Answer:
Cash $10,430 ; Cash equivalents $20,400
Explanation.
Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.
It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.
Solution.
$
Cash in bank. 8,540
Petty cash. 250
Check from customer. 1,350
Money order. 290
Cash. 10,430
The check has a very short maturity period since it will clear within 3-4 working days.
Money order can be cashed immediately .
Therefore;
Cash value is $10,430
For cash equivalent,
Cash equivalent = Money market fund balance + Treasury bills maturing in 60days
Cash equivalents = $10,400 + $10,000
=$20,400.
The amounts considered as cash and cash equivalents as of 31 December are ;
Cash $10,430 , $20,400 respectively.
Answer:
I think manager??????????
Arianne's store is an example of a SOLE PROPRIETORSHIP.
A sole proprietorship is the simplest business form among all businesses. It doesn't have a legal entity because its debts will be personally covered by its owner. All its profit and loss will be enjoys and paid for by Arianne and the coverage of its debts is unlimited.
Answer:
coaching Joe rather than helping him
Explanation:
Coaching is a process where a more experienced person teaches a learner achieve a goal by giving guidance and training.
Helping is when a person assists another to do a job that is their responsibility.
In this scenario Sharon Baricivic has provided Joe with guidance by offering advice, encouragement, and instructions. So he is coaching him.
However, she has been careful to let Joe do all of the actual work he is assigned, even if he struggles a bit.
So she is not helping Joe do his work, but rather letting him do it even if it means him struggling a bit.
Answer:
= 12.5%
Explanation:
<em>Profit margin ration is the the percentage of sales that a business earns as profit. In the context of a division, the higher the figure, the better and the more profitable the operation of the division. The profit margin ratio is computed as follows:</em>
Profit margin ratio = Net operating profit/ Sales× 100
Industrial profit margin ratio
Net operating margin - 218,000
Net Sales - 1,750,000
Profit margin ratio
= 218,000/1,750,000 × 100
= 12.5%
