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vekshin1
3 years ago
12

A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of

Accounts Receivable can be obtained from the ________.
Business
1 answer:
GrogVix [38]3 years ago
6 0

Answer:

b) Schedule of cash receipts from customers

Explanation:

Selling and administrative expenses budget cannot provide the balance of an asset account. Therefore, option A is wrong.

Inventory, purchases, and cost of goods sold budget provide the information of inventory used and purchase of raw materials. Therefore, option C is wrong.

Capital expenditures budget provides non-correct related information. Therefore, option D is wrong.

As the company collects money from customers (Accounts Receivable), therefore, we can find it from the schedule of cash receipts from customers. Therefore, option B is the answer.

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During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assistant controller, discovered t
Andrews [41]

Answer:

Joel is behaving in a totally unprofessional & unethical manner

Explanation:

As assistant controller, Joel Kimmel's job specification & responsibility includes financial statement preparation & combination, putting of internal controls in place, detailed analysis & reporting of cost variance, acts as the go-between with external auditors amongst other such responsibilities.

As such, when Joel discovered the cost discrepancy during the reconciliation, it was actually his responsibility to call the bank's attention to the variance. This is something that clearly falls under his job specification & can be considered as neglect of duty. Joel's decision defeats the very purpose of bank reconciliation, which is to correct any such discrepancy & to the ensure the rectification of transactions. Most importantly, the decision Joel plans to take is very unethical & is against standard accounting practices

We can therefore, say that Joel's decision is thoroughly unethical & unprofessional

5 0
3 years ago
Read 2 more answers
When a provider signs a contract to be a participating provider with an insurance payer they are agreeing to:
Lesechka [4]

Answer:

Accept the fee schedules set by the insurance company.

Explanation:

A participating provider is defines as one who has entered into a written agreement with an insurance company to provide a given range of Medicare Part B services on an assigned basis.

Usually various fees are scheduled for each of the services provided.

The discount on services in this instance is not much and they are always obligated to provide service.

On the other hand preferred provider is one who provides services at a discount.

6 0
3 years ago
Plz help 25 points!!!
uysha [10]

Answer:

I thinks its b

Explanation:

8 0
3 years ago
You have learned from your training materials that the integration-responsiveness framework juxtaposes the opposing pressures fo
Karolina [17]

Answer:

aswer is

Explanation:

because is Hp is globally science

4 0
3 years ago
A futures contract on a 30 day Eurodollar time deposit is currently selling at an IMM index of 95.75 percent. The IMM index on a
kolezko [41]

Answer:

Basis risk for the future contract is 0.65%

Explanation:

Basis risk is the difference in spot price and future price of an hedged asset. It is the difference between the price price of an hedged asset and price of the asset serving as the hedge.

Basis risk = Futures price of contract − Spot price of hedged asset

Basis Risk = Future IMM index - Spot IMM index

Basis risk = 95.75% - 95.10%

Basis risk = 0.65%

5 0
3 years ago
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