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tangare [24]
3 years ago
10

If the company also has $1,000 of petty cash on hand (recorded in a separate account), what total amount should the company repo

rt as Cash and Cash Equivalents on the April 30 balance sheet?
Business
1 answer:
vredina [299]3 years ago
4 0

Answer:

Explanation: from the above question, the total of cash and cash equivalent to be recorded in the balance sheet includes all cash balances in the bank and cash balance in the petty cash account.

From the above question, the cash and cash equivalent balance as at April 30 is $1,000 plus all bank balances as at that date.

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Home Realty, Incorporated, has been operating for three years and is owned by three investors. J. Doe owns 60 percent of the tot
nordsb [41]

Answer:

Net Income for the year is $23,175

Explanation:

The Company's income Statement is prepared below. In relation to the following please note that:

  • Total Revenue is considered Section A while Total Expense is Section B and the Net Income is the difference of the same (A - B).

<u>Income Statement on December 31st:</u>

HOME REALTY, CORPORATION

Income statement

For period ended December 31st

Revenue                                           $

Sales Revenue                             166,000  

Other Revenue                                   -  

Total Revenue (A)                             166,000  

Expenses:                                    $

Salaries and Wages Expense             97,000  

Interest Expense                                6,300  

Advertising Expenses                        9,025  

Income Tax Expense                        18,500  

Dividends                                        12,000

Total Expenses (B)                        142,825  

Net Income (A-B)                                 $23,175

4 0
3 years ago
Both examples below illustrate which element of the assertive message format? example 1: "yesterday, kristopher promised me he w
anzhelika [568]
<span>Both of these examples are illustrative of the "behavior" element of the assertive message format. These example are objective in that they only outlined what happened in a given situation. Although the second may appear to have an emotional connotation, it simply gives an objective impression of what happened.</span>
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How does demand-pull inflation differ from cost-push inflation?
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4 0
3 years ago
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What role does organizing play as a function of management?
mote1985 [20]
 If management implements proper organization and <span>productivity will be higher,.
Proper organization refers to placing the Right people to do the right job, employee moral will make the employees have positive attachment to the company which will make them do their best to bring a good contribution for the company.</span>
4 0
3 years ago
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The marketing staff wants to supply pens with attached USB drives to clients. In the past this client has been victimized by soc
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Answer: C. The security risks associated with combining USB drives and cell phones on a network

D. The risks associated with the large capacity of USB drives and their concealable nature

Explanation:

Based on the scenario that has been discussed in the question, the security administrator will instructs the marketing staff not to supply the USB pens based on the security risks that are associated with combining USB drives and cell phones on a network.

Another reason is due to the risks that are associated with the large capacity of USB drives and their concealable nature.

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