than the bond's yield to maturity.

Explanation:

Premium bonds: Coupon rate > Current yield > Yield to maturity

Discount bonds: Coupon rate < Current yield < Yield to maturity

Par value bonds: Coupon rate = Current yield = Yield to maturity

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3 years ago