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AfilCa [17]
2 years ago
10

In what accounts should the following items be classified? (a) Coins and currency. (b) U.S. Treasury (government) bonds. (c) Cer

tificate of deposit (matures in 5 months). (d) Cash in a bank that is in receivership. (e1) NSF check (returned with bank statement) (if uncollectible). (e2) NSF check (returned with bank statement) (if collectible). (f1) Deposit in foreign bank (exchangeability limited) (if not expendable). (f2) Deposit in foreign bank (exchangeability limited) (if expendable for goods and services in the foreign country). (g1) Postdated checks (if collection expected within one year). (g2) Postdated checks (if collection expected beyond
Business
1 answer:
Dimas [21]2 years ago
8 0

Answer:

Explanation:

Cash: generally classify cash as a cuffent asset Cash conststs of coins, currency, and available on deposit at the bank Cash the most liquid of as*ts, is standard medium of exchange and fre basis for meas_wtng and accountmg for all other items

Cash quivalents: cash equivalents are short-term, highly liquid investments that are both readily convertible to known amount of cash.

Accounts Receivable: Receivables are clams held against customers and others for money, goods, or services

Short term investments: Investments for one year or less called as short-tem investments

Long-term assets: Long-term means more than one accounting cycle period

Items                                                                                               Accounts

a) Coins and currency                                                                   Cash

b) U S treasury (government) bonds                                            Cash equivalent

c) Certificate of deposit (matures in 5 months)                           Short term investment

d) Cash in a bank that is in receivership                                     Account receivable.

e1) NSF check ( Returned with bank statement)(if uncollectible)                           A loss if uncollectible

e2) NSF check ( Returned with bank statement)(if collectible)                           Accounts receivables

f1) Deposited in foreign bank (exchangeability limited )(if not expendable)               Other assets, if not expendable.

f2) Deposited in foreign bank (exchangeability limited )(if expendable)       Cash if expendable for goods and services in a foreign country

g1) Postdated checks (if collection expected within one year)                                                                    Short term investments

g2) Postdated checks (if collection expected within beyond year)                                                                    long term investments

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The effective rate of a $25,000 non-interest-bearing simple discount 10%, 90-day note is
Vlada [557]
<span>For the answer to the question above, the $25,000 due in 90 days.
 I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56

Solve for r: 616.44 = 24383.56*r*(90/365) 

r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
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2 years ago
At the beginning of the year, manufacturing overhead for the year was estimated to be $285,690. At the end of the year, actual d
pychu [463]

Answer:

the estimated direct labor-hours at the beginning of the year used to calculate the predetermined overhead rate was 22,250 hours

Explanation:

Manufacturing overheads are allocated to production on a predetermined basis as no business can wait to know its profit to properly allocate costs to the products sold.

It is usually based on a certain predetermined activity level (usually direct labour hours) which is then coated into the product material and labor costs to determine its manufacturing costs.

We are told the Actual overhead was over applied by $18,000, and the Actual Manufacturing overhead was $373,620.

This implies the Overhead charged to production was;

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At an activity level of 30,500 direct labor hours.

The Predetermine direct labour rate is:

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$285,690 divided by $12.84 = 22,250 hours

7 0
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Which of the three Naert's Model,Van Duzer's Model,Parikh's Models promote sustainability?​
grin007 [14]

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According to this definitions and as the statement refers to a cost that doesn't change, the answer is that as output is increased or decreased, these fixed costs remain unchanged.

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rewona [7]

Answer:

The correct answer is behavior.

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The economy is perhaps the most important tool used by public administrators, due to the importance in the development of the countries and the growth expectations at a given moment. The behavior of the economy must be widely studied, since the implementation of strategies for the benefit of all depends on it. One of the main fields of action is GDP, which is in the national interest; Another very common one is the unemployment rate, which refers to the occupancy rate of people able to perform a task.

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