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3 years ago

What’s the purpose of balancing or monitoring your checking account?

1 answer:

4 0

Answer: To help you calculate how much money you have in your account. The best way to ensure the accuracy and safety of your accounts is to.. Monitor your online accounts regularly.

Explanation:

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Pina Colada Corp. holds Tamarisk, Inc. $44400, 120-day, 15% note. The entry made by Pina Colada Corp. when the note is collected

Dafna1 [17]

Answer and Explanation:

The journal entry is shown below

Cash $46,620

To Notes Receivable $44,400

To Interest receivable ($44,400 × 15% × 120 days ÷ 360 days)

(Being the cash received is recorded)

Here we debited the cash as it increased the assets and at the same time we credited the interest receivable and the note receivable as it decreased the assets

The same is to be considered

7 0

3 years ago

Grande Communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all

garri49 [273]

The answer is Price Bundling.

Price bundling is a marketing strategy. In this type of strategy, the company combines two or more products to sell them at a lower price than if the same products were sold individually.

It is also called product bundling or product-bundle pricing. As two or more products are combined/ bundled together to sell them at a lower price.

Hence, when Grande Communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all at once. This is an example of Price Bundling.

Learn more about Market strategy:

brainly.com/question/21629547

#SPJ4

8 0

2 years ago

When forecasting balance sheet financials, an unusually high forecasted cash balance suggests which of the following? A. Sales a

Inga [223]

Answer:

The correct option is E

Explanation:

If the business is forecasting the financials of the balance sheet and mostly the high forecasted balance of cash implies that the company or the firm could pay off the debt in the next or the following year.

The forecasted high cash balance most likely decrease the long term and the short term debt of the company in order to reduce the cash levels to a consistent level.

So, none of the above options provided is correct.

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3 years ago

The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income for 2021 was $88 million.

Alinara [238K]

It can be deduced that the cash flow shows that the net cash provided by operating activities will be $58 million.

<h3>How to compute the statement of cash flow</h3>

Cash flow from operating activities

Net income = $54 million

Add: Depreciation $15 million.

Add: Bad debt = $6 million

Add: Amortization expense = $3

Changes in operating assets and liabilities

Decrease in account receivable = $4 million

Increase in inventory = ($9 million)

Increase in prepaid expense = ($2 million)

Decrease in account payable = ($10 million)

Decrease in accrued liability = ($3 million)

Net cash provided by operating activities = $58 million

In conclusion, the net cash provided by operating activities is $58 million.

Learn more about cash flow on:

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8 0

2 years ago

Crater HVAC Systems is preparing its statement of cash flows (indirect method) for the year ended March 31, 2018. To follow,

Ymorist [56]

Answer:

a. Increase in inventory - an operating activity subtraction from net income

This is an operating activity as it has to do with the day to day business of the company and its operations. It is a subtraction from Net income because an increase in inventory means that more cash was spent to buy the inventory.

b. Issuance of common stock - a financing activity

Financing activities are those that have to do with raising capital for the business so when stock is issued and Equity is raised, it is a financing activity.

c. Decrease in accrued liabilities - an operating activity subtraction from net income

Liabilities are also in relation to the firm's operations so they are operating activities. This will be a subtraction from Net income because cash was used to pay off liabilities which is what reduced them.

d. Net income - operating activity addition to net income

Net income is derived from the operations of the business so is an Operating activity. It will increase net income evidently.

e. Decrease in prepaid expense - operating activity addition to net income

Prepaid expense is in relation to expenses which is an operating activity. It will be an addition to net income because as an asset, it reducing means that cash was not paid to acquire it.

8 0

3 years ago