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3 years ago

The following information was taken from a companyâ€™s bank reconciliation at the end of the year:

Business

1 answer:

nekit [7.7K]3 years ago

4 0

Answer:

The correct cash balance that should be reported in the company's balance sheet at the end of the year is $3,800

Explanation:

The computation of the correct cash balance is shown below:

= Bank balance + Deposits outstanding - Checks outstanding

= $8,100 + $4,100 - $8,400

= $3,800

The other items which are given in the question are related to the bank balance. So, we do not consider it in the computation part. It already adjusted to the bank balance. Hence, we ignored it.

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The owner of a shopping mall wishes to expand the number of shops available in the food court. She has a market researcher surve

Angelina_Jolie [31]

Answer:

The Sampling Bias

Explanation:

Here in this question, the owner is only getting information about the customers which are coming to the mall on weekdays only while neglecting the response which could have been received on weekends.

Therefore this can be termed as a Sampling Bias. The perfect way to go after this question is to ask the customers which are coming to the mall on weekends as well as weekdays, throughout the day.

Hope this helps. Good luck.

8 0

3 years ago

Realizing that it was time to invest in an updated information system, a young ceo made the following announcement in his weekly

Alexeev081 [22]

I had to look for the options and here is my answer:

Based on the given scenario above regarding the changes that a young CEO made in his company, which resulted in the poor interpretation among his employees, the progressive companies at present would now incorporate strategies that continuously adapt a FORMAL AND INFORMATION ORGANIZATION THAT AIDS IN CHANGES.

5 0

2 years ago

A company has issued a floating-rate note with a coupon rate equal to the three-month Libor + 65 basis points. Interest payments

enot [183]

Answer:

2.20%

Explanation:

Data provided:

Company issued floating-rate note with a coupon rate equal to the three-month Libor 65 basis points

On 31 March three-month Libor = 1.55%

On 30 June three-month Libor = 1.35%

Now,

The coupon rate for the interest payment made on 30 June will be calculated as

= 1.55% + 0.65

= 2.20%

Hence, the correct option is 2.20%

6 0

3 years ago

Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa

kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

c) Gross sales = $6,083,300

d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

d) Cash collected = opening balance in Account receivable + credit Net sales - Bad debt - Closing balance in Accounts Receivables

= $515,600 + $6,076,500 - $144,100 - $443,000

=$6,005,000

4 0

3 years ago

The literacy rate is ____.

Alisiya [41]

Answer: the proportion of a country's people that can read and right

Explanation:

originally literacy rate is based on the number of LITERATE persons in a give age group.

4 0

3 years ago