So you would simply need to set up a formula and solve
X= beginning cash
X+ income - expenses = cash balance
income = cash receipts (7,500)
expenses = cash disbursements (8,600)
Cash Balance = 1,800
Plug into the equation
X + 7,500 - 8,600 = 1,800
Then you would solve for X
Answer:
a) true
Explanation:
Internal control system is the whole system of control financial and otherwise established by management in order to carry on the business of the enterprise in an efficient and orderly manner and to secure the integrity of the records and books of accounts.
The internal control is a management control tools used to ensure efficiency in operations.
Answer:
1. adding groups
2. sorting groups
3. adding totals
4. previewing the report
Explanation:
The options that are available on the Group, Sort, and Total pane are:
1. adding groups
2. sorting groups
3. adding totals
4. previewing the report
Therefore, given that Group, Sort, and Total pane give necessary options to amend the report's grouping fields, sort fields, add totals, and eventually report calculations for the groups when needed.
Answer:
$4,500
Explanation:
Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life
($32,000 - $5,000)/6 = $4,500
The straight line depreciation method allocates the same deprecation expense for each year of the useful life of the asset.
Therefore, the depreciation expense each year would be $4,500.
I hope my answer helps you
Answer:
special assessment
Explanation:
Special assessments are taxes levied on real estate to fund public improvements to the property that will benefit that property.
It is also called improvement taxes.
