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3 years ago

The following information pertains to Cullumber Company.

Business

1 answer:

AysviL [449]3 years ago

3 0

Answer:

Cullumber Company

Bank Reconciliation

August 31, 2022

Cash balance as per bank $7,338

Add: Deposit in transit $2,810

$10,148

Less: Outstanding checks $690

Adjusted Cash Balance $9,458

Cash balance per books $7,374

Add: Electronic fund transfer received $2,126

by bank

$9,500

Less: Bank service charges $42

Adjusted Cash balance $9,458

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Which of the following is recorded in a country’s balance of payments accounts?

nalin [4]

Answer:

Considering there are no options to pick from, the following accounts are recorded in a country’s balance of payments accounts:

1. the current account

2. the capital account

3. the financial account.

Explanation:

Therefore;

1. The current account is part of the country’s balance of payments accounts to define the inflow and outflow of goods and services into a particular country.

2. The capital account is also a country’s balance of payments account that documents all the international capital transfers of a country.

3. The financial account is part of the country’s balance of payments accounts where the international monetary flows concerning the investment in the business, real estate, bonds, and stocks are fully recordsd.

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3 years ago

The term ______ describes circumstances where a country's exports exceed it imports.

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Trade surplus or positive trade balance.

Both of these terms refer to the situation of higher exports than imports.

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3 years ago

Ketchum & Lushene Hardware sells 100 hammers daily. The supplier takes two days

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Answer:

He should reorder when he is left with 200 hammers.

Explanation:

Reorder point is the trigger which informs the businessmen to order the inventory when the stock is used.

Reorder point = Safety Stock + (Average daily usage of units * Average lead time in days )

Reorder Point = 0 + (100 hammers * 2 days)

Reorder Point = 200

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3 years ago

Suppose the central bank implements expansionary monetary policy where the money supply increases. Which of the following will t

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Answer:

D they both will increase

Explanation:

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2 years ago

Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.75 times at the end of 2018. If the firm’s total assets at year-end

il63 [147K]

Answer:

Total debt is $15.91million

Total equity is 9.09miliion

Explanation:

Debt-to-equity ratio relates to how a firm is financing its operations through debt versus shareholders' equity(owners' fund)

The formula is: Total debt/total equity

Debt-to-equity ratio = 1.75times

Total assets =$25 million

We know the Equity = Asset - liability(debt)

We can rewrite the equation as:

Debt-to-equity ratio = Total debt/asset - debt

Let's represent debt as 'y'

1.75 = y/$25million - y

y = 1.75($25million - y)

y = $43.75 - 1.75y

Collect the like terms

y + 1.75y = $43.75million

2.75y = $43.75million

y = $43.75million/2.75

y = $15.91million

Therefore, total debt is $15.91million

Using the same formula: Total debt/total equity

Lets represent equity with z

1.75 = $15.91million/z

z = 15.91million/1.75

z = 9.09miliion

Therefore total equity is 9.09miliion

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3 years ago

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