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4 years ago

What is a cancelled check?

Business

1 answer:

melisa1 [442]4 years ago

3 0

Answer:

Explanation:

A cancelled check is a check payment for which the stated amount of cash has been removed from the payer's checking account. Once the cash draw down is completed, the bank stamps the check as cancelled. ... Paid by the drawee bank to the payee bank. Cash is paid into the payee's account by the payee bank

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stereo corp. produces radios. the following information on inventory and production pertains to the year 2017. total manufacturi

Ugo [173]

The cost of goods manufactured at stereo corp. in the year 2017 is $285,000.

What is Manufacturing?
Manufacturing is the process of <u>turning raw materials or sections into finished goods using tools, human labour, machinery, and chemical products.</u>

Manufacturing enables companies to sell finished goods at a price higher than the cost of the materials used. Huge manufacturing allows for the mass production of goods using assembly line procedures and sophisticated technology as core assets. Manufacturing techniques that are efficient allow manufacturers to start taking advantage of scale economies of scale, generating more units at the a lower cost. Manufacturing is a vital and significant component of the economy. It entails the transformation of raw materials such as <u>ore, timber, and food </u>into finished goods such as <u>metal goods, soft furnishings, and processed foods.</u>

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3 0

1 year ago

The Haskins Company manufactures and sells radios. Each radio sells for $23.75 and the variable cost per unit is $16.25. Haskin'

dusya [7]

Answer:

Contribution margin per unit= $7.5

Explanation:

Giving the following information:

Each radio sells for $23.75 and the variable cost per unit is $16.25.

The contribution margin is the difference between the selling price and the unitary variable cost:

Contribution margin= selling price - unitary variable cost

Contribution margin= 23.75 - 16.25

Contribution margin= $7.5

6 0

3 years ago

A florist is buying a number of motorcycles to expand its delivery service. These will cost $78,000 but are expected to increase

blsea [12.9K]

Answer:

The payback period will be of 26 months, that is, 2 years and 2 months.

Explanation:

Given that the total cost of motorcycles has been $ 78,000, and that their use will increase monthly profits by $ 3,000 per month, the payback period will be determined from the following calculation:

3,000 x 12 = 36,000 (that is, for a year motorcycles will report an extra $36,000)

So, we must divide the total spent by the extra annual income, to determine the total amount of time in which the investment will recover:

78,000 / 36,000 = 2.16

Since 2.16 is calculated in decimals, and the years have 12 months, we must multiply this result by 12 to determine the number of months in which the investment will recover.

2.16 x 12 = 26

Therefore, the payback period will be of 26 months, that is, 2 years and 2 months.

7 0

4 years ago

Sol’s Sporting Goods is expanding and, as a result, expects additional operating cash flows of $26,000 a year for 4 years. This

klasskru [66]

Answer:

NPV of the project = $32,404

Explanation:

Provided information we have,

Cash outflow in investment = $39,000

Cash inflow = $26,000 for 4 years

Working capital required = $3,000 through out the life.

Thus, at the beginning of year cash outflow = $39,000 + $3,000 = $42,000

Provided rate of return = 16%

Present value interest factor for 4 years = 2.798

Present value of cash inflow = $2.798 $\times$ $26,000 = $72,748

Present value of working capital = $3,000 $\times$ 0.552 = $1,656

Total PV of cash inflow = $74,404

Less: PV of cash outflow = $42,000

NPV of the project = $32,404

6 0

3 years ago

this year Anita announced it was moving out of Hartford Connecticut where it had held headquarters for over 100

stiks02 [169]

The most impact this business move would cause are that restaurants close to the office building may close due to lack of customers and people would move out of Connecticut causing a housing market issue with too many homes for sale.

<h3>What are the consequences of moving a business?</h3>

The closing of a business in a city or state is fraught with difficulties. The local community will be most impacted by the company's shutdown or transfer. While the government and the community have benefited from the corporation for more than a century, it is leaving a void in society. The neighborhood will be impacted because individuals will leave Connecticut, which will result in a housing market problem with too many homes for sale. Restaurants might possibly close because the move will result in a major drop in patronage given the already precarious state of the economy.

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I believe the question you asked is incomplete and wanted an answer for this question:

"This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state. How would Aetna leaving have an impact on the local community?

a. Restaurants close to the office building may close due to lack of customers.

b. Courses in insurance adjustment would no longer be offered at the community college.

c. People would move out of Connecticut causing a housing market issue with too many homes for sale

d. Employees would no longer exercise at the local park

e. There would be vacant office buildings with no property taxes being paid."

6 0

2 years ago