Answer:
a. $19,800
Explanation:
The computation of the correct cash balance is shown below:
= Balance per bank statement + Deposit in transit - Outstanding checks
= $18,650 + $3,900 - $2,750
= $19,800
We simply added the deposits and deducted the outstanding checks to the bank balance so that the accurate amount can come.
All other information which is given is not relevant. Hence, ignored it
Answer: 110 days
Explanation:
The operating cash cycle is the difference between the operating cycle (accounts receivable and inventory) and the payment cycle (accounts payable)
Days of operating cycle = (Days Accounts Receivable + Inventory days) - Days of Accounts Payable
Inventory days = Days Accounts receivable - Days accounts payable - Days of operating cycle
Inventory Days = 40 - 30 - 120
Inventory Days = 110 days
Answer:
true like why wouldnt you do that
Explanation:
Answer: The answer is given below
Explanation:
From the question, we are informed that on March 3, Sheridan Company sells $707, 700 of its receivables to National Factors Inc. National Factors Inc. assesses a service charge of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of the amount of receivables sold.
The entry on Sheridan Company books to record the sale of the receivables has been prepared and attached. It should be noted that the service charge expense was calculated as:
= 5% × $707,700
= 0.05 × $707,700
= $35,385.
Other information has been attached.
If a product is considered a bundle of attributes, the two attributes of a tube of toothpaste will be: Weighs 10 grams and is Water resistant.
A product is considered a bundle of attributes that could be tangible or not.
In describing the product attributes of a toothpaste tube, we could reference the fact that it is lightweight and is resistant to water.
These attributes are the features that make the product attractive to consumers.
Learn more about product attributes here:
brainly.com/question/14563539
