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Gemiola [76]
3 years ago
7

Kristoff Walker operates his own catering service. Summary financial data for February are presented in equation form as follows

. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in owner's equity, except transaction (5), affects net income..
Assets = Liabilities + Owner's Equity
Cash + Supplies + Land = Accounts Payable + Kristoff Walker, Capital - Kristoff Walker, Drawing + Fees Earned - Expenses
Bal. 34,700 4,500 86,800 9,400 116,600
1. +40,600 +40,600
2. -17,400 +17,400
3. -30,200 -30,200
4. +1,700 +1,700
5. -2,300 -2,300
6. -8,300 -8,300
7. -3,500 -3,500
Bal. 17,100 2,700 104,200 2,800 116,600 -2,300 40,600 -33,700.

What is the amount of the net decrease in cash during the month?
Business
2 answers:
wariber [46]3 years ago
8 0

Answer:

- $17,600

Explanation:

The computation of the net decrease in cash during the month is shown below:

= $40,600 - $17,400 - $30,200 - $2,300 - $8,300

= - $17,600

After calculating the items which are presented in the column 1 represent the net decrease in cash for $17,600 amount.  

The net decrease in cash represents an outflow of cash. In this, the chances of loss may be higher than the loss.

AveGali [126]3 years ago
3 0

Answer:

$4,000

Explanation:

Net gross increase = $(40,600 + 40,600 + 1,700 + 1,700) = $84,600

Net gross decrease = - $( 30,200 + 30,200 + 2,300 + 2,300 + 8,300 + 8,300 + 3,500 + 3,500) = -$88,600

∴ Net decrease = -$88,600 + $84,600 = $4,000

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A call center has a total of 12 telephone lines coming into its customer service department, which is staffed by 5 customer serv
maria [59]

Answer:

a. decrease

b. increase

c. increase

Explanation:

A call center has added a telephone line coming to its customer service department. The proportion of potential customer getting a busy line will decrease because now there is one additional line that can be used to serve caller. The average flow time experienced by customers will increase. Utilization of all the telephone lines shows the productivity of call center. The average utilization of customer service representative will increase because customer representative will have one more line to address the call by customers.

3 0
3 years ago
On January 1, Wei company begins the accounting period with a $35,000 credit balance in Allowance for Doubtful Accounts. On Febr
Genrish500 [490]

Answer:

Wei Company

Journal Entry:

Debit Allowance for Doubtful Accounts $7,800

Credit Accounts Receivable $7,800

To write-off accounts determined to be uncollectible.

Explanation:

a) Data and Calculations:

Allowance for Doubtful Accounts (Balance) = $35,000

Uncollectible accounts:

Oakley Co. $1,400

Brookes Co. $6,400

Total = $7,800

b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable.  This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.

7 0
3 years ago
One industry with a reputation for less-than-stellar customer service is that of the nation's pay-tv providers. much of the terr
musickatia [10]
<span>In order to cut costs, most of the pay TV providers have incorporated large call centers where they hire poorly trained and low paid employees to answer customer calls. These employees lack incentive and generally don't care much about customers. One exception to the rule is DirecTV. They are known for the best customer service record in the industry. It uses outsourcing, but they have motivation, something lacking from other providers. Their reps get free satellite TV in their homes once they have been on the job for three months and are invited to special DirecTV events where they have chances to meet and greet celebrities and NFL stars. They are also given the ability to handle complaints themselves rather than just listening, noting and transferring calls.</span>
5 0
3 years ago
According to 54 leadership experts of 38 countries, there are two key components to leadership. The first is the ability to pers
aev [14]

Answer: Enablers

Explanation:

Years ago, 54 leadership experts from 38 countries reached a consensus on leadership.

They agreed that leadership should be about influencing, motivating, and enabling others to contribute towards the goals of the Organization that they work for.

This consensus had 2 parts.

Firstly, leaders motivate others through persuasion and otherinfluence tactics.

Secondly and relatively more important in this question, leaders act as ENABLERS.

They ENABLE those under them by distributing resources, minimizing disruptions and just generally by being leaders to their subordinates to make it easier for the goals and objectives of the company to be realized.

3 0
3 years ago
Pittsboro Corporation produces and sells a single product. Data for that product are: Sales price per unit $590​ Variable cost p
Fofino [41]

Answer:

The company will need to sale 3,883 units to maintain its current operating income of 400,000

Explanation:

We will calculate the point at which the company mantains his current income in units at the new scenario:

\frac{Fixed\:Cost + target \: income}{Contribution \:Margin} = Break\: Even\: Point_{units}

<u>Where:</u>

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

625 - 190 = 435 each units contributes this amount to afford the fixed cost and make a gain.

Current income: contribution x units sold - fixed cost

                             (590-190) x 4,000 - 1,200,000 = 400,000

(1,200,000 + 89,000 + 400,000) / 435 = 3,882.75862 = 3,883 units

The company will need to sale 3,883 units to maintain its current operating income of 400,000

5 0
3 years ago
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