1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juli2301 [7.4K]
3 years ago
7

The following information is available for Birch Company at December 31:

Business
1 answer:
sp2606 [1]3 years ago
8 0

Answer:

Cash and cash equivalents = $29420

Explanation:

Cash = $21430 + $200 = $21630

Cash equivalents= money market fund + Treasury bill = 2790 + 5000 = $7790.

Cash & cash equivalents at Dec 31 =  21630 + 7790 = $29420.

You might be interested in
QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fun
noname [10]

Answer and Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

              To Cash A/c $150

(Being the establishment of petty cash is recorded)

2.

Entertainment expenses A/c Dr $70

Postage expense A/c Dr $30

Printing A/c Dr $22

                    To Petty cash A/c $122

(Being the reimbursement of petty cash fund is recorded)

3 0
3 years ago
Power Pro, a leading manufacturer of lawn and garden equipment, releases a new line of cordless, lightweight, electric weed trim
poizon [28]

Answer: Sales Promotion

Explanation: Sales promotion are different forms of sales strategy employed by marketing firms to attract buyers to their products faster.

Sales promotion could include various strategies such as: price discounts, extra goods added to a purchased product and much more.

3 0
3 years ago
A company had credit sales of $ 35 comma 000 and cash sales of $ 25 comma 000 during the month of May. Also during​ May, the com
Likurg_2 [28]

Answer:

The​ company's net income for the​ month was $27 comma 000

Explanation:

Net income = Total Sales - total expense

During the month of May,

Total Sales = credit sales + cash sales = $35,000 + $25,000 = $60,000

The company paid wages of $ 24 comma 000, the wages expense was $ 24 comma 000.

The company paid utilities of $ 9 comma 000, the utilities expense was $ 9 comma 000

Total expense = wages expense + utilities expense = $24,000 + $9,000 = $33,000

The payment that the company received from its customer was not the sales or expense. It made increase cash and reduce account receivable.

Net income = $60,000 - $33,000 = $27,000

7 0
3 years ago
What Are Some Reasons To Have A Credit Card?
andreev551 [17]

Answer:

1 Boost your credit history and score

2 Internet purchases

3 Emergency money

4 Rewards

5 History of purchases

6 No fear of loss or theft

7 Interest free money

8 Merchant protection

9 Insurance on purchases

10 Convenient when traveling

3 0
3 years ago
Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for painting her house. An issue wi
r-ruslan [8.4K]

Answer:

All the options are wrong, they seem to be from another question.

But the correct answer to this question is that Mary is wrong, Annie can legally endorse the note even if her last name was misspelled. Since the misspell was a minor error, only an extra letter (Green vs. Greene), she can do it without any problem because it's easy to prove she is the same person.

5 0
3 years ago
Other questions:
  • Claudia, a senior accountant, likes to work on her own and hence does not come out as a team player. She takes up all the work t
    8·1 answer
  • Big Canyon Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and a p
    9·1 answer
  • A firm has conducted market research and found that customer satisfaction with its product is quite high. Nonetheless, repurchas
    11·1 answer
  • Buying or selling stock is _____.
    5·2 answers
  • Transactions for the Monty Company, which provides welding services, for the month of June are presented below. June 1 Monthly i
    14·1 answer
  • A minimum wage set above the equilibrium wage will Group of answer choices create a shortage of labor. create a surplus of labor
    8·1 answer
  • Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning
    14·1 answer
  • Assume a fixed cost for a process of $15,000. The variable cost to produce each unit of product is $10, and the selling price fo
    10·1 answer
  • Practicing smiling and shaking hands with friends and family can help to ease your nerves before an interview or first meeting w
    5·1 answer
  • accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of t
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!