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Juliette [100K]
3 years ago
11

Kaniper Company has the following items at year-end:Cash in bank: $35,000Petty cash: $500Short-term paper with maturity of 2 mon

th: $8,200Postdated checks: $2,100Kaniper should report cash and cash equivalents of:a. $35,000.b. $35,500.c. $43,700.d. $45,800.
Business
1 answer:
USPshnik [31]3 years ago
8 0

Answer:

$43,700

Explanation:

Cash equivalents are short-term assets that are readily and easily convertible into cash. Being highly liquid, they are typically mature in a maximum of three months.

Petty cash for Kaniper Company

= $ 35,000 + $500 + $8,200

= $43,700

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Answer:

$24,530, $23,530

Explanation:

Incomplete word <em>"and if the spot price in September proves to be $2,300."</em>

<em />

Note that Call options will be exercised only if the price on expiry is greater than strike price

Strike price = $2400

Premium paid = $53 for each contract, so the total premium paid = $530 for 10 contracts

<u>CASE 1</u>

Price = $2600

As price on expiry=2600 > Strike price=2400

Call option will be exercised.

Company will pay = $2400 * 10+530 = $24,530

<u>CASE 2</u>

Price = $2300

As price on expiry=2300 < Strike price=2400

Call option will not be exercised and will purchase from open market

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Shtirlitz [24]
The total amount of money that is brought in by sales
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A favorable direct labor efficiency variance might indicate that, the materials and other factors of production were available and in good quality which resulted in workers taking less time to complete a task. this also means that workers were more skilled an took less time.

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<h3>What is a cross-functional business process?</h3>

The cross-functional business process is a business process that involves many divisions or departments.  Each department contributes its part to the production workflow or to the fulfillment of the process.

For example, in <u>creating a new product</u>, many departments must be involved.  Other processes that involve many departments are product development, lead management, client orders processing, and other critical processes.

Thus, an example of a cross-functional business process is e. Hiring employees.

Learn more about cross-functional business processes at brainly.com/question/12434273

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