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3 years ago

Currency located at the company $ 600

Business

1 answer:

Drupady [299]3 years ago

5 0

Answer:

$12,900

Explanation:

Amount of cash reported in the balance sheet refers to the cash balance in the bank and other short term investments that may be liquidated in 3 months or less.

It is a current asset in the balance sheet.

Amount of cash on balance sheet = $1,500 + $6,700 + $200 + $100 + $4,400

= $12,900

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If a company issues a check for $2,750 in payment of the salaries expense for the last half of the month, the transaction will b

Anton [14]

Answer:

Cash Disbursement Journal

Explanation:

First and Foremost, whether it is a cash or check payment, it is recorded in the Cash Journal. The only difference is that such an all-encompassing Cash Journal will have a minimum of two columns; the first to record cash and the other to record the checks.

Sales Journal is used for transactions that deal directly with company sales

Purchases Journal is used for transactions directly related to the purchase of inventory for sales and General Journal is used for other non-specific items of income and expenditure.

The salary expense of $2,750 involves the disbursement of cash (through the company's bank account) to settle the workers. Hence, the journal for the record is the Cash Disbursement Journal.

7 0

3 years ago

On January 1, Year 1, Li Company purchased an asset that cost $45,000. The asset had an expected useful life of five years and a

maw [93]

Answer:

$9,450

Explanation:

In straight line depreciation the Depreciable value (Cost of asset - Salvage value of asset) is expensed over useful life of the asset. Each year same value of expense is charged.

When the salvage value is revised the value of depreciation will also be revised.

First we will calculate the Book value at the beginning of year 4.

Depreciable value = $45,000 - $9,000 = $36,000

Depreciation per year = $36,000 / 5 years = $7,200 per year

Book Value at start of year 4 = $45,000 - ($7,200 x 3 ) = $23,400

after revision of salvage value:

Depreciable value at start of year 4 = $23,400 - $4,500 = $18,900

Numbers of year remaining = 5 - 3 = 2 years

Depreciation each year = $18,900 / 2 = $9,450

8 0

3 years ago

If an increase occurs in the demand for the output of industry A, we would expect all of the following to happen except:A. an in

ruslelena [56]

Answer:

The correct answer is option B.

Explanation:

The total revenue and profits of the industry as the price level increases with increase in the demand.

When there is an increase in the demand for the output of an industry, that industry will increase the production to match the increase in the demand. The increase in production will cause output level to increase.

In order to produce more output the industry will require more inputs, so the demand for inputs will increase.

An increase in the demand for inputs will be accompanied by increase in their prices.

There will not be any decline in the price of inputs.

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3 years ago

Discuss the reasons why suppliers are sometimes reluctant to share cost information with buyers - particularly during the early

3241004551 [841]

<span>The supplier may feel that revealing cost information to buyers may put them at a disadvantage because it would hurt their pricing strategy, they would be better of withholding the info to sell at a higher price or more convenient manner. The supplier may also not fully understand the cost information, so he or she may not want to give the buyer false information.</span>

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3 years ago

True or false: strength machines are generally regarded as superior to free weights for improving core stability and coordinatio

Levart [38]

The answer to your question would be false

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4 years ago